ARBK vs. BITW
ARBK (Argo Blockchain plc) is a stock, while BITW (Bitwise 10 Crypto Index ETF) is Cryptocurrency fund tracking the Bitwise 10 Large Cap Crypto Index. Over the past 3 years, ARBK returned 27.42%/yr vs 50.82%/yr for BITW. At a 0.45 correlation, their price movements are largely independent.
Performance
ARBK vs. BITW - Performance Comparison
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Returns By Period
In the year-to-date period, ARBK achieves a -2.93% return, which is significantly higher than BITW's -35.89% return.
ARBK
- 1D
- 0.30%
- 1M
- -7.02%
- YTD
- -2.93%
- 6M
- -11.73%
- 1Y
- 819.44%
- 3Y*
- 27.42%
- 5Y*
- —
- 10Y*
- —
BITW
- 1D
- -1.13%
- 1M
- -22.28%
- YTD
- -35.89%
- 6M
- -35.92%
- 1Y
- -42.92%
- 3Y*
- 50.82%
- 5Y*
- 1.48%
- 10Y*
- —
ARBK vs. BITW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ARBK Argo Blockchain plc | -2.93% | 503.54% | -84.89% | 246.30% | -91.12% | -18.99% |
BITW Bitwise 10 Crypto Index ETF | -35.89% | -2.63% | 160.69% | 331.10% | -85.92% | -15.47% |
Correlation
The correlation between ARBK and BITW is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2021 | 0.45 |
Fundamentals
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Return for Risk
ARBK vs. BITW — Risk / Return Rank
ARBK
BITW
ARBK vs. BITW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Argo Blockchain plc (ARBK) and Bitwise 10 Crypto Index ETF (BITW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ARBK | BITW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +50.33 | ||
| Omega ratioGain probability vs. loss probability | 6.85 | 0.86 | +5.99 |
| Calmar ratioReturn relative to maximum drawdown | 10.02 | -0.76 | +10.79 |
| Martin ratioReturn relative to average drawdown | 17.09 | -1.30 | +18.40 |
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Drawdowns
ARBK vs. BITW - Drawdown Comparison
The maximum ARBK drawdown since its inception was -99.31%, roughly equal to the maximum BITW drawdown of -96.46%. Use the drawdown chart below to compare losses from any high point for ARBK and BITW.
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Drawdown Indicators
| ARBK | BITW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.31% | -96.46% | -2.85% |
Max Drawdown (1Y)Largest decline over 1 year | -82.59% | -56.34% | -26.25% |
Max Drawdown (3Y)Largest decline over 3 years | -96.52% | -56.34% | -40.18% |
Max Drawdown (5Y)Largest decline over 5 years | — | -91.93% | — |
Current DrawdownCurrent decline from peak | -83.90% | -72.90% | -11.00% |
Average DrawdownAverage peak-to-trough decline | -84.02% | -69.56% | -14.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.32% | 32.94% | +15.38% |
Volatility
ARBK vs. BITW - Volatility Comparison
Argo Blockchain plc (ARBK) has a higher volatility of 18.87% compared to Bitwise 10 Crypto Index ETF (BITW) at 14.31%. This indicates that ARBK's price experiences larger fluctuations and is considered to be riskier than BITW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARBK | BITW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.87% | 14.31% | +4.56% |
Volatility (6M)Calculated over the trailing 6-month period | 64.89% | 37.21% | +27.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 4,741.92% | 49.84% | +4,692.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2,182.34% | 65.56% | +2,116.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2,182.34% | 108.29% | +2,074.05% |
Dividends
ARBK vs. BITW - Dividend Comparison
Neither ARBK nor BITW has paid dividends to shareholders.
Frequently Asked Questions
ARBK and BITW have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARBK has higher volatility (18.87%) compared to BITW (14.31%). In terms of maximum drawdown, ARBK dropped -99.31% vs BITW's -96.46%.
ARBK currently has the higher Sharpe Ratio (0.17 vs -0.87), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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