ARKA vs. BITC
Compare and contrast key facts about ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA) and Bitwise Bitcoin Strategy Optimum Roll ETF (BITC).
ARKA and BITC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARKA is an actively managed fund by ARK. It was launched on Nov 13, 2023. BITC is an actively managed fund by Bitwise. It was launched on Mar 20, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKA or BITC.
Correlation
The correlation between ARKA and BITC is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ARKA vs. BITC - Performance Comparison
Key characteristics
ARKA:
1.58
BITC:
0.31
ARKA:
2.26
BITC:
0.85
ARKA:
1.26
BITC:
1.12
ARKA:
3.00
BITC:
0.45
ARKA:
6.62
BITC:
1.18
ARKA:
13.70%
BITC:
16.94%
ARKA:
57.05%
BITC:
63.70%
ARKA:
-30.23%
BITC:
-44.55%
ARKA:
-10.55%
BITC:
-43.96%
Returns By Period
In the year-to-date period, ARKA achieves a 2.93% return, which is significantly higher than BITC's -7.49% return.
ARKA
2.93%
-5.99%
42.37%
102.65%
N/A
N/A
BITC
-7.49%
-41.17%
-10.17%
27.76%
N/A
N/A
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ARKA vs. BITC - Expense Ratio Comparison
ARKA has a 0.70% expense ratio, which is lower than BITC's 0.88% expense ratio.
Risk-Adjusted Performance
ARKA vs. BITC — Risk-Adjusted Performance Rank
ARKA
BITC
ARKA vs. BITC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA) and Bitwise Bitcoin Strategy Optimum Roll ETF (BITC). 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.
Dividends
ARKA vs. BITC - Dividend Comparison
ARKA's dividend yield for the trailing twelve months is around 27.67%, while BITC has not paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
ARKA ARK 21Shares Active Bitcoin Futures Strategy ETF | 27.67% | 28.48% | 0.41% |
BITC Bitwise Bitcoin Strategy Optimum Roll ETF | 0.00% | 0.00% | 5.65% |
Drawdowns
ARKA vs. BITC - Drawdown Comparison
The maximum ARKA drawdown since its inception was -30.23%, smaller than the maximum BITC drawdown of -44.55%. Use the drawdown chart below to compare losses from any high point for ARKA and BITC. For additional features, visit the drawdowns tool.
Volatility
ARKA vs. BITC - Volatility Comparison
The current volatility for ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA) is 15.72%, while Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) has a volatility of 36.73%. This indicates that ARKA experiences smaller price fluctuations and is considered to be less risky than BITC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.