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.
Performance
ARKA vs. BITC - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with ARKA having a 100.11% return and BITC slightly higher at 100.59%.
ARKA
100.11%
35.36%
28.02%
125.95%
N/A
N/A
BITC
100.59%
36.42%
28.51%
125.95%
N/A
N/A
Key characteristics
| ARKA | BITC | |
|---|---|---|
| Sharpe Ratio | 2.19 | 2.18 |
| Sortino Ratio | 2.77 | 2.75 |
| Omega Ratio | 1.33 | 1.32 |
| Calmar Ratio | 4.17 | 4.03 |
| Martin Ratio | 9.17 | 8.62 |
| Ulcer Index | 13.73% | 14.60% |
| Daily Std Dev | 57.63% | 57.79% |
| Max Drawdown | -30.23% | -31.26% |
| Current Drawdown | -8.48% | -8.31% |
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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.
Correlation
The correlation between ARKA and BITC is 0.99, 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.
Risk-Adjusted Performance
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 25.37%, more than BITC's 2.82% yield.
| TTM | 2023 | |
|---|---|---|
ARKA ARK 21Shares Active Bitcoin Futures Strategy ETF | 25.37% | 0.41% |
BITC Bitwise Bitcoin Strategy Optimum Roll ETF | 2.82% | 5.65% |
Drawdowns
ARKA vs. BITC - Drawdown Comparison
The maximum ARKA drawdown since its inception was -30.23%, roughly equal to the maximum BITC drawdown of -31.26%. 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
ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA) and Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) have volatilities of 19.45% and 19.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.