ARKA vs. GBTC

In the year-to-date period, ARKA achieves a 100.11% return, which is significantly lower than GBTC's 108.46% return.

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The correlation between ARKA and GBTC 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.

This table presents a comparison of risk-adjusted performance metrics for ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA) and Grayscale Bitcoin Trust (BTC) (GBTC). 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.

The current ARKA Sharpe Ratio is 2.19, which is comparable to the GBTC Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of ARKA and GBTC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

ARKA's dividend yield for the trailing twelve months is around 25.37%, while GBTC has not paid dividends to shareholders.

The maximum ARKA drawdown since its inception was -30.23%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for ARKA and GBTC. For additional features, visit the drawdowns tool.

ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA) and Grayscale Bitcoin Trust (BTC) (GBTC) have volatilities of 19.45% and 19.26%, 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.