ARKA vs. GBTC
Compare and contrast key facts about ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA) and Grayscale Bitcoin Trust (BTC) (GBTC).
ARKA is an actively managed fund by ARK. It was launched on Nov 13, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKA or GBTC.
Key characteristics
| ARKA | GBTC | |
|---|---|---|
| YTD Return | 50.12% | 55.63% |
| Daily Std Dev | 56.84% | 57.83% |
| Max Drawdown | -30.23% | -89.91% |
| Current Drawdown | -12.11% | -17.84% |
Correlation
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.
Performance
ARKA vs. GBTC - Performance Comparison
In the year-to-date period, ARKA achieves a 50.12% return, which is significantly lower than GBTC's 55.63% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
ARKA vs. GBTC - Risk-Adjusted Performance Comparison
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.
Not enough dataDividends
ARKA vs. GBTC - Dividend Comparison
ARKA's dividend yield for the trailing twelve months is around 33.81%, while GBTC has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
ARKA ARK 21Shares Active Bitcoin Futures Strategy ETF | 33.81% | 0.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GBTC Grayscale Bitcoin Trust (BTC) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.23% |
Drawdowns
ARKA vs. GBTC - Drawdown Comparison
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.
Volatility
ARKA vs. GBTC - Volatility Comparison
ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA) and Grayscale Bitcoin Trust (BTC) (GBTC) have volatilities of 12.04% and 12.04%, 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.