ARKA vs. SPY
Compare and contrast key facts about ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA) and SPDR S&P 500 ETF (SPY).
ARKA and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKA or SPY.
Correlation
The correlation between ARKA and SPY is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ARKA vs. SPY - Performance Comparison
Key characteristics
ARKA:
1.31
SPY:
1.88
ARKA:
2.01
SPY:
2.53
ARKA:
1.23
SPY:
1.35
ARKA:
2.45
SPY:
2.83
ARKA:
5.35
SPY:
11.74
ARKA:
13.88%
SPY:
2.02%
ARKA:
56.59%
SPY:
12.64%
ARKA:
-30.23%
SPY:
-55.19%
ARKA:
-9.25%
SPY:
-0.42%
Returns By Period
In the year-to-date period, ARKA achieves a 4.42% return, which is significantly higher than SPY's 4.15% return.
ARKA
4.42%
-7.83%
57.39%
77.93%
N/A
N/A
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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ARKA vs. SPY - Expense Ratio Comparison
ARKA has a 0.70% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
ARKA vs. SPY — Risk-Adjusted Performance Rank
ARKA
SPY
ARKA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
ARKA's dividend yield for the trailing twelve months is around 27.27%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARKA ARK 21Shares Active Bitcoin Futures Strategy ETF | 27.27% | 28.48% | 0.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
ARKA vs. SPY - Drawdown Comparison
The maximum ARKA drawdown since its inception was -30.23%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ARKA and SPY. For additional features, visit the drawdowns tool.
Volatility
ARKA vs. SPY - Volatility Comparison
ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA) has a higher volatility of 10.00% compared to SPDR S&P 500 ETF (SPY) at 2.93%. This indicates that ARKA's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.