ARKB vs. BITO
Compare and contrast key facts about ARK 21Shares Bitcoin ETF (ARKB) and ProShares Bitcoin Strategy ETF (BITO).
ARKB and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARKB is a passively managed fund by ARK Investment Management that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 10, 2024. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKB or BITO.
Correlation
The correlation between ARKB and BITO is 1.00, 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
ARKB vs. BITO - Performance Comparison
Key characteristics
ARKB:
2.54
BITO:
2.23
ARKB:
3.02
BITO:
2.78
ARKB:
1.35
BITO:
1.33
ARKB:
5.26
BITO:
2.72
ARKB:
12.07
BITO:
9.56
ARKB:
11.94%
BITO:
13.42%
ARKB:
56.69%
BITO:
57.47%
ARKB:
-27.40%
BITO:
-77.86%
ARKB:
-1.79%
BITO:
-2.66%
Returns By Period
The year-to-date returns for both stocks are quite close, with ARKB having a 12.17% return and BITO slightly lower at 11.90%.
ARKB
12.17%
4.29%
55.45%
155.48%
N/A
N/A
BITO
11.90%
3.46%
50.90%
139.47%
N/A
N/A
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ARKB vs. BITO - Expense Ratio Comparison
ARKB has a 0.21% expense ratio, which is lower than BITO's 0.95% expense ratio.
Risk-Adjusted Performance
ARKB vs. BITO — Risk-Adjusted Performance Rank
ARKB
BITO
ARKB vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK 21Shares Bitcoin ETF (ARKB) and ProShares Bitcoin Strategy ETF (BITO). 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
ARKB vs. BITO - Dividend Comparison
ARKB has not paid dividends to shareholders, while BITO's dividend yield for the trailing twelve months is around 55.04%.
| TTM | 2024 | 2023 | |
|---|---|---|---|
ARKB ARK 21Shares Bitcoin ETF | 0.00% | 0.00% | 0.00% |
BITO ProShares Bitcoin Strategy ETF | 55.04% | 61.59% | 15.14% |
Drawdowns
ARKB vs. BITO - Drawdown Comparison
The maximum ARKB drawdown since its inception was -27.40%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for ARKB and BITO. For additional features, visit the drawdowns tool.
Volatility
ARKB vs. BITO - Volatility Comparison
ARK 21Shares Bitcoin ETF (ARKB) and ProShares Bitcoin Strategy ETF (BITO) have volatilities of 15.72% and 16.13%, 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.