ARKB vs. BTCO
Compare and contrast key facts about ARK 21Shares Bitcoin ETF (ARKB) and Invesco Galaxy Bitcoin ETF (BTCO).
ARKB and BTCO 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. BTCO is a passively managed fund by Invesco that tracks the performance of the Lukka Prime Reference Bitcoin Rate. It was launched on Jan 11, 2024. Both ARKB and BTCO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKB or BTCO.
Correlation
The correlation between ARKB and BTCO is 0.36, 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
ARKB vs. BTCO - Performance Comparison
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Key characteristics
ARKB:
1.13
BTCO:
1.13
ARKB:
1.93
BTCO:
1.94
ARKB:
1.23
BTCO:
1.23
ARKB:
2.44
BTCO:
2.45
ARKB:
5.34
BTCO:
5.37
ARKB:
12.85%
BTCO:
12.78%
ARKB:
53.02%
BTCO:
52.65%
ARKB:
-28.15%
BTCO:
-28.03%
ARKB:
-2.53%
BTCO:
-2.40%
Returns By Period
The year-to-date returns for both investments are quite close, with ARKB having a 11.32% return and BTCO slightly higher at 11.33%.
ARKB
11.32%
23.39%
13.48%
59.20%
N/A
N/A
BTCO
11.33%
23.33%
13.62%
59.18%
N/A
N/A
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ARKB vs. BTCO - Expense Ratio Comparison
ARKB has a 0.21% expense ratio, which is lower than BTCO's 0.39% expense ratio.
Risk-Adjusted Performance
ARKB vs. BTCO — Risk-Adjusted Performance Rank
ARKB
BTCO
ARKB vs. BTCO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK 21Shares Bitcoin ETF (ARKB) and Invesco Galaxy Bitcoin ETF (BTCO). 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.
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Dividends
ARKB vs. BTCO - Dividend Comparison
Neither ARKB nor BTCO has paid dividends to shareholders.
Drawdowns
ARKB vs. BTCO - Drawdown Comparison
The maximum ARKB drawdown since its inception was -28.15%, roughly equal to the maximum BTCO drawdown of -28.03%. Use the drawdown chart below to compare losses from any high point for ARKB and BTCO. For additional features, visit the drawdowns tool.
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Volatility
ARKB vs. BTCO - Volatility Comparison
ARK 21Shares Bitcoin ETF (ARKB) and Invesco Galaxy Bitcoin ETF (BTCO) have volatilities of 9.19% and 9.14%, 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.
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