ARKB vs. GBTC
Compare and contrast key facts about ARK 21Shares Bitcoin ETF (ARKB) and Grayscale Bitcoin Trust (BTC) (GBTC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKB or GBTC.
Correlation
The correlation between ARKB and GBTC 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. GBTC - Performance Comparison
Key characteristics
ARKB:
0.45
GBTC:
0.19
ARKB:
1.02
GBTC:
0.67
ARKB:
1.12
GBTC:
1.08
ARKB:
0.89
GBTC:
0.30
ARKB:
1.94
GBTC:
0.67
ARKB:
12.51%
GBTC:
15.74%
ARKB:
54.10%
GBTC:
55.50%
ARKB:
-27.40%
GBTC:
-89.91%
ARKB:
-18.56%
GBTC:
-18.90%
Returns By Period
The year-to-date returns for both stocks are quite close, with ARKB having a -6.98% return and GBTC slightly lower at -7.19%.
ARKB
-6.98%
1.07%
44.29%
31.51%
N/A
N/A
GBTC
-7.19%
0.98%
43.36%
17.04%
56.09%
N/A
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Risk-Adjusted Performance
ARKB vs. GBTC — Risk-Adjusted Performance Rank
ARKB
GBTC
ARKB vs. GBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK 21Shares Bitcoin ETF (ARKB) 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.
Dividends
ARKB vs. GBTC - Dividend Comparison
Neither ARKB nor GBTC has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
ARKB ARK 21Shares Bitcoin ETF | 0.00% | 0.00% | 0.00% | 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% | 0.00% | 0.23% |
Drawdowns
ARKB vs. GBTC - Drawdown Comparison
The maximum ARKB drawdown since its inception was -27.40%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for ARKB and GBTC. For additional features, visit the drawdowns tool.
Volatility
ARKB vs. GBTC - Volatility Comparison
ARK 21Shares Bitcoin ETF (ARKB) and Grayscale Bitcoin Trust (BTC) (GBTC) have volatilities of 16.61% and 16.88%, 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.