ARKB vs. MSTR
ARKB (ARK 21Shares Bitcoin ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while MSTR (Strategy Inc) is a stock. Over the past year, ARKB returned -44.16% vs -74.91% for MSTR. Their 0.79 correlation means they have sometimes moved together and sometimes differently.
Performance
ARKB vs. MSTR - Performance Comparison
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Returns By Period
In the year-to-date period, ARKB achieves a -26.69% return, which is significantly higher than MSTR's -35.74% return.
ARKB
- 1D
- 0.57%
- 1M
- 4.52%
- 6M
- -16.05%
- YTD
- -26.69%
- 1Y
- -44.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.02%
MSTR
- 1D
- 2.94%
- 1M
- -3.10%
- 6M
- -26.72%
- YTD
- -35.74%
- 1Y
- -74.91%
- 3Y*
- 37.34%
- 5Y*
- 6.41%
- 10Y*
- 19.36%
- ALL TIME*
- 9.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $32.37M | $33.70M | $41.78M | |
MSTR Strategy Inc | $1.45B | $1.54B | $2.37B |
ARKB vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ARKB ARK 21Shares Bitcoin ETF | -26.69% | -6.59% | 86.54% |
MSTR Strategy Inc | -35.74% | -47.53% | 411.99% |
Correlation
The correlation between ARKB and MSTR is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.79 |
The correlation between ARKB and MSTR has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.
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Return for Risk
ARKB vs. MSTR — Risk / Return Rank
ARKB
MSTR
ARKB vs. MSTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK 21Shares Bitcoin ETF (ARKB) and Strategy Inc (MSTR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ARKB | MSTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.79 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | -0.94 | +0.11 |
| Martin ratioReturn relative to average drawdown | -1.27 | -1.34 | +0.07 |
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Drawdowns
ARKB vs. MSTR - Drawdown Comparison
The maximum ARKB drawdown since its inception was -53.33%, smaller than the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for ARKB and MSTR.
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Drawdown Indicators
| ARKB | MSTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.33% | -99.86% | +46.53% |
Max Drawdown (1Y)Largest decline over 1 year | -53.33% | -79.53% | +26.20% |
Max Drawdown (3Y)Largest decline over 3 years | — | -82.63% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -84.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.27% | — |
Current DrawdownCurrent decline from peak | -48.94% | -79.39% | +30.45% |
Average DrawdownAverage peak-to-trough decline | -18.36% | -86.42% | +68.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.90% | 56.04% | -21.14% |
Volatility
ARKB vs. MSTR - Volatility Comparison
The current volatility for ARK 21Shares Bitcoin ETF (ARKB) is 8.21%, while Strategy Inc (MSTR) has a volatility of 17.20%. This indicates that ARKB experiences smaller price fluctuations and is considered to be less risky than MSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARKB | MSTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.21% | 17.20% | -8.99% |
Volatility (6M)Calculated over the trailing 6-month period | 32.98% | 60.13% | -27.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.25% | 74.85% | -30.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.36% | 89.93% | -40.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.36% | 74.36% | -25.00% |
Dividends
ARKB vs. MSTR - Dividend Comparison
Neither ARKB nor MSTR has paid dividends to shareholders.
Frequently Asked Questions
ARKB and MSTR have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTR has higher volatility (17.20%) compared to ARKB (8.21%). In terms of maximum drawdown, ARKB dropped -53.33% vs MSTR's -99.86%.
ARKB currently has the higher Sharpe Ratio (-1.00 vs -1.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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