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 -43.47% vs -75.03% for MSTR. A 0.79 correlation means they provide meaningful diversification when combined.
Performance
ARKB vs. MSTR - Performance Comparison
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Returns By Period
In the year-to-date period, ARKB achieves a -31.61% return, which is significantly higher than MSTR's -38.05% return.
ARKB
- 1D
- -3.97%
- 1M
- -20.99%
- YTD
- -31.61%
- 6M
- -31.45%
- 1Y
- -43.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTR
- 1D
- -9.35%
- 1M
- -41.13%
- YTD
- -38.05%
- 6M
- -40.69%
- 1Y
- -75.03%
- 3Y*
- 41.95%
- 5Y*
- 11.34%
- 10Y*
- 18.45%
ARKB vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ARKB ARK 21Shares Bitcoin ETF | -31.61% | -6.59% | 86.54% |
MSTR Strategy Inc | -38.05% | -47.53% | 411.99% |
Correlation
The correlation between ARKB and MSTR is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 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 | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.78 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | -0.95 | +0.11 |
| Martin ratioReturn relative to average drawdown | -1.42 | -1.38 | -0.04 |
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Drawdowns
ARKB vs. MSTR - Drawdown Comparison
The maximum ARKB drawdown since its inception was -52.37%, 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 | -52.37% | -99.86% | +47.49% |
Max Drawdown (1Y)Largest decline over 1 year | -52.37% | -79.35% | +26.98% |
Max Drawdown (3Y)Largest decline over 3 years | — | -80.13% | — |
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 | -52.37% | -80.13% | +27.76% |
Average DrawdownAverage peak-to-trough decline | -16.93% | -86.44% | +69.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.72% | 54.47% | -23.75% |
Volatility
ARKB vs. MSTR - Volatility Comparison
The current volatility for ARK 21Shares Bitcoin ETF (ARKB) is 13.35%, while Strategy Inc (MSTR) has a volatility of 23.29%. 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 | 13.35% | 23.29% | -9.94% |
Volatility (6M)Calculated over the trailing 6-month period | 34.46% | 58.20% | -23.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.28% | 72.58% | -28.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.07% | 90.65% | -40.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.07% | 73.95% | -23.88% |
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 (23.29%) compared to ARKB (13.35%). In terms of maximum drawdown, ARKB dropped -52.37% vs MSTR's -99.86%.
ARKB currently has the higher Sharpe Ratio (-0.99 vs -1.04), 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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