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 -38.64% vs -67.34% 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 -25.34% return, which is significantly lower than MSTR's -16.72% return.
ARKB
- 1D
- -2.74%
- 1M
- -18.40%
- YTD
- -25.34%
- 6M
- -29.82%
- 1Y
- -38.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTR
- 1D
- -7.01%
- 1M
- -31.15%
- YTD
- -16.72%
- 6M
- -32.83%
- 1Y
- -67.34%
- 3Y*
- 61.19%
- 5Y*
- 21.16%
- 10Y*
- 20.96%
ARKB vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ARKB ARK 21Shares Bitcoin ETF | -25.34% | -6.59% | 99.47% |
MSTR Strategy Inc | -16.72% | -47.53% | 440.15% |
Correlation
The correlation between ARKB and MSTR is 0.86, 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 | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.79 |
The correlation between ARKB and MSTR has been stable across timeframes, ranging from 0.79 to 0.86 - 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.
| ARKB | MSTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.81 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | -0.88 | +0.10 |
| Martin ratioReturn relative to average drawdown | -1.36 | -1.31 | -0.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ARKB | MSTR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.89 | -0.96 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.23 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.12 | +0.18 |
Drawdowns
ARKB vs. MSTR - Drawdown Comparison
The maximum ARKB drawdown since its inception was -49.30%, 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 | -49.30% | -99.86% | +50.56% |
Max Drawdown (1Y)Largest decline over 1 year | -49.30% | -76.53% | +27.23% |
Max Drawdown (3Y)Largest decline over 3 years | — | -77.42% | — |
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 | -48.01% | -73.29% | +25.28% |
Average DrawdownAverage peak-to-trough decline | -15.99% | -86.48% | +70.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.40% | 51.59% | -23.19% |
Volatility
ARKB vs. MSTR - Volatility Comparison
The current volatility for ARK 21Shares Bitcoin ETF (ARKB) is 9.44%, while Strategy Inc (MSTR) has a volatility of 19.43%. 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 | 9.44% | 19.43% | -9.99% |
Volatility (6M)Calculated over the trailing 6-month period | 34.31% | 56.49% | -22.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.54% | 70.30% | -26.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.94% | 90.79% | -40.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.94% | 73.70% | -23.76% |
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 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTR has higher volatility (19.43%) compared to ARKB (9.44%). In terms of maximum drawdown, ARKB dropped -49.30% vs MSTR's -99.86%.
ARKB currently has the higher Sharpe Ratio (-0.89 vs -0.96), 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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