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 -44.32% vs -77.96% for MSTR. A 0.78 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 -25.79% return, which is significantly higher than MSTR's -35.85% return.
ARKB
- 1D
- 0.61%
- 1M
- -2.44%
- 6M
- -33.61%
- YTD
- -25.79%
- 1Y
- -44.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTR
- 1D
- -0.11%
- 1M
- -25.67%
- 6M
- -45.65%
- YTD
- -35.85%
- 1Y
- -77.96%
- 3Y*
- 28.55%
- 5Y*
- 13.26%
- 10Y*
- 17.94%
ARKB vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ARKB ARK 21Shares Bitcoin ETF | -25.79% | -6.59% | 86.54% |
MSTR Strategy Inc | -35.85% | -47.53% | 411.99% |
Correlation
The correlation between ARKB and MSTR is 0.84, 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 | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.78 |
The correlation between ARKB and MSTR has been stable across timeframes, ranging from 0.78 to 0.84 - 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 | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.76 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | -0.95 | +0.12 |
| Martin ratioReturn relative to average drawdown | -1.35 | -1.35 | +0.01 |
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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% | -81.95% | +28.62% |
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 | -48.32% | -79.43% | +31.11% |
Average DrawdownAverage peak-to-trough decline | -17.69% | -86.43% | +68.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.96% | 57.60% | -24.64% |
Volatility
ARKB vs. MSTR - Volatility Comparison
The current volatility for ARK 21Shares Bitcoin ETF (ARKB) is 11.73%, while Strategy Inc (MSTR) has a volatility of 26.83%. 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 | 11.73% | 26.83% | -15.10% |
Volatility (6M)Calculated over the trailing 6-month period | 34.86% | 61.02% | -26.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.29% | 74.30% | -30.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.78% | 90.79% | -41.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.78% | 74.25% | -24.47% |
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 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTR has higher volatility (26.83%) compared to ARKB (11.73%). In terms of maximum drawdown, ARKB dropped -53.33% vs MSTR's -99.86%.
ARKB currently has the higher Sharpe Ratio (-1.01 vs -1.05), 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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