ARKB vs. SMH

Last updated Jun 14, 2026

ARKB (ARK 21Shares Bitcoin ETF) and SMH (VanEck Semiconductor ETF) are both exchange-traded funds - ARKB is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while SMH is a Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Both are passively managed. Over the past year, ARKB returned -39.71% vs 141.99% for SMH. At a 0.36 correlation, their price movements are largely independent. ARKB charges 0.21%/yr vs 0.35%/yr for SMH.

Performance

ARKB vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARK 21Shares Bitcoin ETF (ARKB) and VanEck Semiconductor ETF (SMH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARKB achieves a -27.41% return, which is significantly lower than SMH's 72.15% return.

ARKB

• 1D: 0.00%
• 1M: -19.70%
• YTD: -27.41%
• 6M: -29.62%
• 1Y: -39.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMH

• 1D: 1.72%
• 1M: 11.44%
• YTD: 72.15%
• 6M: 75.62%
• 1Y: 141.99%
• 3Y*: 60.05%
• 5Y*: 38.42%
• 10Y*: 37.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ARKB vs. SMH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ARKB ARK 21Shares Bitcoin ETF	-27.41%	-6.59%	86.54%
SMH VanEck Semiconductor ETF	72.15%	49.17%	40.95%

Correlation

The correlation between ARKB and SMH is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.36

Return for Risk

ARKB vs. SMH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARKB

ARKB Risk / Return Rank: 2
ARKB Sharpe Ratio Rank: 2
ARKB Sortino Ratio Rank: 2
ARKB Omega Ratio Rank: 3
ARKB Calmar Ratio Rank: 3
ARKB Martin Ratio Rank: 2

SMH

SMH Risk / Return Rank: 96
SMH Sharpe Ratio Rank: 97
SMH Sortino Ratio Rank: 94
SMH Omega Ratio Rank: 94
SMH Calmar Ratio Rank: 97
SMH Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARKB vs. SMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK 21Shares Bitcoin ETF (ARKB) and VanEck Semiconductor ETF (SMH). 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	SMH	Difference
Sharpe ratio: Return per unit of total volatility	-0.93	4.13	-5.06
Sortino ratio: Return per unit of downside risk	-1.31	4.26	-5.57
Omega ratio: Gain probability vs. loss probability	0.85	1.60	-0.75
Calmar ratio: Return relative to maximum drawdown	-0.78	9.18	-9.97
Martin ratio: Return relative to average drawdown	-1.37	33.74	-35.11

ARKB vs. SMH - Sharpe Ratio Comparison

The current ARKB Sharpe Ratio is -0.93, which is lower than the SMH Sharpe Ratio of 4.13. The chart below compares the historical Sharpe Ratios of ARKB and SMH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ARKB vs. SMH - Drawdown Comparison

The maximum ARKB drawdown since its inception was -52.04%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for ARKB and SMH.

Drawdown Indicators

	ARKB	SMH	Difference
Max Drawdown Largest peak-to-trough decline	-52.04%	-84.96%	+32.92%
Max Drawdown (1Y) Largest decline over 1 year	-52.04%	-14.93%	-37.11%
Max Drawdown (3Y) Largest decline over 3 years	—	-35.74%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-45.30%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.30%	—
Current Drawdown Current decline from peak	-49.45%	-2.81%	-46.64%
Average Drawdown Average peak-to-trough decline	-16.56%	-41.04%	+24.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.60%	4.06%	+25.54%

Volatility

ARKB vs. SMH - Volatility Comparison

The current volatility for ARK 21Shares Bitcoin ETF (ARKB) is 11.97%, while VanEck Semiconductor ETF (SMH) has a volatility of 16.25%. This indicates that ARKB experiences smaller price fluctuations and is considered to be less risky than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARKB	SMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.97%	16.25%	-4.28%
Volatility (6M) Calculated over the trailing 6-month period	34.32%	27.73%	+6.59%
Volatility (1Y) Calculated over the trailing 1-year period	43.91%	33.20%	+10.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.09%	35.47%	+14.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.09%	32.82%	+17.27%

ARKB vs. SMH - Expense Ratio Comparison

ARKB has a 0.21% expense ratio, which is lower than SMH's 0.35% expense ratio.

Dividends

ARKB vs. SMH - Dividend Comparison

ARKB has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.18%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARKB ARK 21Shares Bitcoin ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SMH VanEck Semiconductor ETF	0.18%	0.31%	0.44%	0.60%	1.18%	0.51%	0.69%	1.50%	1.88%	1.43%	0.80%	2.14%

Frequently Asked Questions

Can I hold both ARKB and SMH in my portfolio?

ARKB and SMH have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARKB or SMH?

SMH has higher volatility (16.25%) compared to ARKB (11.97%). In terms of maximum drawdown, ARKB dropped -52.04% vs SMH's -84.96%.

Which ETF is better, ARKB or SMH?

On 1-year performance, SMH leads with 141.99% vs -39.71% for ARKB. On fees, ARKB is cheaper at 0.21% per year. On volatility, ARKB has been the lower-risk option at 11.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ARKB or SMH?

Over the 1-year period, SMH has performed better with a 141.99% return vs -39.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ARKB or SMH?

ARKB is cheaper with a 0.21% expense ratio, compared with 0.35% for SMH.

Which ETF pays a higher dividend yield, ARKB or SMH?

SMH has the higher dividend yield at 0.18%, compared with 0.00% for ARKB.

What is the main difference between ARKB and SMH?

ARKB is categorized as Cryptocurrency, while SMH is Semiconductors. ARKB tracks CME CF Bitcoin Reference Rate - New York Variant, while SMH tracks MVIS US Listed Semiconductor 25 Index. They also come from different issuers: ARK and VanEck. Their fees differ too: 0.21% for ARKB and 0.35% for SMH.

Which has better risk-adjusted returns?

SMH currently has the higher Sharpe Ratio (4.13 vs -0.93), 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.