ARKB vs. SPLV
ARKB (ARK 21Shares Bitcoin ETF) and SPLV (Invesco S&P 500 Low Volatility ETF) are both exchange-traded funds - ARKB is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while SPLV is a S&P 500 fund tracking the S&P 500 Low Volatility Index. Both are passively managed. Over the past year, ARKB returned -36.82% vs 4.71% for SPLV. At a 0.09 correlation, their price movements are largely independent. ARKB charges 0.21%/yr vs 0.25%/yr for SPLV.
Performance
ARKB vs. SPLV - Performance Comparison
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Returns By Period
In the year-to-date period, ARKB achieves a -23.93% return, which is significantly lower than SPLV's 4.85% return.
ARKB
- 1D
- 4.79%
- 1M
- -15.85%
- YTD
- -23.93%
- 6M
- -22.44%
- 1Y
- -36.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPLV
- 1D
- -0.36%
- 1M
- 2.76%
- YTD
- 4.85%
- 6M
- 4.17%
- 1Y
- 4.71%
- 3Y*
- 8.01%
- 5Y*
- 6.29%
- 10Y*
- 8.33%
ARKB vs. SPLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ARKB ARK 21Shares Bitcoin ETF | -23.93% | -6.59% | 86.54% |
SPLV Invesco S&P 500 Low Volatility ETF | 4.85% | 4.10% | 12.94% |
Correlation
The correlation between ARKB and SPLV is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.09 |
The correlation between ARKB and SPLV shifts across timeframes, from -0.02 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ARKB vs. SPLV — Risk / Return Rank
ARKB
SPLV
ARKB vs. SPLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK 21Shares Bitcoin ETF (ARKB) and Invesco S&P 500 Low Volatility ETF (SPLV). 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 | SPLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.08 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 0.64 | -1.35 |
| Martin ratioReturn relative to average drawdown | -1.24 | 1.50 | -2.74 |
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Drawdowns
ARKB vs. SPLV - Drawdown Comparison
The maximum ARKB drawdown since its inception was -52.04%, which is greater than SPLV's maximum drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for ARKB and SPLV.
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Drawdown Indicators
| ARKB | SPLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.04% | -36.26% | -15.78% |
Max Drawdown (1Y)Largest decline over 1 year | -52.04% | -7.41% | -44.63% |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.64% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.26% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.26% | — |
Current DrawdownCurrent decline from peak | -47.03% | -3.66% | -43.37% |
Average DrawdownAverage peak-to-trough decline | -16.61% | -3.55% | -13.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.75% | 3.15% | +26.60% |
Volatility
ARKB vs. SPLV - Volatility Comparison
ARK 21Shares Bitcoin ETF (ARKB) has a higher volatility of 12.88% compared to Invesco S&P 500 Low Volatility ETF (SPLV) at 4.03%. This indicates that ARKB's price experiences larger fluctuations and is considered to be riskier than SPLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARKB | SPLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.88% | 4.03% | +8.85% |
Volatility (6M)Calculated over the trailing 6-month period | 34.67% | 7.20% | +27.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.23% | 10.08% | +34.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.14% | 12.51% | +37.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.14% | 15.38% | +34.76% |
ARKB vs. SPLV - Expense Ratio Comparison
ARKB has a 0.21% expense ratio, which is lower than SPLV's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ARKB vs. SPLV - Dividend Comparison
ARKB has not paid dividends to shareholders, while SPLV's dividend yield for the trailing twelve months is around 2.15%.
| 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% |
SPLV Invesco S&P 500 Low Volatility ETF | 2.15% | 2.04% | 1.88% | 2.45% | 2.11% | 1.51% | 2.12% | 2.08% | 2.18% | 2.03% | 2.03% | 2.28% |
Frequently Asked Questions
ARKB and SPLV have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARKB has higher volatility (12.88%) compared to SPLV (4.03%). In terms of maximum drawdown, ARKB dropped -52.04% vs SPLV's -36.26%.
On 1-year performance, SPLV leads with 4.71% vs -36.82% for ARKB. On fees, ARKB is cheaper at 0.21% per year. On volatility, SPLV has been the lower-risk option at 4.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SPLV has performed better with a 4.71% return vs -36.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ARKB is cheaper with a 0.21% expense ratio, compared with 0.25% for SPLV.
SPLV has the higher dividend yield at 2.15%, compared with 0.00% for ARKB.
ARKB is categorized as Cryptocurrency, while SPLV is S&P 500. ARKB tracks CME CF Bitcoin Reference Rate - New York Variant, while SPLV tracks S&P 500 Low Volatility Index. They also come from different issuers: ARK and Invesco. Their fees differ too: 0.21% for ARKB and 0.25% for SPLV.
SPLV currently has the higher Sharpe Ratio (0.47 vs -0.84), 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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