ARKB vs. WGMI
ARKB (ARK 21Shares Bitcoin ETF ) and WGMI (Valkyrie Bitcoin Miners ETF) are both Cryptocurrency funds. ARKB is passively managed, while WGMI is actively managed. Over the past year, ARKB returned -39.62% vs 261.44% for WGMI. A 0.62 correlation means they provide meaningful diversification when combined. ARKB charges 0.21%/yr vs 0.75%/yr for WGMI.
Performance
ARKB vs. WGMI - Performance Comparison
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Returns By Period
In the year-to-date period, ARKB achieves a -27.41% return, which is significantly lower than WGMI's 81.24% return.
ARKB
- 1D
- -2.77%
- 1M
- -22.21%
- YTD
- -27.41%
- 6M
- -31.40%
- 1Y
- -39.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WGMI
- 1D
- -1.92%
- 1M
- 25.79%
- YTD
- 81.24%
- 6M
- 46.67%
- 1Y
- 261.44%
- 3Y*
- 88.52%
- 5Y*
- —
- 10Y*
- —
ARKB vs. WGMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ARKB ARK 21Shares Bitcoin ETF | -27.41% | -6.59% | 99.47% |
WGMI Valkyrie Bitcoin Miners ETF | 81.24% | 72.47% | 41.23% |
Correlation
The correlation between ARKB and WGMI is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.62 |
The correlation between ARKB and WGMI has been stable across timeframes, ranging from 0.56 to 0.62 - a consistent structural relationship.
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Return for Risk
ARKB vs. WGMI — Risk / Return Rank
ARKB
WGMI
ARKB vs. WGMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK 21Shares Bitcoin ETF (ARKB) and Valkyrie Bitcoin Miners ETF (WGMI). 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 | WGMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.39 | ||
| Sortino ratioReturn per unit of downside risk | -4.57 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.40 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 5.17 | -5.97 |
| Martin ratioReturn relative to average drawdown | -1.39 | 10.48 | -11.87 |
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 | WGMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.91 | 3.48 | -4.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.30 | -0.03 |
Drawdowns
ARKB vs. WGMI - Drawdown Comparison
The maximum ARKB drawdown since its inception was -49.45%, smaller than the maximum WGMI drawdown of -85.76%. Use the drawdown chart below to compare losses from any high point for ARKB and WGMI.
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Drawdown Indicators
| ARKB | WGMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.45% | -85.76% | +36.31% |
Max Drawdown (1Y)Largest decline over 1 year | -49.45% | -50.94% | +1.49% |
Max Drawdown (3Y)Largest decline over 3 years | — | -62.79% | — |
Current DrawdownCurrent decline from peak | -49.45% | -3.01% | -46.44% |
Average DrawdownAverage peak-to-trough decline | -16.04% | -42.86% | +26.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.57% | 25.08% | +3.49% |
Volatility
ARKB vs. WGMI - Volatility Comparison
The current volatility for ARK 21Shares Bitcoin ETF (ARKB) is 9.08%, while Valkyrie Bitcoin Miners ETF (WGMI) has a volatility of 18.90%. This indicates that ARKB experiences smaller price fluctuations and is considered to be less risky than WGMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARKB | WGMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.08% | 18.90% | -9.82% |
Volatility (6M)Calculated over the trailing 6-month period | 33.76% | 55.08% | -21.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.58% | 75.99% | -32.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.93% | 81.50% | -31.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.93% | 81.50% | -31.57% |
ARKB vs. WGMI - Expense Ratio Comparison
ARKB has a 0.21% expense ratio, which is lower than WGMI's 0.75% expense ratio.
Dividends
ARKB vs. WGMI - Dividend Comparison
Neither ARKB nor WGMI has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ARKB ARK 21Shares Bitcoin ETF | 0.00% | 0.00% | 0.00% | 0.00% |
WGMI Valkyrie Bitcoin Miners ETF | 0.00% | 0.00% | 0.22% | 0.31% |
Frequently Asked Questions
ARKB and WGMI have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WGMI has higher volatility (18.90%) compared to ARKB (9.08%). In terms of maximum drawdown, ARKB dropped -49.45% vs WGMI's -85.76%.
On 1-year performance, WGMI leads with 261.44% vs -39.62% for ARKB. On fees, ARKB is cheaper at 0.21% per year. On volatility, ARKB has been the lower-risk option at 9.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, WGMI has performed better with a 261.44% return vs -39.62%. 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 0.75% for WGMI.
ARKB and WGMI have nearly identical dividend yields, around 0.00%.
They also come from different issuers: ARK and Valkyrie. Their fees differ too: 0.21% for ARKB and 0.75% for WGMI.
WGMI currently has the higher Sharpe Ratio (3.48 vs -0.91), 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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