ARKC vs. BITX
Compare and contrast key facts about ARK 21Shares Active On-Chain Bitcoin Strategy ETF (ARKC) and Volatility Shares 2x Bitcoin Strategy ETF (BITX).
ARKC and BITX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARKC is an actively managed fund by ARK. It was launched on Nov 14, 2023. BITX is an actively managed fund by Volatility Shares. It was launched on Jun 27, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKC or BITX.
Key characteristics
| ARKC | BITX | |
|---|---|---|
| YTD Return | 34.63% | 26.23% |
| Daily Std Dev | 47.90% | 110.68% |
| Max Drawdown | -24.29% | -61.28% |
| Current Drawdown | -17.44% | -51.85% |
Correlation
The correlation between ARKC and BITX is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ARKC vs. BITX - Performance Comparison
In the year-to-date period, ARKC achieves a 34.63% return, which is significantly higher than BITX's 26.23% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ARKC vs. BITX - Expense Ratio Comparison
ARKC has a 0.93% expense ratio, which is lower than BITX's 1.85% expense ratio.
Risk-Adjusted Performance
ARKC vs. BITX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK 21Shares Active On-Chain Bitcoin Strategy ETF (ARKC) and Volatility Shares 2x Bitcoin Strategy ETF (BITX). 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.
Not enough dataDividends
ARKC vs. BITX - Dividend Comparison
ARKC's dividend yield for the trailing twelve months is around 1.50%, less than BITX's 11.91% yield.
Drawdowns
ARKC vs. BITX - Drawdown Comparison
The maximum ARKC drawdown since its inception was -24.29%, smaller than the maximum BITX drawdown of -61.28%. Use the drawdown chart below to compare losses from any high point for ARKC and BITX. For additional features, visit the drawdowns tool.
Volatility
ARKC vs. BITX - Volatility Comparison
The current volatility for ARK 21Shares Active On-Chain Bitcoin Strategy ETF (ARKC) is 10.81%, while Volatility Shares 2x Bitcoin Strategy ETF (BITX) has a volatility of 28.90%. This indicates that ARKC experiences smaller price fluctuations and is considered to be less risky than BITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.