ARKC vs. CONY
Compare and contrast key facts about ARK 21Shares Active On-Chain Bitcoin Strategy ETF (ARKC) and YieldMax COIN Option Income Strategy ETF (CONY).
ARKC and CONY 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. CONY is an actively managed fund by Tidal. It was launched on Aug 14, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKC or CONY.
Key characteristics
| ARKC | CONY | |
|---|---|---|
| YTD Return | 34.63% | -10.94% |
| Daily Std Dev | 47.90% | 54.98% |
| Max Drawdown | -24.29% | -37.72% |
| Current Drawdown | -17.44% | -31.62% |
Correlation
The correlation between ARKC and CONY is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ARKC vs. CONY - Performance Comparison
In the year-to-date period, ARKC achieves a 34.63% return, which is significantly higher than CONY's -10.94% 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. CONY - Expense Ratio Comparison
ARKC has a 0.93% expense ratio, which is lower than CONY's 0.99% expense ratio.
Risk-Adjusted Performance
ARKC vs. CONY - 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 YieldMax COIN Option Income Strategy ETF (CONY). 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. CONY - Dividend Comparison
ARKC's dividend yield for the trailing twelve months is around 1.50%, less than CONY's 165.25% yield.
| TTM | 2023 | |
|---|---|---|
ARKC ARK 21Shares Active On-Chain Bitcoin Strategy ETF | 1.50% | 0.00% |
CONY YieldMax COIN Option Income Strategy ETF | 165.25% | 16.43% |
Drawdowns
ARKC vs. CONY - Drawdown Comparison
The maximum ARKC drawdown since its inception was -24.29%, smaller than the maximum CONY drawdown of -37.72%. Use the drawdown chart below to compare losses from any high point for ARKC and CONY. For additional features, visit the drawdowns tool.
Volatility
ARKC vs. CONY - Volatility Comparison
The current volatility for ARK 21Shares Active On-Chain Bitcoin Strategy ETF (ARKC) is 10.81%, while YieldMax COIN Option Income Strategy ETF (CONY) has a volatility of 15.79%. This indicates that ARKC experiences smaller price fluctuations and is considered to be less risky than CONY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.