ARKD vs. BITO

Last updated Jul 12, 2026

ARKD (ARK 21Shares Digital Asset and Blockchain Strategy ETF) and BITO (ProShares Bitcoin Strategy ETF) are both Cryptocurrency funds. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined. ARKD charges 0.90%/yr vs 0.95%/yr for BITO.

Performance

ARKD vs. BITO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARK 21Shares Digital Asset and Blockchain Strategy ETF (ARKD) and ProShares Bitcoin Strategy ETF (BITO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ARKD

• 1D: -0.72%
• 1M: 3.05%
• 6M: -1.50%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITO

• 1D: 1.17%
• 1M: 0.36%
• 6M: -30.25%
• YTD: -28.18%
• 1Y: -47.98%
• 3Y*: 19.76%
• 5Y*: —
• 10Y*: —

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

ARKD vs. BITO - Yearly Performance Comparison

	2026 (YTD)
ARKD ARK 21Shares Digital Asset and Blockchain Strategy ETF	0.21%
BITO ProShares Bitcoin Strategy ETF	-28.18%

Correlation

The correlation between ARKD and BITO is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 2, 2026	0.59

Return for Risk

ARKD vs. BITO — Risk / Return Rank

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

ARKD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BITO

BITO Risk / Return Rank: 2
BITO Sharpe Ratio Rank: 1
BITO Sortino Ratio Rank: 1
BITO Omega Ratio Rank: 2
BITO Calmar Ratio Rank: 2
BITO Martin Ratio Rank: 2

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.

ARKD vs. BITO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK 21Shares Digital Asset and Blockchain Strategy ETF (ARKD) and ProShares Bitcoin Strategy ETF (BITO). 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.

	ARKD	BITO	Difference
Sharpe ratio: Return per unit of total volatility	—	-1.04	—
Sortino ratio: Return per unit of downside risk	—	-1.57	—
Omega ratio: Gain probability vs. loss probability	—	0.83	—
Calmar ratio: Return relative to maximum drawdown	—	-0.84	—
Martin ratio: Return relative to average drawdown	—	-1.38	—

Drawdowns

ARKD vs. BITO - Drawdown Comparison

The maximum ARKD drawdown since its inception was -14.03%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for ARKD and BITO.

Drawdown Indicators

	ARKD	BITO	Difference
Max Drawdown Largest peak-to-trough decline	-14.03%	-77.86%	+63.83%
Max Drawdown (1Y) Largest decline over 1 year	—	-54.47%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-54.47%	—
Current Drawdown Current decline from peak	-3.08%	-50.47%	+47.39%
Average Drawdown Average peak-to-trough decline	-5.76%	-37.02%	+31.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	33.31%	—

Volatility

Volatility by Period

	ARKD	BITO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.15%	44.21%	-24.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.15%	54.85%	-34.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.15%	54.85%	-34.70%

ARKD vs. BITO - Expense Ratio Comparison

ARKD has a 0.90% expense ratio, which is lower than BITO's 0.95% expense ratio.

Dividends

ARKD vs. BITO - Dividend Comparison

ARKD has not paid dividends to shareholders, while BITO's dividend yield for the trailing twelve months is around 60.59%.

Position	TTM	2025	2024	2023
ARKD ARK 21Shares Digital Asset and Blockchain Strategy ETF	0.00%	0.00%	0.00%	0.00%
BITO ProShares Bitcoin Strategy ETF	60.59%	78.29%	61.59%	15.14%

Frequently Asked Questions

Can I hold both ARKD and BITO in my portfolio?

ARKD and BITO have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ARKD or BITO?

On fees, ARKD is cheaper at 0.90% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ARKD or BITO?

ARKD is cheaper with a 0.90% expense ratio, compared with 0.95% for BITO.

Which ETF pays a higher dividend yield, ARKD or BITO?

BITO has the higher dividend yield at 60.59%, compared with 0.00% for ARKD.

What is the main difference between ARKD and BITO?

They also come from different issuers: ARK and ProShares. Their fees differ too: 0.90% for ARKD and 0.95% for BITO.