ARKD vs. BITO
ARKD (ARK 21Shares Digital Asset and Blockchain Strategy ETF) and BITO (ProShares Bitcoin Strategy ETF) are both Cryptocurrency funds. Both are actively managed. A 0.62 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
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Returns By Period
ARKD
- 1D
- 1.76%
- 1M
- 2.65%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITO
- 1D
- -2.81%
- 1M
- -22.52%
- YTD
- -28.44%
- 6M
- -32.46%
- 1Y
- -41.98%
- 3Y*
- 26.82%
- 5Y*
- —
- 10Y*
- —
ARKD vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ARKD ARK 21Shares Digital Asset and Blockchain Strategy ETF | -0.32% |
BITO ProShares Bitcoin Strategy ETF | -30.22% |
Correlation
The correlation between ARKD and BITO is 0.62, 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 5, 2026 | 0.62 |
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Return for Risk
ARKD vs. BITO — Risk / Return Rank
ARKD
BITO
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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| ARKD | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.97 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | -0.10 | +0.06 |
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.
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Drawdown Indicators
| ARKD | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.03% | -77.86% | +63.83% |
Max Drawdown (1Y)Largest decline over 1 year | — | -50.64% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -50.64% | — |
Current DrawdownCurrent decline from peak | -2.83% | -50.64% | +47.81% |
Average DrawdownAverage peak-to-trough decline | -6.18% | -36.75% | +30.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 29.27% | — |
Volatility
ARKD vs. BITO - Volatility Comparison
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Volatility by Period
| ARKD | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.03% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 33.71% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.90% | 43.61% | -23.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.90% | 55.10% | -35.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.90% | 55.10% | -35.20% |
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 69.59%.
| 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 | 69.59% | 78.29% | 61.59% | 15.14% |
Frequently Asked Questions
ARKD and BITO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
ARKD is cheaper with a 0.90% expense ratio, compared with 0.95% for BITO.
BITO has the higher dividend yield at 69.59%, compared with 0.00% for ARKD.
They also come from different issuers: ARK and ProShares. Their fees differ too: 0.90% for ARKD and 0.95% for BITO.
Find the right allocation for ARKD and BITO
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