ARKD vs. BITQ

Last updated Aug 2, 2026

ARKD (ARK 21Shares Digital Asset and Blockchain Strategy ETF) and BITQ (Bitwise Crypto Industry Innovators ETF) are both exchange-traded funds - ARKD is a Cryptocurrency fund actively managed by ARK, while BITQ is a Blockchain fund tracking the Bitwise Crypto Innovators 30 Index. ARKD is actively managed, while BITQ is passively managed. Their 0.78 correlation means they have sometimes moved together and sometimes differently. ARKD charges 0.90%/yr vs 0.85%/yr for BITQ.

Performance

ARKD vs. BITQ - 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 Bitwise Crypto Industry Innovators ETF (BITQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ARKD

• 1D: -0.97%
• 1M: -6.50%
• 6M: -2.80%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BITQ

• 1D: -3.47%
• 1M: -4.20%
• 6M: 7.60%
• YTD: 14.35%
• 1Y: 20.58%
• 3Y*: 33.54%
• 5Y*: 1.06%
• 10Y*: —
• ALL TIME*: -0.45%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ARKD ARK 21Shares Digital Asset and Blockchain Strategy ETF	$6.37K	$5.10K	$4.91K
BITQ Bitwise Crypto Industry Innovators ETF	$2.41M	$2.10M	$3.18M

ARKD vs. BITQ - Yearly Performance Comparison

	2026 (YTD)
ARKD ARK 21Shares Digital Asset and Blockchain Strategy ETF	-5.86%
BITQ Bitwise Crypto Industry Innovators ETF	14.35%

Correlation

The correlation between ARKD and BITQ is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 2, 2026	0.78

Return for Risk

ARKD vs. BITQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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.

BITQ

BITQ Risk / Return Rank: 17
BITQ Sharpe Ratio Rank: 15
BITQ Sortino Ratio Rank: 20
BITQ Omega Ratio Rank: 19
BITQ Calmar Ratio Rank: 15
BITQ Martin Ratio Rank: 15

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ARKD vs. BITQ - 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 Bitwise Crypto Industry Innovators ETF (BITQ). 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	BITQ	Difference
Sharpe ratio: Return per unit of total volatility	—	0.20	—
Sortino ratio: Return per unit of downside risk	—	0.71	—
Omega ratio: Gain probability vs. loss probability	—	1.08	—
Calmar ratio: Return relative to maximum drawdown	—	0.26	—
Martin ratio: Return relative to average drawdown	—	0.53	—

Drawdowns

ARKD vs. BITQ - Drawdown Comparison

The maximum ARKD drawdown since its inception was -14.03%, smaller than the maximum BITQ drawdown of -90.32%. Use the drawdown chart below to compare losses from any high point for ARKD and BITQ.

Drawdown Indicators

	ARKD	BITQ	Difference
Max Drawdown Largest peak-to-trough decline	-14.03%	-90.32%	+76.29%
Max Drawdown (1Y) Largest decline over 1 year	—	-44.99%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-51.22%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.32%	—
Current Drawdown Current decline from peak	-8.96%	-29.70%	+20.74%
Average Drawdown Average peak-to-trough decline	-5.86%	-51.99%	+46.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	22.41%	—

Volatility

Volatility by Period

	ARKD	BITQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	19.68%	—
Volatility (6M) Calculated over the trailing 6-month period	—	44.50%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.99%	59.30%	-39.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.99%	67.22%	-47.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.99%	67.16%	-47.17%

ARKD vs. BITQ - Expense Ratio Comparison

ARKD has a 0.90% expense ratio, which is higher than BITQ's 0.85% expense ratio.

Dividends

ARKD vs. BITQ - Dividend Comparison

Neither ARKD nor BITQ has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
ARKD ARK 21Shares Digital Asset and Blockchain Strategy ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BITQ Bitwise Crypto Industry Innovators ETF	0.00%	0.00%	0.90%	1.51%	0.00%	3.12%

Frequently Asked Questions

Can I hold both ARKD and BITQ in my portfolio?

ARKD and BITQ have a correlation of 0.78, 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 BITQ?

On fees, BITQ is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ARKD or BITQ?

BITQ is cheaper with a 0.85% expense ratio, compared with 0.90% for ARKD.

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

ARKD and BITQ have nearly identical dividend yields, around 0.00%.

What is the main difference between ARKD and BITQ?

ARKD is categorized as Cryptocurrency, while BITQ is Blockchain. They also come from different issuers: ARK and Bitwise. Their fees differ too: 0.90% for ARKD and 0.85% for BITQ.