ARKD vs. BITQ
Compare and contrast key facts about ARK 21Shares Digital Asset and Blockchain Strategy ETF (ARKD) and Bitwise Crypto Industry Innovators ETF (BITQ).
ARKD and BITQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARKD is an actively managed fund by ARK. It was launched on Nov 14, 2023. BITQ is a passively managed fund by Exchange Traded Concepts that tracks the performance of the Bitwise Crypto Innovators 30 Total Return. It was launched on May 11, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKD or BITQ.
Correlation
The correlation between ARKD and BITQ is 0.55, 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
ARKD vs. BITQ - Performance Comparison
Key characteristics
ARKD:
0.14
BITQ:
0.31
ARKD:
0.58
BITQ:
0.95
ARKD:
1.07
BITQ:
1.11
ARKD:
0.17
BITQ:
0.31
ARKD:
0.44
BITQ:
0.97
ARKD:
16.47%
BITQ:
21.66%
ARKD:
50.89%
BITQ:
67.63%
ARKD:
-42.97%
BITQ:
-90.32%
ARKD:
-27.36%
BITQ:
-56.60%
Returns By Period
In the year-to-date period, ARKD achieves a -14.57% return, which is significantly higher than BITQ's -16.70% return.
ARKD
-14.57%
3.28%
6.76%
10.41%
N/A
N/A
BITQ
-16.70%
3.15%
-6.89%
24.58%
N/A
N/A
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ARKD vs. BITQ - Expense Ratio Comparison
ARKD has a 0.90% expense ratio, which is higher than BITQ's 0.85% expense ratio.
Risk-Adjusted Performance
ARKD vs. BITQ — Risk-Adjusted Performance Rank
ARKD
BITQ
ARKD vs. BITQ - Risk-Adjusted Performance 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.
Dividends
ARKD vs. BITQ - Dividend Comparison
ARKD's dividend yield for the trailing twelve months is around 14.46%, more than BITQ's 1.08% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
ARKD ARK 21Shares Digital Asset and Blockchain Strategy ETF | 14.46% | 12.52% | 0.00% | 0.00% | 0.00% |
BITQ Bitwise Crypto Industry Innovators ETF | 1.08% | 0.90% | 1.51% | 0.00% | 3.12% |
Drawdowns
ARKD vs. BITQ - Drawdown Comparison
The maximum ARKD drawdown since its inception was -42.97%, 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. For additional features, visit the drawdowns tool.
Volatility
ARKD vs. BITQ - Volatility Comparison
The current volatility for ARK 21Shares Digital Asset and Blockchain Strategy ETF (ARKD) is 19.72%, while Bitwise Crypto Industry Innovators ETF (BITQ) has a volatility of 24.01%. This indicates that ARKD experiences smaller price fluctuations and is considered to be less risky than BITQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.