ARKD vs. BITQ

Last updated Apr 2, 2026

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.

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.

ARKD vs. BITQ - Yearly Performance Comparison

	2026 (YTD)
ARKD ARK 21Shares Digital Asset and Blockchain Strategy ETF	-8.11%
BITQ Bitwise Crypto Industry Innovators ETF	-11.72%

Returns By Period

ARKD

• 1D: 1.22%
• 1M: -3.67%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITQ

• 1D: -0.58%
• 1M: -8.31%
• YTD: -5.92%
• 6M: -26.36%
• 1Y: 47.29%
• 3Y*: 48.40%
• 5Y*: —
• 10Y*: —

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

ARKD vs. BITQ - Expense Ratio Comparison

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

ARKD

ARK 21Shares Digital Asset and Blockchain Strategy ETF

BITQ

Bitwise Crypto Industry Innovators ETF

Return for Risk

ARKD vs. BITQ — Risk / Return Rank

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

BITQ

BITQ Risk / Return Rank: 42
BITQ Sharpe Ratio Rank: 41
BITQ Sortino Ratio Rank: 53
BITQ Omega Ratio Rank: 40
BITQ Calmar Ratio Rank: 45
BITQ Martin Ratio Rank: 31

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. 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.

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

Sharpe Ratios by Period

	ARKD	BITQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.42	-0.05	-1.37

Correlation

The correlation between ARKD and BITQ is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ARKD vs. BITQ - Dividend Comparison

Neither ARKD nor BITQ has paid dividends to shareholders.

	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%

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%	—
Current Drawdown Current decline from peak	-10.43%	-42.16%	+31.73%
Average Drawdown Average peak-to-trough decline	-6.73%	-53.86%	+47.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	19.87%	—

Volatility

Volatility by Period

	ARKD	BITQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.63%	—
Volatility (6M) Calculated over the trailing 6-month period	—	45.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.96%	58.97%	-38.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.96%	67.77%	-46.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.96%	67.77%	-46.81%