ARKD vs. BTC-USD
Compare and contrast key facts about ARK 21Shares Digital Asset and Blockchain Strategy ETF (ARKD) and Bitcoin (BTC-USD).
ARKD is an actively managed fund by ARK. It was launched on Nov 14, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKD or BTC-USD.
Key characteristics
| ARKD | BTC-USD | |
|---|---|---|
| YTD Return | 15.99% | 43.31% |
| Daily Std Dev | 47.20% | 43.12% |
| Max Drawdown | -28.08% | -93.07% |
| Current Drawdown | -20.24% | -17.12% |
Correlation
The correlation between ARKD and BTC-USD is 0.69, 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. BTC-USD - Performance Comparison
In the year-to-date period, ARKD achieves a 15.99% return, which is significantly lower than BTC-USD's 43.31% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
ARKD vs. BTC-USD - 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 Bitcoin (BTC-USD). 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.
Drawdowns
ARKD vs. BTC-USD - Drawdown Comparison
The maximum ARKD drawdown since its inception was -28.08%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for ARKD and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
ARKD vs. BTC-USD - Volatility Comparison
The current volatility for ARK 21Shares Digital Asset and Blockchain Strategy ETF (ARKD) is 10.97%, while Bitcoin (BTC-USD) has a volatility of 14.16%. This indicates that ARKD experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.