ARKD vs. SETH

Last updated Apr 2, 2026

Compare and contrast key facts about ARK 21Shares Digital Asset and Blockchain Strategy ETF (ARKD) and ProShares Short Ether Strategy ETF (SETH).

ARKD and SETH 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. SETH is a passively managed fund by ProShares that tracks the performance of the Bloomberg Galaxy Ethereum (--100%). It was launched on Nov 1, 2023.

Performance

ARKD vs. SETH - 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 ProShares Short Ether Strategy ETF (SETH). The values are adjusted to include any dividend payments, if applicable.

ARKD vs. SETH - Yearly Performance Comparison

	2026 (YTD)
ARKD ARK 21Shares Digital Asset and Blockchain Strategy ETF	-8.11%
SETH ProShares Short Ether Strategy ETF	27.20%

Returns By Period

ARKD

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

SETH

• 1D: -2.21%
• 1M: -7.87%
• YTD: 20.65%
• 6M: 57.31%
• 1Y: -45.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ARKD vs. SETH - Expense Ratio Comparison

ARKD has a 0.90% expense ratio, which is lower than SETH's 0.95% expense ratio.

SETH

ProShares Short Ether Strategy ETF

ARKD

ARK 21Shares Digital Asset and Blockchain Strategy ETF

Return for Risk

ARKD vs. SETH — Risk / Return Rank

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

SETH

SETH Risk / Return Rank: 4
SETH Sharpe Ratio Rank: 3
SETH Sortino Ratio Rank: 4
SETH Omega Ratio Rank: 4
SETH Calmar Ratio Rank: 2
SETH Martin Ratio Rank: 6

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. SETH - 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 Short Ether Strategy ETF (SETH). 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	SETH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.42	-0.52	-0.90

Correlation

The correlation between ARKD and SETH is -0.71. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

ARKD vs. SETH - Dividend Comparison

ARKD has not paid dividends to shareholders, while SETH's dividend yield for the trailing twelve months is around 11.38%.

	TTM	2025	2024	2023
ARKD ARK 21Shares Digital Asset and Blockchain Strategy ETF	0.00%	0.00%	0.00%	0.00%
SETH ProShares Short Ether Strategy ETF	11.38%	7.01%	3.44%	0.38%

Drawdowns

ARKD vs. SETH - Drawdown Comparison

The maximum ARKD drawdown since its inception was -14.03%, smaller than the maximum SETH drawdown of -80.74%. Use the drawdown chart below to compare losses from any high point for ARKD and SETH.

Drawdown Indicators

	ARKD	SETH	Difference
Max Drawdown Largest peak-to-trough decline	-14.03%	-80.74%	+66.71%
Max Drawdown (1Y) Largest decline over 1 year	—	-75.02%	—
Current Drawdown Current decline from peak	-10.43%	-66.86%	+56.43%
Average Drawdown Average peak-to-trough decline	-6.73%	-53.84%	+47.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	59.01%	—

Volatility

Volatility by Period

	ARKD	SETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	19.86%	—
Volatility (6M) Calculated over the trailing 6-month period	—	53.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.96%	76.09%	-55.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.96%	71.15%	-50.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.96%	71.15%	-50.19%