ARKK vs. ARKD

Last updated Jun 5, 2026

ARKK (ARK Innovation ETF) and ARKD (ARK 21Shares Digital Asset and Blockchain Strategy ETF) are both exchange-traded funds - ARKK is a Technology Equities fund actively managed by ARK, while ARKD is a Cryptocurrency fund actively managed by ARK. Both are actively managed. With a 0.98 correlation, they move nearly in lockstep. ARKK charges 0.75%/yr vs 0.90%/yr for ARKD.

Performance

ARKK vs. ARKD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARK Innovation ETF (ARKK) and ARK 21Shares Digital Asset and Blockchain Strategy ETF (ARKD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ARKK

• 1D: 2.44%
• 1M: 4.56%
• YTD: 4.10%
• 6M: -3.12%
• 1Y: 38.10%
• 3Y*: 24.28%
• 5Y*: -5.81%
• 10Y*: 15.82%

ARKD

• 1D: 1.76%
• 1M: 2.65%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ARKK vs. ARKD - Yearly Performance Comparison

	2026 (YTD)
ARKK ARK Innovation ETF	2.25%
ARKD ARK 21Shares Digital Asset and Blockchain Strategy ETF	-0.32%

Correlation

The correlation between ARKK and ARKD is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 5, 2026	0.98

Return for Risk

ARKK vs. ARKD — Risk / Return Rank

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

ARKK

ARKK Risk / Return Rank: 28
ARKK Sharpe Ratio Rank: 30
ARKK Sortino Ratio Rank: 31
ARKK Omega Ratio Rank: 28
ARKK Calmar Ratio Rank: 26
ARKK Martin Ratio Rank: 22

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.

ARKK vs. ARKD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK Innovation ETF (ARKK) and ARK 21Shares Digital Asset and Blockchain Strategy ETF (ARKD). 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.

	ARKK	ARKD	Difference
Sharpe ratio: Return per unit of total volatility	1.05	—	—
Sortino ratio: Return per unit of downside risk	1.61	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.22	—	—
Martin ratio: Return relative to average drawdown	2.71	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ARKK	ARKD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.13	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	-0.04	+0.39

Drawdowns

ARKK vs. ARKD - Drawdown Comparison

The maximum ARKK drawdown since its inception was -80.97%, which is greater than ARKD's maximum drawdown of -14.03%. Use the drawdown chart below to compare losses from any high point for ARKK and ARKD.

Drawdown Indicators

	ARKK	ARKD	Difference
Max Drawdown Largest peak-to-trough decline	-80.97%	-14.03%	-66.94%
Max Drawdown (1Y) Largest decline over 1 year	-31.35%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-39.56%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-77.23%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-80.97%	—	—
Current Drawdown Current decline from peak	-48.15%	-2.83%	-45.32%
Average Drawdown Average peak-to-trough decline	-30.13%	-6.18%	-23.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.09%	—	—

Volatility

Volatility by Period

	ARKK	ARKD	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	25.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	36.42%	19.90%	+16.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.29%	19.90%	+26.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.26%	19.90%	+20.36%

ARKK vs. ARKD - Expense Ratio Comparison

ARKK has a 0.75% expense ratio, which is lower than ARKD's 0.90% expense ratio.

Dividends

ARKK vs. ARKD - Dividend Comparison

Neither ARKK nor ARKD has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARKD ARK 21Shares Digital Asset and Blockchain Strategy ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ARKK ARK Innovation ETF	0.00%	0.00%	0.00%	0.70%	0.00%	0.55%	1.64%	0.38%	3.14%	1.32%	0.00%	2.27%

Frequently Asked Questions

Can I hold both ARKK and ARKD in my portfolio?

With a correlation of 0.98, ARKK and ARKD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, ARKK or ARKD?

On fees, ARKK is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ARKK or ARKD?

ARKK is cheaper with a 0.75% expense ratio, compared with 0.90% for ARKD.

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

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

What is the main difference between ARKK and ARKD?

ARKK is categorized as Technology Equities, while ARKD is Cryptocurrency. Their fees differ too: 0.75% for ARKK and 0.90% for ARKD.