ARKM-USD vs. ARKX

Last updated Jun 26, 2026

ARKM-USD (Arkham) is a cryptocurrency, while ARKX (ARK Space Exploration & Innovation ETF) is Aerospace & Defense fund actively managed by ARK. Over the past year, ARKM-USD returned -74.04% vs 40.43% for ARKX. At a 0.22 correlation, their price movements are largely independent.

Performance

ARKM-USD vs. ARKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arkham (ARKM-USD) and ARK Space Exploration & Innovation ETF (ARKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARKM-USD achieves a -34.29% return, which is significantly lower than ARKX's 10.14% return.

ARKM-USD

• 1D: -3.36%
• 1M: -24.84%
• YTD: -34.29%
• 6M: -35.03%
• 1Y: -74.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARKX

• 1D: -0.81%
• 1M: -12.09%
• YTD: 10.14%
• 6M: 6.26%
• 1Y: 40.43%
• 3Y*: 30.83%
• 5Y*: 8.59%
• 10Y*: —

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

ARKM-USD vs. ARKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ARKM-USD Arkham	-34.29%	-87.37%	136.81%	-21.72%
ARKX ARK Space Exploration & Innovation ETF	10.14%	48.46%	26.67%	-0.45%

Correlation

The correlation between ARKM-USD and ARKX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (All Time) Calculated using the full available price history since Jul 18, 2023	0.22

Return for Risk

ARKM-USD vs. ARKX — Risk / Return Rank

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

ARKM-USD

ARKM-USD Risk / Return Rank: 46
ARKM-USD Sharpe Ratio Rank: 50
ARKM-USD Sortino Ratio Rank: 49
ARKM-USD Omega Ratio Rank: 48
ARKM-USD Calmar Ratio Rank: 35
ARKM-USD Martin Ratio Rank: 48

ARKX

ARKX Risk / Return Rank: 38
ARKX Sharpe Ratio Rank: 37
ARKX Sortino Ratio Rank: 37
ARKX Omega Ratio Rank: 33
ARKX Calmar Ratio Rank: 45
ARKX Martin Ratio Rank: 37

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.

ARKM-USD vs. ARKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arkham (ARKM-USD) and ARK Space Exploration & Innovation ETF (ARKX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ARKM-USD	ARKX	Difference
Sharpe ratio: Return per unit of total volatility	-0.70	1.20	-1.90
Sortino ratio: Return per unit of downside risk	-0.99	1.75	-2.74
Omega ratio: Gain probability vs. loss probability	0.90	1.20	-0.30
Calmar ratio: Return relative to maximum drawdown	-0.86	1.99	-2.85
Martin ratio: Return relative to average drawdown	-1.17	5.07	-6.24

ARKM-USD vs. ARKX - Sharpe Ratio Comparison

The current ARKM-USD Sharpe Ratio is -0.70, which is lower than the ARKX Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of ARKM-USD and ARKX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ARKM-USD vs. ARKX - Drawdown Comparison

The maximum ARKM-USD drawdown since its inception was -97.63%, which is greater than ARKX's maximum drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for ARKM-USD and ARKX.

Drawdown Indicators

	ARKM-USD	ARKX	Difference
Max Drawdown Largest peak-to-trough decline	-97.63%	-43.61%	-54.02%
Max Drawdown (1Y) Largest decline over 1 year	-85.89%	-20.42%	-65.47%
Max Drawdown (3Y) Largest decline over 3 years	—	-25.47%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-43.61%	—
Current Drawdown Current decline from peak	-97.10%	-15.42%	-81.68%
Average Drawdown Average peak-to-trough decline	-67.49%	-19.86%	-47.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	58.10%	7.99%	+50.11%

Volatility

ARKM-USD vs. ARKX - Volatility Comparison

Arkham (ARKM-USD) has a higher volatility of 31.06% compared to ARK Space Exploration & Innovation ETF (ARKX) at 12.46%. This indicates that ARKM-USD's price experiences larger fluctuations and is considered to be riskier than ARKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARKM-USD	ARKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.06%	12.46%	+18.60%
Volatility (6M) Calculated over the trailing 6-month period	69.37%	26.17%	+43.20%
Volatility (1Y) Calculated over the trailing 1-year period	88.26%	33.92%	+54.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	103.74%	28.16%	+75.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	103.74%	27.70%	+76.04%

Frequently Asked Questions

Can I hold both ARKM-USD and ARKX in my portfolio?

ARKM-USD and ARKX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARKM-USD or ARKX?

ARKM-USD has higher volatility (31.06%) compared to ARKX (12.46%). In terms of maximum drawdown, ARKM-USD dropped -97.63% vs ARKX's -43.61%.

Which has better risk-adjusted returns?

ARKX currently has the higher Sharpe Ratio (1.20 vs -0.70), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.