ARKM-USD vs. MSTY

Last updated Jun 4, 2026

ARKM-USD (Arkham) is a cryptocurrency, while MSTY (YieldMax™ MSTR Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax. Over the past year, ARKM-USD returned -74.88% vs -61.25% for MSTY. At a 0.38 correlation, their price movements are largely independent.

Performance

ARKM-USD vs. MSTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arkham (ARKM-USD) and YieldMax™ MSTR Option Income Strategy ETF (MSTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARKM-USD achieves a -20.77% return, which is significantly lower than MSTY's -14.73% return.

ARKM-USD

• 1D: 5.13%
• 1M: 18.51%
• YTD: -20.77%
• 6M: -42.23%
• 1Y: -74.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTY

• 1D: -6.76%
• 1M: -28.46%
• YTD: -14.73%
• 6M: -26.86%
• 1Y: -61.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ARKM-USD vs. MSTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ARKM-USD Arkham	-20.77%	-87.37%	-0.66%
MSTY YieldMax™ MSTR Option Income Strategy ETF	-14.73%	-42.71%	200.20%

Correlation

The correlation between ARKM-USD and MSTY is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (All Time) Calculated using the full available price history since Feb 23, 2024	0.38

Return for Risk

ARKM-USD vs. MSTY — 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: 43
ARKM-USD Sharpe Ratio Rank: 45
ARKM-USD Sortino Ratio Rank: 44
ARKM-USD Omega Ratio Rank: 44
ARKM-USD Calmar Ratio Rank: 39
ARKM-USD Martin Ratio Rank: 42

MSTY

MSTY Risk / Return Rank: 1
MSTY Sharpe Ratio Rank: 1
MSTY Sortino Ratio Rank: 1
MSTY Omega Ratio Rank: 1
MSTY Calmar Ratio Rank: 2
MSTY Martin Ratio Rank: 2

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. MSTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arkham (ARKM-USD) and YieldMax™ MSTR Option Income Strategy ETF (MSTY). 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.

	ARKM-USD	MSTY	Difference
Sharpe ratio Return per unit of total volatility	-0.71	-1.02	+0.31
Sortino ratio Return per unit of downside risk	-1.05	-1.73	+0.68
Omega ratio Gain probability vs. loss probability	0.90	0.81	+0.09
Calmar ratio Return relative to maximum drawdown	-0.87	-0.86	-0.02
Martin ratio Return relative to average drawdown	-1.24	-1.31	+0.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARKM-USD vs. MSTY - Sharpe Ratio Comparison

The current ARKM-USD Sharpe Ratio is -0.71, which is higher than the MSTY Sharpe Ratio of -1.02. The chart below compares the historical Sharpe Ratios of ARKM-USD and MSTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ARKM-USD	MSTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.71	-1.02	+0.31
Sharpe Ratio (All Time) Calculated using the full available price history	-0.33	0.26	-0.59

Drawdowns

ARKM-USD vs. MSTY - Drawdown Comparison

The maximum ARKM-USD drawdown since its inception was -97.63%, which is greater than MSTY's maximum drawdown of -71.79%. Use the drawdown chart below to compare losses from any high point for ARKM-USD and MSTY.

Drawdown Indicators

	ARKM-USD	MSTY	Difference
Max Drawdown Largest peak-to-trough decline	-97.63%	-71.79%	-25.84%
Max Drawdown (1Y) Largest decline over 1 year	-85.89%	-71.79%	-14.10%
Current Drawdown Current decline from peak	-96.51%	-66.48%	-30.03%
Average Drawdown Average peak-to-trough decline	-65.74%	-26.09%	-39.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	67.11%	46.87%	+20.24%

Volatility

ARKM-USD vs. MSTY - Volatility Comparison

Arkham (ARKM-USD) has a higher volatility of 32.71% compared to YieldMax™ MSTR Option Income Strategy ETF (MSTY) at 17.01%. This indicates that ARKM-USD's price experiences larger fluctuations and is considered to be riskier than MSTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARKM-USD	MSTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.71%	17.01%	+15.70%
Volatility (6M) Calculated over the trailing 6-month period	66.78%	48.79%	+17.99%
Volatility (1Y) Calculated over the trailing 1-year period	87.88%	60.44%	+27.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	103.90%	71.92%	+31.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	103.90%	71.92%	+31.98%

Frequently Asked Questions

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

ARKM-USD and MSTY have a correlation of 0.44, 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 MSTY?

ARKM-USD has higher volatility (32.71%) compared to MSTY (17.01%). In terms of maximum drawdown, ARKM-USD dropped -97.63% vs MSTY's -71.79%.

Which has better risk-adjusted returns?

ARKM-USD currently has the higher Sharpe Ratio (-0.71 vs -1.02), 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.