ARKM-USD vs. MSTY

Last updated Jun 24, 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 -72.87% vs -66.58% 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 -30.86% return, which is significantly lower than MSTY's -27.80% return.

ARKM-USD

• 1D: -3.97%
• 1M: -11.03%
• YTD: -30.86%
• 6M: -35.64%
• 1Y: -72.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTY

• 1D: -4.55%
• 1M: -31.74%
• YTD: -27.80%
• 6M: -29.80%
• 1Y: -66.58%
• 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	-30.86%	-87.37%	16.89%
MSTY YieldMax™ MSTR Option Income Strategy ETF	-27.80%	-42.71%	212.16%

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 22, 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: 44
ARKM-USD Sharpe Ratio Rank: 48
ARKM-USD Sortino Ratio Rank: 47
ARKM-USD Omega Ratio Rank: 47
ARKM-USD Calmar Ratio Rank: 30
ARKM-USD Martin Ratio Rank: 48

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: 1
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.

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	MSTY	Difference
Sharpe ratio: Return per unit of total volatility	-0.69	-1.08	+0.39
Sortino ratio: Return per unit of downside risk	-0.94	-1.96	+1.03
Omega ratio: Gain probability vs. loss probability	0.91	0.79	+0.12
Calmar ratio: Return relative to maximum drawdown	-0.85	-0.93	+0.08
Martin ratio: Return relative to average drawdown	-1.16	-1.35	+0.19

ARKM-USD vs. MSTY - Sharpe Ratio Comparison

The current ARKM-USD Sharpe Ratio is -0.69, which is higher than the MSTY Sharpe Ratio of -1.08. 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.

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	-96.95%	-71.62%	-25.33%
Average Drawdown Average peak-to-trough decline	-67.43%	-26.97%	-40.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	57.97%	49.36%	+8.61%

Volatility

ARKM-USD vs. MSTY - Volatility Comparison

Arkham (ARKM-USD) has a higher volatility of 32.24% compared to YieldMax™ MSTR Option Income Strategy ETF (MSTY) at 19.32%. 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	32.24%	19.32%	+12.92%
Volatility (6M) Calculated over the trailing 6-month period	69.36%	49.66%	+19.70%
Volatility (1Y) Calculated over the trailing 1-year period	89.03%	62.02%	+27.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	103.81%	71.82%	+31.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	103.81%	71.82%	+31.99%

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 (32.24%) compared to MSTY (19.32%). 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 (-0.69 vs -1.08), 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.