ARKW vs. ARKB
ARKW (ARK Next Generation Internet ETF) and ARKB (ARK 21Shares Bitcoin ETF) are both exchange-traded funds - ARKW is a Mid Cap Growth Equities fund actively managed by ARK, while ARKB is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. ARKW is actively managed, while ARKB is passively managed. Over the past year, ARKW returned -4.74% vs -43.68% for ARKB. Their 0.66 correlation means they have sometimes moved together and sometimes differently. ARKW charges 0.76%/yr vs 0.21%/yr for ARKB.
Performance
ARKW vs. ARKB - Performance Comparison
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Returns By Period
In the year-to-date period, ARKW achieves a -4.64% return, which is significantly higher than ARKB's -27.10% return.
ARKW
- 1D
- 2.95%
- 1M
- -2.97%
- 6M
- 4.60%
- YTD
- -4.64%
- 1Y
- -4.74%
- 3Y*
- 32.39%
- 5Y*
- -0.92%
- 10Y*
- 21.34%
- ALL TIME*
- 19.87%
ARKB
- 1D
- 1.53%
- 1M
- 3.93%
- 6M
- -18.17%
- YTD
- -27.10%
- 1Y
- -43.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $34.32M | $33.92M | $41.96M | |
| $8.17M | $12.26M | $13.73M |
ARKW vs. ARKB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ARKW ARK Next Generation Internet ETF | -4.64% | 38.93% | 48.61% |
ARKB ARK 21Shares Bitcoin ETF | -27.10% | -6.59% | 86.54% |
Correlation
The correlation between ARKW and ARKB is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.66 |
The correlation between ARKW and ARKB has been stable across timeframes, ranging from 0.66 to 0.70 - a consistent structural relationship.
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Return for Risk
ARKW vs. ARKB — Risk / Return Rank
ARKW
ARKB
ARKW vs. ARKB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Next Generation Internet ETF (ARKW) and ARK 21Shares Bitcoin ETF (ARKB). 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.
| ARKW | ARKB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.84 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | -0.82 | +0.69 |
| Martin ratioReturn relative to average drawdown | -0.25 | -1.26 | +1.01 |
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Drawdowns
ARKW vs. ARKB - Drawdown Comparison
The maximum ARKW drawdown since its inception was -80.52%, which is greater than ARKB's maximum drawdown of -53.33%. Use the drawdown chart below to compare losses from any high point for ARKW and ARKB.
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Drawdown Indicators
| ARKW | ARKB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.52% | -53.33% | -27.19% |
Max Drawdown (1Y)Largest decline over 1 year | -36.21% | -53.33% | +17.12% |
Max Drawdown (3Y)Largest decline over 3 years | -36.21% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -77.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -80.52% | — | — |
Current DrawdownCurrent decline from peak | -23.57% | -49.23% | +25.66% |
Average DrawdownAverage peak-to-trough decline | -23.95% | -18.31% | -5.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.38% | 34.76% | -15.38% |
Volatility
ARKW vs. ARKB - Volatility Comparison
ARK Next Generation Internet ETF (ARKW) and ARK 21Shares Bitcoin ETF (ARKB) have volatilities of 9.38% and 8.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARKW | ARKB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.38% | 8.97% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 25.80% | 33.71% | -7.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.40% | 44.33% | -10.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.79% | 49.40% | -5.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.84% | 49.40% | -11.56% |
ARKW vs. ARKB - Expense Ratio Comparison
ARKW has a 0.76% expense ratio, which is higher than ARKB's 0.21% expense ratio.
Dividends
ARKW vs. ARKB - Dividend Comparison
ARKW's dividend yield for the trailing twelve months is around 1.67%, while ARKB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARKB ARK 21Shares Bitcoin 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% |
ARKW ARK Next Generation Internet ETF | 1.67% | 1.59% | 0.00% | 0.00% | 0.00% | 0.17% | 1.29% | 0.00% | 13.05% | 2.05% | 0.00% | 2.29% |
Frequently Asked Questions
ARKW and ARKB have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARKW has higher volatility (9.38%) compared to ARKB (8.97%). In terms of maximum drawdown, ARKW dropped -80.52% vs ARKB's -53.33%.
On 1-year performance, ARKW leads with -4.74% vs -43.68% for ARKB. On fees, ARKB is cheaper at 0.21% per year. On volatility, ARKB has been the lower-risk option at 8.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ARKW has performed better with a -4.74% return vs -43.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ARKB is cheaper with a 0.21% expense ratio, compared with 0.76% for ARKW.
ARKW has the higher dividend yield at 1.67%, compared with 0.00% for ARKB.
ARKW is categorized as Mid Cap Growth Equities, while ARKB is Cryptocurrency. Their fees differ too: 0.76% for ARKW and 0.21% for ARKB.
ARKW currently has the higher Sharpe Ratio (-0.14 vs -0.99), 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.
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