ARKW vs. ARKD

Last updated Jun 25, 2026

ARKW (ARK Next Generation Internet ETF) and ARKD (ARK 21Shares Digital Asset and Blockchain Strategy ETF) are both exchange-traded funds - ARKW is a Mid Cap Growth Equities fund actively managed by ARK, while ARKD is a Cryptocurrency fund actively managed by ARK. Both are actively managed. Their correlation of 0.92 suggests significant overlap in exposure. ARKW charges 0.76%/yr vs 0.90%/yr for ARKD.

Performance

ARKW vs. ARKD - Performance Comparison

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

Returns By Period

ARKW

• 1D: -1.58%
• 1M: -4.68%
• YTD: -6.26%
• 6M: -8.97%
• 1Y: -4.08%
• 3Y*: 36.01%
• 5Y*: -1.45%
• 10Y*: 22.34%

ARKD

• 1D: -0.11%
• 1M: 0.17%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ARKW vs. ARKD - Yearly Performance Comparison

	2026 (YTD)
ARKW ARK Next Generation Internet ETF	-6.26%
ARKD ARK 21Shares Digital Asset and Blockchain Strategy ETF	-2.18%

Correlation

The correlation between ARKW and ARKD is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 2, 2026	0.92

Return for Risk

ARKW vs. ARKD — Risk / Return Rank

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

ARKW

ARKW Risk / Return Rank: 8
ARKW Sharpe Ratio Rank: 8
ARKW Sortino Ratio Rank: 8
ARKW Omega Ratio Rank: 8
ARKW Calmar Ratio Rank: 8
ARKW Martin Ratio Rank: 8

ARKD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

ARKW vs. ARKD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK Next Generation Internet ETF (ARKW) 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.

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	ARKD	Difference
Sharpe ratio: Return per unit of total volatility	-0.13	—	—
Sortino ratio: Return per unit of downside risk	0.05	—	—
Omega ratio: Gain probability vs. loss probability	1.01	—	—
Calmar ratio: Return relative to maximum drawdown	-0.11	—	—
Martin ratio: Return relative to average drawdown	-0.22	—	—

Drawdowns

ARKW vs. ARKD - Drawdown Comparison

The maximum ARKW drawdown since its inception was -80.52%, which is greater than ARKD's maximum drawdown of -14.03%. Use the drawdown chart below to compare losses from any high point for ARKW and ARKD.

Drawdown Indicators

	ARKW	ARKD	Difference
Max Drawdown Largest peak-to-trough decline	-80.52%	-14.03%	-66.49%
Max Drawdown (1Y) Largest decline over 1 year	-36.21%	—	—
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 Drawdown Current decline from peak	-24.87%	-5.39%	-19.48%
Average Drawdown Average peak-to-trough decline	-23.97%	-6.02%	-17.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.20%	—	—

Volatility

Volatility by Period

	ARKW	ARKD	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.17%	—	—
Volatility (6M) Calculated over the trailing 6-month period	24.67%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	32.81%	20.43%	+12.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.65%	20.43%	+23.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.78%	20.43%	+17.35%

ARKW vs. ARKD - Expense Ratio Comparison

ARKW has a 0.76% expense ratio, which is lower than ARKD's 0.90% expense ratio.

Dividends

ARKW vs. ARKD - Dividend Comparison

ARKW's dividend yield for the trailing twelve months is around 1.70%, while ARKD has not 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%
ARKW ARK Next Generation Internet ETF	1.70%	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

Can I hold both ARKW and ARKD in my portfolio?

With a correlation of 0.92, ARKW 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, ARKW or ARKD?

On fees, ARKW is cheaper at 0.76% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ARKW or ARKD?

ARKW is cheaper with a 0.76% expense ratio, compared with 0.90% for ARKD.

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

ARKW has the higher dividend yield at 1.70%, compared with 0.00% for ARKD.

What is the main difference between ARKW and ARKD?

ARKW is categorized as Mid Cap Growth Equities, while ARKD is Cryptocurrency. Their fees differ too: 0.76% for ARKW and 0.90% for ARKD.