ARKW vs. BITI
ARKW (ARK Next Generation Internet ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - ARKW is a Mid Cap Growth Equities fund actively managed by ARK, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. ARKW is actively managed, while BITI is passively managed. Over the past 3 years, ARKW returned 32.39%/yr vs -32.35%/yr for BITI. Their -0.57 correlation means they have often moved in opposite directions in the past. ARKW charges 0.76%/yr vs 1.03%/yr for BITI.
Performance
ARKW vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, ARKW achieves a -4.64% return, which is significantly lower than BITI's 25.22% 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%
BITI
- 1D
- -1.48%
- 1M
- -4.03%
- 6M
- 13.09%
- YTD
- 25.22%
- 1Y
- 56.28%
- 3Y*
- -32.35%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -35.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.17M | $12.26M | $13.73M | |
| $24.18M | $25.87M | $38.72M |
ARKW vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ARKW ARK Next Generation Internet ETF | -4.64% | 38.93% | 42.27% | 96.89% | -19.82% |
BITI ProShares Short Bitcoin ETF | 25.22% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between ARKW and BITI is -0.70, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.70 |
Correlation (3Y) Balances recent behavior with more history. | -0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.57 |
The correlation between ARKW and BITI shifts across timeframes, from -0.70 (1 year) to -0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ARKW vs. BITI — Risk / Return Rank
ARKW
BITI
ARKW vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Next Generation Internet ETF (ARKW) and ProShares Short Bitcoin ETF (BITI). 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 | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.22 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 2.24 | -2.37 |
| Martin ratioReturn relative to average drawdown | -0.25 | 5.45 | -5.69 |
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Drawdowns
ARKW vs. BITI - Drawdown Comparison
The maximum ARKW drawdown since its inception was -80.52%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for ARKW and BITI.
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Drawdown Indicators
| ARKW | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.52% | -92.16% | +11.64% |
Max Drawdown (1Y)Largest decline over 1 year | -36.21% | -25.28% | -10.93% |
Max Drawdown (3Y)Largest decline over 3 years | -36.21% | -84.63% | +48.42% |
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% | -86.33% | +62.76% |
Average DrawdownAverage peak-to-trough decline | -23.95% | -68.61% | +44.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.38% | 10.37% | +9.01% |
Volatility
ARKW vs. BITI - Volatility Comparison
ARK Next Generation Internet ETF (ARKW) has a higher volatility of 9.38% compared to ProShares Short Bitcoin ETF (BITI) at 8.93%. This indicates that ARKW's price experiences larger fluctuations and is considered to be riskier than BITI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARKW | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.38% | 8.93% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 25.80% | 33.35% | -7.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.40% | 44.25% | -10.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.79% | 52.01% | -8.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.84% | 52.01% | -14.17% |
ARKW vs. BITI - Expense Ratio Comparison
ARKW has a 0.76% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
ARKW vs. BITI - Dividend Comparison
ARKW's dividend yield for the trailing twelve months is around 1.67%, less than BITI's 21.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
BITI ProShares Short Bitcoin ETF | 21.80% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ARKW and BITI 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 BITI (8.93%). In terms of maximum drawdown, ARKW dropped -80.52% vs BITI's -92.16%.
On 3-year performance, ARKW leads with 32.39% vs -32.35% for BITI. On fees, ARKW is cheaper at 0.76% per year. On volatility, BITI has been the lower-risk option at 8.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ARKW has performed better with a 32.39% return vs -32.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ARKW is cheaper with a 0.76% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 21.80%, compared with 1.67% for ARKW.
ARKW is categorized as Mid Cap Growth Equities, while BITI is Cryptocurrency. They also come from different issuers: ARK and ProShares. Their fees differ too: 0.76% for ARKW and 1.03% for BITI.
BITI currently has the higher Sharpe Ratio (1.28 vs -0.14), 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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