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ARKW vs. GBTC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ARKW vs. GBTC

Last updated Apr 26, 2025

Compare and contrast key facts about ARK Next Generation Internet ETF (ARKW) and Grayscale Bitcoin Trust (BTC) (GBTC).

ARKW is an actively managed fund by ARK Investment Management. It was launched on Sep 30, 2014.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKW or GBTC.

Correlation

The correlation between ARKW and GBTC is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

-0.50.00.51.0
Correlation: 0.7

Performance

ARKW vs. GBTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARK Next Generation Internet ETF (ARKW) and Grayscale Bitcoin Trust (BTC) (GBTC). The values are adjusted to include any dividend payments, if applicable.
0.00%5,000.00%10,000.00%15,000.00%20,000.00%NovemberDecember2025FebruaryMarchApril
464.98%
16,225.03%
ARKW
GBTC

Key characteristics

Sharpe Ratio

ARKW:

0.90

GBTC:

0.49

Sortino Ratio

ARKW:

1.41

GBTC:

1.06

Omega Ratio

ARKW:

1.18

GBTC:

1.13

Calmar Ratio

ARKW:

0.56

GBTC:

0.78

Martin Ratio

ARKW:

3.30

GBTC:

1.73

Ulcer Index

ARKW:

10.67%

GBTC:

15.77%

Daily Std Dev

ARKW:

39.34%

GBTC:

55.63%

Max Drawdown

ARKW:

-80.01%

GBTC:

-89.91%

Current Drawdown

ARKW:

-43.41%

GBTC:

-11.06%

Returns By Period

In the year-to-date period, ARKW achieves a -4.41% return, which is significantly lower than GBTC's 1.78% return.

ARKW

YTD

-4.41%

1M

1.39%

6M

16.63%

1Y

36.03%

5Y*

11.32%

10Y*

18.64%

GBTC

YTD

1.78%

1M

10.13%

6M

41.91%

1Y

30.80%

5Y*

54.69%

10Y*

N/A

*Annualized

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Risk-Adjusted Performance

ARKW vs. GBTC — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ARKW
The Risk-Adjusted Performance Rank of ARKW is 7474
Overall Rank
The Sharpe Ratio Rank of ARKW is 7777
Sharpe Ratio Rank
The Sortino Ratio Rank of ARKW is 7878
Sortino Ratio Rank
The Omega Ratio Rank of ARKW is 7676
Omega Ratio Rank
The Calmar Ratio Rank of ARKW is 6565
Calmar Ratio Rank
The Martin Ratio Rank of ARKW is 7575
Martin Ratio Rank
GBTC
The Risk-Adjusted Performance Rank of GBTC is 7171
Overall Rank
The Sharpe Ratio Rank of GBTC is 7070
Sharpe Ratio Rank
The Sortino Ratio Rank of GBTC is 6868
Sortino Ratio Rank
The Omega Ratio Rank of GBTC is 6464
Omega Ratio Rank
The Calmar Ratio Rank of GBTC is 8181
Calmar Ratio Rank
The Martin Ratio Rank of GBTC is 7171
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

ARKW vs. GBTC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK Next Generation Internet ETF (ARKW) and Grayscale Bitcoin Trust (BTC) (GBTC). 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.

The chart of Sharpe ratio for ARKW, currently valued at 0.90, compared to the broader market-1.000.001.002.003.004.00
ARKW: 0.90
GBTC: 0.49
The chart of Sortino ratio for ARKW, currently valued at 1.41, compared to the broader market-2.000.002.004.006.008.00
ARKW: 1.41
GBTC: 1.06
The chart of Omega ratio for ARKW, currently valued at 1.18, compared to the broader market0.501.001.502.002.50
ARKW: 1.18
GBTC: 1.13
The chart of Calmar ratio for ARKW, currently valued at 0.56, compared to the broader market0.002.004.006.008.0010.0012.00
ARKW: 0.56
GBTC: 0.78
The chart of Martin ratio for ARKW, currently valued at 3.30, compared to the broader market0.0020.0040.0060.00
ARKW: 3.30
GBTC: 1.73

The current ARKW Sharpe Ratio is 0.90, which is higher than the GBTC Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of ARKW and GBTC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00NovemberDecember2025FebruaryMarchApril
0.90
0.49
ARKW
GBTC

Dividends

ARKW vs. GBTC - Dividend Comparison

Neither ARKW nor GBTC has paid dividends to shareholders.

TTM2024202320222021202020192018201720162015
ARKW
ARK Next Generation Internet ETF		0.00%0.00%0.00%0.00%2.79%1.29%0.00%13.06%2.05%0.00%2.29%
GBTC
Grayscale Bitcoin Trust (BTC)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.23%0.00%0.00%

Drawdowns

ARKW vs. GBTC - Drawdown Comparison

The maximum ARKW drawdown since its inception was -80.01%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for ARKW and GBTC. For additional features, visit the drawdowns tool.

-50.00%-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-43.41%
-11.06%
ARKW
GBTC

Volatility

ARKW vs. GBTC - Volatility Comparison

ARK Next Generation Internet ETF (ARKW) has a higher volatility of 20.55% compared to Grayscale Bitcoin Trust (BTC) (GBTC) at 16.42%. This indicates that ARKW's price experiences larger fluctuations and is considered to be riskier than GBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

10.00%15.00%20.00%NovemberDecember2025FebruaryMarchApril
20.55%
16.42%
ARKW
GBTC