ARKW vs. GBTC
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.
Key characteristics
| ARKW | GBTC | |
|---|---|---|
| YTD Return | -2.70% | 46.27% |
| 1Y Return | 59.74% | 212.40% |
| 3Y Return (Ann) | -20.08% | 2.63% |
| 5Y Return (Ann) | 7.23% | 47.35% |
| Sharpe Ratio | 1.71 | 3.90 |
| Daily Std Dev | 33.25% | 59.51% |
| Max Drawdown | -80.01% | -89.91% |
| Current Drawdown | -59.51% | -22.78% |
Correlation
The correlation between ARKW and GBTC is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ARKW vs. GBTC - Performance Comparison
In the year-to-date period, ARKW achieves a -2.70% return, which is significantly lower than GBTC's 46.27% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
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.
Dividends
ARKW vs. GBTC - Dividend Comparison
Neither ARKW nor GBTC has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARKW ARK Next Generation Internet ETF | 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% | 0.26% | 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.
Volatility
ARKW vs. GBTC - Volatility Comparison
The current volatility for ARK Next Generation Internet ETF (ARKW) is 8.63%, while Grayscale Bitcoin Trust (BTC) (GBTC) has a volatility of 15.95%. This indicates that ARKW experiences smaller price fluctuations and is considered to be less risky than GBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.