ARKX vs. ARKM-USD

Last updated Apr 3, 2026

Compare and contrast key facts about ARK Space Exploration & Innovation ETF (ARKX) and Arkham (ARKM-USD).

ARKX is an actively managed fund by ARK. It was launched on Mar 30, 2021.

Performance

ARKX vs. ARKM-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARK Space Exploration & Innovation ETF (ARKX) and Arkham (ARKM-USD). The values are adjusted to include any dividend payments, if applicable.

ARKX vs. ARKM-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ARKX ARK Space Exploration & Innovation ETF	4.62%	48.46%	26.67%	-1.03%
ARKM-USD Arkham	-45.29%	-87.37%	136.81%	-10.53%

Returns By Period

In the year-to-date period, ARKX achieves a 4.62% return, which is significantly higher than ARKM-USD's -45.29% return.

ARKX

• 1D: 1.37%
• 1M: -4.35%
• YTD: 4.62%
• 6M: 1.88%
• 1Y: 67.05%
• 3Y*: 29.63%
• 5Y*: 7.71%
• 10Y*: —

ARKM-USD

• 1D: -5.21%
• 1M: -11.35%
• YTD: -45.29%
• 6M: -82.43%
• 1Y: -80.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

Return for Risk

ARKX vs. ARKM-USD — Risk / Return Rank

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

ARKX

ARKX Risk / Return Rank: 85
ARKX Sharpe Ratio Rank: 88
ARKX Sortino Ratio Rank: 88
ARKX Omega Ratio Rank: 78
ARKX Calmar Ratio Rank: 90
ARKX Martin Ratio Rank: 79

ARKM-USD

ARKM-USD Risk / Return Rank: 35
ARKM-USD Sharpe Ratio Rank: 27
ARKM-USD Sortino Ratio Rank: 21
ARKM-USD Omega Ratio Rank: 20
ARKM-USD Calmar Ratio Rank: 53
ARKM-USD Martin Ratio Rank: 55

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.

ARKX vs. ARKM-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK Space Exploration & Innovation ETF (ARKX) and Arkham (ARKM-USD). 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.

	ARKX	ARKM-USD	Difference
Sharpe ratio Return per unit of total volatility	1.94	-0.75	+2.69
Sortino ratio Return per unit of downside risk	2.57	-1.29	+3.86
Omega ratio Gain probability vs. loss probability	1.31	0.87	+0.44
Calmar ratio Return relative to maximum drawdown	3.46	-1.07	+4.53
Martin ratio Return relative to average drawdown	9.67	-1.54	+11.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARKX vs. ARKM-USD - Sharpe Ratio Comparison

The current ARKX Sharpe Ratio is 1.94, which is higher than the ARKM-USD Sharpe Ratio of -0.75. The chart below compares the historical Sharpe Ratios of ARKX and ARKM-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ARKX	ARKM-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	-0.75	+2.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	-0.40	+0.71

Correlation

The correlation between ARKX and ARKM-USD is 0.22, 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.

Drawdowns

ARKX vs. ARKM-USD - Drawdown Comparison

The maximum ARKX drawdown since its inception was -43.61%, smaller than the maximum ARKM-USD drawdown of -97.63%. Use the drawdown chart below to compare losses from any high point for ARKX and ARKM-USD.

Drawdown Indicators

	ARKX	ARKM-USD	Difference
Max Drawdown Largest peak-to-trough decline	-43.61%	-97.63%	+54.02%
Max Drawdown (1Y) Largest decline over 1 year	-20.42%	-88.09%	+67.67%
Max Drawdown (5Y) Largest decline over 5 years	-43.61%	—	—
Current Drawdown Current decline from peak	-13.79%	-97.59%	+83.80%
Average Drawdown Average peak-to-trough decline	-20.49%	-63.78%	+43.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.30%	59.60%	-52.30%

Volatility

ARKX vs. ARKM-USD - Volatility Comparison

The current volatility for ARK Space Exploration & Innovation ETF (ARKX) is 11.27%, while Arkham (ARKM-USD) has a volatility of 18.37%. This indicates that ARKX experiences smaller price fluctuations and is considered to be less risky than ARKM-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARKX	ARKM-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.27%	18.37%	-7.10%
Volatility (6M) Calculated over the trailing 6-month period	25.62%	80.48%	-54.86%
Volatility (1Y) Calculated over the trailing 1-year period	34.75%	89.25%	-54.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.20%	104.89%	-77.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.19%	104.89%	-77.70%