ARKX vs. BITI

Last updated Jul 14, 2026

ARKX (ARK Space Exploration & Innovation ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - ARKX is a Aerospace & Defense fund actively managed by ARK, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. ARKX is actively managed, while BITI is passively managed. Over the past 3 years, ARKX returned 27.08%/yr vs -30.65%/yr for BITI. At a correlation of -0.39, they often move in opposite directions. ARKX charges 0.75%/yr vs 1.03%/yr for BITI.

Performance

ARKX vs. BITI - Performance Comparison

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

Returns By Period

In the year-to-date period, ARKX achieves a 8.01% return, which is significantly lower than BITI's 28.75% return.

ARKX

• 1D: -2.34%
• 1M: -7.34%
• 6M: -8.18%
• YTD: 8.01%
• 1Y: 25.35%
• 3Y*: 27.08%
• 5Y*: 8.82%
• 10Y*: —

BITI

• 1D: 2.65%
• 1M: 1.46%
• 6M: 34.68%
• YTD: 28.75%
• 1Y: 68.34%
• 3Y*: -30.65%
• 5Y*: —
• 10Y*: —

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

ARKX vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ARKX ARK Space Exploration & Innovation ETF	8.01%	48.46%	26.67%	24.37%	-8.29%
BITI ProShares Short Bitcoin ETF	28.75%	-1.76%	-62.60%	-66.17%	3.39%

Correlation

The correlation between ARKX and BITI is -0.48, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.48
Correlation (3Y) Calculated over the trailing 3-year period	-0.38
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	-0.39

The correlation between ARKX and BITI shifts across timeframes, from -0.48 (1 year) to -0.38 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

ARKX vs. BITI — Risk / Return Rank

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

ARKX

ARKX Risk / Return Rank: 27
ARKX Sharpe Ratio Rank: 26
ARKX Sortino Ratio Rank: 26
ARKX Omega Ratio Rank: 24
ARKX Calmar Ratio Rank: 31
ARKX Martin Ratio Rank: 27

BITI

BITI Risk / Return Rank: 57
BITI Sharpe Ratio Rank: 58
BITI Sortino Ratio Rank: 55
BITI Omega Ratio Rank: 50
BITI Calmar Ratio Rank: 68
BITI Martin Ratio Rank: 51

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. BITI - Risk-Adjusted Trends Comparison

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

	ARKX	BITI	Difference
Sharpe ratio: Return per unit of total volatility	0.75	1.56	-0.81
Sortino ratio: Return per unit of downside risk	1.23	2.13	-0.89
Omega ratio: Gain probability vs. loss probability	1.14	1.26	-0.11
Calmar ratio: Return relative to maximum drawdown	1.25	2.72	-1.47
Martin ratio: Return relative to average drawdown	3.01	6.78	-3.77

ARKX vs. BITI - Sharpe Ratio Comparison

The current ARKX Sharpe Ratio is 0.75, which is lower than the BITI Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of ARKX and BITI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ARKX vs. BITI - Drawdown Comparison

The maximum ARKX drawdown since its inception was -43.61%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for ARKX and BITI.

Drawdown Indicators

	ARKX	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-43.61%	-92.16%	+48.55%
Max Drawdown (1Y) Largest decline over 1 year	-20.42%	-25.28%	+4.86%
Max Drawdown (3Y) Largest decline over 3 years	-25.47%	-84.63%	+59.16%
Max Drawdown (5Y) Largest decline over 5 years	-43.61%	—	—
Current Drawdown Current decline from peak	-17.06%	-85.94%	+68.88%
Average Drawdown Average peak-to-trough decline	-19.80%	-68.34%	+48.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.45%	10.11%	-1.66%

Volatility

ARKX vs. BITI - Volatility Comparison

ARK Space Exploration & Innovation ETF (ARKX) and ProShares Short Bitcoin ETF (BITI) have volatilities of 11.14% and 11.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARKX	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.14%	11.38%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	26.09%	34.25%	-8.16%
Volatility (1Y) Calculated over the trailing 1-year period	34.24%	44.14%	-9.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.32%	52.28%	-23.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.76%	52.28%	-24.52%

ARKX vs. BITI - Expense Ratio Comparison

ARKX has a 0.75% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

ARKX vs. BITI - Dividend Comparison

ARKX has not paid dividends to shareholders, while BITI's dividend yield for the trailing twelve months is around 15.10%.

Position	TTM	2025	2024	2023	2022
ARKX ARK Space Exploration & Innovation ETF	0.00%	0.00%	0.00%	0.00%	0.00%
BITI ProShares Short Bitcoin ETF	15.10%	1.60%	3.91%	3.33%	0.06%

Frequently Asked Questions

Can I hold both ARKX and BITI in my portfolio?

ARKX and BITI have a correlation of -0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARKX or BITI?

BITI has higher volatility (11.38%) compared to ARKX (11.14%). In terms of maximum drawdown, ARKX dropped -43.61% vs BITI's -92.16%.

Which ETF is better, ARKX or BITI?

On 3-year performance, ARKX leads with 27.08% vs -30.65% for BITI. On fees, ARKX is cheaper at 0.75% per year. On volatility, ARKX has been the lower-risk option at 11.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ARKX or BITI?

Over the 3-year period, ARKX has performed better with a 27.08% return vs -30.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ARKX or BITI?

ARKX is cheaper with a 0.75% expense ratio, compared with 1.03% for BITI.

Which ETF pays a higher dividend yield, ARKX or BITI?

BITI has the higher dividend yield at 15.10%, compared with 0.00% for ARKX.

What is the main difference between ARKX and BITI?

ARKX is categorized as Aerospace & Defense, while BITI is Cryptocurrency. They also come from different issuers: ARK and ProShares. Their fees differ too: 0.75% for ARKX and 1.03% for BITI.

Which has better risk-adjusted returns?

BITI currently has the higher Sharpe Ratio (1.56 vs 0.75), 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.