ARKY vs. ARKA
Compare and contrast key facts about ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) and ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA).
ARKY and ARKA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARKY is an actively managed fund by ARK. It was launched on Nov 14, 2023. ARKA is an actively managed fund by ARK. It was launched on Nov 13, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKY or ARKA.
Performance
ARKY vs. ARKA - Performance Comparison
Returns By Period
In the year-to-date period, ARKY achieves a 61.26% return, which is significantly lower than ARKA's 100.11% return.
ARKY
61.26%
35.01%
1.19%
84.29%
N/A
N/A
ARKA
100.11%
35.36%
28.02%
125.95%
N/A
N/A
Key characteristics
| ARKY | ARKA | |
|---|---|---|
| Sharpe Ratio | 1.42 | 2.19 |
| Sortino Ratio | 2.04 | 2.77 |
| Omega Ratio | 1.25 | 1.33 |
| Calmar Ratio | 2.00 | 4.17 |
| Martin Ratio | 4.06 | 9.17 |
| Ulcer Index | 20.75% | 13.73% |
| Daily Std Dev | 59.45% | 57.63% |
| Max Drawdown | -42.10% | -30.23% |
| Current Drawdown | -6.85% | -8.48% |
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ARKY vs. ARKA - Expense Ratio Comparison
ARKY has a 1.00% expense ratio, which is higher than ARKA's 0.70% expense ratio.
Correlation
The correlation between ARKY and ARKA is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
ARKY vs. ARKA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) and ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA). 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
ARKY vs. ARKA - Dividend Comparison
ARKY's dividend yield for the trailing twelve months is around 16.69%, less than ARKA's 25.37% yield.
| TTM | 2023 | |
|---|---|---|
ARKY ARK 21Shares Active Bitcoin Ethereum Strategy ETF | 16.69% | 0.00% |
ARKA ARK 21Shares Active Bitcoin Futures Strategy ETF | 25.37% | 0.41% |
Drawdowns
ARKY vs. ARKA - Drawdown Comparison
The maximum ARKY drawdown since its inception was -42.10%, which is greater than ARKA's maximum drawdown of -30.23%. Use the drawdown chart below to compare losses from any high point for ARKY and ARKA. For additional features, visit the drawdowns tool.
Volatility
ARKY vs. ARKA - Volatility Comparison
ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) and ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA) have volatilities of 19.10% and 19.45%, 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.