ARKY vs. ARKZ
Compare and contrast key facts about ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) and ARK 21Shares Active Ethereum Futures Strategy ETF (ARKZ).
ARKY and ARKZ 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. ARKZ 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 ARKZ.
Correlation
The correlation between ARKY and ARKZ is 0.87, 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.
Performance
ARKY vs. ARKZ - Performance Comparison
Key characteristics
ARKY:
-0.28
ARKZ:
-0.73
ARKY:
-0.04
ARKZ:
-0.89
ARKY:
1.00
ARKZ:
0.89
ARKY:
-0.38
ARKZ:
-0.78
ARKY:
-0.80
ARKZ:
-1.66
ARKY:
20.00%
ARKZ:
31.33%
ARKY:
56.60%
ARKZ:
71.44%
ARKY:
-42.10%
ARKZ:
-66.91%
ARKY:
-31.21%
ARKZ:
-64.30%
Returns By Period
In the year-to-date period, ARKY achieves a -20.59% return, which is significantly higher than ARKZ's -53.67% return.
ARKY
-20.59%
-0.48%
4.40%
-3.20%
N/A
N/A
ARKZ
-53.67%
-22.42%
-42.90%
-52.18%
N/A
N/A
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ARKY vs. ARKZ - Expense Ratio Comparison
ARKY has a 1.00% expense ratio, which is higher than ARKZ's 0.70% expense ratio.
Risk-Adjusted Performance
ARKY vs. ARKZ — Risk-Adjusted Performance Rank
ARKY
ARKZ
ARKY vs. ARKZ - 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 Ethereum Futures Strategy ETF (ARKZ). 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. ARKZ - Dividend Comparison
ARKY's dividend yield for the trailing twelve months is around 23.54%, more than ARKZ's 6.07% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
ARKY ARK 21Shares Active Bitcoin Ethereum Strategy ETF | 23.54% | 19.02% | 0.00% |
ARKZ ARK 21Shares Active Ethereum Futures Strategy ETF | 6.07% | 2.88% | 0.19% |
Drawdowns
ARKY vs. ARKZ - Drawdown Comparison
The maximum ARKY drawdown since its inception was -42.10%, smaller than the maximum ARKZ drawdown of -66.91%. Use the drawdown chart below to compare losses from any high point for ARKY and ARKZ. For additional features, visit the drawdowns tool.
Volatility
ARKY vs. ARKZ - Volatility Comparison
The current volatility for ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) is 0.45%, while ARK 21Shares Active Ethereum Futures Strategy ETF (ARKZ) has a volatility of 26.51%. This indicates that ARKY experiences smaller price fluctuations and is considered to be less risky than ARKZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.