ARKY vs. BITI

Last updated Apr 2, 2026

Compare and contrast key facts about ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) and ProShares Shrt Bitcoin ETF (BITI).

ARKY and BITI 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. BITI is a passively managed fund by ProShares that tracks the performance of the Bloomberg Bitcoin Index (-100%). It was launched on Jun 21, 2022.

Performance

ARKY vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) and ProShares Shrt Bitcoin ETF (BITI). The values are adjusted to include any dividend payments, if applicable.

ARKY vs. BITI - Yearly Performance Comparison

	2026 (YTD)
ARKY ARK 21Shares Active Bitcoin Ethereum Strategy ETF	0.00%
BITI ProShares Shrt Bitcoin ETF	0.20%

Returns By Period

ARKY

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITI

• 1D: -0.46%
• 1M: 0.37%
• YTD: 20.02%
• 6M: 56.40%
• 1Y: 10.94%
• 3Y*: -34.13%
• 5Y*: —
• 10Y*: —

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

ARKY vs. BITI - Expense Ratio Comparison

ARKY has a 1.00% expense ratio, which is lower than BITI's 1.03% expense ratio.

BITI

ProShares Shrt Bitcoin ETF

ARKY

ARK 21Shares Active Bitcoin Ethereum Strategy ETF

Return for Risk

ARKY vs. BITI — Risk / Return Rank

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

BITI

BITI Risk / Return Rank: 18
BITI Sharpe Ratio Rank: 18
BITI Sortino Ratio Rank: 22
BITI Omega Ratio Rank: 20
BITI Calmar Ratio Rank: 15
BITI Martin Ratio Rank: 14

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.

ARKY vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) and ProShares Shrt 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ARKY	BITI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.24	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.75	—

Dividends

ARKY vs. BITI - Dividend Comparison

ARKY has not paid dividends to shareholders, while BITI's dividend yield for the trailing twelve months is around 8.23%.

	TTM	2025	2024	2023	2022
ARKY ARK 21Shares Active Bitcoin Ethereum Strategy ETF	0.00%	0.00%	0.00%	0.00%	0.00%
BITI ProShares Shrt Bitcoin ETF	8.23%	1.60%	3.91%	3.33%	0.06%

Drawdowns

ARKY vs. BITI - Drawdown Comparison

The maximum ARKY drawdown since its inception was 0.00%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for ARKY and BITI.

Drawdown Indicators

	ARKY	BITI	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-92.16%	+92.16%
Max Drawdown (1Y) Largest decline over 1 year	—	-39.64%	—
Current Drawdown Current decline from peak	0.00%	-86.90%	+86.90%
Average Drawdown Average peak-to-trough decline	0.00%	-67.03%	+67.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	25.26%	—

Volatility

Volatility by Period

	ARKY	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.04%	—
Volatility (6M) Calculated over the trailing 6-month period	—	36.32%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	45.20%	-45.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	53.18%	-53.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	53.18%	-53.18%