ARKY vs. ETCO

Last updated Apr 2, 2026

Compare and contrast key facts about ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) and Grayscale Ethereum Covered Call ETF (ETCO).

ARKY and ETCO 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. ETCO is an actively managed fund by Grayscale. It was launched on Sep 3, 2025.

Performance

ARKY vs. ETCO - Performance Comparison

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

ARKY vs. ETCO - Yearly Performance Comparison

	2026 (YTD)
ARKY ARK 21Shares Active Bitcoin Ethereum Strategy ETF	0.00%
ETCO Grayscale Ethereum Covered Call ETF	11.14%

Returns By Period

ARKY

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

ETCO

• 1D: 0.47%
• 1M: 4.37%
• YTD: -25.50%
• 6M: -42.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ARKY vs. ETCO - Expense Ratio Comparison

ARKY has a 1.00% expense ratio, which is higher than ETCO's 0.66% expense ratio.

ARKY

ARK 21Shares Active Bitcoin Ethereum Strategy ETF

ETCO

Grayscale Ethereum Covered Call ETF

Return for Risk

ARKY vs. ETCO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) and Grayscale Ethereum Covered Call ETF (ETCO). 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	ETCO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	-1.12	—

Dividends

ARKY vs. ETCO - Dividend Comparison

ARKY has not paid dividends to shareholders, while ETCO's dividend yield for the trailing twelve months is around 93.40%.

	TTM	2025
ARKY ARK 21Shares Active Bitcoin Ethereum Strategy ETF	0.00%	0.00%
ETCO Grayscale Ethereum Covered Call ETF	93.40%	42.29%

Drawdowns

ARKY vs. ETCO - Drawdown Comparison

The maximum ARKY drawdown since its inception was 0.00%, smaller than the maximum ETCO drawdown of -56.81%. Use the drawdown chart below to compare losses from any high point for ARKY and ETCO.

Drawdown Indicators

	ARKY	ETCO	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-56.81%	+56.81%
Current Drawdown Current decline from peak	0.00%	-48.91%	+48.91%
Average Drawdown Average peak-to-trough decline	0.00%	-31.07%	+31.07%

Volatility

Volatility by Period

	ARKY	ETCO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	56.99%	-56.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	56.99%	-56.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	56.99%	-56.99%