ARKY vs. ETH-USD
Compare and contrast key facts about ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) and Ethereum (ETH-USD).
ARKY is an actively managed fund by ARK. It was launched on Nov 14, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKY or ETH-USD.
Key characteristics
| ARKY | ETH-USD | |
|---|---|---|
| YTD Return | 9.13% | 2.64% |
| Daily Std Dev | 60.10% | 50.68% |
| Max Drawdown | -42.10% | -93.96% |
| Current Drawdown | -36.42% | -51.34% |
Correlation
The correlation between ARKY and ETH-USD is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ARKY vs. ETH-USD - Performance Comparison
In the year-to-date period, ARKY achieves a 9.13% return, which is significantly higher than ETH-USD's 2.64% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
ARKY vs. ETH-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) and Ethereum (ETH-USD). 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.
Drawdowns
ARKY vs. ETH-USD - Drawdown Comparison
The maximum ARKY drawdown since its inception was -42.10%, smaller than the maximum ETH-USD drawdown of -93.96%. Use the drawdown chart below to compare losses from any high point for ARKY and ETH-USD. For additional features, visit the drawdowns tool.
Volatility
ARKY vs. ETH-USD - Volatility Comparison
The current volatility for ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) is 13.82%, while Ethereum (ETH-USD) has a volatility of 17.20%. This indicates that ARKY experiences smaller price fluctuations and is considered to be less risky than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.