ARKY vs. ETH-USD

In the year-to-date period, ARKY achieves a 61.26% return, which is significantly higher than ETH-USD's 45.81% return.

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The correlation between ARKY and ETH-USD is 0.68, 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.

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.

The current ARKY Sharpe Ratio is 1.42, which is higher than the ETH-USD Sharpe Ratio of 0.12. The chart below compares the historical Sharpe Ratios of ARKY and ETH-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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.

The current volatility for ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) is 19.40%, while Ethereum (ETH-USD) has a volatility of 21.30%. 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.