ARKZ vs. ARKY
Compare and contrast key facts about ARK 21Shares Active Ethereum Futures Strategy ETF (ARKZ) and ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY).
ARKZ and ARKY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARKZ is an actively managed fund by ARK. It was launched on Nov 13, 2023. 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: ARKZ or ARKY.
Correlation
The correlation between ARKZ and ARKY is 0.91, 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
ARKZ vs. ARKY - Performance Comparison
Key characteristics
ARKZ:
-0.63
ARKY:
-0.14
ARKZ:
-0.67
ARKY:
0.21
ARKZ:
0.92
ARKY:
1.02
ARKZ:
-0.85
ARKY:
-0.20
ARKZ:
-1.50
ARKY:
-0.38
ARKZ:
29.33%
ARKY:
21.62%
ARKZ:
69.60%
ARKY:
58.05%
ARKZ:
-51.66%
ARKY:
-42.10%
ARKZ:
-50.04%
ARKY:
-24.19%
Returns By Period
In the year-to-date period, ARKZ achieves a -35.15% return, which is significantly lower than ARKY's -12.49% return.
ARKZ
-35.15%
-20.50%
-10.77%
-47.90%
N/A
N/A
ARKY
-12.49%
-11.99%
36.45%
-12.84%
N/A
N/A
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ARKZ vs. ARKY - Expense Ratio Comparison
ARKZ has a 0.70% expense ratio, which is lower than ARKY's 1.00% expense ratio.
Risk-Adjusted Performance
ARKZ vs. ARKY — Risk-Adjusted Performance Rank
ARKZ
ARKY
ARKZ vs. ARKY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK 21Shares Active Ethereum Futures Strategy ETF (ARKZ) and ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY). 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
ARKZ vs. ARKY - Dividend Comparison
ARKZ's dividend yield for the trailing twelve months is around 4.44%, less than ARKY's 21.73% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
ARKZ ARK 21Shares Active Ethereum Futures Strategy ETF | 5.01% | 2.88% | 0.19% |
ARKY ARK 21Shares Active Bitcoin Ethereum Strategy ETF | 23.51% | 19.02% | 0.00% |
Drawdowns
ARKZ vs. ARKY - Drawdown Comparison
The maximum ARKZ drawdown since its inception was -51.66%, which is greater than ARKY's maximum drawdown of -42.10%. Use the drawdown chart below to compare losses from any high point for ARKZ and ARKY. For additional features, visit the drawdowns tool.
Volatility
ARKZ vs. ARKY - Volatility Comparison
ARK 21Shares Active Ethereum Futures Strategy ETF (ARKZ) has a higher volatility of 21.42% compared to ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) at 17.37%. This indicates that ARKZ's price experiences larger fluctuations and is considered to be riskier than ARKY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.