ARKZ vs. ETH-USD
Compare and contrast key facts about ARK 21Shares Active Ethereum Futures Strategy ETF (ARKZ) and Ethereum (ETH-USD).
ARKZ is an actively managed fund by ARK. It was launched on Nov 13, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKZ or ETH-USD.
Correlation
The correlation between ARKZ and ETH-USD is 0.70, 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. ETH-USD - Performance Comparison
Key characteristics
ARKZ:
-0.73
ETH-USD:
-0.74
ARKZ:
-0.89
ETH-USD:
-0.97
ARKZ:
0.89
ETH-USD:
0.90
ARKZ:
-0.78
ETH-USD:
0.03
ARKZ:
-1.66
ETH-USD:
-1.95
ARKZ:
31.33%
ETH-USD:
27.41%
ARKZ:
71.44%
ETH-USD:
58.67%
ARKZ:
-66.91%
ETH-USD:
-93.96%
ARKZ:
-64.30%
ETH-USD:
-67.11%
Returns By Period
The year-to-date returns for both investments are quite close, with ARKZ having a -53.67% return and ETH-USD slightly higher at -52.51%.
ARKZ
-53.67%
-22.42%
-42.90%
-52.18%
N/A
N/A
ETH-USD
-52.51%
-23.09%
-40.09%
-48.38%
54.22%
N/A
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Risk-Adjusted Performance
ARKZ vs. ETH-USD — Risk-Adjusted Performance Rank
ARKZ
ETH-USD
ARKZ vs. ETH-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK 21Shares Active Ethereum Futures Strategy ETF (ARKZ) 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
ARKZ vs. ETH-USD - Drawdown Comparison
The maximum ARKZ drawdown since its inception was -66.91%, smaller than the maximum ETH-USD drawdown of -93.96%. Use the drawdown chart below to compare losses from any high point for ARKZ and ETH-USD. For additional features, visit the drawdowns tool.
Volatility
ARKZ vs. ETH-USD - Volatility Comparison
ARK 21Shares Active Ethereum Futures Strategy ETF (ARKZ) and Ethereum (ETH-USD) have volatilities of 27.49% and 26.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.