BHDG vs. ARKY

Last updated Jun 5, 2026

BHDG (Nicholas Bitcoin Tail ETF) and ARKY (ARK 21Shares Active Bitcoin Ethereum Strategy ETF) are both Cryptocurrency funds. Both are actively managed. BHDG charges 0.97%/yr vs 1.00%/yr for ARKY.

Performance

BHDG vs. ARKY - Performance Comparison

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

Returns By Period

BHDG

• 1D: 1.61%
• 1M: 9.60%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARKY

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

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

BHDG vs. ARKY - Yearly Performance Comparison

	2026 (YTD)
BHDG Nicholas Bitcoin Tail ETF	-2.24%
ARKY ARK 21Shares Active Bitcoin Ethereum Strategy ETF	0.00%

Return for Risk

BHDG vs. ARKY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nicholas Bitcoin Tail ETF (BHDG) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BHDG	ARKY	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.54	—	—

Drawdowns

BHDG vs. ARKY - Drawdown Comparison

The maximum BHDG drawdown since its inception was -15.06%, which is greater than ARKY's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for BHDG and ARKY.

Drawdown Indicators

	BHDG	ARKY	Difference
Max Drawdown Largest peak-to-trough decline	-15.06%	0.00%	-15.06%
Current Drawdown Current decline from peak	-6.21%	0.00%	-6.21%
Average Drawdown Average peak-to-trough decline	-9.23%	0.00%	-9.23%

Volatility

Volatility by Period

	BHDG	ARKY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	18.88%	0.00%	+18.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.88%	0.00%	+18.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.88%	0.00%	+18.88%

BHDG vs. ARKY - Expense Ratio Comparison

BHDG has a 0.97% expense ratio, which is lower than ARKY's 1.00% expense ratio.

Dividends

BHDG vs. ARKY - Dividend Comparison

Neither BHDG nor ARKY has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, BHDG or ARKY?

On fees, BHDG is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BHDG or ARKY?

BHDG is cheaper with a 0.97% expense ratio, compared with 1.00% for ARKY.

Which ETF pays a higher dividend yield, BHDG or ARKY?

BHDG and ARKY have nearly identical dividend yields, around 0.00%.

What is the main difference between BHDG and ARKY?

They also come from different issuers: Nicholas and ARK. Their fees differ too: 0.97% for BHDG and 1.00% for ARKY.