BITO vs. ARKY
Compare and contrast key facts about ProShares Bitcoin Strategy ETF (BITO) and ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY).
BITO and ARKY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021. ARKY is an actively managed fund by ARK. It was launched on Nov 14, 2023.
Performance
BITO vs. ARKY - Performance Comparison
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BITO vs. ARKY - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BITO ProShares Bitcoin Strategy ETF | -3.19% |
ARKY ARK 21Shares Active Bitcoin Ethereum Strategy ETF | 0.00% |
Returns By Period
BITO
- 1D
- 0.60%
- 1M
- -1.72%
- YTD
- -22.79%
- 6M
- -43.10%
- 1Y
- -23.27%
- 3Y*
- 24.87%
- 5Y*
- —
- 10Y*
- —
ARKY
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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BITO vs. ARKY - Expense Ratio Comparison
BITO has a 0.95% expense ratio, which is lower than ARKY's 1.00% expense ratio.
Return for Risk
BITO vs. ARKY — Risk / Return Rank
BITO
ARKY
BITO vs. ARKY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Bitcoin Strategy ETF (BITO) 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.
| BITO | ARKY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.52 | — | — |
Sortino ratioReturn per unit of downside risk | -0.50 | — | — |
Omega ratioGain probability vs. loss probability | 0.94 | — | — |
Calmar ratioReturn relative to maximum drawdown | -0.42 | — | — |
Martin ratioReturn relative to average drawdown | -0.89 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BITO | ARKY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | — | — |
Dividends
BITO vs. ARKY - Dividend Comparison
BITO's dividend yield for the trailing twelve months is around 80.47%, while ARKY has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 80.47% | 78.29% | 61.59% | 15.14% |
ARKY ARK 21Shares Active Bitcoin Ethereum Strategy ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BITO vs. ARKY - Drawdown Comparison
The maximum BITO drawdown since its inception was -77.86%, which is greater than ARKY's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for BITO and ARKY.
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Drawdown Indicators
| BITO | ARKY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.86% | 0.00% | -77.86% |
Max Drawdown (1Y)Largest decline over 1 year | -50.05% | — | — |
Current DrawdownCurrent decline from peak | -46.75% | 0.00% | -46.75% |
Average DrawdownAverage peak-to-trough decline | -36.57% | 0.00% | -36.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.73% | — | — |
Volatility
BITO vs. ARKY - Volatility Comparison
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Volatility by Period
| BITO | ARKY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.84% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 36.71% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 45.32% | 0.00% | +45.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.77% | 0.00% | +55.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.77% | 0.00% | +55.77% |