BITQ vs. ARKD

Last updated Jun 5, 2026

BITQ (Bitwise Crypto Industry Innovators ETF) and ARKD (ARK 21Shares Digital Asset and Blockchain Strategy ETF) are both exchange-traded funds - BITQ is a Technology Equities fund tracking the Bitwise Crypto Innovators 30 Total Return, while ARKD is a Cryptocurrency fund actively managed by ARK. BITQ is passively managed, while ARKD is actively managed. A 0.78 correlation means they provide meaningful diversification when combined. BITQ charges 0.85%/yr vs 0.90%/yr for ARKD.

Performance

BITQ vs. ARKD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Crypto Industry Innovators ETF (BITQ) and ARK 21Shares Digital Asset and Blockchain Strategy ETF (ARKD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BITQ

• 1D: -1.33%
• 1M: 4.84%
• YTD: 37.93%
• 6M: 16.04%
• 1Y: 53.75%
• 3Y*: 60.76%
• 5Y*: 4.91%
• 10Y*: —

ARKD

• 1D: 1.76%
• 1M: 2.65%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BITQ vs. ARKD - Yearly Performance Comparison

	2026 (YTD)
BITQ Bitwise Crypto Industry Innovators ETF	29.43%
ARKD ARK 21Shares Digital Asset and Blockchain Strategy ETF	-0.32%

Correlation

The correlation between BITQ and ARKD is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 5, 2026	0.78

Return for Risk

BITQ vs. ARKD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BITQ

BITQ Risk / Return Rank: 27
BITQ Sharpe Ratio Rank: 28
BITQ Sortino Ratio Rank: 30
BITQ Omega Ratio Rank: 28
BITQ Calmar Ratio Rank: 26
BITQ Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BITQ vs. ARKD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Crypto Industry Innovators ETF (BITQ) and ARK 21Shares Digital Asset and Blockchain Strategy ETF (ARKD). 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.

	BITQ	ARKD	Difference
Sharpe ratio: Return per unit of total volatility	0.97	—	—
Sortino ratio: Return per unit of downside risk	1.57	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.20	—	—
Martin ratio: Return relative to average drawdown	2.53	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BITQ	ARKD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	-0.04	+0.10

Drawdowns

BITQ vs. ARKD - Drawdown Comparison

The maximum BITQ drawdown since its inception was -90.32%, which is greater than ARKD's maximum drawdown of -14.03%. Use the drawdown chart below to compare losses from any high point for BITQ and ARKD.

Drawdown Indicators

	BITQ	ARKD	Difference
Max Drawdown Largest peak-to-trough decline	-90.32%	-14.03%	-76.29%
Max Drawdown (1Y) Largest decline over 1 year	-44.99%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-51.22%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-90.32%	—	—
Current Drawdown Current decline from peak	-15.21%	-2.83%	-12.38%
Average Drawdown Average peak-to-trough decline	-52.77%	-6.18%	-46.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.33%	—	—

Volatility

Volatility by Period

	BITQ	ARKD	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.24%	—	—
Volatility (6M) Calculated over the trailing 6-month period	42.58%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	55.93%	19.90%	+36.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.18%	19.90%	+47.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.21%	19.90%	+47.31%

BITQ vs. ARKD - Expense Ratio Comparison

BITQ has a 0.85% expense ratio, which is lower than ARKD's 0.90% expense ratio.

Dividends

BITQ vs. ARKD - Dividend Comparison

Neither BITQ nor ARKD has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
ARKD ARK 21Shares Digital Asset and Blockchain Strategy ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BITQ Bitwise Crypto Industry Innovators ETF	0.00%	0.00%	0.90%	1.51%	0.00%	3.12%

Frequently Asked Questions

Can I hold both BITQ and ARKD in my portfolio?

BITQ and ARKD have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BITQ or ARKD?

On fees, BITQ is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BITQ or ARKD?

BITQ is cheaper with a 0.85% expense ratio, compared with 0.90% for ARKD.

Which ETF pays a higher dividend yield, BITQ or ARKD?

BITQ and ARKD have nearly identical dividend yields, around 0.00%.

What is the main difference between BITQ and ARKD?

BITQ is categorized as Technology Equities, while ARKD is Cryptocurrency. They also come from different issuers: Exchange Traded Concepts and ARK. Their fees differ too: 0.85% for BITQ and 0.90% for ARKD.