BITW vs. ARKK
Compare and contrast key facts about Bitwise 10 Crypto Index Fund (BITW) and ARK Innovation ETF (ARKK).
ARKK is an actively managed fund by ARK Investment Management. It was launched on Oct 31, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITW or ARKK.
Key characteristics
| BITW | ARKK | |
|---|---|---|
| YTD Return | 114.98% | 8.48% |
| 1Y Return | 136.20% | 42.35% |
| 3Y Return (Ann) | -0.16% | -21.38% |
| Sharpe Ratio | 2.19 | 1.20 |
| Sortino Ratio | 2.55 | 1.76 |
| Omega Ratio | 1.33 | 1.21 |
| Calmar Ratio | 1.59 | 0.58 |
| Martin Ratio | 10.46 | 2.99 |
| Ulcer Index | 13.50% | 14.36% |
| Daily Std Dev | 64.40% | 35.92% |
| Max Drawdown | -96.46% | -80.91% |
| Current Drawdown | -64.20% | -63.11% |
Correlation
The correlation between BITW and ARKK is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BITW vs. ARKK - Performance Comparison
In the year-to-date period, BITW achieves a 114.98% return, which is significantly higher than ARKK's 8.48% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
BITW vs. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise 10 Crypto Index Fund (BITW) and ARK Innovation ETF (ARKK). 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
BITW vs. ARKK - Dividend Comparison
Neither BITW nor ARKK has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
BITW Bitwise 10 Crypto Index Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.83% | 1.31% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% |
Drawdowns
BITW vs. ARKK - Drawdown Comparison
The maximum BITW drawdown since its inception was -96.46%, which is greater than ARKK's maximum drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for BITW and ARKK. For additional features, visit the drawdowns tool.
Volatility
BITW vs. ARKK - Volatility Comparison
Bitwise 10 Crypto Index Fund (BITW) has a higher volatility of 18.11% compared to ARK Innovation ETF (ARKK) at 13.50%. This indicates that BITW's price experiences larger fluctuations and is considered to be riskier than ARKK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.