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BITW vs. ARKK
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BITW and ARKK is 0.34, 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

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise 10 Crypto Index Fund (BITW) and ARK Innovation ETF (ARKK). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

BITW:

1.63

ARKK:

0.67

Sortino Ratio

BITW:

2.43

ARKK:

1.18

Omega Ratio

BITW:

1.28

ARKK:

1.15

Calmar Ratio

BITW:

1.23

ARKK:

0.39

Martin Ratio

BITW:

5.63

ARKK:

2.13

Ulcer Index

BITW:

17.69%

ARKK:

13.77%

Daily Std Dev

BITW:

56.67%

ARKK:

44.71%

Max Drawdown

BITW:

-96.46%

ARKK:

-80.91%

Current Drawdown

BITW:

-56.49%

ARKK:

-62.41%

Returns By Period

In the year-to-date period, BITW achieves a 0.22% return, which is significantly lower than ARKK's 2.82% return.


BITW

YTD

0.22%

1M

29.34%

6M

10.97%

1Y

91.70%

5Y*

N/A

10Y*

N/A

ARKK

YTD

2.82%

1M

29.48%

6M

9.18%

1Y

29.83%

5Y*

0.52%

10Y*

11.72%

*Annualized

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Risk-Adjusted Performance

BITW vs. ARKK — Risk-Adjusted Performance Rank

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

BITW
The Risk-Adjusted Performance Rank of BITW is 8989
Overall Rank
The Sharpe Ratio Rank of BITW is 9393
Sharpe Ratio Rank
The Sortino Ratio Rank of BITW is 9191
Sortino Ratio Rank
The Omega Ratio Rank of BITW is 8686
Omega Ratio Rank
The Calmar Ratio Rank of BITW is 8787
Calmar Ratio Rank
The Martin Ratio Rank of BITW is 8888
Martin Ratio Rank

ARKK
The Risk-Adjusted Performance Rank of ARKK is 6161
Overall Rank
The Sharpe Ratio Rank of ARKK is 6767
Sharpe Ratio Rank
The Sortino Ratio Rank of ARKK is 7070
Sortino Ratio Rank
The Omega Ratio Rank of ARKK is 6464
Omega Ratio Rank
The Calmar Ratio Rank of ARKK is 4646
Calmar Ratio Rank
The Martin Ratio Rank of ARKK is 5858
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current BITW Sharpe Ratio is 1.63, which is higher than the ARKK Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of BITW and ARKK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

BITW vs. ARKK - Dividend Comparison

Neither BITW nor ARKK has paid dividends to shareholders.


TTM2024202320222021202020192018201720162015
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%0.00%
ARKK
ARK Innovation ETF
0.00%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.


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Volatility

BITW vs. ARKK - Volatility Comparison

Bitwise 10 Crypto Index Fund (BITW) and ARK Innovation ETF (ARKK) have volatilities of 12.31% and 12.02%, 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.


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