BITX vs. ARKY

Last updated Apr 2, 2026

Compare and contrast key facts about Volatility Shares 2x Bitcoin Strategy ETF (BITX) and ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY).

BITX and ARKY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BITX is an actively managed fund by Volatility Shares. It was launched on Jun 27, 2023. ARKY is an actively managed fund by ARK. It was launched on Nov 14, 2023.

Performance

BITX vs. ARKY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Volatility Shares 2x Bitcoin Strategy ETF (BITX) and ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY). The values are adjusted to include any dividend payments, if applicable.

BITX vs. ARKY - Yearly Performance Comparison

	2026 (YTD)
BITX Volatility Shares 2x Bitcoin Strategy ETF	-9.72%
ARKY ARK 21Shares Active Bitcoin Ethereum Strategy ETF	0.00%

Returns By Period

BITX

• 1D: 1.09%
• 1M: -5.43%
• YTD: -46.11%
• 6M: -72.82%
• 1Y: -55.43%
• 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)

BITX vs. ARKY - Expense Ratio Comparison

BITX has a 1.85% expense ratio, which is higher than ARKY's 1.00% expense ratio.

BITX

Volatility Shares 2x Bitcoin Strategy ETF

ARKY

ARK 21Shares Active Bitcoin Ethereum Strategy ETF

Return for Risk

BITX vs. ARKY — Risk / Return Rank

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

BITX

BITX Risk / Return Rank: 3
BITX Sharpe Ratio Rank: 3
BITX Sortino Ratio Rank: 3
BITX Omega Ratio Rank: 4
BITX Calmar Ratio Rank: 2
BITX Martin Ratio Rank: 2

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.

BITX vs. ARKY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x Bitcoin Strategy ETF (BITX) 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.

	BITX	ARKY	Difference
Sharpe ratio Return per unit of total volatility	-0.62	—	—
Sortino ratio Return per unit of downside risk	-0.61	—	—
Omega ratio Gain probability vs. loss probability	0.93	—	—
Calmar ratio Return relative to maximum drawdown	-0.68	—	—
Martin ratio Return relative to average drawdown	-1.29	—	—
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

	BITX	ARKY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	—	—

Dividends

BITX vs. ARKY - Dividend Comparison

BITX's dividend yield for the trailing twelve months is around 36.26%, while ARKY has not paid dividends to shareholders.

	TTM	2025	2024
BITX Volatility Shares 2x Bitcoin Strategy ETF	36.26%	21.69%	10.70%
ARKY ARK 21Shares Active Bitcoin Ethereum Strategy ETF	0.00%	0.00%	0.00%

Drawdowns

BITX vs. ARKY - Drawdown Comparison

The maximum BITX drawdown since its inception was -77.88%, which is greater than ARKY's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for BITX and ARKY.

Drawdown Indicators

	BITX	ARKY	Difference
Max Drawdown Largest peak-to-trough decline	-77.88%	0.00%	-77.88%
Max Drawdown (1Y) Largest decline over 1 year	-77.88%	—	—
Current Drawdown Current decline from peak	-76.18%	0.00%	-76.18%
Average Drawdown Average peak-to-trough decline	-29.26%	0.00%	-29.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.73%	—	—

Volatility

Volatility by Period

	BITX	ARKY	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.94%	—	—
Volatility (6M) Calculated over the trailing 6-month period	73.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	90.21%	0.00%	+90.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	99.82%	0.00%	+99.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	99.82%	0.00%	+99.82%