BWOW vs. ARKY

Last updated Jun 4, 2026

BWOW (Bitwise Dogecoin ETF) and ARKY (ARK 21Shares Active Bitcoin Ethereum Strategy ETF) are both Cryptocurrency funds. BWOW is passively managed, while ARKY is actively managed. BWOW charges 0.34%/yr vs 1.00%/yr for ARKY.

Performance

BWOW vs. ARKY - Performance Comparison

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

Returns By Period

BWOW

• 1D: -2.45%
• 1M: -16.98%
• YTD: -21.75%
• 6M: -39.23%
• 1Y: —
• 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)

BWOW vs. ARKY - Yearly Performance Comparison

	2026 (YTD)
BWOW Bitwise Dogecoin ETF	-7.11%
ARKY ARK 21Shares Active Bitcoin Ethereum Strategy ETF	0.00%

Return for Risk

BWOW vs. ARKY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Dogecoin ETF (BWOW) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BWOW	ARKY	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.87	—	—

Drawdowns

BWOW vs. ARKY - Drawdown Comparison

The maximum BWOW drawdown since its inception was -42.77%, which is greater than ARKY's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for BWOW and ARKY.

Drawdown Indicators

	BWOW	ARKY	Difference
Max Drawdown Largest peak-to-trough decline	-42.77%	0.00%	-42.77%
Current Drawdown Current decline from peak	-41.02%	0.00%	-41.02%
Average Drawdown Average peak-to-trough decline	-28.82%	0.00%	-28.82%

Volatility

Volatility by Period

	BWOW	ARKY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	74.31%	0.00%	+74.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.31%	0.00%	+74.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.31%	0.00%	+74.31%

BWOW vs. ARKY - Expense Ratio Comparison

BWOW has a 0.34% expense ratio, which is lower than ARKY's 1.00% expense ratio.

Dividends

BWOW vs. ARKY - Dividend Comparison

Neither BWOW nor ARKY has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, BWOW or ARKY?

On fees, BWOW is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BWOW or ARKY?

BWOW is cheaper with a 0.34% expense ratio, compared with 1.00% for ARKY.

Which ETF pays a higher dividend yield, BWOW or ARKY?

BWOW and ARKY have nearly identical dividend yields, around 0.00%.

What is the main difference between BWOW and ARKY?

They also come from different issuers: Bitwise and ARK. Their fees differ too: 0.34% for BWOW and 1.00% for ARKY.