DEFI vs. ARKB
Compare and contrast key facts about Hashdex Bitcoin Futures ETF (DEFI) and ARK 21Shares Bitcoin ETF (ARKB).
DEFI and ARKB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DEFI is a passively managed fund by Hashdex that tracks the performance of the HDEFI – Hashdex U.S. Bitcoin Futures Fund Benchmark Index. It was launched on Sep 15, 2022. ARKB is a passively managed fund by ARK Investment Management that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 10, 2024. Both DEFI and ARKB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DEFI or ARKB.
Correlation
The correlation between DEFI and ARKB is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DEFI vs. ARKB - Performance Comparison
Key characteristics
DEFI:
0.34
ARKB:
0.36
DEFI:
0.86
ARKB:
0.91
DEFI:
1.10
ARKB:
1.10
DEFI:
0.64
ARKB:
0.71
DEFI:
1.44
ARKB:
1.56
DEFI:
12.67%
ARKB:
12.47%
DEFI:
54.18%
ARKB:
54.09%
DEFI:
-28.43%
ARKB:
-27.40%
DEFI:
-20.77%
ARKB:
-20.41%
Returns By Period
The year-to-date returns for both investments are quite close, with DEFI having a -9.23% return and ARKB slightly higher at -9.09%.
DEFI
-9.23%
1.27%
36.87%
20.49%
N/A
N/A
ARKB
-9.09%
0.87%
37.45%
21.51%
N/A
N/A
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DEFI vs. ARKB - Expense Ratio Comparison
DEFI has a 0.90% expense ratio, which is higher than ARKB's 0.21% expense ratio.
Risk-Adjusted Performance
DEFI vs. ARKB — Risk-Adjusted Performance Rank
DEFI
ARKB
DEFI vs. ARKB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hashdex Bitcoin Futures ETF (DEFI) and ARK 21Shares Bitcoin ETF (ARKB). 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
DEFI vs. ARKB - Dividend Comparison
Neither DEFI nor ARKB has paid dividends to shareholders.
Drawdowns
DEFI vs. ARKB - Drawdown Comparison
The maximum DEFI drawdown since its inception was -28.43%, roughly equal to the maximum ARKB drawdown of -27.40%. Use the drawdown chart below to compare losses from any high point for DEFI and ARKB. For additional features, visit the drawdowns tool.
Volatility
DEFI vs. ARKB - Volatility Comparison
Hashdex Bitcoin Futures ETF (DEFI) and ARK 21Shares Bitcoin ETF (ARKB) have volatilities of 16.69% and 16.47%, 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.