ETCO vs. ARKD

Last updated Jun 5, 2026

ETCO (Grayscale Ethereum Covered Call ETF) and ARKD (ARK 21Shares Digital Asset and Blockchain Strategy ETF) are both Cryptocurrency funds. Both are actively managed. A 0.66 correlation means they provide meaningful diversification when combined. ETCO charges 0.66%/yr vs 0.90%/yr for ARKD.

Performance

ETCO vs. ARKD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Ethereum Covered Call ETF (ETCO) and ARK 21Shares Digital Asset and Blockchain Strategy ETF (ARKD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ETCO

• 1D: -1.66%
• 1M: -22.34%
• YTD: -34.48%
• 6M: -36.17%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARKD

• 1D: 1.76%
• 1M: 2.65%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ETCO vs. ARKD - Yearly Performance Comparison

	2026 (YTD)
ETCO Grayscale Ethereum Covered Call ETF	-35.76%
ARKD ARK 21Shares Digital Asset and Blockchain Strategy ETF	-0.32%

Correlation

The correlation between ETCO and ARKD is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 5, 2026	0.66

Return for Risk

ETCO vs. ARKD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Covered Call ETF (ETCO) and ARK 21Shares Digital Asset and Blockchain Strategy ETF (ARKD). 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

	ETCO	ARKD	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.17	-0.04	-1.13

Drawdowns

ETCO vs. ARKD - Drawdown Comparison

The maximum ETCO drawdown since its inception was -56.81%, which is greater than ARKD's maximum drawdown of -14.03%. Use the drawdown chart below to compare losses from any high point for ETCO and ARKD.

Drawdown Indicators

	ETCO	ARKD	Difference
Max Drawdown Largest peak-to-trough decline	-56.81%	-14.03%	-42.78%
Current Drawdown Current decline from peak	-55.08%	-2.83%	-52.25%
Average Drawdown Average peak-to-trough decline	-34.54%	-6.18%	-28.36%

Volatility

Volatility by Period

	ETCO	ARKD	Difference
Volatility (1Y) Calculated over the trailing 1-year period	52.38%	19.90%	+32.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.38%	19.90%	+32.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.38%	19.90%	+32.48%

ETCO vs. ARKD - Expense Ratio Comparison

ETCO has a 0.66% expense ratio, which is lower than ARKD's 0.90% expense ratio.

Dividends

ETCO vs. ARKD - Dividend Comparison

ETCO's dividend yield for the trailing twelve months is around 129.56%, while ARKD has not paid dividends to shareholders.

Position	TTM	2025
ARKD ARK 21Shares Digital Asset and Blockchain Strategy ETF	0.00%	0.00%
ETCO Grayscale Ethereum Covered Call ETF	129.56%	42.29%

Frequently Asked Questions

Can I hold both ETCO and ARKD in my portfolio?

ETCO and ARKD have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ETCO or ARKD?

On fees, ETCO is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ETCO or ARKD?

ETCO is cheaper with a 0.66% expense ratio, compared with 0.90% for ARKD.

Which ETF pays a higher dividend yield, ETCO or ARKD?

ETCO has the higher dividend yield at 129.56%, compared with 0.00% for ARKD.

What is the main difference between ETCO and ARKD?

They also come from different issuers: Grayscale and ARK. Their fees differ too: 0.66% for ETCO and 0.90% for ARKD.