ETCO vs. ARKY

Last updated Jun 5, 2026

ETCO (Grayscale Ethereum Covered Call ETF) and ARKY (ARK 21Shares Active Bitcoin Ethereum Strategy ETF) are both Cryptocurrency funds. Both are actively managed. ETCO charges 0.66%/yr vs 1.00%/yr for ARKY.

Performance

ETCO vs. ARKY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Ethereum Covered Call ETF (ETCO) and ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY). 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*: —

ARKY

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETCO vs. ARKY - Yearly Performance Comparison

	2026 (YTD)
ETCO Grayscale Ethereum Covered Call ETF	-2.27%
ARKY ARK 21Shares Active Bitcoin Ethereum Strategy ETF	0.00%

Return for Risk

ETCO vs. ARKY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Covered Call ETF (ETCO) 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

	ETCO	ARKY	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.17	—	—

Drawdowns

ETCO vs. ARKY - Drawdown Comparison

The maximum ETCO drawdown since its inception was -56.81%, which is greater than ARKY's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for ETCO and ARKY.

Drawdown Indicators

	ETCO	ARKY	Difference
Max Drawdown Largest peak-to-trough decline	-56.81%	0.00%	-56.81%
Current Drawdown Current decline from peak	-55.08%	0.00%	-55.08%
Average Drawdown Average peak-to-trough decline	-34.54%	0.00%	-34.54%

Volatility

Volatility by Period

	ETCO	ARKY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	52.38%	0.00%	+52.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.38%	0.00%	+52.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.38%	0.00%	+52.38%

ETCO vs. ARKY - Expense Ratio Comparison

ETCO has a 0.66% expense ratio, which is lower than ARKY's 1.00% expense ratio.

Dividends

ETCO vs. ARKY - Dividend Comparison

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

Position	TTM	2025
ARKY ARK 21Shares Active Bitcoin Ethereum Strategy ETF	0.00%	0.00%
ETCO Grayscale Ethereum Covered Call ETF	129.56%	42.29%

Frequently Asked Questions

Which ETF is better, ETCO or ARKY?

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 ARKY?

ETCO is cheaper with a 0.66% expense ratio, compared with 1.00% for ARKY.

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

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

What is the main difference between ETCO and ARKY?

They also come from different issuers: Grayscale and ARK. Their fees differ too: 0.66% for ETCO and 1.00% for ARKY.