ETHA vs. ARKK

Last updated Jun 13, 2026

ETHA (iShares Ethereum Trust ETF) and ARKK (ARK Innovation ETF) are both exchange-traded funds - ETHA is a Cryptocurrency fund tracking the CME CF Ether Dollar Reference Rate - New York Variant, while ARKK is a Technology Equities fund actively managed by ARK. ETHA is passively managed, while ARKK is actively managed. Over the past year, ETHA returned -34.33% vs 21.64% for ARKK. A 0.61 correlation means they provide meaningful diversification when combined. ETHA charges 0.25%/yr vs 0.75%/yr for ARKK.

Performance

ETHA vs. ARKK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Ethereum Trust ETF (ETHA) and ARK Innovation ETF (ARKK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETHA achieves a -43.96% return, which is significantly lower than ARKK's -1.65% return.

ETHA

• 1D: -1.02%
• 1M: -27.59%
• YTD: -43.96%
• 6M: -45.98%
• 1Y: -34.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARKK

• 1D: 0.25%
• 1M: -3.01%
• YTD: -1.65%
• 6M: -5.90%
• 1Y: 21.64%
• 3Y*: 19.87%
• 5Y*: -7.96%
• 10Y*: 15.57%

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

ETHA vs. ARKK - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ETHA iShares Ethereum Trust ETF	-43.96%	-11.31%	-4.89%
ARKK ARK Innovation ETF	-1.65%	35.49%	19.11%

Correlation

The correlation between ETHA and ARKK is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024	0.61

The correlation between ETHA and ARKK has been stable across timeframes, ranging from 0.61 to 0.62 - a consistent structural relationship.

Return for Risk

ETHA vs. ARKK — Risk / Return Rank

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

ETHA

ETHA Risk / Return Rank: 5
ETHA Sharpe Ratio Rank: 5
ETHA Sortino Ratio Rank: 5
ETHA Omega Ratio Rank: 6
ETHA Calmar Ratio Rank: 5
ETHA Martin Ratio Rank: 5

ARKK

ARKK Risk / Return Rank: 20
ARKK Sharpe Ratio Rank: 21
ARKK Sortino Ratio Rank: 22
ARKK Omega Ratio Rank: 20
ARKK Calmar Ratio Rank: 19
ARKK Martin Ratio Rank: 17

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.

ETHA vs. ARKK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Ethereum Trust ETF (ETHA) and ARK Innovation ETF (ARKK). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ETHA	ARKK	Difference
Sharpe ratio: Return per unit of total volatility	-0.56	0.61	-1.17
Sortino ratio: Return per unit of downside risk	-0.51	1.06	-1.56
Omega ratio: Gain probability vs. loss probability	0.94	1.12	-0.18
Calmar ratio: Return relative to maximum drawdown	-0.57	0.70	-1.27
Martin ratio: Return relative to average drawdown	-0.98	1.53	-2.51

ETHA vs. ARKK - Sharpe Ratio Comparison

The current ETHA Sharpe Ratio is -0.56, which is lower than the ARKK Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of ETHA and ARKK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ETHA vs. ARKK - Drawdown Comparison

The maximum ETHA drawdown since its inception was -67.56%, smaller than the maximum ARKK drawdown of -80.97%. Use the drawdown chart below to compare losses from any high point for ETHA and ARKK.

Drawdown Indicators

	ETHA	ARKK	Difference
Max Drawdown Largest peak-to-trough decline	-67.56%	-80.97%	+13.41%
Max Drawdown (1Y) Largest decline over 1 year	-67.56%	-31.35%	-36.21%
Max Drawdown (3Y) Largest decline over 3 years	—	-39.56%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-77.23%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-80.97%	—
Current Drawdown Current decline from peak	-65.65%	-51.01%	-14.64%
Average Drawdown Average peak-to-trough decline	-33.25%	-30.16%	-3.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.22%	14.39%	+24.83%

Volatility

ETHA vs. ARKK - Volatility Comparison

iShares Ethereum Trust ETF (ETHA) has a higher volatility of 17.30% compared to ARK Innovation ETF (ARKK) at 11.81%. This indicates that ETHA's price experiences larger fluctuations and is considered to be riskier than ARKK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETHA	ARKK	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.30%	11.81%	+5.49%
Volatility (6M) Calculated over the trailing 6-month period	46.58%	26.30%	+20.28%
Volatility (1Y) Calculated over the trailing 1-year period	69.29%	36.28%	+33.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.65%	46.40%	+26.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.65%	40.34%	+32.31%

ETHA vs. ARKK - Expense Ratio Comparison

ETHA has a 0.25% expense ratio, which is lower than ARKK's 0.75% expense ratio.

Dividends

ETHA vs. ARKK - Dividend Comparison

Neither ETHA nor ARKK has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARKK ARK Innovation ETF	0.00%	0.00%	0.00%	0.70%	0.00%	0.55%	1.64%	0.38%	3.14%	1.32%	0.00%	2.27%
ETHA iShares Ethereum Trust ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ETHA and ARKK in my portfolio?

ETHA and ARKK have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ETHA or ARKK?

ETHA has higher volatility (17.30%) compared to ARKK (11.81%). In terms of maximum drawdown, ETHA dropped -67.56% vs ARKK's -80.97%.

Which ETF is better, ETHA or ARKK?

On 1-year performance, ARKK leads with 21.64% vs -34.33% for ETHA. On fees, ETHA is cheaper at 0.25% per year. On volatility, ARKK has been the lower-risk option at 11.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ETHA or ARKK?

Over the 1-year period, ARKK has performed better with a 21.64% return vs -34.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ETHA or ARKK?

ETHA is cheaper with a 0.25% expense ratio, compared with 0.75% for ARKK.

Which ETF pays a higher dividend yield, ETHA or ARKK?

ETHA and ARKK have nearly identical dividend yields, around 0.00%.

What is the main difference between ETHA and ARKK?

ETHA is categorized as Cryptocurrency, while ARKK is Technology Equities. They also come from different issuers: iShares and ARK. Their fees differ too: 0.25% for ETHA and 0.75% for ARKK.

Which has better risk-adjusted returns?

ARKK currently has the higher Sharpe Ratio (0.61 vs -0.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.