ETHD vs. ARKY

Last updated Jun 4, 2026

ETHD (ProShares UltraShort Ether ETF) and ARKY (ARK 21Shares Active Bitcoin Ethereum Strategy ETF) are both Cryptocurrency funds. Both are actively managed. ETHD charges 1.01%/yr vs 1.00%/yr for ARKY.

Performance

ETHD vs. ARKY - Performance Comparison

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

Returns By Period

ETHD

• 1D: 11.25%
• 1M: 66.19%
• YTD: 63.80%
• 6M: 72.54%
• 1Y: -42.18%
• 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)

ETHD vs. ARKY - Yearly Performance Comparison

	2026 (YTD)
ETHD ProShares UltraShort Ether ETF	-2.52%
ARKY ARK 21Shares Active Bitcoin Ethereum Strategy ETF	0.00%

Return for Risk

ETHD vs. ARKY — Risk / Return Rank

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

ETHD

ETHD Risk / Return Rank: 8
ETHD Sharpe Ratio Rank: 6
ETHD Sortino Ratio Rank: 11
ETHD Omega Ratio Rank: 11
ETHD Calmar Ratio Rank: 4
ETHD Martin Ratio Rank: 6

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.

ETHD vs. ARKY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Ether ETF (ETHD) 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.

	ETHD	ARKY	Difference
Sharpe ratio: Return per unit of total volatility	-0.31	—	—
Sortino ratio: Return per unit of downside risk	0.40	—	—
Omega ratio: Gain probability vs. loss probability	1.05	—	—
Calmar ratio: Return relative to maximum drawdown	-0.51	—	—
Martin ratio: Return relative to average drawdown	-0.64	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ETHD	ARKY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.31	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.35	—	—

Drawdowns

ETHD vs. ARKY - Drawdown Comparison

The maximum ETHD drawdown since its inception was -95.59%, which is greater than ARKY's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for ETHD and ARKY.

Drawdown Indicators

	ETHD	ARKY	Difference
Max Drawdown Largest peak-to-trough decline	-95.59%	0.00%	-95.59%
Max Drawdown (1Y) Largest decline over 1 year	-83.63%	—	—
Current Drawdown Current decline from peak	-87.20%	0.00%	-87.20%
Average Drawdown Average peak-to-trough decline	-66.01%	0.00%	-66.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	66.00%	—	—

Volatility

Volatility by Period

	ETHD	ARKY	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	92.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	136.23%	0.00%	+136.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	142.19%	0.00%	+142.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	142.19%	0.00%	+142.19%

ETHD vs. ARKY - Expense Ratio Comparison

ETHD has a 1.01% expense ratio, which is higher than ARKY's 1.00% expense ratio.

Dividends

ETHD vs. ARKY - Dividend Comparison

ETHD's dividend yield for the trailing twelve months is around 10.68%, while ARKY has not paid dividends to shareholders.

Position	TTM	2025	2024
ARKY ARK 21Shares Active Bitcoin Ethereum Strategy ETF	0.00%	0.00%	0.00%
ETHD ProShares UltraShort Ether ETF	10.68%	156.62%	19.15%

Frequently Asked Questions

Which ETF is better, ETHD or ARKY?

On fees, ARKY is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ETHD or ARKY?

ARKY is cheaper with a 1.00% expense ratio, compared with 1.01% for ETHD.

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

ETHD has the higher dividend yield at 10.68%, compared with 0.00% for ARKY.

What is the main difference between ETHD and ARKY?

They also come from different issuers: ProShares and ARK. Their fees differ too: 1.01% for ETHD and 1.00% for ARKY.