ETHT vs. ARKD

Last updated Jun 4, 2026

ETHT (ProShares Ultra Ether ETF) and ARKD (ARK 21Shares Digital Asset and Blockchain Strategy ETF) are both Cryptocurrency funds. ETHT is passively managed, while ARKD is actively managed. A 0.68 correlation means they provide meaningful diversification when combined. ETHT charges 0.94%/yr vs 0.90%/yr for ARKD.

Performance

ETHT vs. ARKD - Performance Comparison

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

Returns By Period

ETHT

• 1D: -11.32%
• 1M: -43.48%
• YTD: -72.39%
• 6M: -76.21%
• 1Y: -76.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARKD

• 1D: -1.44%
• 1M: -0.46%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETHT vs. ARKD - Yearly Performance Comparison

	2026 (YTD)
ETHT ProShares Ultra Ether ETF	-74.89%
ARKD ARK 21Shares Digital Asset and Blockchain Strategy ETF	-2.04%

Correlation

The correlation between ETHT and ARKD is 0.68, 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	0.68

Return for Risk

ETHT vs. ARKD — Risk / Return Rank

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

ETHT

ETHT Risk / Return Rank: 3
ETHT Sharpe Ratio Rank: 4
ETHT Sortino Ratio Rank: 4
ETHT Omega Ratio Rank: 5
ETHT Calmar Ratio Rank: 2
ETHT Martin Ratio Rank: 3

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.

ETHT vs. ARKD - Risk-Adjusted Trends Comparison

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

	ETHT	ARKD	Difference
Sharpe ratio: Return per unit of total volatility	-0.56	—	—
Sortino ratio: Return per unit of downside risk	-0.54	—	—
Omega ratio: Gain probability vs. loss probability	0.94	—	—
Calmar ratio: Return relative to maximum drawdown	-0.83	—	—
Martin ratio: Return relative to average drawdown	-1.22	—	—
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

	ETHT	ARKD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.54	-0.25	-0.29

Drawdowns

ETHT vs. ARKD - Drawdown Comparison

The maximum ETHT drawdown since its inception was -94.34%, which is greater than ARKD's maximum drawdown of -14.03%. Use the drawdown chart below to compare losses from any high point for ETHT and ARKD.

Drawdown Indicators

	ETHT	ARKD	Difference
Max Drawdown Largest peak-to-trough decline	-94.34%	-14.03%	-80.31%
Max Drawdown (1Y) Largest decline over 1 year	-91.91%	—	—
Current Drawdown Current decline from peak	-94.34%	-4.51%	-89.83%
Average Drawdown Average peak-to-trough decline	-64.82%	-6.21%	-58.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	62.48%	—	—

Volatility

Volatility by Period

	ETHT	ARKD	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	92.88%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	136.57%	19.81%	+116.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	142.90%	19.81%	+123.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	142.90%	19.81%	+123.09%

ETHT vs. ARKD - Expense Ratio Comparison

ETHT has a 0.94% expense ratio, which is higher than ARKD's 0.90% expense ratio.

Dividends

ETHT vs. ARKD - Dividend Comparison

ETHT's dividend yield for the trailing twelve months is around 17.20%, while ARKD has not paid dividends to shareholders.

Position	TTM	2025	2024
ARKD ARK 21Shares Digital Asset and Blockchain Strategy ETF	0.00%	0.00%	0.00%
ETHT ProShares Ultra Ether ETF	17.20%	4.57%	0.02%

Frequently Asked Questions

Can I hold both ETHT and ARKD in my portfolio?

ETHT and ARKD have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ETHT or ARKD?

On fees, ARKD is cheaper at 0.90% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ETHT or ARKD?

ARKD is cheaper with a 0.90% expense ratio, compared with 0.94% for ETHT.

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

ETHT has the higher dividend yield at 17.20%, compared with 0.00% for ARKD.

What is the main difference between ETHT and ARKD?

They also come from different issuers: ProShares and ARK. Their fees differ too: 0.94% for ETHT and 0.90% for ARKD.