ETHV vs. ARKY

Last updated Apr 2, 2026

Compare and contrast key facts about VanEck Ethereum ETF (ETHV) and ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY).

ETHV and ARKY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ETHV is a passively managed fund by VanEck that tracks the performance of the MarketVector Ethereum Benchmark Rate. It was launched on Jun 25, 2024. ARKY is an actively managed fund by ARK. It was launched on Nov 14, 2023.

Performance

ETHV vs. ARKY - Performance Comparison

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

ETHV vs. ARKY - Yearly Performance Comparison

	2026 (YTD)
ETHV VanEck Ethereum ETF	4.30%
ARKY ARK 21Shares Active Bitcoin Ethereum Strategy ETF	0.00%

Returns By Period

ETHV

• 1D: 2.15%
• 1M: 5.07%
• YTD: -27.92%
• 6M: -50.71%
• 1Y: 11.86%
• 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)

ETHV vs. ARKY - Expense Ratio Comparison

ETHV has a 0.20% expense ratio, which is lower than ARKY's 1.00% expense ratio.

ARKY

ARK 21Shares Active Bitcoin Ethereum Strategy ETF

ETHV

VanEck Ethereum ETF

Return for Risk

ETHV vs. ARKY — Risk / Return Rank

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

ETHV

ETHV Risk / Return Rank: 19
ETHV Sharpe Ratio Rank: 15
ETHV Sortino Ratio Rank: 25
ETHV Omega Ratio Rank: 22
ETHV Calmar Ratio Rank: 17
ETHV Martin Ratio Rank: 16

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.

ETHV vs. ARKY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Ethereum ETF (ETHV) 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.

	ETHV	ARKY	Difference
Sharpe ratio Return per unit of total volatility	0.16	—	—
Sortino ratio Return per unit of downside risk	0.80	—	—
Omega ratio Gain probability vs. loss probability	1.09	—	—
Calmar ratio Return relative to maximum drawdown	0.28	—	—
Martin ratio Return relative to average drawdown	0.56	—	—
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

	ETHV	ARKY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.33	—	—

Dividends

ETHV vs. ARKY - Dividend Comparison

Neither ETHV nor ARKY has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

ETHV vs. ARKY - Drawdown Comparison

The maximum ETHV drawdown since its inception was -64.02%, which is greater than ARKY's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for ETHV and ARKY.

Drawdown Indicators

	ETHV	ARKY	Difference
Max Drawdown Largest peak-to-trough decline	-64.02%	0.00%	-64.02%
Max Drawdown (1Y) Largest decline over 1 year	-61.66%	—	—
Current Drawdown Current decline from peak	-55.81%	0.00%	-55.81%
Average Drawdown Average peak-to-trough decline	-30.45%	0.00%	-30.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.61%	—	—

Volatility

Volatility by Period

	ETHV	ARKY	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	53.57%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	75.78%	0.00%	+75.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.81%	0.00%	+74.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.81%	0.00%	+74.81%