ETHW vs. ARKY

Last updated Jun 4, 2026

ETHW (Bitwise Ethereum ETF) and ARKY (ARK 21Shares Active Bitcoin Ethereum Strategy ETF) are both Cryptocurrency funds. Both are actively managed. ETHW charges 0.20%/yr vs 1.00%/yr for ARKY.

Performance

ETHW vs. ARKY - Performance Comparison

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

Returns By Period

ETHW

• 1D: -5.78%
• 1M: -23.65%
• YTD: -39.45%
• 6M: -42.65%
• 1Y: -31.71%
• 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)

ETHW vs. ARKY - Yearly Performance Comparison

	2026 (YTD)
ETHW Bitwise Ethereum ETF	-12.38%
ARKY ARK 21Shares Active Bitcoin Ethereum Strategy ETF	0.00%

Return for Risk

ETHW vs. ARKY — Risk / Return Rank

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

ETHW

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

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.

ETHW vs. ARKY - Risk-Adjusted Trends Comparison

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

	ETHW	ARKY	Difference
Sharpe ratio Return per unit of total volatility	-0.47	—	—
Sortino ratio Return per unit of downside risk	-0.32	—	—
Omega ratio Gain probability vs. loss probability	0.96	—	—
Calmar ratio Return relative to maximum drawdown	-0.51	—	—
Martin ratio Return relative to average drawdown	-0.84	—	—
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

	ETHW	ARKY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.41	—	—

Drawdowns

ETHW vs. ARKY - Drawdown Comparison

The maximum ETHW drawdown since its inception was -64.04%, which is greater than ARKY's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for ETHW and ARKY.

Drawdown Indicators

	ETHW	ARKY	Difference
Max Drawdown Largest peak-to-trough decline	-64.04%	0.00%	-64.04%
Max Drawdown (1Y) Largest decline over 1 year	-62.87%	—	—
Current Drawdown Current decline from peak	-62.87%	0.00%	-62.87%
Average Drawdown Average peak-to-trough decline	-32.65%	0.00%	-32.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.74%	—	—

Volatility

Volatility by Period

	ETHW	ARKY	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	46.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	68.33%	0.00%	+68.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.13%	0.00%	+72.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.13%	0.00%	+72.13%

ETHW vs. ARKY - Expense Ratio Comparison

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

Dividends

ETHW vs. ARKY - Dividend Comparison

Neither ETHW nor ARKY has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, ETHW or ARKY?

On fees, ETHW is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ETHW or ARKY?

ETHW is cheaper with a 0.20% expense ratio, compared with 1.00% for ARKY.

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

ETHW and ARKY have nearly identical dividend yields, around 0.00%.

What is the main difference between ETHW and ARKY?

They also come from different issuers: Bitwise and ARK. Their fees differ too: 0.20% for ETHW and 1.00% for ARKY.