GBTC vs. ARKW
Compare and contrast key facts about Grayscale Bitcoin Trust (BTC) (GBTC) and ARK Next Generation Internet ETF (ARKW).
ARKW is an actively managed fund by ARK Investment Management. It was launched on Sep 30, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GBTC or ARKW.
Key characteristics
| GBTC | ARKW | |
|---|---|---|
| YTD Return | 69.90% | 2.90% |
| 1Y Return | 302.05% | 60.83% |
| 3Y Return (Ann) | 14.28% | -14.56% |
| 5Y Return (Ann) | 44.96% | 9.82% |
| Sharpe Ratio | 4.95 | 1.75 |
| Daily Std Dev | 59.07% | 33.06% |
| Max Drawdown | -89.91% | -80.01% |
| Current Drawdown | -10.31% | -57.18% |
Correlation
The correlation between GBTC and ARKW is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GBTC vs. ARKW - Performance Comparison
In the year-to-date period, GBTC achieves a 69.90% return, which is significantly higher than ARKW's 2.90% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
GBTC vs. ARKW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Trust (BTC) (GBTC) and ARK Next Generation Internet ETF (ARKW). 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.
Dividends
GBTC vs. ARKW - Dividend Comparison
Neither GBTC nor ARKW has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
GBTC Grayscale Bitcoin Trust (BTC) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.26% | 0.00% | 0.00% |
ARKW ARK Next Generation Internet ETF | 0.00% | 0.00% | 0.00% | 2.79% | 1.29% | 0.00% | 13.06% | 2.05% | 0.00% | 2.29% |
Drawdowns
GBTC vs. ARKW - Drawdown Comparison
The maximum GBTC drawdown since its inception was -89.91%, which is greater than ARKW's maximum drawdown of -80.01%. Use the drawdown chart below to compare losses from any high point for GBTC and ARKW. For additional features, visit the drawdowns tool.
Volatility
GBTC vs. ARKW - Volatility Comparison
Grayscale Bitcoin Trust (BTC) (GBTC) has a higher volatility of 15.84% compared to ARK Next Generation Internet ETF (ARKW) at 8.67%. This indicates that GBTC's price experiences larger fluctuations and is considered to be riskier than ARKW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.