GBTC vs. ARKY
GBTC (Grayscale Bitcoin Trust ETF) and ARKY (ARK 21Shares Active Bitcoin Ethereum Strategy ETF) are both Cryptocurrency funds. GBTC is passively managed, while ARKY is actively managed. GBTC charges 1.50%/yr vs 1.00%/yr for ARKY.
Performance
GBTC vs. ARKY - Performance Comparison
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Returns By Period
GBTC
- 1D
- -2.74%
- 1M
- -22.25%
- YTD
- -27.82%
- 6M
- -31.83%
- 1Y
- -40.35%
- 3Y*
- 53.36%
- 5Y*
- 9.81%
- 10Y*
- 49.21%
ARKY
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GBTC vs. ARKY - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
GBTC Grayscale Bitcoin Trust ETF | -9.68% |
ARKY ARK 21Shares Active Bitcoin Ethereum Strategy ETF | 0.00% |
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Return for Risk
GBTC vs. ARKY — Risk / Return Rank
GBTC
ARKY
GBTC vs. ARKY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Trust ETF (GBTC) 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.
| GBTC | ARKY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.85 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | — | — |
| Martin ratioReturn relative to average drawdown | -1.40 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GBTC | ARKY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.93 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | — | — |
Drawdowns
GBTC vs. ARKY - Drawdown Comparison
The maximum GBTC drawdown since its inception was -89.91%, which is greater than ARKY's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for GBTC and ARKY.
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Drawdown Indicators
| GBTC | ARKY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.91% | 0.00% | -89.91% |
Max Drawdown (1Y)Largest decline over 1 year | -49.87% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -49.87% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -85.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -89.91% | — | — |
Current DrawdownCurrent decline from peak | -49.87% | 0.00% | -49.87% |
Average DrawdownAverage peak-to-trough decline | -43.43% | 0.00% | -43.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.81% | — | — |
Volatility
GBTC vs. ARKY - Volatility Comparison
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Volatility by Period
| GBTC | ARKY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.07% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 33.86% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 43.69% | 0.00% | +43.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.44% | 0.00% | +62.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.20% | 0.00% | +82.20% |
GBTC vs. ARKY - Expense Ratio Comparison
GBTC has a 1.50% expense ratio, which is higher than ARKY's 1.00% expense ratio.
Dividends
GBTC vs. ARKY - Dividend Comparison
Neither GBTC nor ARKY has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ARKY ARK 21Shares Active Bitcoin Ethereum Strategy ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GBTC Grayscale Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 5.61% |
Frequently Asked Questions
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.
ARKY is cheaper with a 1.00% expense ratio, compared with 1.50% for GBTC.
GBTC and ARKY have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Grayscale and ARK. Their fees differ too: 1.50% for GBTC and 1.00% for ARKY.
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