HYG vs. ARKB
HYG (iShares iBoxx $ High Yield Corporate Bond ETF) and ARKB (ARK 21Shares Bitcoin ETF) are both exchange-traded funds - HYG is a High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield Index, while ARKB is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, HYG returned 6.95% vs -36.82% for ARKB. At a 0.36 correlation, their price movements are largely independent. HYG charges 0.49%/yr vs 0.21%/yr for ARKB.
Performance
HYG vs. ARKB - Performance Comparison
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Returns By Period
In the year-to-date period, HYG achieves a 1.78% return, which is significantly higher than ARKB's -23.93% return.
HYG
- 1D
- 0.13%
- 1M
- 1.25%
- YTD
- 1.78%
- 6M
- 2.29%
- 1Y
- 6.95%
- 3Y*
- 8.47%
- 5Y*
- 3.83%
- 10Y*
- 5.03%
ARKB
- 1D
- 4.79%
- 1M
- -15.85%
- YTD
- -23.93%
- 6M
- -22.44%
- 1Y
- -36.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYG vs. ARKB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 1.78% | 8.59% | 7.99% |
ARKB ARK 21Shares Bitcoin ETF | -23.93% | -6.59% | 86.54% |
Correlation
The correlation between HYG and ARKB is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.36 |
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Return for Risk
HYG vs. ARKB — Risk / Return Rank
HYG
ARKB
HYG vs. ARKB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and ARK 21Shares Bitcoin ETF (ARKB). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HYG | ARKB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.64 | ||
| Sortino ratioReturn per unit of downside risk | +3.85 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.87 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | -0.71 | +3.69 |
| Martin ratioReturn relative to average drawdown | 13.11 | -1.24 | +14.34 |
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Drawdowns
HYG vs. ARKB - Drawdown Comparison
The maximum HYG drawdown since its inception was -34.25%, smaller than the maximum ARKB drawdown of -52.04%. Use the drawdown chart below to compare losses from any high point for HYG and ARKB.
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Drawdown Indicators
| HYG | ARKB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.25% | -52.04% | +17.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.34% | -52.04% | +49.70% |
Max Drawdown (3Y)Largest decline over 3 years | -4.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.79% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.03% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -47.03% | +47.03% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -16.61% | +13.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 29.75% | -29.22% |
Volatility
HYG vs. ARKB - Volatility Comparison
The current volatility for iShares iBoxx $ High Yield Corporate Bond ETF (HYG) is 1.31%, while ARK 21Shares Bitcoin ETF (ARKB) has a volatility of 12.88%. This indicates that HYG experiences smaller price fluctuations and is considered to be less risky than ARKB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYG | ARKB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 12.88% | -11.57% |
Volatility (6M)Calculated over the trailing 6-month period | 3.08% | 34.67% | -31.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.87% | 44.23% | -40.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.53% | 50.14% | -42.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.29% | 50.14% | -41.85% |
HYG vs. ARKB - Expense Ratio Comparison
HYG has a 0.49% expense ratio, which is higher than ARKB's 0.21% expense ratio.
Dividends
HYG vs. ARKB - Dividend Comparison
HYG's dividend yield for the trailing twelve months is around 5.89%, while ARKB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARKB ARK 21Shares Bitcoin ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.89% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
Frequently Asked Questions
HYG and ARKB have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARKB has higher volatility (12.88%) compared to HYG (1.31%). In terms of maximum drawdown, HYG dropped -34.25% vs ARKB's -52.04%.
On 1-year performance, HYG leads with 6.95% vs -36.82% for ARKB. On fees, ARKB is cheaper at 0.21% per year. On volatility, HYG has been the lower-risk option at 1.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HYG has performed better with a 6.95% return vs -36.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ARKB is cheaper with a 0.21% expense ratio, compared with 0.49% for HYG.
HYG has the higher dividend yield at 5.89%, compared with 0.00% for ARKB.
HYG is categorized as High Yield Bonds, while ARKB is Cryptocurrency. HYG tracks Markit iBoxx USD Liquid High Yield Index, while ARKB tracks CME CF Bitcoin Reference Rate - New York Variant. They also come from different issuers: iShares and ARK. Their fees differ too: 0.49% for HYG and 0.21% for ARKB.
HYG currently has the higher Sharpe Ratio (1.81 vs -0.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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