OBTC vs. ARKF

Last updated Jul 17, 2026

OBTC (Osprey Bitcoin Trust) and ARKF (ARK Fintech Innovation ETF) are both exchange-traded funds - OBTC is a Cryptocurrency fund tracking the Bitcoin (BTC), while ARKF is a Blockchain fund actively managed by ARK. OBTC is passively managed, while ARKF is actively managed. Over the past 5 years, OBTC returned 8.35%/yr vs -4.02%/yr for ARKF. At a 0.46 correlation, their price movements are largely independent. OBTC charges 0.49%/yr vs 0.75%/yr for ARKF.

Performance

OBTC vs. ARKF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Osprey Bitcoin Trust (OBTC) and ARK Fintech Innovation ETF (ARKF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OBTC achieves a -26.67% return, which is significantly lower than ARKF's -13.21% return.

OBTC

• 1D: -1.11%
• 1M: -2.00%
• 6M: -32.63%
• YTD: -26.67%
• 1Y: -39.96%
• 3Y*: 40.86%
• 5Y*: 8.35%
• 10Y*: —

ARKF

• 1D: -2.52%
• 1M: 2.71%
• 6M: -13.98%
• YTD: -13.21%
• 1Y: -22.52%
• 3Y*: 20.36%
• 5Y*: -4.02%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

OBTC vs. ARKF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
OBTC Osprey Bitcoin Trust	-26.67%	-1.87%	130.89%	277.81%	-73.93%	-58.07%
ARKF ARK Fintech Innovation ETF	-13.21%	28.67%	34.34%	93.27%	-65.07%	-34.05%

Correlation

The correlation between OBTC and ARKF is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (All Time) Calculated using the full available price history since Feb 12, 2021	0.46

Over the past year, OBTC and ARKF have become more correlated (0.68) than their long-term average of 0.46, meaning their price movements have been converging.

Return for Risk

OBTC vs. ARKF — Risk / Return Rank

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

OBTC

OBTC Risk / Return Rank: 3
OBTC Sharpe Ratio Rank: 2
OBTC Sortino Ratio Rank: 3
OBTC Omega Ratio Rank: 3
OBTC Calmar Ratio Rank: 3
OBTC Martin Ratio Rank: 2

ARKF

ARKF Risk / Return Rank: 4
ARKF Sharpe Ratio Rank: 4
ARKF Sortino Ratio Rank: 4
ARKF Omega Ratio Rank: 4
ARKF Calmar Ratio Rank: 4
ARKF 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.

OBTC vs. ARKF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Osprey Bitcoin Trust (OBTC) and ARK Fintech Innovation ETF (ARKF). 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.

	OBTC	ARKF	Difference
Sharpe ratio: Return per unit of total volatility	-0.89	-0.67	-0.22
Sortino ratio: Return per unit of downside risk	-1.25	-0.79	-0.46
Omega ratio: Gain probability vs. loss probability	0.86	0.91	-0.04
Calmar ratio: Return relative to maximum drawdown	-0.81	-0.59	-0.22
Martin ratio: Return relative to average drawdown	-1.35	-0.98	-0.37

OBTC vs. ARKF - Sharpe Ratio Comparison

The current OBTC Sharpe Ratio is -0.89, which is lower than the ARKF Sharpe Ratio of -0.67. The chart below compares the historical Sharpe Ratios of OBTC and ARKF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OBTC vs. ARKF - Drawdown Comparison

The maximum OBTC drawdown since its inception was -94.50%, which is greater than ARKF's maximum drawdown of -78.63%. Use the drawdown chart below to compare losses from any high point for OBTC and ARKF.

Drawdown Indicators

	OBTC	ARKF	Difference
Max Drawdown Largest peak-to-trough decline	-94.50%	-78.63%	-15.87%
Max Drawdown (1Y) Largest decline over 1 year	-49.62%	-38.50%	-11.12%
Max Drawdown (3Y) Largest decline over 3 years	-49.62%	-38.50%	-11.12%
Max Drawdown (5Y) Largest decline over 5 years	-83.76%	-75.30%	-8.46%
Current Drawdown Current decline from peak	-63.38%	-34.94%	-28.44%
Average Drawdown Average peak-to-trough decline	-69.47%	-34.97%	-34.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.55%	22.93%	+6.62%

Volatility

OBTC vs. ARKF - Volatility Comparison

Osprey Bitcoin Trust (OBTC) has a higher volatility of 10.89% compared to ARK Fintech Innovation ETF (ARKF) at 8.05%. This indicates that OBTC's price experiences larger fluctuations and is considered to be riskier than ARKF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OBTC	ARKF	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.89%	8.05%	+2.84%
Volatility (6M) Calculated over the trailing 6-month period	35.12%	25.83%	+9.29%
Volatility (1Y) Calculated over the trailing 1-year period	44.99%	33.70%	+11.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.18%	43.00%	+14.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	76.51%	39.67%	+36.84%

OBTC vs. ARKF - Expense Ratio Comparison

OBTC has a 0.49% expense ratio, which is lower than ARKF's 0.75% expense ratio.

Dividends

OBTC vs. ARKF - Dividend Comparison

OBTC has not paid dividends to shareholders, while ARKF's dividend yield for the trailing twelve months is around 0.10%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ARKF ARK Fintech Innovation ETF	0.10%	0.09%	0.00%	0.00%	0.00%	0.00%	0.37%	1.25%
OBTC Osprey Bitcoin Trust	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OBTC and ARKF in my portfolio?

OBTC and ARKF have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OBTC or ARKF?

OBTC has higher volatility (10.89%) compared to ARKF (8.05%). In terms of maximum drawdown, OBTC dropped -94.50% vs ARKF's -78.63%.

Which ETF is better, OBTC or ARKF?

On 5-year performance, OBTC leads with 8.35% vs -4.02% for ARKF. On fees, OBTC is cheaper at 0.49% per year. On volatility, ARKF has been the lower-risk option at 8.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OBTC or ARKF?

Over the 5-year period, OBTC has performed better with a 8.35% return vs -4.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OBTC or ARKF?

OBTC is cheaper with a 0.49% expense ratio, compared with 0.75% for ARKF.

Which ETF pays a higher dividend yield, OBTC or ARKF?

ARKF has the higher dividend yield at 0.10%, compared with 0.00% for OBTC.

What is the main difference between OBTC and ARKF?

OBTC is categorized as Cryptocurrency, while ARKF is Blockchain. They also come from different issuers: Osprey Funds and ARK. Their fees differ too: 0.49% for OBTC and 0.75% for ARKF.

Which has better risk-adjusted returns?

ARKF currently has the higher Sharpe Ratio (-0.67 vs -0.89), 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.