OWNB vs. ARKF

Last updated Jun 4, 2026

OWNB (Bitwise Bitcoin Standard Corporations ETF) and ARKF (ARK Fintech Innovation ETF) are both Blockchain funds. OWNB is passively managed, while ARKF is actively managed. Over the past year, OWNB returned -28.07% vs -4.73% for ARKF. A 0.74 correlation means they provide meaningful diversification when combined. OWNB charges 0.85%/yr vs 0.75%/yr for ARKF.

Performance

OWNB vs. ARKF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Bitcoin Standard Corporations ETF (OWNB) 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, OWNB achieves a -1.56% return, which is significantly higher than ARKF's -16.17% return.

OWNB

• 1D: -1.95%
• 1M: -2.79%
• YTD: -1.56%
• 6M: -18.67%
• 1Y: -28.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARKF

• 1D: -3.76%
• 1M: -7.12%
• YTD: -16.17%
• 6M: -20.39%
• 1Y: -4.73%
• 3Y*: 26.10%
• 5Y*: -4.19%
• 10Y*: —

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

OWNB vs. ARKF - Yearly Performance Comparison

	2026 (YTD)	2025
OWNB Bitwise Bitcoin Standard Corporations ETF	-1.56%	-3.56%
ARKF ARK Fintech Innovation ETF	-16.17%	42.09%

Correlation

The correlation between OWNB and ARKF is 0.74, 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	0.74
Correlation (All Time) Calculated using the full available price history since Mar 12, 2025	0.74

The correlation between OWNB and ARKF has been stable across timeframes, ranging from 0.74 to 0.74 - a consistent structural relationship.

OWNB vs. ARKF - Sectors Allocation Comparison

Sectors	OWNB	ARKF
Financial Services	43.5%	28.5%
Technology	38.0%	42.7%
Consumer Cyclical	10.1%	16.4%
Communication Services	6.3%	12.2%
Utilities	2.1%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	0.2%
Industrials	-	-
Real Estate	-	-

Return for Risk

OWNB vs. ARKF — Risk / Return Rank

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

OWNB

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

ARKF

ARKF Risk / Return Rank: 7
ARKF Sharpe Ratio Rank: 7
ARKF Sortino Ratio Rank: 7
ARKF Omega Ratio Rank: 7
ARKF Calmar Ratio Rank: 7
ARKF Martin Ratio Rank: 8

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.

OWNB vs. ARKF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin Standard Corporations ETF (OWNB) 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.

	OWNB	ARKF	Difference
Sharpe ratio: Return per unit of total volatility	-0.49	-0.14	-0.35
Sortino ratio: Return per unit of downside risk	-0.41	0.03	-0.44
Omega ratio: Gain probability vs. loss probability	0.96	1.00	-0.05
Calmar ratio: Return relative to maximum drawdown	-0.47	-0.12	-0.35
Martin ratio: Return relative to average drawdown	-0.83	-0.23	-0.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OWNB vs. ARKF - Sharpe Ratio Comparison

The current OWNB Sharpe Ratio is -0.49, which is lower than the ARKF Sharpe Ratio of -0.14. The chart below compares the historical Sharpe Ratios of OWNB 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.

Sharpe Ratios by Period

	OWNB	ARKF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.49	-0.14	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	0.25	-0.32

Drawdowns

OWNB vs. ARKF - Drawdown Comparison

The maximum OWNB drawdown since its inception was -59.47%, smaller than the maximum ARKF drawdown of -78.63%. Use the drawdown chart below to compare losses from any high point for OWNB and ARKF.

Drawdown Indicators

	OWNB	ARKF	Difference
Max Drawdown Largest peak-to-trough decline	-59.47%	-78.63%	+19.16%
Max Drawdown (1Y) Largest decline over 1 year	-59.47%	-38.50%	-20.97%
Max Drawdown (3Y) Largest decline over 3 years	—	-38.50%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-75.30%	—
Current Drawdown Current decline from peak	-44.54%	-37.16%	-7.38%
Average Drawdown Average peak-to-trough decline	-24.89%	-34.96%	+10.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.96%	20.22%	+13.74%

Volatility

OWNB vs. ARKF - Volatility Comparison

Bitwise Bitcoin Standard Corporations ETF (OWNB) has a higher volatility of 13.15% compared to ARK Fintech Innovation ETF (ARKF) at 8.36%. This indicates that OWNB'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

	OWNB	ARKF	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.15%	8.36%	+4.79%
Volatility (6M) Calculated over the trailing 6-month period	42.52%	24.47%	+18.05%
Volatility (1Y) Calculated over the trailing 1-year period	57.85%	33.66%	+24.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.36%	42.79%	+19.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.36%	39.77%	+22.59%

OWNB vs. ARKF - Expense Ratio Comparison

OWNB has a 0.85% expense ratio, which is higher than ARKF's 0.75% expense ratio.

Dividends

OWNB vs. ARKF - Dividend Comparison

OWNB's dividend yield for the trailing twelve months is around 0.88%, more than ARKF's 0.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ARKF ARK Fintech Innovation ETF	0.11%	0.09%	0.00%	0.00%	0.00%	0.00%	0.37%	1.25%
OWNB Bitwise Bitcoin Standard Corporations ETF	0.88%	0.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OWNB and ARKF in my portfolio?

OWNB and ARKF have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OWNB or ARKF?

OWNB has higher volatility (13.15%) compared to ARKF (8.36%). In terms of maximum drawdown, OWNB dropped -59.47% vs ARKF's -78.63%.

Which ETF is better, OWNB or ARKF?

On 1-year performance, ARKF leads with -4.73% vs -28.07% for OWNB. On fees, ARKF is cheaper at 0.75% per year. On volatility, ARKF has been the lower-risk option at 8.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OWNB or ARKF?

Over the 1-year period, ARKF has performed better with a -4.73% return vs -28.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OWNB or ARKF?

ARKF is cheaper with a 0.75% expense ratio, compared with 0.85% for OWNB.

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

OWNB has the higher dividend yield at 0.88%, compared with 0.11% for ARKF.

What is the main difference between OWNB and ARKF?

They also come from different issuers: Bitwise and ARK. Their fees differ too: 0.85% for OWNB and 0.75% for ARKF.

Which has better risk-adjusted returns?

ARKF currently has the higher Sharpe Ratio (-0.14 vs -0.49), 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.