SETH vs. ARKY

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares Short Ether Strategy ETF (SETH) and ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY).

SETH and ARKY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SETH is a passively managed fund by ProShares that tracks the performance of the Bloomberg Galaxy Ethereum (--100%). It was launched on Nov 1, 2023. ARKY is an actively managed fund by ARK. It was launched on Nov 14, 2023.

Performance

SETH vs. ARKY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Short Ether Strategy ETF (SETH) and ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY). The values are adjusted to include any dividend payments, if applicable.

SETH vs. ARKY - Yearly Performance Comparison

	2026 (YTD)
SETH ProShares Short Ether Strategy ETF	-10.04%
ARKY ARK 21Shares Active Bitcoin Ethereum Strategy ETF	0.00%

Returns By Period

SETH

• 1D: -2.21%
• 1M: -7.87%
• YTD: 20.65%
• 6M: 57.31%
• 1Y: -45.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARKY

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SETH vs. ARKY - Expense Ratio Comparison

SETH has a 0.95% expense ratio, which is lower than ARKY's 1.00% expense ratio.

ARKY

ARK 21Shares Active Bitcoin Ethereum Strategy ETF

SETH

ProShares Short Ether Strategy ETF

Return for Risk

SETH vs. ARKY — Risk / Return Rank

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

SETH

SETH Risk / Return Rank: 4
SETH Sharpe Ratio Rank: 3
SETH Sortino Ratio Rank: 4
SETH Omega Ratio Rank: 4
SETH Calmar Ratio Rank: 2
SETH Martin Ratio Rank: 6

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.

SETH vs. ARKY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Short Ether Strategy ETF (SETH) 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.

	SETH	ARKY	Difference
Sharpe ratio Return per unit of total volatility	-0.60	—	—
Sortino ratio Return per unit of downside risk	-0.56	—	—
Omega ratio Gain probability vs. loss probability	0.93	—	—
Calmar ratio Return relative to maximum drawdown	-0.64	—	—
Martin ratio Return relative to average drawdown	-0.81	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SETH	ARKY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.60	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.52	—	—

Dividends

SETH vs. ARKY - Dividend Comparison

SETH's dividend yield for the trailing twelve months is around 11.38%, while ARKY has not paid dividends to shareholders.

	TTM	2025	2024	2023
SETH ProShares Short Ether Strategy ETF	11.38%	7.01%	3.44%	0.38%
ARKY ARK 21Shares Active Bitcoin Ethereum Strategy ETF	0.00%	0.00%	0.00%	0.00%

Drawdowns

SETH vs. ARKY - Drawdown Comparison

The maximum SETH drawdown since its inception was -80.74%, which is greater than ARKY's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SETH and ARKY.

Drawdown Indicators

	SETH	ARKY	Difference
Max Drawdown Largest peak-to-trough decline	-80.74%	0.00%	-80.74%
Max Drawdown (1Y) Largest decline over 1 year	-75.02%	—	—
Current Drawdown Current decline from peak	-66.86%	0.00%	-66.86%
Average Drawdown Average peak-to-trough decline	-53.84%	0.00%	-53.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	59.01%	—	—

Volatility

Volatility by Period

	SETH	ARKY	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.86%	—	—
Volatility (6M) Calculated over the trailing 6-month period	53.29%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	76.09%	0.00%	+76.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.15%	0.00%	+71.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.15%	0.00%	+71.15%