Bitcoin (BTC) is 49048.8× the size of ARK (ARK) by market capitalisation. Over the past 1 year, BTC is ahead by 14.6 percentage points (ARK -41.9% against BTC -27.3%). Their daily returns move loosely together (correlation 0.52 across 399 shared trading days). ARK has been the more volatile of the two, at 86% annualised against BTC's 44%.
ARKBTC
0.52over 399 shared trading days
Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.
| Metric | ARK | BTC |
|---|---|---|
| Max drawdown (400d) | -81.0% | -53.0% |
| Risk-adjusted return (90d) | 0.55 | 0.51 |
| Best 30 days (past year) | +129.8% | +26.8% |
| Worst 30 days (past year) | -42.9% | -32.9% |
Relative strength over 90 days: ARK outperformed BTC by 45.8% — measured on the ARK/BTC ratio, so it holds regardless of market direction.