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ARKF vs BPAY

ARK Blockchain & Fintech Innovation ETF

ARKFDCboe

iShares FinTech Active ETF

BPAYCNYSE Arca

Overlap

Expense ratio

BPAY −0.20pt a year

ARKF0.75%BPAY0.55%

Avg volume · 30D

ARKF 49.6×the volume

ARKF125KBPAY2.52K

3Y return · a year

ARKF +17.1pt

ARKF+28.1%BPAY+11.0%

ARKF vs BPAY Performance

Nov 6, 2025 – Nov 6, 2026

−18.3%ARKF−11.1%BPAY

Nov 6, 2025 to Nov 6, 2026. ARKF −18.3%. BPAY −11.1%. Use the arrow keys to read each point.−30%0%Nov 2025May 2026Nov 2026
Expense ratio
ARKF 0.75%
BPAY 0.55%, better
Fund size
ARKF $831M
BPAY $9M
1Y total return
ARKF −18.3%
BPAY −11.1%, better
Yield (12M)
ARKF 0.10%
BPAY 7.49%, better
Holdings
ARKF 39
BPAY 43
Avg volume (30D)
ARKF 125K sh, better
BPAY 2.52K sh
NAV per share
ARKF $41.90
BPAY $24.42
52W range

ETF.net Grade

ARKF: Cost 17, Risk 28, Mission 44, Tradability 89, Holdings 33, Durability 77. BPAY: Cost 51, Risk 41, Mission not scored, Tradability 51, Holdings 70, Durability 49.
Pillar letters and Scores for ARKF, BPAY, with each pillar’s weight
PillarARKFBPAY
Cost30% weightF17C51Higher
Mission25% weightC44Not scored
Risk15% weightD28C41Higher
Tradability15% weightA89HigherC51
Holdings10% weightD33A70Higher
Durability5% weightA77HigherC49

Rank among Fintech & Payments funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. ARKF and BPAY are both graded against the same 7 Fintech & Payments funds, so their Grades compare head to head.

Fintech & Payments⁠

Category · 7 funds
See all 7 ›

BPAY ranks 2nd and ARKF 7th of 7 funds in the Fintech & Payments Category.

  1. Rank 1BFDFFFidelity Disruptive Finance ETFScore 60
  2. Rank 2CBPAYiShares FinTech Active ETFScore 51
  3. Rank 3CIPAYAmplify Digital Payments ETFScore 42
  4. Rank 5CLATRCorgi Buy Now Pay Later ETFScore 40
  5. Rank 7DARKFARK Blockchain & Fintech Innovation ETFScore 39

Our read on each fund

ETF.net Research

ARKFDARK Blockchain & Fintech Innovation ETF

BPAYCiShares FinTech Active ETF

In short

ARKF ARK's bet that finance gets rebuilt on rails of code: an actively managed, global basket of blockchain and fintech names picked by analysts rather than an index rulebook, running since 2019.

BPAY BlackRock's stock-picker take on fintech: no index, roughly 40 hand-picked names across payments, banking, insurance and software, for 0.55% net of a waiver through June 30, 2027.

Stated mandate

ARKF The fund seeks long-term capital growth through active investment, primarily in domestic and foreign equity securities connected to blockchain and financial-technology innovation.

BPAY The fund seeks to maximize total return by investing in companies that provide innovative technologies across financial services, including payments, banking, insurance, and software.

Why people hold it

  • ARKF Genuinely active. ARK's team picks domestic and foreign blockchain and fintech names, so the portfolio answers to a research view, not an index rulebook.ark-funds.com
  • Getting in and out is rarely the friction point. For a niche theme fund, it changes hands steadily and trades among the smoother names in its group.
  • Live since 2019, so it has already run through a full boom and bust in speculative growth rather than being a fresh launch with no track record.
  • One mandate covers both sides of the trade: payments and financial technology plus the blockchain infrastructure underneath, in a single wrapper.ark-funds.com
  • BPAY Actively run with no index behind it, so the managers can add a newly listed fintech or trim a holding when they choose rather than waiting on a rebalance calendar.ishares.com
  • 0.55% net of a waiver through June 30, 2027 (0.66% gross) sits near the category median and under index peers FINX at 0.68% and IPAY at 0.75%.
  • Reads fintech broadly: payments, banking, insurance and software, worldwide, rather than a short list of US card networks.ishares.com
  • In a fintech group of only seven funds, this one lands in the upper half of our review, with its portfolio build the clearest strength.

Worth knowing

  • ARKF The 0.75% annual fee sits at the top of its fintech peer set, above the cohort median and above cheaper builds like FDFF (0.50%) and BPAY (0.66%).
  • High-conviction and concentrated by design, which means bigger swings than a broad tech basket when the theme moves either way.
  • Built for capital growth, not cash flow: distributions arrive at most once or twice a year.
  • BPAY One of the smaller, lightly traded funds in the category, so spreads can run wider than on the headline fintech names.
  • Non-diversified by design: with roughly 40 positions, one holding going wrong moves the fund more than it would a broad index.ishares.com
  • The 0.55% is after a waiver; if that waiver lapses following June 30, 2027, the cost reverts toward the 0.66% gross figure.

Full ARKF profile⁠

Full BPAY profile⁠

ARKF vs BPAY Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ARKF vs BPAY Cost

Overpaying ARKF vs BPAY

$3,578

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ARKF 0.75%

    $14,482

  • BPAY 0.55%

    $10,904

$10,000
30 years

Cost over time

  • ARKF 0.75%
  • BPAY 0.55%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530ARKF $14,482BPAY $10,904

Year by year

YearARKFBPAYOverpaying
10$1,336$988$348
20$5,078$3,790$1,288
30$14,482$10,904$3,578

Expense ratio

  • 0.75%ARKF
  • 0.55%BPAY, cheaper
  • Middle half of Fintech & Payments funds
  • Median 0.55%

BPAY 4th cheapest of 7 funds

ARKF 6th cheapest of 7 funds

ARKF vs BPAY Dividends

Last 12 months to Nov 6, 2026
Yield (12M)
ARKF 0.10%
BPAY 7.49%, better
Payout (12M)
ARKF $0.04
BPAY $1.83
Last payment
ARKF $0.04
BPAY $0.15
Ex-dividend
ARKF Dec 26, 2025
BPAY Jun 15, 2026
Paid on
ARKF Dec 29, 2025
BPAY Jun 18, 2026
Frequency
ARKF Irregular
BPAY Twice a year

Distribution history

Per share, 2019 to 2026, same scale for both

ARKFIrregular · 3 paymentsAll ARKF payments⁠
One bar per payment. 3 payments from 2019 to 2026 YTD. Dec 27, 2019 $0.30; Dec 29, 2020 $0.18; Dec 26, 2025 $0.04. Use the arrow keys to read each point.$0$1202020232026YTD
BPAYTwice a year · 8 paymentsAll BPAY payments⁠
One bar per payment. 8 payments from 2019 to 2026 YTD. Dec 13, 2022 $0.04; Jun 7, 2023 $0.08; Dec 20, 2023 $0.19; Jun 11, 2024 $0.06; Dec 17, 2024 $0.07; Jun 16, 2025 $0.08; Dec 16, 2025 $1.68; Jun 15, 2026 $0.15. Use the arrow keys to read each point.$0$1202020232026YTD

ARKF vs BPAY Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ARKF 38.1%BPAY 23.2%, better
Return per unit of riskSharpe ratio, 3 years
ARKF 0.81, betterBPAY 0.42
Worst fallMax drawdown, 5 years
ARKF −74.7%BPAY −33.7%since Aug 2022
Market sensitivityBeta, 5 years
ARKF 2.04BPAY 1.43

ARKF and BPAY in the news

All news⁠

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