- ISIN
- US46144X6287
- Issuer
- AXS
- Inception Date
- Nov 5, 2021
- Region
- Global (Broad)
- Category
- Inverse Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Assets Under Management
- $52M
Share Price Chart
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Performance
SARK Performance Chart
Tradr Short Innovation Daily ETF (SARK) is down 8.1% since the beginning of the year. SARK is currently trading at $28 per share.
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Returns By Period
Tradr Short Innovation Daily ETF (SARK) has returned -8.13% so far this year and -27.29% over the past 12 months.
Tradr Short Innovation Daily ETF
- 1D
- 0.72%
- 1M
- -6.34%
- YTD
- -8.13%
- 6M
- -7.35%
- 1Y
- -27.29%
- 3Y*
- -29.61%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.21%
- 1M
- 0.23%
- YTD
- 8.39%
- 6M
- 10.39%
- 1Y
- 24.03%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.61%
SARK Monthly Returns History
Based on dividend-adjusted daily data since Nov 9, 2021, SARK's average daily return is +0.01%, while the average monthly return is -0.18%.
Historically, 50% of months were positive and 50% were negative. The best month was Apr 2022 with a return of +35.8%, while the worst month was Nov 2024 at -40.7%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 7 months.
On a daily basis, SARK closed higher 51% of trading days. The best single day was Mar 10, 2025 with a return of +17.4%, while the worst single day was Apr 9, 2025 at -16.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.59% | 1.33% | 6.42% | -11.98% | -7.71% | 3.23% | -8.13% | ||||||
| 2025 | -20.54% | 23.01% | 26.20% | -2.51% | -10.78% | -20.83% | -7.16% | -0.03% | -13.48% | -3.90% | 9.72% | 2.99% | -25.93% |
| 2024 | 15.02% | -12.19% | 2.52% | 14.84% | 2.17% | -3.04% | -0.95% | -1.68% | -12.56% | 5.22% | -40.67% | 0.76% | -36.90% |
| 2023 | -23.08% | -1.14% | -3.31% | 11.75% | -11.88% | -8.34% | -13.49% | 14.73% | 10.55% | 12.47% | -24.95% | -12.67% | -46.32% |
| 2022 | 20.49% | 2.70% | 0.65% | 35.75% | -1.48% | 4.11% | -14.92% | 4.27% | 8.28% | -4.44% | -2.74% | 18.43% | 83.35% |
| 2021 | 15.49% | 7.41% | 24.05% |
Benchmark Metrics
Tradr Short Innovation Daily ETF has an annualized alpha of 34.25%, beta of -2.42, and R2 of 0.56 versus S&P 500 Index. Calculated based on daily prices since November 09, 2021.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -568.33%), but participation in market rallies was also limited (-105.09%) - a profile typical of counter-cyclical assets.
- This ETF generated an annualized alpha of 34.25% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of -2.42 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 34.25%
- Beta
- -2.42
- R²
- 0.56
- Upside Capture
- -105.09%
- Downside Capture
- -568.33%
Expense Ratio
SARK has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SARK ranks 2 for risk / return — in the bottom 2% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Tradr Short Innovation Daily ETF (SARK) and compare them to S&P 500 Index.
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.
| SARK | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.70 | ||
| Sortino ratioReturn per unit of downside risk | -3.62 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.35 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 2.65 | -3.60 |
| Martin ratioReturn relative to average drawdown | -1.50 | 11.88 | -13.38 |
Dividends
Dividend History
Tradr Short Innovation Daily ETF provided a 3.07% dividend yield over the last twelve months, with an annual payout of $0.85 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.85 | $0.85 | $6.52 | $9.79 | $41.24 |
Dividend yield | 3.07% | 2.82% | 15.49% | 12.57% | 25.22% |
Monthly Dividends
The table displays the monthly dividend distributions for Tradr Short Innovation Daily ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.85 | $0.85 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.52 | $6.52 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $9.79 | $9.79 |
| 2022 | $41.24 | $41.24 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Tradr Short Innovation Daily ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Tradr Short Innovation Daily ETF was 81.07%, occurring on Oct 8, 2025. The portfolio has not yet recovered.
The current Tradr Short Innovation Daily ETF drawdown is 79.72%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 bear market2025 | -81.07%Oct 2025 | 3y 5mo | — | 4y 1moMay 2022 - now |
Bear market2022 | -28.91%Mar 2022 | 14d | 1mo | 1mo 14dMar 2022 - Apr 2022 |
Bear market2022 | -14.96%Feb 2022 | 12d | 13d | 25dJan 2022 - Feb 2022 |
Bear market2022 | -14.33%Feb 2022 | 4d | 7d | 11dFeb 2022 - Mar 2022 |
Bear market2022 | -10.56%May 2022 | 2d | 2d | 4dMay 2022 - May 2022 |
Drawdown Indicators
| SARK | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.07% | -56.78% | -24.29% |
Max Drawdown (1Y)Largest decline over 1 year | -29.03% | -9.10% | -19.93% |
Max Drawdown (3Y)Largest decline over 3 years | -74.42% | -18.90% | -55.52% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -79.72% | -2.49% | -77.23% |
Average DrawdownAverage peak-to-trough decline | -46.71% | -10.72% | -35.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.51% | 2.03% | +19.48% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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