CARK vs. DARP

Last updated Aug 2, 2026

CARK (Castleark Large Growth ETF) and DARP (Grizzle Growth ETF) are both Large Cap Growth Equities funds. Both are actively managed. Over the past year, CARK returned 13.40% vs 49.32% for DARP. Their correlation of 0.85 means they have usually moved in the same direction. CARK charges 0.54%/yr vs 0.75%/yr for DARP.

Performance

CARK vs. DARP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Castleark Large Growth ETF (CARK) and Grizzle Growth ETF (DARP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CARK achieves a 5.67% return, which is significantly lower than DARP's 21.09% return.

CARK

• 1D: 1.55%
• 1M: -0.09%
• 6M: 5.72%
• YTD: 5.67%
• 1Y: 13.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.79%

DARP

• 1D: 2.96%
• 1M: -3.88%
• 6M: 9.77%
• YTD: 21.09%
• 1Y: 49.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 31.92%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CARK Castleark Large Growth ETF	$10.97K	$11.97K	$43.16K
DARP Grizzle Growth ETF	$346.01K	$294.81K	$497.24K

CARK vs. DARP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CARK Castleark Large Growth ETF	5.67%	10.84%	26.49%	4.12%
DARP Grizzle Growth ETF	21.09%	40.19%	24.63%	6.66%

Correlation

The correlation between CARK and DARP is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.83
Correlation (All Time) Calculated using the full available price history since Dec 7, 2023	0.85

The correlation between CARK and DARP has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.

CARK vs. DARP - Sectors Allocation Comparison

Sectors	CARK	DARP
Technology	52.4%	48.3%
Communication Services	12.8%	13.5%
Financial Services	10.5%	-
Healthcare	8.7%	1.4%
Consumer Cyclical	6.9%	8.3%
Industrials	3.7%	8.2%
Utilities	2.5%	5.2%
Basic Materials	-	4.2%
Consumer Defensive	-	-
Energy	-	9.2%
Real Estate	-	-

Return for Risk

CARK vs. DARP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CARK

CARK Risk / Return Rank: 25
CARK Sharpe Ratio Rank: 26
CARK Sortino Ratio Rank: 25
CARK Omega Ratio Rank: 24
CARK Calmar Ratio Rank: 23
CARK Martin Ratio Rank: 26

DARP

DARP Risk / Return Rank: 74
DARP Sharpe Ratio Rank: 76
DARP Sortino Ratio Rank: 67
DARP Omega Ratio Rank: 65
DARP Calmar Ratio Rank: 81
DARP Martin Ratio Rank: 83

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CARK vs. DARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Castleark Large Growth ETF (CARK) and Grizzle Growth ETF (DARP). 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.

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.

	CARK	DARP	Difference
Sharpe ratio: Return per unit of total volatility	0.59	1.71	-1.12
Sortino ratio: Return per unit of downside risk	0.92	2.19	-1.27
Omega ratio: Gain probability vs. loss probability	1.11	1.27	-0.16
Calmar ratio: Return relative to maximum drawdown	0.66	2.92	-2.25
Martin ratio: Return relative to average drawdown	2.11	11.11	-8.99

CARK vs. DARP - Sharpe Ratio Comparison

The current CARK Sharpe Ratio is 0.59, which is lower than the DARP Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of CARK and DARP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CARK vs. DARP - Drawdown Comparison

The maximum CARK drawdown since its inception was -25.22%, smaller than the maximum DARP drawdown of -30.27%. Use the drawdown chart below to compare losses from any high point for CARK and DARP.

Drawdown Indicators

	CARK	DARP	Difference
Max Drawdown Largest peak-to-trough decline	-25.22%	-30.27%	+5.05%
Max Drawdown (1Y) Largest decline over 1 year	-16.50%	-15.76%	-0.74%
Current Drawdown Current decline from peak	-4.00%	-9.42%	+5.42%
Average Drawdown Average peak-to-trough decline	-4.41%	-4.72%	+0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.18%	4.14%	+1.04%

Volatility

CARK vs. DARP - Volatility Comparison

The current volatility for Castleark Large Growth ETF (CARK) is 5.49%, while Grizzle Growth ETF (DARP) has a volatility of 9.87%. This indicates that CARK experiences smaller price fluctuations and is considered to be less risky than DARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CARK	DARP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.49%	9.87%	-4.38%
Volatility (6M) Calculated over the trailing 6-month period	14.52%	21.44%	-6.92%
Volatility (1Y) Calculated over the trailing 1-year period	18.48%	26.87%	-8.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.75%	26.83%	-6.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.75%	26.83%	-6.08%

CARK vs. DARP - Expense Ratio Comparison

CARK has a 0.54% expense ratio, which is lower than DARP's 0.75% expense ratio.

Dividends

CARK vs. DARP - Dividend Comparison

CARK's dividend yield for the trailing twelve months is around 0.01%, less than DARP's 0.36% yield.

Position	TTM	2025	2024	2023
CARK Castleark Large Growth ETF	0.01%	0.01%	0.02%	0.00%
DARP Grizzle Growth ETF	0.36%	0.43%	1.93%	0.32%

Frequently Asked Questions

Can I hold both CARK and DARP in my portfolio?

CARK and DARP have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CARK or DARP?

DARP has higher volatility (9.87%) compared to CARK (5.49%). In terms of maximum drawdown, CARK dropped -25.22% vs DARP's -30.27%.

Which ETF is better, CARK or DARP?

On 1-year performance, DARP leads with 49.32% vs 13.40% for CARK. On fees, CARK is cheaper at 0.54% per year. On volatility, CARK has been the lower-risk option at 5.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CARK or DARP?

Over the 1-year period, DARP has performed better with a 49.32% return vs 13.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CARK or DARP?

CARK is cheaper with a 0.54% expense ratio, compared with 0.75% for DARP.

Which ETF pays a higher dividend yield, CARK or DARP?

DARP has the higher dividend yield at 0.36%, compared with 0.01% for CARK.

What is the main difference between CARK and DARP?

They also come from different issuers: CastleArk and Grizzle. Their fees differ too: 0.54% for CARK and 0.75% for DARP.

Which has better risk-adjusted returns?

DARP currently has the higher Sharpe Ratio (1.71 vs 0.59), 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.