CORD vs. SH
CORD (T-Rex 2X Inverse CRWV Daily Target ETF) and SH (ProShares Short S&P500) are both Inverse Equities funds. CORD is actively managed, while SH is passively managed. At a 0.46 correlation, their price movements are largely independent. CORD charges 1.50%/yr vs 0.89%/yr for SH.
Performance
CORD vs. SH - Performance Comparison
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Returns By Period
In the year-to-date period, CORD achieves a -86.41% return, which is significantly lower than SH's -6.33% return.
CORD
- 1D
- 9.18%
- 1M
- -9.53%
- YTD
- -86.41%
- 6M
- -83.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SH
- 1D
- -0.83%
- 1M
- 0.84%
- YTD
- -6.33%
- 6M
- -5.07%
- 1Y
- -14.30%
- 3Y*
- -12.14%
- 5Y*
- -8.48%
- 10Y*
- -12.98%
CORD vs. SH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CORD T-Rex 2X Inverse CRWV Daily Target ETF | -86.41% | 53.14% |
SH ProShares Short S&P500 | -6.33% | -2.35% |
Correlation
The correlation between CORD and SH is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025 | 0.46 |
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Return for Risk
CORD vs. SH — Risk / Return Rank
CORD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SH
CORD vs. SH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Inverse CRWV Daily Target ETF (CORD) and ProShares Short S&P500 (SH). 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.
| CORD | SH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.82 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.88 | — |
| Martin ratioReturn relative to average drawdown | — | -1.64 | — |
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Drawdowns
CORD vs. SH - Drawdown Comparison
The maximum CORD drawdown since its inception was -93.69%, roughly equal to the maximum SH drawdown of -94.66%. Use the drawdown chart below to compare losses from any high point for CORD and SH.
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Drawdown Indicators
| CORD | SH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.69% | -94.66% | +0.97% |
Max Drawdown (1Y)Largest decline over 1 year | — | -16.39% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -38.82% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -44.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -76.12% | — |
Current DrawdownCurrent decline from peak | -91.13% | -94.52% | +3.39% |
Average DrawdownAverage peak-to-trough decline | -58.66% | -67.79% | +9.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 8.75% | — |
Volatility
CORD vs. SH - Volatility Comparison
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Volatility by Period
| CORD | SH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.87% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.83% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 185.15% | 12.45% | +172.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 185.15% | 16.95% | +168.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 185.15% | 18.02% | +167.13% |
CORD vs. SH - Expense Ratio Comparison
CORD has a 1.50% expense ratio, which is higher than SH's 0.89% expense ratio.
Dividends
CORD vs. SH - Dividend Comparison
CORD has not paid dividends to shareholders, while SH's dividend yield for the trailing twelve months is around 4.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CORD T-Rex 2X Inverse CRWV Daily Target ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SH ProShares Short S&P500 | 4.43% | 4.49% | 6.20% | 5.37% | 1.08% | 0.00% | 0.16% | 1.76% | 1.01% | 0.06% |
Frequently Asked Questions
CORD and SH have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SH is cheaper at 0.89% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SH is cheaper with a 0.89% expense ratio, compared with 1.50% for CORD.
SH has the higher dividend yield at 4.43%, compared with 0.00% for CORD.
They also come from different issuers: Tuttle Capital Management and ProShares. Their fees differ too: 1.50% for CORD and 0.89% for SH.
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