CORD vs. SHRT

Last updated Jun 24, 2026

CORD (T-Rex 2X Inverse CRWV Daily Target ETF) and SHRT (Gotham Short Strategies ETF) are both Inverse Equities funds. Both are actively managed. At a 0.45 correlation, their price movements are largely independent. CORD charges 1.50%/yr vs 1.35%/yr for SHRT.

Performance

CORD vs. SHRT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Inverse CRWV Daily Target ETF (CORD) and Gotham Short Strategies ETF (SHRT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CORD achieves a -87.55% return, which is significantly lower than SHRT's -16.28% return.

CORD

• 1D: 10.23%
• 1M: -17.14%
• YTD: -87.55%
• 6M: -84.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SHRT

• 1D: -0.05%
• 1M: -0.43%
• YTD: -16.28%
• 6M: -15.63%
• 1Y: -21.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CORD vs. SHRT - Yearly Performance Comparison

	2026 (YTD)	2025
CORD T-Rex 2X Inverse CRWV Daily Target ETF	-87.55%	53.14%
SHRT Gotham Short Strategies ETF	-16.28%	0.27%

Correlation

The correlation between CORD and SHRT is 0.45, 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	0.45

Return for Risk

CORD vs. SHRT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CORD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SHRT

SHRT Risk / Return Rank: 0
SHRT Sharpe Ratio Rank: 0
SHRT Sortino Ratio Rank: 0
SHRT Omega Ratio Rank: 0
SHRT Calmar Ratio Rank: 1
SHRT Martin Ratio Rank: 0

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CORD vs. SHRT - 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 Gotham Short Strategies ETF (SHRT). 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	SHRT	Difference
Sharpe ratio: Return per unit of total volatility	—	-1.60	—
Sortino ratio: Return per unit of downside risk	—	-2.37	—
Omega ratio: Gain probability vs. loss probability	—	0.75	—
Calmar ratio: Return relative to maximum drawdown	—	-0.97	—
Martin ratio: Return relative to average drawdown	—	-1.96	—

Drawdowns

CORD vs. SHRT - Drawdown Comparison

The maximum CORD drawdown since its inception was -93.69%, which is greater than SHRT's maximum drawdown of -25.98%. Use the drawdown chart below to compare losses from any high point for CORD and SHRT.

Drawdown Indicators

	CORD	SHRT	Difference
Max Drawdown Largest peak-to-trough decline	-93.69%	-25.98%	-67.71%
Max Drawdown (1Y) Largest decline over 1 year	—	-22.21%	—
Current Drawdown Current decline from peak	-91.88%	-24.92%	-66.96%
Average Drawdown Average peak-to-trough decline	-58.48%	-8.43%	-50.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.24%	—

Volatility

Volatility by Period

	CORD	SHRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.21%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.34%	—
Volatility (1Y) Calculated over the trailing 1-year period	185.33%	13.44%	+171.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	185.33%	12.82%	+172.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	185.33%	12.82%	+172.51%

CORD vs. SHRT - Expense Ratio Comparison

CORD has a 1.50% expense ratio, which is higher than SHRT's 1.35% expense ratio.

Dividends

CORD vs. SHRT - Dividend Comparison

CORD has not paid dividends to shareholders, while SHRT's dividend yield for the trailing twelve months is around 0.08%.

Position	TTM	2025	2024	2023
CORD T-Rex 2X Inverse CRWV Daily Target ETF	0.00%	0.00%	0.00%	0.00%
SHRT Gotham Short Strategies ETF	0.08%	0.07%	0.85%	0.27%

Frequently Asked Questions

Can I hold both CORD and SHRT in my portfolio?

CORD and SHRT have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CORD or SHRT?

On fees, SHRT is cheaper at 1.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CORD or SHRT?

SHRT is cheaper with a 1.35% expense ratio, compared with 1.50% for CORD.

Which ETF pays a higher dividend yield, CORD or SHRT?

SHRT has the higher dividend yield at 0.08%, compared with 0.00% for CORD.

What is the main difference between CORD and SHRT?

They also come from different issuers: Tuttle Capital Management and Gotham. Their fees differ too: 1.50% for CORD and 1.35% for SHRT.