CRCD vs. SARK

Last updated Apr 1, 2026

Compare and contrast key facts about T-REX 2X Inverse CRCL Daily Target ETF (CRCD) and Tradr Short Innovation Daily ETF (SARK).

CRCD and SARK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CRCD is an actively managed fund by T-Rex. It was launched on Sep 25, 2025. SARK is an actively managed fund by AXS. It was launched on Nov 5, 2021.

Performance

CRCD vs. SARK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Inverse CRCL Daily Target ETF (CRCD) and Tradr Short Innovation Daily ETF (SARK). The values are adjusted to include any dividend payments, if applicable.

CRCD vs. SARK - Yearly Performance Comparison

	2026 (YTD)	2025
CRCD T-REX 2X Inverse CRCL Daily Target ETF	-80.36%	43.19%
SARK Tradr Short Innovation Daily ETF	9.55%	4.19%

Returns By Period

In the year-to-date period, CRCD achieves a -80.36% return, which is significantly lower than SARK's 9.55% return.

CRCD

• 1D: -13.13%
• 1M: -45.34%
• YTD: -80.36%
• 6M: -69.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SARK

• 1D: -6.28%
• 1M: 6.42%
• YTD: 9.55%
• 6M: 18.96%
• 1Y: -34.21%
• 3Y*: -27.96%
• 5Y*: —
• 10Y*: —

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

CRCD vs. SARK - Expense Ratio Comparison

CRCD has a 1.50% expense ratio, which is higher than SARK's 0.75% expense ratio.

CRCD

T-REX 2X Inverse CRCL Daily Target ETF

SARK

Tradr Short Innovation Daily ETF

Return for Risk

CRCD vs. SARK — Risk / Return Rank

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

SARK

SARK Risk / Return Rank: 3
SARK Sharpe Ratio Rank: 2
SARK Sortino Ratio Rank: 2
SARK Omega Ratio Rank: 2
SARK Calmar Ratio Rank: 4
SARK Martin Ratio Rank: 7

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.

CRCD vs. SARK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Inverse CRCL Daily Target ETF (CRCD) and Tradr Short Innovation Daily ETF (SARK). 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.

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

Sharpe Ratios by Period

	CRCD	SARK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.45	-0.19	-0.26

Correlation

The correlation between CRCD and SARK is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CRCD vs. SARK - Dividend Comparison

CRCD has not paid dividends to shareholders, while SARK's dividend yield for the trailing twelve months is around 2.57%.

	TTM	2025	2024	2023	2022
CRCD T-REX 2X Inverse CRCL Daily Target ETF	0.00%	0.00%	0.00%	0.00%	0.00%
SARK Tradr Short Innovation Daily ETF	2.57%	2.82%	15.49%	12.57%	25.22%

Drawdowns

CRCD vs. SARK - Drawdown Comparison

The maximum CRCD drawdown since its inception was -94.38%, which is greater than SARK's maximum drawdown of -81.07%. Use the drawdown chart below to compare losses from any high point for CRCD and SARK.

Drawdown Indicators

	CRCD	SARK	Difference
Max Drawdown Largest peak-to-trough decline	-94.38%	-81.07%	-13.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-59.44%	—
Current Drawdown Current decline from peak	-90.68%	-75.82%	-14.86%
Average Drawdown Average peak-to-trough decline	-40.91%	-45.17%	+4.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	47.87%	—

Volatility

Volatility by Period

	CRCD	SARK	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	27.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	203.98%	46.51%	+157.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	203.98%	56.97%	+147.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	203.98%	56.97%	+147.01%