EEV vs. SARK
EEV (ProShares UltraShort MSCI Emerging Markets) and SARK (Tradr Short Innovation Daily ETF) are both exchange-traded funds - EEV is a Leveraged Equities fund tracking the MSCI Emerging Markets Index (-200%), while SARK is a Inverse Equities fund actively managed by AXS. EEV is passively managed, while SARK is actively managed. Over the past 3 years, EEV returned -29.41%/yr vs -24.59%/yr for SARK. Their 0.58 correlation means they have sometimes moved together and sometimes differently. EEV charges 0.95%/yr vs 0.75%/yr for SARK.
Performance
EEV vs. SARK - Performance Comparison
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Returns By Period
In the year-to-date period, EEV achieves a -35.13% return, which is significantly lower than SARK's 0.17% return.
EEV
- 1D
- -1.33%
- 1M
- 3.14%
- 6M
- -24.14%
- YTD
- -35.13%
- 1Y
- -50.21%
- 3Y*
- -29.41%
- 5Y*
- -16.05%
- 10Y*
- -21.99%
- ALL TIME*
- -25.39%
SARK
- 1D
- 2.38%
- 1M
- 13.13%
- 6M
- -1.40%
- YTD
- 0.17%
- 1Y
- -10.99%
- 3Y*
- -24.59%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -11.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $291.03K | $257.03K | $533.45K | |
| $4.94M | $4.74M | $6.45M |
EEV vs. SARK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EEV ProShares UltraShort MSCI Emerging Markets | -35.13% | -43.35% | -8.08% | -13.08% | 37.05% | 5.78% |
SARK Tradr Short Innovation Daily ETF | 0.17% | -25.93% | -36.90% | -46.32% | 83.35% | 24.05% |
Correlation
The correlation between EEV and SARK is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | 0.58 |
The correlation between EEV and SARK has been stable across timeframes, ranging from 0.56 to 0.65 - a consistent structural relationship.
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Return for Risk
EEV vs. SARK — Risk / Return Rank
EEV
SARK
EEV vs. SARK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI Emerging Markets (EEV) 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.
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.
| EEV | SARK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.00 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | -0.23 | -0.62 |
| Martin ratioReturn relative to average drawdown | -1.42 | -0.38 | -1.03 |
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Drawdowns
EEV vs. SARK - Drawdown Comparison
The maximum EEV drawdown since its inception was -99.88%, which is greater than SARK's maximum drawdown of -81.07%. Use the drawdown chart below to compare losses from any high point for EEV and SARK.
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Drawdown Indicators
| EEV | SARK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.88% | -81.07% | -18.81% |
Max Drawdown (1Y)Largest decline over 1 year | -58.51% | -26.34% | -32.17% |
Max Drawdown (3Y)Largest decline over 3 years | -77.51% | -74.42% | -3.09% |
Max Drawdown (5Y)Largest decline over 5 years | -81.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -93.39% | — | — |
Current DrawdownCurrent decline from peak | -99.86% | -77.89% | -21.97% |
Average DrawdownAverage peak-to-trough decline | -93.04% | -47.53% | -45.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.01% | 15.44% | +19.57% |
Volatility
EEV vs. SARK - Volatility Comparison
ProShares UltraShort MSCI Emerging Markets (EEV) has a higher volatility of 19.23% compared to Tradr Short Innovation Daily ETF (SARK) at 10.43%. This indicates that EEV's price experiences larger fluctuations and is considered to be riskier than SARK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EEV | SARK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.23% | 10.43% | +8.80% |
Volatility (6M)Calculated over the trailing 6-month period | 45.21% | 27.70% | +17.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.49% | 36.55% | +12.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.12% | 55.75% | -15.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.76% | 55.75% | -13.99% |
EEV vs. SARK - Expense Ratio Comparison
EEV has a 0.95% expense ratio, which is higher than SARK's 0.75% expense ratio.
Dividends
EEV vs. SARK - Dividend Comparison
EEV's dividend yield for the trailing twelve months is around 7.22%, more than SARK's 2.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EEV ProShares UltraShort MSCI Emerging Markets | 7.22% | 5.40% | 4.45% | 3.45% | 0.27% | 0.00% | 0.14% | 1.34% | 0.38% |
SARK Tradr Short Innovation Daily ETF | 2.81% | 2.82% | 15.49% | 12.57% | 25.22% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EEV and SARK have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EEV has higher volatility (19.23%) compared to SARK (10.43%). In terms of maximum drawdown, EEV dropped -99.88% vs SARK's -81.07%.
On 3-year performance, SARK leads with -24.59% vs -29.41% for EEV. On fees, SARK is cheaper at 0.75% per year. On volatility, SARK has been the lower-risk option at 10.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SARK has performed better with a -24.59% return vs -29.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SARK is cheaper with a 0.75% expense ratio, compared with 0.95% for EEV.
EEV has the higher dividend yield at 7.22%, compared with 2.81% for SARK.
EEV is categorized as Leveraged Equities, while SARK is Inverse Equities. They also come from different issuers: ProShares and AXS. Their fees differ too: 0.95% for EEV and 0.75% for SARK.
SARK currently has the higher Sharpe Ratio (-0.16 vs -1.00), 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.
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