ERY vs. SARK
Compare and contrast key facts about Direxion Daily Energy Bear 2X Shares (ERY) and Tradr Short Innovation Daily ETF (SARK).
ERY and SARK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ERY is a passively managed fund by Direxion that tracks the performance of the Energy Select Sector Index (-300%). It was launched on Apr 1, 2020. SARK is an actively managed fund by AXS. It was launched on Nov 5, 2021.
Performance
ERY vs. SARK - Performance Comparison
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ERY vs. SARK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ERY Direxion Daily Energy Bear 2X Shares | -44.19% | -18.54% | -5.58% | -0.35% | -73.61% | 6.54% |
SARK Tradr Short Innovation Daily ETF | 8.23% | -25.93% | -36.90% | -46.32% | 83.35% | 20.78% |
Returns By Period
In the year-to-date period, ERY achieves a -44.19% return, which is significantly lower than SARK's 8.23% return.
ERY
- 1D
- 7.30%
- 1M
- -8.10%
- YTD
- -44.19%
- 6M
- -44.94%
- 1Y
- -44.52%
- 3Y*
- -26.22%
- 5Y*
- -40.95%
- 10Y*
- -36.24%
SARK
- 1D
- -1.21%
- 1M
- 6.96%
- YTD
- 8.23%
- 6M
- 18.23%
- 1Y
- -34.20%
- 3Y*
- -28.25%
- 5Y*
- —
- 10Y*
- —
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ERY vs. SARK - Expense Ratio Comparison
ERY has a 1.07% expense ratio, which is higher than SARK's 0.75% expense ratio.
Return for Risk
ERY vs. SARK — Risk / Return Rank
ERY
SARK
ERY vs. SARK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Energy Bear 2X Shares (ERY) 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.
| ERY | SARK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.90 | -0.74 | -0.16 |
Sortino ratioReturn per unit of downside risk | -1.40 | -0.95 | -0.45 |
Omega ratioGain probability vs. loss probability | 0.84 | 0.89 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | -0.68 | -0.59 | -0.10 |
Martin ratioReturn relative to average drawdown | -1.32 | -0.73 | -0.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ERY | SARK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.90 | -0.74 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.79 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.55 | -0.19 | -0.36 |
Correlation
The correlation between ERY and SARK is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ERY vs. SARK - Dividend Comparison
ERY's dividend yield for the trailing twelve months is around 3.73%, more than SARK's 2.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ERY Direxion Daily Energy Bear 2X Shares | 3.73% | 3.48% | 4.13% | 4.14% | 0.32% | 0.00% | 0.43% | 1.50% | 0.56% |
SARK Tradr Short Innovation Daily ETF | 2.60% | 2.82% | 15.49% | 12.57% | 25.22% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ERY vs. SARK - Drawdown Comparison
The maximum ERY drawdown since its inception was -99.99%, which is greater than SARK's maximum drawdown of -81.07%. Use the drawdown chart below to compare losses from any high point for ERY and SARK.
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Drawdown Indicators
| ERY | SARK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -81.07% | -18.92% |
Max Drawdown (1Y)Largest decline over 1 year | -65.95% | -59.44% | -6.51% |
Max Drawdown (5Y)Largest decline over 5 years | -94.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.66% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -76.11% | -23.88% |
Average DrawdownAverage peak-to-trough decline | -96.89% | -45.20% | -51.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.29% | 47.97% | -13.68% |
Volatility
ERY vs. SARK - Volatility Comparison
Direxion Daily Energy Bear 2X Shares (ERY) and Tradr Short Innovation Daily ETF (SARK) have volatilities of 12.55% and 12.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERY | SARK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.55% | 12.41% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 28.79% | 27.16% | +1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.79% | 46.26% | +3.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.11% | 56.94% | -4.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.72% | 56.94% | +13.78% |