EUO vs. SARK
EUO (ProShares UltraShort Euro) and SARK (Tradr Short Innovation Daily ETF) are both exchange-traded funds - EUO is a Leveraged Currency fund tracking the USD/EUR Exchange Rate (-200%), while SARK is a Inverse Equities fund actively managed by AXS. EUO is passively managed, while SARK is actively managed. Over the past 3 years, EUO returned 1.93%/yr vs -30.30%/yr for SARK. At a 0.25 correlation, their price movements are largely independent. EUO charges 0.99%/yr vs 0.75%/yr for SARK.
Performance
EUO vs. SARK - Performance Comparison
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Returns By Period
In the year-to-date period, EUO achieves a 9.04% return, which is significantly higher than SARK's -6.20% return.
EUO
- 1D
- 0.82%
- 1M
- 4.61%
- YTD
- 9.04%
- 6M
- 9.78%
- 1Y
- 8.88%
- 3Y*
- 1.93%
- 5Y*
- 5.59%
- 10Y*
- 2.41%
SARK
- 1D
- 2.03%
- 1M
- -1.78%
- YTD
- -6.20%
- 6M
- -1.73%
- 1Y
- -19.94%
- 3Y*
- -30.30%
- 5Y*
- —
- 10Y*
- —
EUO vs. SARK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EUO ProShares UltraShort Euro | 9.04% | -18.87% | 19.79% | -1.02% | 13.88% | 3.98% |
SARK Tradr Short Innovation Daily ETF | -6.20% | -25.93% | -36.90% | -46.32% | 83.35% | 24.05% |
Correlation
The correlation between EUO and SARK is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | 0.25 |
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Return for Risk
EUO vs. SARK — Risk / Return Rank
EUO
SARK
EUO vs. SARK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Euro (EUO) 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.
| EUO | SARK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.93 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | -0.75 | +1.86 |
| Martin ratioReturn relative to average drawdown | 2.59 | -1.26 | +3.86 |
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Drawdowns
EUO vs. SARK - Drawdown Comparison
The maximum EUO drawdown since its inception was -38.58%, smaller than the maximum SARK drawdown of -81.07%. Use the drawdown chart below to compare losses from any high point for EUO and SARK.
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Drawdown Indicators
| EUO | SARK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.58% | -81.07% | +42.49% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -26.61% | +18.56% |
Max Drawdown (3Y)Largest decline over 3 years | -24.46% | -74.42% | +49.96% |
Max Drawdown (5Y)Largest decline over 5 years | -25.28% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -29.61% | — | — |
Current DrawdownCurrent decline from peak | -14.93% | -79.29% | +64.36% |
Average DrawdownAverage peak-to-trough decline | -18.50% | -46.79% | +28.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 15.99% | -12.54% |
Volatility
EUO vs. SARK - Volatility Comparison
The current volatility for ProShares UltraShort Euro (EUO) is 3.28%, while Tradr Short Innovation Daily ETF (SARK) has a volatility of 12.56%. This indicates that EUO experiences smaller price fluctuations and is considered to be less risky 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
| EUO | SARK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 12.56% | -9.28% |
Volatility (6M)Calculated over the trailing 6-month period | 9.09% | 26.66% | -17.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.71% | 35.83% | -23.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.56% | 56.15% | -40.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.79% | 56.15% | -41.36% |
EUO vs. SARK - Expense Ratio Comparison
EUO has a 0.99% expense ratio, which is higher than SARK's 0.75% expense ratio.
Dividends
EUO vs. SARK - Dividend Comparison
EUO has not paid dividends to shareholders, while SARK's dividend yield for the trailing twelve months is around 3.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EUO ProShares UltraShort Euro | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SARK Tradr Short Innovation Daily ETF | 3.00% | 2.82% | 15.49% | 12.57% | 25.22% |
Frequently Asked Questions
EUO and SARK have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SARK has higher volatility (12.56%) compared to EUO (3.28%). In terms of maximum drawdown, EUO dropped -38.58% vs SARK's -81.07%.
On 3-year performance, EUO leads with 1.93% vs -30.30% for SARK. On fees, SARK is cheaper at 0.75% per year. On volatility, EUO has been the lower-risk option at 3.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, EUO has performed better with a 1.93% return vs -30.30%. 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 0.99% for EUO.
SARK has the higher dividend yield at 3.00%, compared with 0.00% for EUO.
EUO is categorized as Leveraged Currency, while SARK is Inverse Equities. They also come from different issuers: ProShares and AXS. Their fees differ too: 0.99% for EUO and 0.75% for SARK.
EUO currently has the higher Sharpe Ratio (0.70 vs -0.56), 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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