OILD vs. SARK
OILD (MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs) and SARK (Tradr Short Innovation Daily ETF) are both Inverse Equities funds. OILD is passively managed, while SARK is actively managed. Over the past 3 years, OILD returned -48.52%/yr vs -31.10%/yr for SARK. At a 0.16 correlation, their price movements are largely independent. OILD charges 0.95%/yr vs 0.75%/yr for SARK.
Performance
OILD vs. SARK - Performance Comparison
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Returns By Period
In the year-to-date period, OILD achieves a -61.34% return, which is significantly lower than SARK's -9.16% return.
OILD
- 1D
- -0.10%
- 1M
- 3.58%
- YTD
- -61.34%
- 6M
- -58.10%
- 1Y
- -73.93%
- 3Y*
- -48.52%
- 5Y*
- —
- 10Y*
- —
SARK
- 1D
- -2.55%
- 1M
- -5.04%
- YTD
- -9.16%
- 6M
- -2.48%
- 1Y
- -35.40%
- 3Y*
- -31.10%
- 5Y*
- —
- 10Y*
- —
OILD vs. SARK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | -61.34% | -41.67% | -14.58% | -19.58% | -90.32% | 5.20% |
SARK Tradr Short Innovation Daily ETF | -9.16% | -25.93% | -36.90% | -46.32% | 83.35% | 20.78% |
Correlation
The correlation between OILD and SARK is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021 | 0.16 |
The correlation between OILD and SARK shifts across timeframes, from -0.05 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OILD vs. SARK — Risk / Return Rank
OILD
SARK
OILD vs. SARK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) 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.
| OILD | SARK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 0.85 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | -0.87 | -0.09 |
| Martin ratioReturn relative to average drawdown | -1.58 | -1.16 | -0.42 |
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
| OILD | SARK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.22 | -0.99 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.75 | -0.25 | -0.51 |
Drawdowns
OILD vs. SARK - Drawdown Comparison
The maximum OILD drawdown since its inception was -98.90%, which is greater than SARK's maximum drawdown of -81.07%. Use the drawdown chart below to compare losses from any high point for OILD and SARK.
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Drawdown Indicators
| OILD | SARK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.90% | -81.07% | -17.83% |
Max Drawdown (1Y)Largest decline over 1 year | -77.40% | -40.75% | -36.65% |
Max Drawdown (3Y)Largest decline over 3 years | -88.53% | -74.42% | -14.11% |
Current DrawdownCurrent decline from peak | -98.74% | -79.95% | -18.79% |
Average DrawdownAverage peak-to-trough decline | -88.65% | -46.49% | -42.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.83% | 30.56% | +16.27% |
Volatility
OILD vs. SARK - Volatility Comparison
MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) has a higher volatility of 24.24% compared to Tradr Short Innovation Daily ETF (SARK) at 9.19%. This indicates that OILD'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
| OILD | SARK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.24% | 9.19% | +15.05% |
Volatility (6M)Calculated over the trailing 6-month period | 48.36% | 25.16% | +23.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.04% | 35.98% | +25.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.35% | 56.23% | +23.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.35% | 56.23% | +23.12% |
OILD vs. SARK - Expense Ratio Comparison
OILD has a 0.95% expense ratio, which is higher than SARK's 0.75% expense ratio.
Dividends
OILD vs. SARK - Dividend Comparison
OILD has not paid dividends to shareholders, while SARK's dividend yield for the trailing twelve months is around 3.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SARK Tradr Short Innovation Daily ETF | 3.10% | 2.82% | 15.49% | 12.57% | 25.22% |
Frequently Asked Questions
OILD and SARK have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILD has higher volatility (24.24%) compared to SARK (9.19%). In terms of maximum drawdown, OILD dropped -98.90% vs SARK's -81.07%.
On 3-year performance, SARK leads with -31.10% vs -48.52% for OILD. On fees, SARK is cheaper at 0.75% per year. On volatility, SARK has been the lower-risk option at 9.19%. 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 -31.10% return vs -48.52%. 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 OILD.
SARK has the higher dividend yield at 3.10%, compared with 0.00% for OILD.
They also come from different issuers: REX and AXS. Their fees differ too: 0.95% for OILD and 0.75% for SARK.
SARK currently has the higher Sharpe Ratio (-0.99 vs -1.22), 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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