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 -42.92%/yr vs -28.52%/yr for SARK. Their 0.14 correlation means their historical movements had little consistent relationship. 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 -62.98% return, which is significantly lower than SARK's -7.36% return.
OILD
- 1D
- 1.27%
- 1M
- -27.98%
- 6M
- -43.08%
- YTD
- -62.98%
- 1Y
- -70.97%
- 3Y*
- -42.92%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -58.87%
SARK
- 1D
- -4.39%
- 1M
- 4.63%
- 6M
- -11.06%
- YTD
- -7.36%
- 1Y
- -14.81%
- 3Y*
- -28.52%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -12.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.68M | $2.54M | $3.73M | |
| $5.02M | $4.74M | $6.36M |
OILD vs. SARK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | -62.98% | -41.67% | -14.58% | -19.58% | -90.32% | 3.83% |
SARK Tradr Short Innovation Daily ETF | -7.36% | -25.93% | -36.90% | -46.32% | 83.35% | 24.05% |
Correlation
The correlation between OILD and SARK is -0.16, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | 0.14 |
The correlation between OILD and SARK shifts across timeframes, from -0.16 (1 year) to 0.14 (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.
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.
| OILD | SARK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.96 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | -0.56 | -0.39 |
| Martin ratioReturn relative to average drawdown | -1.42 | -1.00 | -0.41 |
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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 | -74.53% | -26.34% | -48.19% |
Max Drawdown (3Y)Largest decline over 3 years | -85.42% | -74.42% | -11.00% |
Current DrawdownCurrent decline from peak | -98.80% | -79.55% | -19.25% |
Average DrawdownAverage peak-to-trough decline | -88.92% | -47.59% | -41.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.00% | 14.77% | +35.23% |
Volatility
OILD vs. SARK - Volatility Comparison
MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) has a higher volatility of 20.27% compared to Tradr Short Innovation Daily ETF (SARK) at 11.78%. 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 | 20.27% | 11.78% | +8.49% |
Volatility (6M)Calculated over the trailing 6-month period | 50.12% | 28.06% | +22.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.36% | 36.50% | +26.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.04% | 55.76% | +23.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.04% | 55.76% | +23.28% |
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 3.04%.
| 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 | 3.04% | 2.82% | 15.49% | 12.57% | 25.22% |
Frequently Asked Questions
OILD and SARK have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILD has higher volatility (20.27%) compared to SARK (11.78%). In terms of maximum drawdown, OILD dropped -98.90% vs SARK's -81.07%.
On 3-year performance, SARK leads with -28.52% vs -42.92% for OILD. On fees, SARK is cheaper at 0.75% per year. On volatility, SARK has been the lower-risk option at 11.78%. 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 -28.52% return vs -42.92%. 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 3.04%, 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 (-0.41 vs -1.12), 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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