ORCS vs. SARK
ORCS (Direxion Daily ORCL Bear 1X ETF) and SARK (Tradr Short Innovation Daily ETF) are both Inverse Equities funds. Both are actively managed. A 0.62 correlation means they provide meaningful diversification when combined. ORCS charges 0.97%/yr vs 0.75%/yr for SARK.
Performance
ORCS vs. SARK - Performance Comparison
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Returns By Period
In the year-to-date period, ORCS achieves a -20.50% return, which is significantly lower than SARK's -2.68% return.
ORCS
- 1D
- 9.77%
- 1M
- -12.83%
- YTD
- -20.50%
- 6M
- -12.98%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SARK
- 1D
- 7.13%
- 1M
- 5.63%
- YTD
- -2.68%
- 6M
- 3.52%
- 1Y
- -32.77%
- 3Y*
- -29.15%
- 5Y*
- —
- 10Y*
- —
ORCS vs. SARK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ORCS Direxion Daily ORCL Bear 1X ETF | -20.50% | 12.36% |
SARK Tradr Short Innovation Daily ETF | -2.68% | -4.29% |
Correlation
The correlation between ORCS and SARK is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | 0.62 |
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Return for Risk
ORCS vs. SARK — Risk / Return Rank
ORCS
SARK
ORCS vs. SARK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily ORCL Bear 1X ETF (ORCS) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| ORCS | SARK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.31 | -0.22 | -0.09 |
Drawdowns
ORCS vs. SARK - Drawdown Comparison
The maximum ORCS drawdown since its inception was -50.25%, smaller than the maximum SARK drawdown of -81.07%. Use the drawdown chart below to compare losses from any high point for ORCS and SARK.
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Drawdown Indicators
| ORCS | SARK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.25% | -81.07% | +30.82% |
Max Drawdown (1Y)Largest decline over 1 year | — | -35.35% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -74.42% | — |
Current DrawdownCurrent decline from peak | -43.12% | -78.52% | +35.40% |
Average DrawdownAverage peak-to-trough decline | -14.84% | -46.52% | +31.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 30.63% | — |
Volatility
ORCS vs. SARK - Volatility Comparison
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Volatility by Period
| ORCS | SARK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 10.92% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 25.90% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 60.71% | 36.71% | +24.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.71% | 56.30% | +4.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.71% | 56.30% | +4.41% |
ORCS vs. SARK - Expense Ratio Comparison
ORCS has a 0.97% expense ratio, which is higher than SARK's 0.75% expense ratio.
Dividends
ORCS vs. SARK - Dividend Comparison
ORCS's dividend yield for the trailing twelve months is around 1.08%, less than SARK's 2.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ORCS Direxion Daily ORCL Bear 1X ETF | 1.08% | 0.26% | 0.00% | 0.00% | 0.00% |
SARK Tradr Short Innovation Daily ETF | 2.90% | 2.82% | 15.49% | 12.57% | 25.22% |
Frequently Asked Questions
ORCS and SARK have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SARK is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SARK is cheaper with a 0.75% expense ratio, compared with 0.97% for ORCS.
SARK has the higher dividend yield at 2.90%, compared with 1.08% for ORCS.
They also come from different issuers: Direxion and AXS. Their fees differ too: 0.97% for ORCS and 0.75% for SARK.
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