PSQ vs. SARK
Compare and contrast key facts about ProShares Short QQQ (PSQ) and Tradr Short Innovation Daily ETF (SARK).
PSQ and SARK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (-100%). It was launched on Jun 19, 2006. SARK is an actively managed fund by AXS. It was launched on Nov 5, 2021.
Performance
PSQ vs. SARK - Performance Comparison
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PSQ vs. SARK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PSQ ProShares Short QQQ | 5.77% | -15.51% | -15.68% | -32.01% | 36.40% | -1.55% |
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, PSQ achieves a 5.77% return, which is significantly lower than SARK's 8.23% return.
PSQ
- 1D
- -1.24%
- 1M
- 4.02%
- YTD
- 5.77%
- 6M
- 4.77%
- 1Y
- -17.84%
- 3Y*
- -14.97%
- 5Y*
- -11.15%
- 10Y*
- -17.31%
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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PSQ vs. SARK - Expense Ratio Comparison
PSQ has a 0.95% expense ratio, which is higher than SARK's 0.75% expense ratio.
Return for Risk
PSQ vs. SARK — Risk / Return Rank
PSQ
SARK
PSQ vs. SARK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short QQQ (PSQ) 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.
| PSQ | SARK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.79 | -0.74 | -0.05 |
Sortino ratioReturn per unit of downside risk | -1.00 | -0.95 | -0.05 |
Omega ratioGain probability vs. loss probability | 0.86 | 0.89 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | -0.54 | -0.59 | +0.05 |
Martin ratioReturn relative to average drawdown | -0.68 | -0.73 | +0.05 |
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
| PSQ | SARK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.79 | -0.74 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.50 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.78 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.72 | -0.19 | -0.53 |
Correlation
The correlation between PSQ and SARK is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PSQ vs. SARK - Dividend Comparison
PSQ's dividend yield for the trailing twelve months is around 4.14%, more than SARK's 2.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSQ ProShares Short QQQ | 4.14% | 4.97% | 7.15% | 6.01% | 0.35% | 0.00% | 0.31% | 1.75% | 0.95% | 0.02% |
SARK Tradr Short Innovation Daily ETF | 2.60% | 2.82% | 15.49% | 12.57% | 25.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PSQ vs. SARK - Drawdown Comparison
The maximum PSQ drawdown since its inception was -97.99%, which is greater than SARK's maximum drawdown of -81.07%. Use the drawdown chart below to compare losses from any high point for PSQ and SARK.
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Drawdown Indicators
| PSQ | SARK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.99% | -81.07% | -16.92% |
Max Drawdown (1Y)Largest decline over 1 year | -33.97% | -59.44% | +25.47% |
Max Drawdown (5Y)Largest decline over 5 years | -54.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -87.30% | — | — |
Current DrawdownCurrent decline from peak | -97.79% | -76.11% | -21.68% |
Average DrawdownAverage peak-to-trough decline | -73.77% | -45.20% | -28.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.26% | 47.97% | -20.71% |
Volatility
PSQ vs. SARK - Volatility Comparison
The current volatility for ProShares Short QQQ (PSQ) is 6.68%, while Tradr Short Innovation Daily ETF (SARK) has a volatility of 12.41%. This indicates that PSQ 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
| PSQ | SARK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 12.41% | -5.73% |
Volatility (6M)Calculated over the trailing 6-month period | 12.84% | 27.16% | -14.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.56% | 46.26% | -23.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.44% | 56.94% | -34.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.20% | 56.94% | -34.74% |