QBTZ vs. SARK

Last updated Jun 5, 2026

QBTZ (Defiance Daily Target 2X Short QBTS ETF) and SARK (Tradr Short Innovation Daily ETF) are both Inverse Equities funds. Both are actively managed. A 0.68 correlation means they provide meaningful diversification when combined. QBTZ charges 1.29%/yr vs 0.75%/yr for SARK.

Performance

QBTZ vs. SARK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Short QBTS ETF (QBTZ) and Tradr Short Innovation Daily ETF (SARK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QBTZ achieves a -86.84% return, which is significantly lower than SARK's -9.16% return.

QBTZ

• 1D: -1.57%
• 1M: -73.34%
• YTD: -86.84%
• 6M: -88.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SARK

• 1D: -2.55%
• 1M: -5.04%
• YTD: -9.16%
• 6M: -2.48%
• 1Y: -35.40%
• 3Y*: -31.10%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QBTZ vs. SARK - Yearly Performance Comparison

	2026 (YTD)	2025
QBTZ Defiance Daily Target 2X Short QBTS ETF	-86.84%	-50.03%
SARK Tradr Short Innovation Daily ETF	-9.16%	12.23%

Correlation

The correlation between QBTZ and SARK is 0.68, 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 Oct 8, 2025	0.68

Return for Risk

QBTZ vs. SARK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SARK

SARK Risk / Return Rank: 2
SARK Sharpe Ratio Rank: 1
SARK Sortino Ratio Rank: 2
SARK Omega Ratio Rank: 2
SARK Calmar Ratio Rank: 1
SARK Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QBTZ vs. SARK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short QBTS ETF (QBTZ) 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.

Sharpe Ratios by Period

	QBTZ	SARK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.99	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.42	-0.25	-0.17

Drawdowns

QBTZ vs. SARK - Drawdown Comparison

The maximum QBTZ drawdown since its inception was -96.03%, which is greater than SARK's maximum drawdown of -81.07%. Use the drawdown chart below to compare losses from any high point for QBTZ and SARK.

Drawdown Indicators

	QBTZ	SARK	Difference
Max Drawdown Largest peak-to-trough decline	-96.03%	-81.07%	-14.96%
Max Drawdown (1Y) Largest decline over 1 year	—	-40.75%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-74.42%	—
Current Drawdown Current decline from peak	-95.42%	-79.95%	-15.47%
Average Drawdown Average peak-to-trough decline	-55.88%	-46.49%	-9.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	30.56%	—

Volatility

Volatility by Period

	QBTZ	SARK	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	25.16%	—
Volatility (1Y) Calculated over the trailing 1-year period	234.44%	35.98%	+198.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	234.44%	56.23%	+178.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	234.44%	56.23%	+178.21%

QBTZ vs. SARK - Expense Ratio Comparison

QBTZ has a 1.29% expense ratio, which is higher than SARK's 0.75% expense ratio.

Dividends

QBTZ vs. SARK - Dividend Comparison

QBTZ 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
QBTZ Defiance Daily Target 2X Short QBTS ETF	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

Can I hold both QBTZ and SARK in my portfolio?

QBTZ and SARK have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QBTZ or SARK?

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.

Which ETF is cheaper, QBTZ or SARK?

SARK is cheaper with a 0.75% expense ratio, compared with 1.29% for QBTZ.

Which ETF pays a higher dividend yield, QBTZ or SARK?

SARK has the higher dividend yield at 3.10%, compared with 0.00% for QBTZ.

What is the main difference between QBTZ and SARK?

They also come from different issuers: Defiance ETFs and AXS. Their fees differ too: 1.29% for QBTZ and 0.75% for SARK.