QID vs. SARK
QID (ProShares UltraShort QQQ) and SARK (Tradr Short Innovation Daily ETF) are both exchange-traded funds - QID is a Leveraged Equities fund tracking the NASDAQ-100 Index (-200%), while SARK is a Inverse Equities fund actively managed by AXS. QID is passively managed, while SARK is actively managed. Over the past 3 years, QID returned -33.07%/yr vs -24.59%/yr for SARK. Their 0.76 correlation means they have sometimes moved together and sometimes differently. QID charges 0.95%/yr vs 0.75%/yr for SARK.
Performance
QID vs. SARK - Performance Comparison
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Returns By Period
In the year-to-date period, QID achieves a -21.02% return, which is significantly lower than SARK's 0.17% return.
QID
- 1D
- -1.22%
- 1M
- 6.86%
- 6M
- -19.38%
- YTD
- -21.02%
- 1Y
- -35.07%
- 3Y*
- -33.07%
- 5Y*
- -27.97%
- 10Y*
- -37.32%
- ALL TIME*
- -34.54%
SARK
- 1D
- 2.38%
- 1M
- 13.13%
- 6M
- -1.40%
- YTD
- 0.17%
- 1Y
- -10.99%
- 3Y*
- -24.59%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -11.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $255.66M | $222.38M | $304.58M | |
| $4.94M | $4.74M | $6.45M |
QID vs. SARK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QID ProShares UltraShort QQQ | -21.02% | -34.97% | -34.06% | -57.19% | 66.30% | -2.31% |
SARK Tradr Short Innovation Daily ETF | 0.17% | -25.93% | -36.90% | -46.32% | 83.35% | 24.05% |
Correlation
The correlation between QID and SARK is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | 0.76 |
The correlation between QID and SARK has been stable across timeframes, ranging from 0.73 to 0.76 - a consistent structural relationship.
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Return for Risk
QID vs. SARK — Risk / Return Rank
QID
SARK
QID vs. SARK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort QQQ (QID) 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.
| QID | SARK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.00 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | -0.23 | -0.50 |
| Martin ratioReturn relative to average drawdown | -1.34 | -0.38 | -0.96 |
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Drawdowns
QID vs. SARK - Drawdown Comparison
The maximum QID drawdown since its inception was -99.99%, which is greater than SARK's maximum drawdown of -81.07%. Use the drawdown chart below to compare losses from any high point for QID and SARK.
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Drawdown Indicators
| QID | SARK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -81.07% | -18.92% |
Max Drawdown (1Y)Largest decline over 1 year | -44.65% | -26.34% | -18.31% |
Max Drawdown (3Y)Largest decline over 3 years | -79.50% | -74.42% | -5.08% |
Max Drawdown (5Y)Largest decline over 5 years | -88.72% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.21% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -77.89% | -22.10% |
Average DrawdownAverage peak-to-trough decline | -87.09% | -47.53% | -39.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.20% | 15.44% | +8.76% |
Volatility
QID vs. SARK - Volatility Comparison
ProShares UltraShort QQQ (QID) has a higher volatility of 13.93% compared to Tradr Short Innovation Daily ETF (SARK) at 10.43%. This indicates that QID'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
| QID | SARK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.93% | 10.43% | +3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 32.16% | 27.70% | +4.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.79% | 36.55% | +2.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.80% | 55.75% | -9.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.96% | 55.75% | -10.79% |
QID vs. SARK - Expense Ratio Comparison
QID has a 0.95% expense ratio, which is higher than SARK's 0.75% expense ratio.
Dividends
QID vs. SARK - Dividend Comparison
QID's dividend yield for the trailing twelve months is around 7.46%, more than SARK's 2.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
QID ProShares UltraShort QQQ | 7.46% | 6.25% | 7.99% | 5.63% | 0.15% | 0.00% | 0.92% | 2.54% | 1.38% | 0.08% |
SARK Tradr Short Innovation Daily ETF | 2.81% | 2.82% | 15.49% | 12.57% | 25.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QID and SARK have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QID has higher volatility (13.93%) compared to SARK (10.43%). In terms of maximum drawdown, QID dropped -99.99% vs SARK's -81.07%.
On 3-year performance, SARK leads with -24.59% vs -33.07% for QID. On fees, SARK is cheaper at 0.75% per year. On volatility, SARK has been the lower-risk option at 10.43%. 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 -24.59% return vs -33.07%. 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 QID.
QID has the higher dividend yield at 7.46%, compared with 2.81% for SARK.
QID is categorized as Leveraged Equities, while SARK is Inverse Equities. They also come from different issuers: ProShares and AXS. Their fees differ too: 0.95% for QID and 0.75% for SARK.
SARK currently has the higher Sharpe Ratio (-0.16 vs -0.84), 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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