SARK vs. BMNZ

Last updated Jun 26, 2026

SARK (Tradr Short Innovation Daily ETF) and BMNZ (Defiance Daily Target 2X Short BMNR ETF) are both Inverse Equities funds. SARK is actively managed, while BMNZ is passively managed. A 0.74 correlation means they provide meaningful diversification when combined. SARK charges 0.75%/yr vs 1.31%/yr for BMNZ.

Performance

SARK vs. BMNZ - Performance Comparison

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

Returns By Period

In the year-to-date period, SARK achieves a -5.95% return, which is significantly lower than BMNZ's 29.97% return.

SARK

• 1D: 0.19%
• 1M: -0.45%
• YTD: -5.95%
• 6M: -1.42%
• 1Y: -18.93%
• 3Y*: -30.40%
• 5Y*: —
• 10Y*: —

BMNZ

• 1D: 9.79%
• 1M: 76.32%
• YTD: 29.97%
• 6M: 50.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SARK vs. BMNZ - Yearly Performance Comparison

	2026 (YTD)	2025
SARK Tradr Short Innovation Daily ETF	-5.95%	4.09%
BMNZ Defiance Daily Target 2X Short BMNR ETF	29.97%	15.30%

Correlation

The correlation between SARK and BMNZ is 0.74, 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 13, 2025	0.74

Return for Risk

SARK vs. BMNZ — Risk / Return Rank

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

SARK

SARK Risk / Return Rank: 5
SARK Sharpe Ratio Rank: 5
SARK Sortino Ratio Rank: 5
SARK Omega Ratio Rank: 5
SARK Calmar Ratio Rank: 3
SARK Martin Ratio Rank: 4

BMNZ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

SARK vs. BMNZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr Short Innovation Daily ETF (SARK) and Defiance Daily Target 2X Short BMNR ETF (BMNZ). 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.

	SARK	BMNZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.53	—	—
Sortino ratio: Return per unit of downside risk	-0.57	—	—
Omega ratio: Gain probability vs. loss probability	0.94	—	—
Calmar ratio: Return relative to maximum drawdown	-0.71	—	—
Martin ratio: Return relative to average drawdown	-1.19	—	—

Drawdowns

SARK vs. BMNZ - Drawdown Comparison

The maximum SARK drawdown since its inception was -81.07%, which is greater than BMNZ's maximum drawdown of -70.80%. Use the drawdown chart below to compare losses from any high point for SARK and BMNZ.

Drawdown Indicators

	SARK	BMNZ	Difference
Max Drawdown Largest peak-to-trough decline	-81.07%	-70.80%	-10.27%
Max Drawdown (1Y) Largest decline over 1 year	-26.61%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-74.42%	—	—
Current Drawdown Current decline from peak	-79.24%	-27.23%	-52.01%
Average Drawdown Average peak-to-trough decline	-46.85%	-50.65%	+3.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.90%	—	—

Volatility

Volatility by Period

	SARK	BMNZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.52%	—	—
Volatility (6M) Calculated over the trailing 6-month period	26.52%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	35.74%	187.04%	-151.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.10%	187.04%	-130.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.10%	187.04%	-130.94%

SARK vs. BMNZ - Expense Ratio Comparison

SARK has a 0.75% expense ratio, which is lower than BMNZ's 1.31% expense ratio.

Dividends

SARK vs. BMNZ - Dividend Comparison

SARK's dividend yield for the trailing twelve months is around 3.00%, while BMNZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
BMNZ Defiance Daily Target 2X Short BMNR ETF	0.00%	0.00%	0.00%	0.00%	0.00%
SARK Tradr Short Innovation Daily ETF	3.00%	2.82%	15.49%	12.57%	25.22%

Frequently Asked Questions

Can I hold both SARK and BMNZ in my portfolio?

SARK and BMNZ have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SARK or BMNZ?

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, SARK or BMNZ?

SARK is cheaper with a 0.75% expense ratio, compared with 1.31% for BMNZ.

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

SARK has the higher dividend yield at 3.00%, compared with 0.00% for BMNZ.

What is the main difference between SARK and BMNZ?

They also come from different issuers: AXS and Defiance. Their fees differ too: 0.75% for SARK and 1.31% for BMNZ.