SARK vs. DOG
SARK (Tradr Short Innovation Daily ETF) and DOG (ProShares Short Dow30) are both Inverse Equities funds. SARK is actively managed, while DOG is passively managed. Over the past 3 years, SARK returned -30.74%/yr vs -8.28%/yr for DOG. A 0.60 correlation means they provide meaningful diversification when combined. SARK charges 0.75%/yr vs 0.95%/yr for DOG.
Performance
SARK vs. DOG - Performance Comparison
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Returns By Period
In the year-to-date period, SARK achieves a -6.78% return, which is significantly lower than DOG's -4.15% return.
SARK
- 1D
- 2.29%
- 1M
- -0.49%
- YTD
- -6.78%
- 6M
- -2.33%
- 1Y
- -33.81%
- 3Y*
- -30.74%
- 5Y*
- —
- 10Y*
- —
DOG
- 1D
- 1.13%
- 1M
- -3.36%
- YTD
- -4.15%
- 6M
- -4.06%
- 1Y
- -12.72%
- 3Y*
- -8.28%
- 5Y*
- -5.31%
- 10Y*
- -11.18%
SARK vs. DOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SARK Tradr Short Innovation Daily ETF | -6.78% | -25.93% | -36.90% | -46.32% | 83.35% | 20.78% |
DOG ProShares Short Dow30 | -4.15% | -8.40% | -5.62% | -7.05% | 5.67% | -0.88% |
Correlation
The correlation between SARK and DOG is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021 | 0.60 |
The correlation between SARK and DOG has been stable across timeframes, ranging from 0.58 to 0.60 - a consistent structural relationship.
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Return for Risk
SARK vs. DOG — Risk / Return Rank
SARK
DOG
SARK vs. DOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr Short Innovation Daily ETF (SARK) and ProShares Short Dow30 (DOG). 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.
| SARK | DOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.84 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | -0.87 | +0.04 |
| Martin ratioReturn relative to average drawdown | -1.11 | -1.43 | +0.32 |
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
| SARK | DOG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.95 | -1.05 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.36 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | -0.57 | +0.33 |
Drawdowns
SARK vs. DOG - Drawdown Comparison
The maximum SARK drawdown since its inception was -81.07%, smaller than the maximum DOG drawdown of -92.69%. Use the drawdown chart below to compare losses from any high point for SARK and DOG.
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Drawdown Indicators
| SARK | DOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.07% | -92.69% | +11.62% |
Max Drawdown (1Y)Largest decline over 1 year | -40.75% | -14.63% | -26.12% |
Max Drawdown (3Y)Largest decline over 3 years | -74.42% | -28.77% | -45.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.99% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.79% | — |
Current DrawdownCurrent decline from peak | -79.42% | -92.61% | +13.19% |
Average DrawdownAverage peak-to-trough decline | -46.46% | -66.39% | +19.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.47% | 8.89% | +21.58% |
Volatility
SARK vs. DOG - Volatility Comparison
Tradr Short Innovation Daily ETF (SARK) has a higher volatility of 9.13% compared to ProShares Short Dow30 (DOG) at 2.98%. This indicates that SARK's price experiences larger fluctuations and is considered to be riskier than DOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SARK | DOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.13% | 2.98% | +6.15% |
Volatility (6M)Calculated over the trailing 6-month period | 25.05% | 9.37% | +15.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.91% | 12.13% | +23.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.24% | 14.79% | +41.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.24% | 17.49% | +38.75% |
SARK vs. DOG - Expense Ratio Comparison
SARK has a 0.75% expense ratio, which is lower than DOG's 0.95% expense ratio.
Dividends
SARK vs. DOG - Dividend Comparison
SARK's dividend yield for the trailing twelve months is around 3.02%, less than DOG's 3.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DOG ProShares Short Dow30 | 3.49% | 3.65% | 5.72% | 4.54% | 0.41% | 0.00% | 0.14% | 1.54% | 0.86% | 0.04% |
SARK Tradr Short Innovation Daily ETF | 3.02% | 2.82% | 15.49% | 12.57% | 25.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SARK and DOG have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SARK has higher volatility (9.13%) compared to DOG (2.98%). In terms of maximum drawdown, SARK dropped -81.07% vs DOG's -92.69%.
On 3-year performance, DOG leads with -8.28% vs -30.74% for SARK. On fees, SARK is cheaper at 0.75% per year. On volatility, DOG has been the lower-risk option at 2.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DOG has performed better with a -8.28% return vs -30.74%. 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 DOG.
DOG has the higher dividend yield at 3.49%, compared with 3.02% for SARK.
They also come from different issuers: AXS and ProShares. Their fees differ too: 0.75% for SARK and 0.95% for DOG.
SARK currently has the higher Sharpe Ratio (-0.94 vs -1.05), 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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