SARK vs. EMTY
SARK (Tradr Short Innovation Daily ETF) and EMTY (ProShares Decline of the Retail Store ETF) are both Inverse Equities funds. SARK is actively managed, while EMTY is passively managed. Over the past 3 years, SARK returned -30.74%/yr vs -4.69%/yr for EMTY. A 0.55 correlation means they provide meaningful diversification when combined. SARK charges 0.75%/yr vs 0.66%/yr for EMTY.
Performance
SARK vs. EMTY - 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 EMTY's 1.09% return.
SARK
- 1D
- 2.29%
- 1M
- -0.49%
- YTD
- -6.78%
- 6M
- -2.33%
- 1Y
- -33.81%
- 3Y*
- -30.74%
- 5Y*
- —
- 10Y*
- —
EMTY
- 1D
- -0.32%
- 1M
- 1.81%
- YTD
- 1.09%
- 6M
- 3.80%
- 1Y
- 1.60%
- 3Y*
- -4.69%
- 5Y*
- -2.87%
- 10Y*
- —
SARK vs. EMTY - 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% |
EMTY ProShares Decline of the Retail Store ETF | 1.09% | -1.76% | -4.13% | 0.27% | 4.32% | 0.71% |
Correlation
The correlation between SARK and EMTY is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021 | 0.55 |
Over the past year, the correlation between SARK and EMTY has dropped to 0.34 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.
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Return for Risk
SARK vs. EMTY — Risk / Return Rank
SARK
EMTY
SARK vs. EMTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr Short Innovation Daily ETF (SARK) and ProShares Decline of the Retail Store ETF (EMTY). 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 | EMTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.03 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 0.11 | -0.95 |
| Martin ratioReturn relative to average drawdown | -1.11 | 0.20 | -1.31 |
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 | EMTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.95 | 0.09 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.13 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | -0.43 | +0.19 |
Drawdowns
SARK vs. EMTY - Drawdown Comparison
The maximum SARK drawdown since its inception was -81.07%, roughly equal to the maximum EMTY drawdown of -77.62%. Use the drawdown chart below to compare losses from any high point for SARK and EMTY.
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Drawdown Indicators
| SARK | EMTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.07% | -77.62% | -3.45% |
Max Drawdown (1Y)Largest decline over 1 year | -40.75% | -14.00% | -26.75% |
Max Drawdown (3Y)Largest decline over 3 years | -74.42% | -30.83% | -43.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.83% | — |
Current DrawdownCurrent decline from peak | -79.42% | -74.77% | -4.65% |
Average DrawdownAverage peak-to-trough decline | -46.46% | -54.01% | +7.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.47% | 8.11% | +22.36% |
Volatility
SARK vs. EMTY - Volatility Comparison
Tradr Short Innovation Daily ETF (SARK) has a higher volatility of 9.13% compared to ProShares Decline of the Retail Store ETF (EMTY) at 6.00%. This indicates that SARK's price experiences larger fluctuations and is considered to be riskier than EMTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SARK | EMTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.13% | 6.00% | +3.13% |
Volatility (6M)Calculated over the trailing 6-month period | 25.05% | 12.40% | +12.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.91% | 17.71% | +18.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.24% | 22.36% | +33.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.24% | 25.67% | +30.57% |
SARK vs. EMTY - Expense Ratio Comparison
SARK has a 0.75% expense ratio, which is higher than EMTY's 0.66% expense ratio.
Dividends
SARK vs. EMTY - Dividend Comparison
SARK's dividend yield for the trailing twelve months is around 3.02%, less than EMTY's 3.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EMTY ProShares Decline of the Retail Store ETF | 3.45% | 3.83% | 6.00% | 4.41% | 0.65% | 0.00% | 0.07% | 0.82% | 0.62% | 0.03% |
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 EMTY have a correlation of 0.34, 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 EMTY (6.00%). In terms of maximum drawdown, SARK dropped -81.07% vs EMTY's -77.62%.
On 3-year performance, EMTY leads with -4.69% vs -30.74% for SARK. On fees, EMTY is cheaper at 0.66% per year. On volatility, EMTY has been the lower-risk option at 6.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, EMTY has performed better with a -4.69% return vs -30.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EMTY is cheaper with a 0.66% expense ratio, compared with 0.75% for SARK.
EMTY has the higher dividend yield at 3.45%, compared with 3.02% for SARK.
They also come from different issuers: AXS and ProShares. Their fees differ too: 0.75% for SARK and 0.66% for EMTY.
EMTY currently has the higher Sharpe Ratio (0.09 vs -0.94), 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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