SARK vs. FYC
SARK (Tradr Short Innovation Daily ETF) and FYC (First Trust Small Cap Growth AlphaDEX Fund) are both exchange-traded funds - SARK is a Inverse Equities fund actively managed by AXS, while FYC is a Small Cap Growth Equities fund tracking the NASDAQ AlphaDEX Small Cap Growth Index. SARK is actively managed, while FYC is passively managed. Over the past 3 years, SARK returned -30.30%/yr vs 28.14%/yr for FYC. At a correlation of -0.80, they often move in opposite directions. SARK charges 0.75%/yr vs 0.71%/yr for FYC.
Performance
SARK vs. FYC - Performance Comparison
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Returns By Period
In the year-to-date period, SARK achieves a -6.20% return, which is significantly lower than FYC's 25.16% return.
SARK
- 1D
- 2.03%
- 1M
- -1.78%
- YTD
- -6.20%
- 6M
- -1.73%
- 1Y
- -19.94%
- 3Y*
- -30.30%
- 5Y*
- —
- 10Y*
- —
FYC
- 1D
- -0.75%
- 1M
- 5.13%
- YTD
- 25.16%
- 6M
- 22.15%
- 1Y
- 56.72%
- 3Y*
- 28.14%
- 5Y*
- 10.63%
- 10Y*
- 15.10%
SARK vs. FYC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SARK Tradr Short Innovation Daily ETF | -6.20% | -25.93% | -36.90% | -46.32% | 83.35% | 24.05% |
FYC First Trust Small Cap Growth AlphaDEX Fund | 25.16% | 24.24% | 23.99% | 14.52% | -25.86% | -6.78% |
Correlation
The correlation between SARK and FYC is -0.79, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.79 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | -0.80 |
The correlation between SARK and FYC has been stable across timeframes, ranging from -0.80 to -0.79 - a consistent structural relationship.
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Return for Risk
SARK vs. FYC — Risk / Return Rank
SARK
FYC
SARK vs. FYC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr Short Innovation Daily ETF (SARK) and First Trust Small Cap Growth AlphaDEX Fund (FYC). 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 | FYC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.20 | ||
| Sortino ratioReturn per unit of downside risk | -4.14 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.42 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 5.44 | -6.19 |
| Martin ratioReturn relative to average drawdown | -1.26 | 19.70 | -20.97 |
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Drawdowns
SARK vs. FYC - Drawdown Comparison
The maximum SARK drawdown since its inception was -81.07%, which is greater than FYC's maximum drawdown of -47.85%. Use the drawdown chart below to compare losses from any high point for SARK and FYC.
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Drawdown Indicators
| SARK | FYC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.07% | -47.85% | -33.22% |
Max Drawdown (1Y)Largest decline over 1 year | -26.61% | -10.48% | -16.13% |
Max Drawdown (3Y)Largest decline over 3 years | -74.42% | -27.79% | -46.63% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.37% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.85% | — |
Current DrawdownCurrent decline from peak | -79.29% | -0.75% | -78.54% |
Average DrawdownAverage peak-to-trough decline | -46.79% | -9.63% | -37.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.99% | 2.89% | +13.10% |
Volatility
SARK vs. FYC - Volatility Comparison
Tradr Short Innovation Daily ETF (SARK) has a higher volatility of 12.56% compared to First Trust Small Cap Growth AlphaDEX Fund (FYC) at 7.00%. This indicates that SARK's price experiences larger fluctuations and is considered to be riskier than FYC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SARK | FYC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.56% | 7.00% | +5.56% |
Volatility (6M)Calculated over the trailing 6-month period | 26.66% | 15.77% | +10.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.83% | 21.65% | +14.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.15% | 23.73% | +32.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.15% | 24.61% | +31.54% |
SARK vs. FYC - Expense Ratio Comparison
SARK has a 0.75% expense ratio, which is higher than FYC's 0.71% expense ratio.
Dividends
SARK vs. FYC - Dividend Comparison
SARK's dividend yield for the trailing twelve months is around 3.00%, more than FYC's 0.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FYC First Trust Small Cap Growth AlphaDEX Fund | 0.06% | 0.08% | 0.72% | 0.58% | 0.00% | 0.63% | 0.12% | 0.39% | 0.09% | 0.10% | 0.31% | 0.21% |
SARK Tradr Short Innovation Daily ETF | 3.00% | 2.82% | 15.49% | 12.57% | 25.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SARK and FYC have a correlation of -0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SARK has higher volatility (12.56%) compared to FYC (7.00%). In terms of maximum drawdown, SARK dropped -81.07% vs FYC's -47.85%.
On 3-year performance, FYC leads with 28.14% vs -30.30% for SARK. On fees, FYC is cheaper at 0.71% per year. On volatility, FYC has been the lower-risk option at 7.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FYC has performed better with a 28.14% return vs -30.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FYC is cheaper with a 0.71% expense ratio, compared with 0.75% for SARK.
SARK has the higher dividend yield at 3.00%, compared with 0.06% for FYC.
SARK is categorized as Inverse Equities, while FYC is Small Cap Growth Equities. They also come from different issuers: AXS and First Trust. Their fees differ too: 0.75% for SARK and 0.71% for FYC.
FYC currently has the higher Sharpe Ratio (2.64 vs -0.56), 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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