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 -30.74%/yr vs 26.12%/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 -6.78% return, which is significantly lower than FYC's 20.01% return.
SARK
- 1D
- 2.29%
- 1M
- -0.49%
- YTD
- -6.78%
- 6M
- -2.33%
- 1Y
- -33.81%
- 3Y*
- -30.74%
- 5Y*
- —
- 10Y*
- —
FYC
- 1D
- -0.91%
- 1M
- 3.23%
- YTD
- 20.01%
- 6M
- 20.96%
- 1Y
- 53.40%
- 3Y*
- 26.12%
- 5Y*
- 10.47%
- 10Y*
- 14.30%
SARK vs. FYC - 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% |
FYC First Trust Small Cap Growth AlphaDEX Fund | 20.01% | 24.24% | 23.99% | 14.52% | -25.86% | -6.76% |
Correlation
The correlation between SARK and FYC is -0.78, 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 | -0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.79 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021 | -0.80 |
The correlation between SARK and FYC has been stable across timeframes, ranging from -0.80 to -0.78 - 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.
| SARK | FYC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.50 | ||
| Sortino ratioReturn per unit of downside risk | -4.75 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.41 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 5.12 | -5.95 |
| Martin ratioReturn relative to average drawdown | -1.11 | 18.64 | -19.75 |
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 | FYC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.95 | 2.55 | -3.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.45 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | 0.54 | -0.78 |
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 | -40.75% | -10.48% | -30.27% |
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 | -79.42% | -1.83% | -77.59% |
Average DrawdownAverage peak-to-trough decline | -46.46% | -9.66% | -36.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.47% | 2.87% | +27.60% |
Volatility
SARK vs. FYC - Volatility Comparison
Tradr Short Innovation Daily ETF (SARK) has a higher volatility of 9.13% compared to First Trust Small Cap Growth AlphaDEX Fund (FYC) at 5.53%. 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 | 9.13% | 5.53% | +3.60% |
Volatility (6M)Calculated over the trailing 6-month period | 25.05% | 14.99% | +10.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.91% | 21.03% | +14.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.24% | 23.62% | +32.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.24% | 24.57% | +31.67% |
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 3.02%, more than FYC's 0.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FYC First Trust Small Cap Growth AlphaDEX Fund | 0.07% | 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 | 3.02% | 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 -0.78, 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 FYC (5.53%). In terms of maximum drawdown, SARK dropped -81.07% vs FYC's -47.85%.
On 3-year performance, FYC leads with 26.12% vs -30.74% for SARK. On fees, FYC is cheaper at 0.71% per year. On volatility, FYC has been the lower-risk option at 5.53%. 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 26.12% return vs -30.74%. 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 3.02%, compared with 0.07% 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 (2.55 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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