SARK vs. GLD
SARK (Tradr Short Innovation Daily ETF) and GLD (SPDR Gold Shares) are both exchange-traded funds - SARK is a Inverse Equities fund actively managed by AXS, while GLD is a Gold fund tracking the LBMA Gold Price PM. SARK is actively managed, while GLD is passively managed. Over the past 3 years, SARK returned -28.52%/yr vs 27.58%/yr for GLD. Their -0.14 correlation means they have often moved in opposite directions in the past. SARK charges 0.75%/yr vs 0.40%/yr for GLD.
Performance
SARK vs. GLD - Performance Comparison
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Returns By Period
In the year-to-date period, SARK achieves a -7.36% return, which is significantly lower than GLD's -5.59% return.
SARK
- 1D
- -4.39%
- 1M
- 4.63%
- 6M
- -11.06%
- YTD
- -7.36%
- 1Y
- -14.81%
- 3Y*
- -28.52%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -12.60%
GLD
- 1D
- 0.66%
- 1M
- -1.05%
- 6M
- -17.64%
- YTD
- -5.59%
- 1Y
- 20.34%
- 3Y*
- 27.58%
- 5Y*
- 17.25%
- 10Y*
- 11.36%
- ALL TIME*
- 10.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.41B | $2.34B | $2.70B | |
| $5.02M | $4.74M | $6.36M |
SARK vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SARK Tradr Short Innovation Daily ETF | -7.36% | -25.93% | -36.90% | -46.32% | 83.35% | 24.05% |
GLD SPDR Gold Shares | -5.59% | 63.68% | 26.66% | 12.69% | -0.77% | 0.30% |
Correlation
The correlation between SARK and GLD is -0.34, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.34 |
Correlation (3Y) Balances recent behavior with more history. | -0.17 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | -0.14 |
Over the past year, the inverse relationship between SARK and GLD has strengthened: their correlation has moved from -0.14 to -0.34, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
SARK vs. GLD — Risk / Return Rank
SARK
GLD
SARK vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr Short Innovation Daily ETF (SARK) and SPDR Gold Shares (GLD). 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 | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.16 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 0.77 | -1.34 |
| Martin ratioReturn relative to average drawdown | -1.00 | 1.65 | -2.65 |
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Drawdowns
SARK vs. GLD - Drawdown Comparison
The maximum SARK drawdown since its inception was -81.07%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for SARK and GLD.
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Drawdown Indicators
| SARK | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.07% | -45.56% | -35.51% |
Max Drawdown (1Y)Largest decline over 1 year | -26.34% | -26.40% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -74.42% | -26.40% | -48.02% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.40% | — |
Current DrawdownCurrent decline from peak | -79.55% | -24.55% | -55.00% |
Average DrawdownAverage peak-to-trough decline | -47.59% | -16.21% | -31.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.77% | 12.38% | +2.39% |
Volatility
SARK vs. GLD - Volatility Comparison
Tradr Short Innovation Daily ETF (SARK) has a higher volatility of 11.78% compared to SPDR Gold Shares (GLD) at 5.99%. This indicates that SARK's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SARK | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.78% | 5.99% | +5.79% |
Volatility (6M)Calculated over the trailing 6-month period | 28.06% | 20.58% | +7.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.50% | 28.06% | +8.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.76% | 18.50% | +37.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.76% | 16.13% | +39.63% |
SARK vs. GLD - Expense Ratio Comparison
SARK has a 0.75% expense ratio, which is higher than GLD's 0.40% expense ratio.
Dividends
SARK vs. GLD - Dividend Comparison
SARK's dividend yield for the trailing twelve months is around 3.04%, while GLD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GLD SPDR Gold Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SARK Tradr Short Innovation Daily ETF | 3.04% | 2.82% | 15.49% | 12.57% | 25.22% |
Frequently Asked Questions
SARK and GLD 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 (11.78%) compared to GLD (5.99%). In terms of maximum drawdown, SARK dropped -81.07% vs GLD's -45.56%.
On 3-year performance, GLD leads with 27.58% vs -28.52% for SARK. On fees, GLD is cheaper at 0.40% per year. On volatility, GLD has been the lower-risk option at 5.99%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GLD has performed better with a 27.58% return vs -28.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GLD is cheaper with a 0.40% expense ratio, compared with 0.75% for SARK.
SARK has the higher dividend yield at 3.04%, compared with 0.00% for GLD.
SARK is categorized as Inverse Equities, while GLD is Gold. They also come from different issuers: AXS and State Street. Their fees differ too: 0.75% for SARK and 0.40% for GLD.
GLD currently has the higher Sharpe Ratio (0.73 vs -0.41), 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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