SARK vs. ISCG
SARK (Tradr Short Innovation Daily ETF) and ISCG (iShares Morningstar Small-Cap Growth ETF) are both exchange-traded funds - SARK is a Inverse Equities fund actively managed by AXS, while ISCG is a Small Cap Growth Equities fund tracking the Morningstar US Small Cap Broad Growth Extended Index. SARK is actively managed, while ISCG is passively managed. Over the past 3 years, SARK returned -30.74%/yr vs 17.01%/yr for ISCG. At a correlation of -0.83, they often move in opposite directions. SARK charges 0.75%/yr vs 0.06%/yr for ISCG.
Performance
SARK vs. ISCG - 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 ISCG's 12.92% return.
SARK
- 1D
- 2.29%
- 1M
- -0.49%
- YTD
- -6.78%
- 6M
- -2.33%
- 1Y
- -33.81%
- 3Y*
- -30.74%
- 5Y*
- —
- 10Y*
- —
ISCG
- 1D
- -0.93%
- 1M
- 3.29%
- YTD
- 12.92%
- 6M
- 12.57%
- 1Y
- 30.64%
- 3Y*
- 17.01%
- 5Y*
- 5.31%
- 10Y*
- 11.37%
SARK vs. ISCG - 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% |
ISCG iShares Morningstar Small-Cap Growth ETF | 12.92% | 12.88% | 13.35% | 23.13% | -26.75% | -8.27% |
Correlation
The correlation between SARK and ISCG 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 | -0.80 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021 | -0.83 |
The correlation between SARK and ISCG has been stable across timeframes, ranging from -0.83 to -0.78 - a consistent structural relationship.
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Return for Risk
SARK vs. ISCG — Risk / Return Rank
SARK
ISCG
SARK vs. ISCG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr Short Innovation Daily ETF (SARK) and iShares Morningstar Small-Cap Growth ETF (ISCG). 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 | ISCG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.65 | ||
| Sortino ratioReturn per unit of downside risk | -3.70 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.29 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 2.69 | -3.53 |
| Martin ratioReturn relative to average drawdown | -1.11 | 10.31 | -11.42 |
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 | ISCG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.95 | 1.70 | -2.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.23 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | 0.41 | -0.65 |
Drawdowns
SARK vs. ISCG - Drawdown Comparison
The maximum SARK drawdown since its inception was -81.07%, which is greater than ISCG's maximum drawdown of -57.72%. Use the drawdown chart below to compare losses from any high point for SARK and ISCG.
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Drawdown Indicators
| SARK | ISCG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.07% | -57.72% | -23.35% |
Max Drawdown (1Y)Largest decline over 1 year | -40.75% | -11.43% | -29.32% |
Max Drawdown (3Y)Largest decline over 3 years | -74.42% | -26.71% | -47.71% |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.80% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.48% | — |
Current DrawdownCurrent decline from peak | -79.42% | -0.93% | -78.49% |
Average DrawdownAverage peak-to-trough decline | -46.46% | -11.63% | -34.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.47% | 2.98% | +27.49% |
Volatility
SARK vs. ISCG - Volatility Comparison
Tradr Short Innovation Daily ETF (SARK) has a higher volatility of 9.13% compared to iShares Morningstar Small-Cap Growth ETF (ISCG) at 4.93%. This indicates that SARK's price experiences larger fluctuations and is considered to be riskier than ISCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SARK | ISCG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.13% | 4.93% | +4.20% |
Volatility (6M)Calculated over the trailing 6-month period | 25.05% | 13.09% | +11.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.91% | 18.13% | +17.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.24% | 22.95% | +33.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.24% | 23.16% | +33.08% |
SARK vs. ISCG - Expense Ratio Comparison
SARK has a 0.75% expense ratio, which is higher than ISCG's 0.06% expense ratio.
Dividends
SARK vs. ISCG - Dividend Comparison
SARK's dividend yield for the trailing twelve months is around 3.02%, more than ISCG's 0.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISCG iShares Morningstar Small-Cap Growth ETF | 0.56% | 0.61% | 0.84% | 0.77% | 0.92% | 0.62% | 0.10% | 0.27% | 0.40% | 0.52% | 1.19% | 0.64% |
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 ISCG 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 ISCG (4.93%). In terms of maximum drawdown, SARK dropped -81.07% vs ISCG's -57.72%.
On 3-year performance, ISCG leads with 17.01% vs -30.74% for SARK. On fees, ISCG is cheaper at 0.06% per year. On volatility, ISCG has been the lower-risk option at 4.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ISCG has performed better with a 17.01% return vs -30.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISCG is cheaper with a 0.06% expense ratio, compared with 0.75% for SARK.
SARK has the higher dividend yield at 3.02%, compared with 0.56% for ISCG.
SARK is categorized as Inverse Equities, while ISCG is Small Cap Growth Equities. They also come from different issuers: AXS and iShares. Their fees differ too: 0.75% for SARK and 0.06% for ISCG.
ISCG currently has the higher Sharpe Ratio (1.70 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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