SARK vs. PGR
SARK (Tradr Short Innovation Daily ETF) is Inverse Equities fund actively managed by AXS, while PGR (The Progressive Corporation) is a stock. Over the past 3 years, SARK returned -30.30%/yr vs 21.14%/yr for PGR. At a 0.00 correlation, their price movements are largely independent.
Performance
SARK vs. PGR - 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 PGR's 0.79% return.
SARK
- 1D
- 2.03%
- 1M
- -1.78%
- YTD
- -6.20%
- 6M
- -1.73%
- 1Y
- -19.94%
- 3Y*
- -30.30%
- 5Y*
- —
- 10Y*
- —
PGR
- 1D
- 4.01%
- 1M
- 8.11%
- YTD
- 0.79%
- 6M
- 0.71%
- 1Y
- -13.77%
- 3Y*
- 21.14%
- 5Y*
- 20.31%
- 10Y*
- 24.55%
SARK vs. PGR - 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% |
PGR The Progressive Corporation | 0.79% | -3.02% | 51.39% | 23.16% | 26.81% | 8.05% |
Correlation
The correlation between SARK and PGR is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | 0.00 |
The correlation between SARK and PGR shifts across timeframes, from 0.00 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SARK vs. PGR — Risk / Return Rank
SARK
PGR
SARK vs. PGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr Short Innovation Daily ETF (SARK) and The Progressive Corporation (PGR). 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 | PGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.91 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | -0.58 | -0.18 |
| Martin ratioReturn relative to average drawdown | -1.26 | -0.88 | -0.39 |
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Drawdowns
SARK vs. PGR - Drawdown Comparison
The maximum SARK drawdown since its inception was -81.07%, which is greater than PGR's maximum drawdown of -71.06%. Use the drawdown chart below to compare losses from any high point for SARK and PGR.
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Drawdown Indicators
| SARK | PGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.07% | -71.06% | -10.01% |
Max Drawdown (1Y)Largest decline over 1 year | -26.61% | -24.02% | -2.59% |
Max Drawdown (3Y)Largest decline over 3 years | -74.42% | -30.35% | -44.07% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.35% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.35% | — |
Current DrawdownCurrent decline from peak | -79.29% | -21.10% | -58.19% |
Average DrawdownAverage peak-to-trough decline | -46.79% | -14.54% | -32.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.99% | 15.74% | +0.25% |
Volatility
SARK vs. PGR - Volatility Comparison
Tradr Short Innovation Daily ETF (SARK) has a higher volatility of 12.56% compared to The Progressive Corporation (PGR) at 7.85%. This indicates that SARK's price experiences larger fluctuations and is considered to be riskier than PGR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SARK | PGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.56% | 7.85% | +4.71% |
Volatility (6M)Calculated over the trailing 6-month period | 26.66% | 16.67% | +9.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.83% | 22.77% | +13.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.15% | 24.60% | +31.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.15% | 24.51% | +31.64% |
Dividends
SARK vs. PGR - Dividend Comparison
SARK's dividend yield for the trailing twelve months is around 3.00%, less than PGR's 6.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGR The Progressive Corporation | 6.44% | 2.15% | 0.48% | 0.25% | 0.31% | 6.23% | 2.68% | 3.89% | 1.86% | 1.21% | 2.50% | 2.16% |
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 PGR have a correlation of 0.20, 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 PGR (7.85%). In terms of maximum drawdown, SARK dropped -81.07% vs PGR's -71.06%.
SARK currently has the higher Sharpe Ratio (-0.56 vs -0.61), 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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