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 -27.37%/yr vs 29.99%/yr for PGR. At a 0.01 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 -8.35% return, which is significantly lower than PGR's 9.61% return.
SARK
- 1D
- 2.42%
- 1M
- -4.13%
- 6M
- -1.28%
- YTD
- -8.35%
- 1Y
- -17.72%
- 3Y*
- -27.37%
- 5Y*
- —
- 10Y*
- —
PGR
- 1D
- 1.63%
- 1M
- 15.50%
- 6M
- 8.41%
- YTD
- 9.61%
- 1Y
- 1.93%
- 3Y*
- 29.99%
- 5Y*
- 21.88%
- 10Y*
- 25.05%
SARK vs. PGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SARK Tradr Short Innovation Daily ETF | -8.35% | -25.93% | -36.90% | -46.32% | 83.35% | 24.05% |
PGR The Progressive Corporation | 9.61% | -3.02% | 51.39% | 23.16% | 26.81% | 8.05% |
Correlation
The correlation between SARK and PGR is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
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 | 0.01 |
Over the past year, SARK and PGR have become more correlated (0.22) than their long-term average of 0.01, meaning their price movements have been converging.
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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 | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.03 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 0.10 | -0.77 |
| Martin ratioReturn relative to average drawdown | -1.19 | 0.17 | -1.36 |
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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 | -26.34% | -19.79% | -6.55% |
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 | -79.77% | -14.19% | -65.58% |
Average DrawdownAverage peak-to-trough decline | -47.16% | -14.54% | -32.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.88% | 11.60% | +3.28% |
Volatility
SARK vs. PGR - Volatility Comparison
Tradr Short Innovation Daily ETF (SARK) has a higher volatility of 10.16% compared to The Progressive Corporation (PGR) at 8.30%. 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 | 10.16% | 8.30% | +1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 26.83% | 17.97% | +8.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.04% | 23.34% | +12.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.93% | 24.78% | +31.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.93% | 24.58% | +31.35% |
Dividends
SARK vs. PGR - Dividend Comparison
SARK's dividend yield for the trailing twelve months is around 3.07%, less than PGR's 5.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGR The Progressive Corporation | 5.93% | 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 | 3.07% | 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 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SARK has higher volatility (10.16%) compared to PGR (8.30%). In terms of maximum drawdown, SARK dropped -81.07% vs PGR's -71.06%.
PGR currently has the higher Sharpe Ratio (0.08 vs -0.49), 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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