SARK vs. QBTX

Last updated Aug 5, 2026

SARK (Tradr Short Innovation Daily ETF) and QBTX (Tradr 2X Long QBTS Daily ETF) are both exchange-traded funds - SARK is a Inverse Equities fund actively managed by AXS, while QBTX is a Leveraged Equities fund actively managed by AXS. Both are actively managed. Over the past year, SARK returned -14.81% vs -58.40% for QBTX. Their -0.61 correlation means they have often moved in opposite directions in the past. SARK charges 0.75%/yr vs 1.30%/yr for QBTX.

Performance

SARK vs. QBTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr Short Innovation Daily ETF (SARK) and Tradr 2X Long QBTS Daily ETF (QBTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SARK achieves a -7.36% return, which is significantly higher than QBTX's -66.99% 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%

QBTX

• 1D: 18.18%
• 1M: -17.58%
• 6M: -46.73%
• YTD: -66.99%
• 1Y: -58.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 33.81%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QBTX Tradr 2X Long QBTS Daily ETF	$20.59M	$16.85M	$40.33M
SARK Tradr Short Innovation Daily ETF	$5.02M	$4.74M	$6.36M

SARK vs. QBTX - Yearly Performance Comparison

	2026 (YTD)	2025
SARK Tradr Short Innovation Daily ETF	-7.36%	-39.55%
QBTX Tradr 2X Long QBTS Daily ETF	-66.99%	339.28%

Correlation

The correlation between SARK and QBTX is -0.66, 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.	-0.66
Correlation (All Time) Calculated using the full available price history since Apr 25, 2025	-0.61

The correlation between SARK and QBTX has been stable across timeframes, ranging from -0.66 to -0.61 - a consistent structural relationship.

Return for Risk

SARK vs. QBTX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SARK

SARK Risk / Return Rank: 5
SARK Sharpe Ratio Rank: 6
SARK Sortino Ratio Rank: 6
SARK Omega Ratio Rank: 6
SARK Calmar Ratio Rank: 5
SARK Martin Ratio Rank: 4

QBTX

QBTX Risk / Return Rank: 13
QBTX Sharpe Ratio Rank: 7
QBTX Sortino Ratio Rank: 26
QBTX Omega Ratio Rank: 23
QBTX Calmar Ratio Rank: 4
QBTX Martin Ratio Rank: 5

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SARK vs. QBTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr Short Innovation Daily ETF (SARK) and Tradr 2X Long QBTS Daily ETF (QBTX). 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	QBTX	Difference
Sharpe ratio: Return per unit of total volatility	-0.41	-0.27	-0.14
Sortino ratio: Return per unit of downside risk	-0.36	1.06	-1.43
Omega ratio: Gain probability vs. loss probability	0.96	1.11	-0.15
Calmar ratio: Return relative to maximum drawdown	-0.56	-0.61	+0.05
Martin ratio: Return relative to average drawdown	-1.00	-0.78	-0.23

SARK vs. QBTX - Sharpe Ratio Comparison

The current SARK Sharpe Ratio is -0.41, which is lower than the QBTX Sharpe Ratio of -0.27. The chart below compares the historical Sharpe Ratios of SARK and QBTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SARK vs. QBTX - Drawdown Comparison

The maximum SARK drawdown since its inception was -81.07%, smaller than the maximum QBTX drawdown of -95.48%. Use the drawdown chart below to compare losses from any high point for SARK and QBTX.

Drawdown Indicators

	SARK	QBTX	Difference
Max Drawdown Largest peak-to-trough decline	-81.07%	-95.48%	+14.41%
Max Drawdown (1Y) Largest decline over 1 year	-26.34%	-95.48%	+69.14%
Max Drawdown (3Y) Largest decline over 3 years	-74.42%	—	—
Current Drawdown Current decline from peak	-79.55%	-92.38%	+12.83%
Average Drawdown Average peak-to-trough decline	-47.59%	-60.55%	+12.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.77%	75.24%	-60.47%

Volatility

SARK vs. QBTX - Volatility Comparison

The current volatility for Tradr Short Innovation Daily ETF (SARK) is 11.78%, while Tradr 2X Long QBTS Daily ETF (QBTX) has a volatility of 63.81%. This indicates that SARK experiences smaller price fluctuations and is considered to be less risky than QBTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SARK	QBTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.78%	63.81%	-52.03%
Volatility (6M) Calculated over the trailing 6-month period	28.06%	150.70%	-122.64%
Volatility (1Y) Calculated over the trailing 1-year period	36.50%	221.08%	-184.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.76%	238.32%	-182.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.76%	238.32%	-182.56%

SARK vs. QBTX - Expense Ratio Comparison

SARK has a 0.75% expense ratio, which is lower than QBTX's 1.30% expense ratio.

Dividends

SARK vs. QBTX - Dividend Comparison

SARK's dividend yield for the trailing twelve months is around 3.04%, less than QBTX's 39.97% yield.

Position	TTM	2025	2024	2023	2022
QBTX Tradr 2X Long QBTS Daily ETF	39.97%	13.20%	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

Can I hold both SARK and QBTX in my portfolio?

SARK and QBTX have a correlation of -0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SARK or QBTX?

QBTX has higher volatility (63.81%) compared to SARK (11.78%). In terms of maximum drawdown, SARK dropped -81.07% vs QBTX's -95.48%.

Which ETF is better, SARK or QBTX?

On 1-year performance, SARK leads with -14.81% vs -58.40% for QBTX. On fees, SARK is cheaper at 0.75% per year. On volatility, SARK has been the lower-risk option at 11.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SARK or QBTX?

Over the 1-year period, SARK has performed better with a -14.81% return vs -58.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SARK or QBTX?

SARK is cheaper with a 0.75% expense ratio, compared with 1.30% for QBTX.

Which ETF pays a higher dividend yield, SARK or QBTX?

QBTX has the higher dividend yield at 39.97%, compared with 3.04% for SARK.

What is the main difference between SARK and QBTX?

SARK is categorized as Inverse Equities, while QBTX is Leveraged Equities. Their fees differ too: 0.75% for SARK and 1.30% for QBTX.

Which has better risk-adjusted returns?

QBTX currently has the higher Sharpe Ratio (-0.27 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.