SARK vs. QQDN
SARK (Tradr Short Innovation Daily ETF) and QQDN (ProShares UltraShort QQQ Mega) are both Inverse Equities funds. SARK is actively managed, while QQDN is passively managed. A 0.63 correlation means they provide meaningful diversification when combined. SARK charges 0.75%/yr vs 0.95%/yr for QQDN.
Performance
SARK vs. QQDN - Performance Comparison
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Returns By Period
In the year-to-date period, SARK achieves a -9.16% return, which is significantly higher than QQDN's -17.46% return.
SARK
- 1D
- -2.55%
- 1M
- -5.04%
- YTD
- -9.16%
- 6M
- -2.48%
- 1Y
- -35.40%
- 3Y*
- -31.10%
- 5Y*
- —
- 10Y*
- —
QQDN
- 1D
- -0.14%
- 1M
- -6.55%
- YTD
- -17.46%
- 6M
- -13.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SARK vs. QQDN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SARK Tradr Short Innovation Daily ETF | -9.16% | -23.27% |
QQDN ProShares UltraShort QQQ Mega | -17.46% | -34.14% |
Correlation
The correlation between SARK and QQDN is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025 | 0.63 |
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Return for Risk
SARK vs. QQDN — Risk / Return Rank
SARK
QQDN
SARK vs. QQDN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr Short Innovation Daily ETF (SARK) and ProShares UltraShort QQQ Mega (QQDN). 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 | QQDN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.85 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | — | — |
| Martin ratioReturn relative to average drawdown | -1.16 | — | — |
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 | QQDN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.99 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.25 | -1.21 | +0.96 |
Drawdowns
SARK vs. QQDN - Drawdown Comparison
The maximum SARK drawdown since its inception was -81.07%, which is greater than QQDN's maximum drawdown of -50.19%. Use the drawdown chart below to compare losses from any high point for SARK and QQDN.
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Drawdown Indicators
| SARK | QQDN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.07% | -50.19% | -30.88% |
Max Drawdown (1Y)Largest decline over 1 year | -40.75% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -74.42% | — | — |
Current DrawdownCurrent decline from peak | -79.95% | -47.00% | -32.95% |
Average DrawdownAverage peak-to-trough decline | -46.49% | -30.23% | -16.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.56% | — | — |
Volatility
SARK vs. QQDN - Volatility Comparison
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Volatility by Period
| SARK | QQDN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.19% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 25.16% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 35.98% | 38.51% | -2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.23% | 38.51% | +17.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.23% | 38.51% | +17.72% |
SARK vs. QQDN - Expense Ratio Comparison
SARK has a 0.75% expense ratio, which is lower than QQDN's 0.95% expense ratio.
Dividends
SARK vs. QQDN - Dividend Comparison
SARK's dividend yield for the trailing twelve months is around 3.10%, less than QQDN's 4.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
QQDN ProShares UltraShort QQQ Mega | 4.93% | 3.42% | 0.00% | 0.00% | 0.00% |
SARK Tradr Short Innovation Daily ETF | 3.10% | 2.82% | 15.49% | 12.57% | 25.22% |
Frequently Asked Questions
SARK and QQDN have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SARK is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SARK is cheaper with a 0.75% expense ratio, compared with 0.95% for QQDN.
QQDN has the higher dividend yield at 4.93%, compared with 3.10% for SARK.
They also come from different issuers: AXS and ProShares. Their fees differ too: 0.75% for SARK and 0.95% for QQDN.
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