SARK vs. SH
Compare and contrast key facts about Tradr Short Innovation Daily ETF (SARK) and ProShares Short S&P500 (SH).
SARK and SH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SARK is an actively managed fund by AXS. It was launched on Nov 5, 2021. SH is a passively managed fund by ProShares that tracks the performance of the S&P 500 (-100%). It was launched on Jun 19, 2006.
Performance
SARK vs. SH - Performance Comparison
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SARK vs. SH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SARK Tradr Short Innovation Daily ETF | 9.55% | -25.93% | -36.90% | -46.32% | 83.35% | 20.78% |
SH ProShares Short S&P500 | 5.77% | -11.35% | -13.52% | -14.80% | 18.98% | -2.37% |
Returns By Period
In the year-to-date period, SARK achieves a 9.55% return, which is significantly higher than SH's 5.77% return.
SARK
- 1D
- -6.28%
- 1M
- 6.42%
- YTD
- 9.55%
- 6M
- 18.96%
- 1Y
- -34.21%
- 3Y*
- -27.96%
- 5Y*
- —
- 10Y*
- —
SH
- 1D
- -2.82%
- 1M
- 5.57%
- YTD
- 5.77%
- 6M
- 4.49%
- 1Y
- -11.46%
- 3Y*
- -9.86%
- 5Y*
- -7.57%
- 10Y*
- -11.84%
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SARK vs. SH - Expense Ratio Comparison
SARK has a 0.75% expense ratio, which is lower than SH's 0.90% expense ratio.
Return for Risk
SARK vs. SH — Risk / Return Rank
SARK
SH
SARK vs. SH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr Short Innovation Daily ETF (SARK) and ProShares Short S&P500 (SH). 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 | SH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.74 | -0.63 | -0.11 |
Sortino ratioReturn per unit of downside risk | -0.95 | -0.79 | -0.17 |
Omega ratioGain probability vs. loss probability | 0.89 | 0.89 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | -0.52 | -0.45 | -0.07 |
Martin ratioReturn relative to average drawdown | -0.65 | -0.55 | -0.10 |
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 | SH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.74 | -0.63 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.45 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | -0.56 | +0.37 |
Correlation
The correlation between SARK and SH is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SARK vs. SH - Dividend Comparison
SARK's dividend yield for the trailing twelve months is around 2.57%, less than SH's 3.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SARK Tradr Short Innovation Daily ETF | 2.57% | 2.82% | 15.49% | 12.57% | 25.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SH ProShares Short S&P500 | 3.92% | 4.49% | 6.20% | 5.37% | 1.08% | 0.00% | 0.16% | 1.76% | 1.01% | 0.06% |
Drawdowns
SARK vs. SH - Drawdown Comparison
The maximum SARK drawdown since its inception was -81.07%, smaller than the maximum SH drawdown of -94.26%. Use the drawdown chart below to compare losses from any high point for SARK and SH.
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Drawdown Indicators
| SARK | SH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.07% | -94.26% | +13.19% |
Max Drawdown (1Y)Largest decline over 1 year | -59.44% | -26.61% | -32.83% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.35% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -74.31% | — |
Current DrawdownCurrent decline from peak | -75.82% | -93.82% | +18.00% |
Average DrawdownAverage peak-to-trough decline | -45.17% | -67.49% | +22.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.87% | 21.81% | +26.06% |
Volatility
SARK vs. SH - Volatility Comparison
Tradr Short Innovation Daily ETF (SARK) has a higher volatility of 12.51% compared to ProShares Short S&P500 (SH) at 5.30%. This indicates that SARK's price experiences larger fluctuations and is considered to be riskier than SH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SARK | SH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.51% | 5.30% | +7.21% |
Volatility (6M)Calculated over the trailing 6-month period | 27.14% | 9.43% | +17.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.51% | 18.17% | +28.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.97% | 16.87% | +40.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.97% | 17.99% | +38.98% |