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 Investments. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SARK or SH.
Key characteristics
| SARK | SH | |
|---|---|---|
| YTD Return | 6.43% | -10.92% |
| 1Y Return | -17.82% | -15.52% |
| Sharpe Ratio | -0.35 | -1.22 |
| Daily Std Dev | 48.01% | 12.52% |
| Max Drawdown | -54.37% | -93.38% |
| Current Drawdown | -49.73% | -93.26% |
Correlation
The correlation between SARK and SH is 0.73, 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.
Performance
SARK vs. SH - Performance Comparison
In the year-to-date period, SARK achieves a 6.43% return, which is significantly higher than SH's -10.92% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
SARK vs. SH - Risk-Adjusted Performance 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.
Dividends
SARK vs. SH - Dividend Comparison
SARK's dividend yield for the trailing twelve months is around 11.81%, more than SH's 6.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
SARK Tradr Short Innovation Daily ETF | 11.81% | 12.57% | 25.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SH ProShares Short S&P500 | 5.12% | 5.37% | 0.32% | 0.00% | 0.16% | 1.76% | 1.01% | 0.06% |
Drawdowns
SARK vs. SH - Drawdown Comparison
The maximum SARK drawdown since its inception was -54.37%, smaller than the maximum SH drawdown of -93.38%. Use the drawdown chart below to compare losses from any high point for SARK and SH. For additional features, visit the drawdowns tool.
Volatility
SARK vs. SH - Volatility Comparison
Tradr Short Innovation Daily ETF (SARK) has a higher volatility of 20.74% compared to ProShares Short S&P500 (SH) at 3.94%. 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.