SARK vs. TARK

Last updated Jun 24, 2026

SARK (Tradr Short Innovation Daily ETF) and TARK (Tradr 2X Long Innovation ETF) are both exchange-traded funds - SARK is a Inverse Equities fund actively managed by AXS, while TARK is a Leveraged Equities fund actively managed by AXS. Both are actively managed. Over the past 3 years, SARK returned -30.30%/yr vs 18.03%/yr for TARK. At a correlation of -0.99, they often move in opposite directions. SARK charges 0.75%/yr vs 1.15%/yr for TARK.

Performance

SARK vs. TARK - 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 Innovation ETF (TARK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SARK achieves a -6.20% return, which is significantly higher than TARK's -10.45% return.

SARK

• 1D: 2.03%
• 1M: -1.78%
• YTD: -6.20%
• 6M: -1.73%
• 1Y: -19.94%
• 3Y*: -30.30%
• 5Y*: —
• 10Y*: —

TARK

• 1D: -4.11%
• 1M: -0.84%
• YTD: -10.45%
• 6M: -18.36%
• 1Y: 1.64%
• 3Y*: 18.03%
• 5Y*: —
• 10Y*: —

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

SARK vs. TARK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SARK Tradr Short Innovation Daily ETF	-6.20%	-25.93%	-36.90%	-46.32%	8.44%
TARK Tradr 2X Long Innovation ETF	-10.45%	41.00%	-4.85%	121.37%	-71.31%

Correlation

The correlation between SARK and TARK is -1.00, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-1.00
Correlation (3Y) Calculated over the trailing 3-year period	-0.98
Correlation (All Time) Calculated using the full available price history since May 2, 2022	-0.99

The correlation between SARK and TARK has been stable across timeframes, ranging from -1.00 to -0.98 - a consistent structural relationship.

Return for Risk

SARK vs. TARK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SARK

SARK Risk / Return Rank: 4
SARK Sharpe Ratio Rank: 4
SARK Sortino Ratio Rank: 4
SARK Omega Ratio Rank: 5
SARK Calmar Ratio Rank: 3
SARK Martin Ratio Rank: 3

TARK

TARK Risk / Return Rank: 10
TARK Sharpe Ratio Rank: 9
TARK Sortino Ratio Rank: 12
TARK Omega Ratio Rank: 12
TARK Calmar Ratio Rank: 9
TARK Martin Ratio Rank: 9

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SARK vs. TARK - 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 Innovation ETF (TARK). 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	TARK	Difference
Sharpe ratio: Return per unit of total volatility	-0.56	0.02	-0.58
Sortino ratio: Return per unit of downside risk	-0.62	0.54	-1.16
Omega ratio: Gain probability vs. loss probability	0.93	1.06	-0.13
Calmar ratio: Return relative to maximum drawdown	-0.75	0.03	-0.78
Martin ratio: Return relative to average drawdown	-1.26	0.05	-1.32

SARK vs. TARK - Sharpe Ratio Comparison

The current SARK Sharpe Ratio is -0.56, which is lower than the TARK Sharpe Ratio of 0.02. The chart below compares the historical Sharpe Ratios of SARK and TARK, 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. TARK - Drawdown Comparison

The maximum SARK drawdown since its inception was -81.07%, roughly equal to the maximum TARK drawdown of -77.82%. Use the drawdown chart below to compare losses from any high point for SARK and TARK.

Drawdown Indicators

	SARK	TARK	Difference
Max Drawdown Largest peak-to-trough decline	-81.07%	-77.82%	-3.25%
Max Drawdown (1Y) Largest decline over 1 year	-26.61%	-57.57%	+30.96%
Max Drawdown (3Y) Largest decline over 3 years	-74.42%	-65.55%	-8.87%
Current Drawdown Current decline from peak	-79.29%	-41.07%	-38.22%
Average Drawdown Average peak-to-trough decline	-46.79%	-50.80%	+4.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.99%	30.71%	-14.72%

Volatility

SARK vs. TARK - Volatility Comparison

The current volatility for Tradr Short Innovation Daily ETF (SARK) is 12.56%, while Tradr 2X Long Innovation ETF (TARK) has a volatility of 24.92%. This indicates that SARK experiences smaller price fluctuations and is considered to be less risky than TARK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SARK	TARK	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.56%	24.92%	-12.36%
Volatility (6M) Calculated over the trailing 6-month period	26.66%	53.17%	-26.51%
Volatility (1Y) Calculated over the trailing 1-year period	35.83%	71.40%	-35.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.15%	90.67%	-34.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.15%	90.67%	-34.52%

SARK vs. TARK - Expense Ratio Comparison

SARK has a 0.75% expense ratio, which is lower than TARK's 1.15% expense ratio.

Dividends

SARK vs. TARK - Dividend Comparison

SARK's dividend yield for the trailing twelve months is around 3.00%, less than TARK's 33.49% yield.

Position	TTM	2025	2024	2023	2022
SARK Tradr Short Innovation Daily ETF	3.00%	2.82%	15.49%	12.57%	25.22%
TARK Tradr 2X Long Innovation ETF	33.49%	30.00%	0.59%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SARK and TARK in my portfolio?

SARK and TARK have a correlation of -1.00, 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 TARK?

TARK has higher volatility (24.92%) compared to SARK (12.56%). In terms of maximum drawdown, SARK dropped -81.07% vs TARK's -77.82%.

Which ETF is better, SARK or TARK?

On 3-year performance, TARK leads with 18.03% vs -30.30% for SARK. On fees, SARK is cheaper at 0.75% per year. On volatility, SARK has been the lower-risk option at 12.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SARK or TARK?

Over the 3-year period, TARK has performed better with a 18.03% return vs -30.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SARK or TARK?

SARK is cheaper with a 0.75% expense ratio, compared with 1.15% for TARK.

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

TARK has the higher dividend yield at 33.49%, compared with 3.00% for SARK.

What is the main difference between SARK and TARK?

SARK is categorized as Inverse Equities, while TARK is Leveraged Equities. Their fees differ too: 0.75% for SARK and 1.15% for TARK.

Which has better risk-adjusted returns?

TARK currently has the higher Sharpe Ratio (0.02 vs -0.56), 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.