SARK vs. TSLZ

Last updated Aug 5, 2026

SARK (Tradr Short Innovation Daily ETF) and TSLZ (T-Rex 2X Inverse Tesla Daily Target ETF) are both Inverse Equities funds. Both are actively managed. Over the past year, SARK returned -14.81% vs -51.66% for TSLZ. Their 0.65 correlation means they have sometimes moved together and sometimes differently. SARK charges 0.75%/yr vs 1.05%/yr for TSLZ.

Performance

SARK vs. TSLZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr Short Innovation Daily ETF (SARK) and T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ). 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 lower than TSLZ's 30.55% 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%

TSLZ

• 1D: -3.37%
• 1M: 29.62%
• 6M: 18.97%
• YTD: 30.55%
• 1Y: -51.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -72.77%

*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)
SARK Tradr Short Innovation Daily ETF	$5.02M	$4.74M	$6.36M
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	$38.09M	$32.22M	$41.20M

SARK vs. TSLZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SARK Tradr Short Innovation Daily ETF	-7.36%	-25.93%	-36.90%	-30.24%
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	30.55%	-75.98%	-88.79%	-24.75%

Correlation

The correlation between SARK and TSLZ is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.63
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023	0.65

The correlation between SARK and TSLZ has been stable across timeframes, ranging from 0.63 to 0.65 - a consistent structural relationship.

Return for Risk

SARK vs. TSLZ — 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

TSLZ

TSLZ Risk / Return Rank: 5
TSLZ Sharpe Ratio Rank: 4
TSLZ Sortino Ratio Rank: 5
TSLZ Omega Ratio Rank: 5
TSLZ Calmar Ratio Rank: 3
TSLZ 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. TSLZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr Short Innovation Daily ETF (SARK) and T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ). 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	TSLZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.41	-0.56	+0.16
Sortino ratio: Return per unit of downside risk	-0.36	-0.48	+0.12
Omega ratio: Gain probability vs. loss probability	0.96	0.95	+0.01
Calmar ratio: Return relative to maximum drawdown	-0.56	-0.76	+0.19
Martin ratio: Return relative to average drawdown	-1.00	-0.93	-0.07

SARK vs. TSLZ - Sharpe Ratio Comparison

The current SARK Sharpe Ratio is -0.41, which is comparable to the TSLZ Sharpe Ratio of -0.56. The chart below compares the historical Sharpe Ratios of SARK and TSLZ, 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. TSLZ - Drawdown Comparison

The maximum SARK drawdown since its inception was -81.07%, smaller than the maximum TSLZ drawdown of -99.11%. Use the drawdown chart below to compare losses from any high point for SARK and TSLZ.

Drawdown Indicators

	SARK	TSLZ	Difference
Max Drawdown Largest peak-to-trough decline	-81.07%	-99.11%	+18.04%
Max Drawdown (1Y) Largest decline over 1 year	-26.34%	-68.61%	+42.27%
Max Drawdown (3Y) Largest decline over 3 years	-74.42%	—	—
Current Drawdown Current decline from peak	-79.55%	-98.63%	+19.08%
Average Drawdown Average peak-to-trough decline	-47.59%	-76.66%	+29.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.77%	55.35%	-40.58%

Volatility

SARK vs. TSLZ - Volatility Comparison

The current volatility for Tradr Short Innovation Daily ETF (SARK) is 11.78%, while T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) has a volatility of 32.71%. This indicates that SARK experiences smaller price fluctuations and is considered to be less risky than TSLZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SARK	TSLZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.78%	32.71%	-20.93%
Volatility (6M) Calculated over the trailing 6-month period	28.06%	67.42%	-39.36%
Volatility (1Y) Calculated over the trailing 1-year period	36.50%	91.78%	-55.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.76%	117.59%	-61.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.76%	117.59%	-61.83%

SARK vs. TSLZ - Expense Ratio Comparison

SARK has a 0.75% expense ratio, which is lower than TSLZ's 1.05% expense ratio.

Dividends

SARK vs. TSLZ - Dividend Comparison

SARK's dividend yield for the trailing twelve months is around 3.04%, more than TSLZ's 0.53% yield.

Position	TTM	2025	2024	2023	2022
SARK Tradr Short Innovation Daily ETF	3.04%	2.82%	15.49%	12.57%	25.22%
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	0.53%	0.69%	2.08%	12.15%	0.00%

Frequently Asked Questions

Can I hold both SARK and TSLZ in my portfolio?

SARK and TSLZ 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.

Which is riskier, SARK or TSLZ?

TSLZ has higher volatility (32.71%) compared to SARK (11.78%). In terms of maximum drawdown, SARK dropped -81.07% vs TSLZ's -99.11%.

Which ETF is better, SARK or TSLZ?

On 1-year performance, SARK leads with -14.81% vs -51.66% for TSLZ. 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 TSLZ?

Over the 1-year period, SARK has performed better with a -14.81% return vs -51.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SARK or TSLZ?

SARK is cheaper with a 0.75% expense ratio, compared with 1.05% for TSLZ.

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

SARK has the higher dividend yield at 3.04%, compared with 0.53% for TSLZ.

What is the main difference between SARK and TSLZ?

They also come from different issuers: AXS and T-Rex. Their fees differ too: 0.75% for SARK and 1.05% for TSLZ.

Which has better risk-adjusted returns?

SARK currently has the higher Sharpe Ratio (-0.41 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.