SARK vs. VIXY
SARK (Tradr Short Innovation Daily ETF) and VIXY (ProShares VIX Short-Term Futures ETF) are both exchange-traded funds - SARK is a Inverse Equities fund actively managed by AXS, while VIXY is a Volatility fund tracking the S&P 500 VIX Short-Term Futures Index. SARK is actively managed, while VIXY is passively managed. Over the past 3 years, SARK returned -24.59%/yr vs -39.34%/yr for VIXY. Their 0.60 correlation means they have sometimes moved together and sometimes differently. SARK charges 0.75%/yr vs 0.85%/yr for VIXY.
Performance
SARK vs. VIXY - Performance Comparison
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Returns By Period
In the year-to-date period, SARK achieves a 0.17% return, which is significantly higher than VIXY's -20.01% return.
SARK
- 1D
- 2.38%
- 1M
- 13.13%
- 6M
- -1.40%
- YTD
- 0.17%
- 1Y
- -10.99%
- 3Y*
- -24.59%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -11.17%
VIXY
- 1D
- -2.66%
- 1M
- -3.39%
- 6M
- -23.21%
- YTD
- -20.01%
- 1Y
- -54.18%
- 3Y*
- -39.34%
- 5Y*
- -47.11%
- 10Y*
- -46.69%
- ALL TIME*
- -48.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.94M | $4.74M | $6.45M | |
| $61.09M | $56.74M | $72.28M |
SARK vs. VIXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SARK Tradr Short Innovation Daily ETF | 0.17% | -25.93% | -36.90% | -46.32% | 83.35% | 24.05% |
VIXY ProShares VIX Short-Term Futures ETF | -20.01% | -43.05% | -27.43% | -72.74% | -24.98% | -10.92% |
Correlation
The correlation between SARK and VIXY is 0.61, 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. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | 0.60 |
The correlation between SARK and VIXY has been stable across timeframes, ranging from 0.60 to 0.61 - a consistent structural relationship.
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Return for Risk
SARK vs. VIXY — Risk / Return Rank
SARK
VIXY
SARK vs. VIXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr Short Innovation Daily ETF (SARK) and ProShares VIX Short-Term Futures ETF (VIXY). 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 | VIXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.85 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | -0.92 | +0.69 |
| Martin ratioReturn relative to average drawdown | -0.38 | -1.40 | +1.02 |
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Drawdowns
SARK vs. VIXY - Drawdown Comparison
The maximum SARK drawdown since its inception was -81.07%, smaller than the maximum VIXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SARK and VIXY.
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Drawdown Indicators
| SARK | VIXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.07% | -100.00% | +18.93% |
Max Drawdown (1Y)Largest decline over 1 year | -26.34% | -55.18% | +28.84% |
Max Drawdown (3Y)Largest decline over 3 years | -74.42% | -81.45% | +7.03% |
Max Drawdown (5Y)Largest decline over 5 years | — | -95.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.82% | — |
Current DrawdownCurrent decline from peak | -77.89% | -100.00% | +22.11% |
Average DrawdownAverage peak-to-trough decline | -47.53% | -92.24% | +44.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.44% | 36.13% | -20.69% |
Volatility
SARK vs. VIXY - Volatility Comparison
The current volatility for Tradr Short Innovation Daily ETF (SARK) is 10.43%, while ProShares VIX Short-Term Futures ETF (VIXY) has a volatility of 14.60%. This indicates that SARK experiences smaller price fluctuations and is considered to be less risky than VIXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SARK | VIXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.43% | 14.60% | -4.17% |
Volatility (6M)Calculated over the trailing 6-month period | 27.70% | 43.36% | -15.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.55% | 57.54% | -20.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.75% | 69.97% | -14.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.75% | 71.89% | -16.14% |
SARK vs. VIXY - Expense Ratio Comparison
SARK has a 0.75% expense ratio, which is lower than VIXY's 0.85% expense ratio.
Dividends
SARK vs. VIXY - Dividend Comparison
SARK's dividend yield for the trailing twelve months is around 2.81%, while VIXY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
SARK Tradr Short Innovation Daily ETF | 2.81% | 2.82% | 15.49% | 12.57% | 25.22% |
VIXY ProShares VIX Short-Term Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SARK and VIXY have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VIXY has higher volatility (14.60%) compared to SARK (10.43%). In terms of maximum drawdown, SARK dropped -81.07% vs VIXY's -100.00%.
On 3-year performance, SARK leads with -24.59% vs -39.34% for VIXY. On fees, SARK is cheaper at 0.75% per year. On volatility, SARK has been the lower-risk option at 10.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SARK has performed better with a -24.59% return vs -39.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SARK is cheaper with a 0.75% expense ratio, compared with 0.85% for VIXY.
SARK has the higher dividend yield at 2.81%, compared with 0.00% for VIXY.
SARK is categorized as Inverse Equities, while VIXY is Volatility. They also come from different issuers: AXS and ProShares. Their fees differ too: 0.75% for SARK and 0.85% for VIXY.
SARK currently has the higher Sharpe Ratio (-0.16 vs -0.88), 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.
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