SARK vs. WUGI

Last updated Aug 5, 2026

SARK (Tradr Short Innovation Daily ETF) and WUGI (AXS Esoterica NextG Economy ETF) are both exchange-traded funds - SARK is a Inverse Equities fund actively managed by AXS, while WUGI is a Large Cap Growth Equities fund actively managed by AXS. Both are actively managed. Over the past 3 years, SARK returned -28.52%/yr vs 31.41%/yr for WUGI. Their -0.74 correlation means they have often moved in opposite directions in the past. Both charge a 0.75% expense ratio.

Performance

SARK vs. WUGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr Short Innovation Daily ETF (SARK) and AXS Esoterica NextG Economy ETF (WUGI). 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 WUGI's 18.36% 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%

WUGI

• 1D: 4.40%
• 1M: -2.97%
• 6M: 22.68%
• YTD: 18.36%
• 1Y: 24.90%
• 3Y*: 31.41%
• 5Y*: 13.58%
• 10Y*: —
• ALL TIME*: 25.83%

*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
WUGI AXS Esoterica NextG Economy ETF	$88.65K	$83.08K	$183.40K

SARK vs. WUGI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SARK Tradr Short Innovation Daily ETF	-7.36%	-25.93%	-36.90%	-46.32%	83.35%	24.05%
WUGI AXS Esoterica NextG Economy ETF	18.36%	22.66%	47.14%	61.30%	-49.55%	-7.52%

Correlation

The correlation between SARK and WUGI is -0.70, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.70
Correlation (3Y) Balances recent behavior with more history.	-0.66
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021	-0.74

The correlation between SARK and WUGI has been stable across timeframes, ranging from -0.74 to -0.66 - a consistent structural relationship.

Return for Risk

SARK vs. WUGI — 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

WUGI

WUGI Risk / Return Rank: 31
WUGI Sharpe Ratio Rank: 30
WUGI Sortino Ratio Rank: 30
WUGI Omega Ratio Rank: 30
WUGI Calmar Ratio Rank: 30
WUGI Martin Ratio Rank: 34

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. WUGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr Short Innovation Daily ETF (SARK) and AXS Esoterica NextG Economy ETF (WUGI). 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	WUGI	Difference
Sharpe ratio: Return per unit of total volatility	-0.41	0.80	-1.20
Sortino ratio: Return per unit of downside risk	-0.36	1.26	-1.62
Omega ratio: Gain probability vs. loss probability	0.96	1.16	-0.20
Calmar ratio: Return relative to maximum drawdown	-0.56	1.08	-1.65
Martin ratio: Return relative to average drawdown	-1.00	3.65	-4.65

SARK vs. WUGI - Sharpe Ratio Comparison

The current SARK Sharpe Ratio is -0.41, which is lower than the WUGI Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of SARK and WUGI, 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. WUGI - Drawdown Comparison

The maximum SARK drawdown since its inception was -81.07%, which is greater than WUGI's maximum drawdown of -56.41%. Use the drawdown chart below to compare losses from any high point for SARK and WUGI.

Drawdown Indicators

	SARK	WUGI	Difference
Max Drawdown Largest peak-to-trough decline	-81.07%	-56.41%	-24.66%
Max Drawdown (1Y) Largest decline over 1 year	-26.34%	-23.11%	-3.23%
Max Drawdown (3Y) Largest decline over 3 years	-74.42%	-27.49%	-46.93%
Max Drawdown (5Y) Largest decline over 5 years	—	-56.41%	—
Current Drawdown Current decline from peak	-79.55%	-10.97%	-68.58%
Average Drawdown Average peak-to-trough decline	-47.59%	-16.44%	-31.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.77%	6.84%	+7.93%

Volatility

SARK vs. WUGI - Volatility Comparison

The current volatility for Tradr Short Innovation Daily ETF (SARK) is 11.78%, while AXS Esoterica NextG Economy ETF (WUGI) has a volatility of 15.15%. This indicates that SARK experiences smaller price fluctuations and is considered to be less risky than WUGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SARK	WUGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.78%	15.15%	-3.37%
Volatility (6M) Calculated over the trailing 6-month period	28.06%	28.42%	-0.36%
Volatility (1Y) Calculated over the trailing 1-year period	36.50%	31.51%	+4.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.76%	32.09%	+23.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.76%	31.71%	+24.05%

SARK vs. WUGI - Expense Ratio Comparison

Both SARK and WUGI have an expense ratio of 0.75%.

Dividends

SARK vs. WUGI - Dividend Comparison

SARK's dividend yield for the trailing twelve months is around 3.04%, less than WUGI's 19.29% yield.

Position	TTM	2025	2024	2023	2022
SARK Tradr Short Innovation Daily ETF	3.04%	2.82%	15.49%	12.57%	25.22%
WUGI AXS Esoterica NextG Economy ETF	19.29%	22.83%	4.09%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SARK and WUGI in my portfolio?

SARK and WUGI have a correlation of -0.70, 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 WUGI?

WUGI has higher volatility (15.15%) compared to SARK (11.78%). In terms of maximum drawdown, SARK dropped -81.07% vs WUGI's -56.41%.

Which ETF is better, SARK or WUGI?

On 3-year performance, WUGI leads with 31.41% vs -28.52% for SARK. Both ETFs have the same 0.75% expense ratio. 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 WUGI?

Over the 3-year period, WUGI has performed better with a 31.41% return vs -28.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SARK or WUGI?

SARK and WUGI have the same expense ratio: 0.75% per year.

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

WUGI has the higher dividend yield at 19.29%, compared with 3.04% for SARK.

What is the main difference between SARK and WUGI?

SARK is categorized as Inverse Equities, while WUGI is Large Cap Growth Equities.

Which has better risk-adjusted returns?

WUGI currently has the higher Sharpe Ratio (0.80 vs -0.41), 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.