SBB vs. SARK
SBB (ProShares Short SmallCap600) and SARK (Tradr Short Innovation Daily ETF) are both Inverse Equities funds. SBB is passively managed, while SARK is actively managed. Over the past 3 years, SBB returned -10.56%/yr vs -31.10%/yr for SARK. A 0.70 correlation means they provide meaningful diversification when combined. SBB charges 0.95%/yr vs 0.75%/yr for SARK.
Performance
SBB vs. SARK - Performance Comparison
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Returns By Period
In the year-to-date period, SBB achieves a -13.39% return, which is significantly lower than SARK's -9.16% return.
SBB
- 1D
- -1.22%
- 1M
- -1.20%
- YTD
- -13.39%
- 6M
- -12.19%
- 1Y
- -22.27%
- 3Y*
- -10.56%
- 5Y*
- -4.83%
- 10Y*
- -11.72%
SARK
- 1D
- -2.55%
- 1M
- -5.04%
- YTD
- -9.16%
- 6M
- -2.48%
- 1Y
- -35.40%
- 3Y*
- -31.10%
- 5Y*
- —
- 10Y*
- —
SBB vs. SARK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SBB ProShares Short SmallCap600 | -13.39% | -3.56% | -3.73% | -10.44% | 13.75% | 3.21% |
SARK Tradr Short Innovation Daily ETF | -9.16% | -25.93% | -36.90% | -46.32% | 83.35% | 20.78% |
Correlation
The correlation between SBB and SARK is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021 | 0.70 |
The correlation between SBB and SARK has been stable across timeframes, ranging from 0.61 to 0.70 - a consistent structural relationship.
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Return for Risk
SBB vs. SARK — Risk / Return Rank
SBB
SARK
SBB vs. SARK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short SmallCap600 (SBB) and Tradr Short Innovation Daily ETF (SARK). 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.
| SBB | SARK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.85 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | -0.87 | -0.11 |
| Martin ratioReturn relative to average drawdown | -1.69 | -1.16 | -0.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SBB | SARK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.25 | -0.99 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.51 | -0.25 | -0.26 |
Drawdowns
SBB vs. SARK - Drawdown Comparison
The maximum SBB drawdown since its inception was -95.75%, which is greater than SARK's maximum drawdown of -81.07%. Use the drawdown chart below to compare losses from any high point for SBB and SARK.
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Drawdown Indicators
| SBB | SARK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.75% | -81.07% | -14.68% |
Max Drawdown (1Y)Largest decline over 1 year | -22.68% | -40.75% | +18.07% |
Max Drawdown (3Y)Largest decline over 3 years | -35.17% | -74.42% | +39.25% |
Max Drawdown (5Y)Largest decline over 5 years | -35.17% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -72.83% | — | — |
Current DrawdownCurrent decline from peak | -95.75% | -79.95% | -15.80% |
Average DrawdownAverage peak-to-trough decline | -74.54% | -46.49% | -28.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.19% | 30.56% | -17.37% |
Volatility
SBB vs. SARK - Volatility Comparison
The current volatility for ProShares Short SmallCap600 (SBB) is 4.55%, while Tradr Short Innovation Daily ETF (SARK) has a volatility of 9.19%. This indicates that SBB experiences smaller price fluctuations and is considered to be less risky than SARK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBB | SARK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 9.19% | -4.64% |
Volatility (6M)Calculated over the trailing 6-month period | 12.02% | 25.16% | -13.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.82% | 35.98% | -18.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.68% | 56.23% | -34.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.26% | 56.23% | -32.97% |
SBB vs. SARK - Expense Ratio Comparison
SBB has a 0.95% expense ratio, which is higher than SARK's 0.75% expense ratio.
Dividends
SBB vs. SARK - Dividend Comparison
SBB's dividend yield for the trailing twelve months is around 3.63%, more than SARK's 3.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SARK Tradr Short Innovation Daily ETF | 3.10% | 2.82% | 15.49% | 12.57% | 25.22% | 0.00% | 0.00% | 0.00% | 0.00% |
SBB ProShares Short SmallCap600 | 3.63% | 3.44% | 4.86% | 4.64% | 0.31% | 0.00% | 0.04% | 1.20% | 0.17% |
Frequently Asked Questions
SBB and SARK 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.
SARK has higher volatility (9.19%) compared to SBB (4.55%). In terms of maximum drawdown, SBB dropped -95.75% vs SARK's -81.07%.
On 3-year performance, SBB leads with -10.56% vs -31.10% for SARK. On fees, SARK is cheaper at 0.75% per year. On volatility, SBB has been the lower-risk option at 4.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SBB has performed better with a -10.56% return vs -31.10%. 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 0.95% for SBB.
SBB has the higher dividend yield at 3.63%, compared with 3.10% for SARK.
They also come from different issuers: ProShares and AXS. Their fees differ too: 0.95% for SBB and 0.75% for SARK.
SARK currently has the higher Sharpe Ratio (-0.99 vs -1.25), 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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