SDOW vs. SARK
SDOW (ProShares UltraPro Short Dow30) and SARK (Tradr Short Innovation Daily ETF) are both exchange-traded funds - SDOW is a Leveraged Equities fund tracking the Dow Jones Industrial Average (-300%), while SARK is a Inverse Equities fund actively managed by AXS. SDOW is passively managed, while SARK is actively managed. Over the past 3 years, SDOW returned -33.02%/yr vs -31.26%/yr for SARK. A 0.60 correlation means they provide meaningful diversification when combined. SDOW charges 0.95%/yr vs 0.75%/yr for SARK.
Performance
SDOW vs. SARK - Performance Comparison
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Returns By Period
In the year-to-date period, SDOW achieves a -18.49% return, which is significantly lower than SARK's -8.86% return.
SDOW
- 1D
- -1.52%
- 1M
- -10.30%
- YTD
- -18.49%
- 6M
- -21.02%
- 1Y
- -42.78%
- 3Y*
- -33.02%
- 5Y*
- -25.27%
- 10Y*
- -38.16%
SARK
- 1D
- 1.58%
- 1M
- -4.44%
- YTD
- -8.86%
- 6M
- -7.57%
- 1Y
- -36.06%
- 3Y*
- -31.26%
- 5Y*
- —
- 10Y*
- —
SDOW vs. SARK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SDOW ProShares UltraPro Short Dow30 | -18.49% | -33.94% | -25.95% | -28.78% | 4.00% | -3.34% |
SARK Tradr Short Innovation Daily ETF | -8.86% | -25.93% | -36.90% | -46.32% | 83.35% | 20.78% |
Correlation
The correlation between SDOW and SARK is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021 | 0.60 |
The correlation between SDOW and SARK has been stable across timeframes, ranging from 0.58 to 0.60 - a consistent structural relationship.
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Return for Risk
SDOW vs. SARK — Risk / Return Rank
SDOW
SARK
SDOW vs. SARK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short Dow30 (SDOW) 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.
| SDOW | SARK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.19 | -1.01 | -0.18 |
Sortino ratioReturn per unit of downside risk | -1.81 | -1.43 | -0.38 |
Omega ratioGain probability vs. loss probability | 0.80 | 0.84 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | -0.99 | -0.91 | -0.08 |
Martin ratioReturn relative to average drawdown | -1.58 | -1.22 | -0.36 |
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
| SDOW | SARK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.19 | -1.01 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.57 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.78 | -0.25 | -0.53 |
Drawdowns
SDOW vs. SARK - Drawdown Comparison
The maximum SDOW drawdown since its inception was -99.96%, which is greater than SARK's maximum drawdown of -81.07%. Use the drawdown chart below to compare losses from any high point for SDOW and SARK.
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Drawdown Indicators
| SDOW | SARK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -81.07% | -18.89% |
Max Drawdown (1Y)Largest decline over 1 year | -43.45% | -40.75% | -2.70% |
Max Drawdown (3Y)Largest decline over 3 years | -74.39% | -74.42% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -82.35% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.26% | — | — |
Current DrawdownCurrent decline from peak | -99.96% | -79.88% | -20.08% |
Average DrawdownAverage peak-to-trough decline | -89.43% | -46.43% | -43.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.35% | 30.38% | -3.03% |
Volatility
SDOW vs. SARK - Volatility Comparison
ProShares UltraPro Short Dow30 (SDOW) and Tradr Short Innovation Daily ETF (SARK) have volatilities of 8.83% and 8.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDOW | SARK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.83% | 8.96% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 27.90% | 25.07% | +2.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.02% | 35.86% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.26% | 56.25% | -11.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.13% | 56.25% | -4.12% |
SDOW vs. SARK - Expense Ratio Comparison
SDOW has a 0.95% expense ratio, which is higher than SARK's 0.75% expense ratio.
Dividends
SDOW vs. SARK - Dividend Comparison
SDOW's dividend yield for the trailing twelve months is around 5.71%, more than SARK's 3.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SARK Tradr Short Innovation Daily ETF | 3.09% | 2.82% | 15.49% | 12.57% | 25.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SDOW ProShares UltraPro Short Dow30 | 5.71% | 5.80% | 8.30% | 5.38% | 0.36% | 0.00% | 0.52% | 2.17% | 1.23% | 0.09% |
Frequently Asked Questions
SDOW and SARK have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SARK has higher volatility (8.96%) compared to SDOW (8.83%). In terms of maximum drawdown, SDOW dropped -99.96% vs SARK's -81.07%.
On 3-year performance, SARK leads with -31.26% vs -33.02% for SDOW. On fees, SARK is cheaper at 0.75% per year. On volatility, SDOW has been the lower-risk option at 8.83%. 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 -31.26% return vs -33.02%. 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 SDOW.
SDOW has the higher dividend yield at 5.71%, compared with 3.09% for SARK.
SDOW is categorized as Leveraged Equities, while SARK is Inverse Equities. They also come from different issuers: ProShares and AXS. Their fees differ too: 0.95% for SDOW and 0.75% for SARK.
SARK currently has the higher Sharpe Ratio (-1.01 vs -1.19), 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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