SEF vs. SARK
SEF (ProShares Short Financials) and SARK (Tradr Short Innovation Daily ETF) are both Inverse Equities funds. SEF is passively managed, while SARK is actively managed. Over the past 3 years, SEF returned -10.34%/yr vs -30.74%/yr for SARK. A 0.54 correlation means they provide meaningful diversification when combined. SEF charges 0.95%/yr vs 0.75%/yr for SARK.
Performance
SEF vs. SARK - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SEF achieves a 8.89% return, which is significantly higher than SARK's -6.78% return.
SEF
- 1D
- 1.10%
- 1M
- 1.81%
- YTD
- 8.89%
- 6M
- 6.43%
- 1Y
- 3.73%
- 3Y*
- -10.34%
- 5Y*
- -5.21%
- 10Y*
- -11.50%
SARK
- 1D
- 2.29%
- 1M
- -0.49%
- YTD
- -6.78%
- 6M
- -2.33%
- 1Y
- -33.81%
- 3Y*
- -30.74%
- 5Y*
- —
- 10Y*
- —
SEF vs. SARK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SEF ProShares Short Financials | 8.89% | -9.82% | -17.81% | -8.81% | 11.85% | -0.64% |
SARK Tradr Short Innovation Daily ETF | -6.78% | -25.93% | -36.90% | -46.32% | 83.35% | 20.78% |
Correlation
The correlation between SEF and SARK is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021 | 0.54 |
The correlation between SEF and SARK has been stable across timeframes, ranging from 0.46 to 0.54 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SEF vs. SARK — Risk / Return Rank
SEF
SARK
SEF vs. SARK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short Financials (SEF) 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.
| SEF | SARK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.86 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | -0.83 | +1.22 |
| Martin ratioReturn relative to average drawdown | 0.73 | -1.11 | +1.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SEF | SARK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | -0.95 | +1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.29 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.49 | -0.24 | -0.25 |
Drawdowns
SEF vs. SARK - Drawdown Comparison
The maximum SEF drawdown since its inception was -96.51%, which is greater than SARK's maximum drawdown of -81.07%. Use the drawdown chart below to compare losses from any high point for SEF and SARK.
Loading charts...
Drawdown Indicators
| SEF | SARK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.51% | -81.07% | -15.44% |
Max Drawdown (1Y)Largest decline over 1 year | -9.72% | -40.75% | +31.03% |
Max Drawdown (3Y)Largest decline over 3 years | -39.40% | -74.42% | +35.02% |
Max Drawdown (5Y)Largest decline over 5 years | -41.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -75.66% | — | — |
Current DrawdownCurrent decline from peak | -96.09% | -79.42% | -16.67% |
Average DrawdownAverage peak-to-trough decline | -82.72% | -46.46% | -36.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.14% | 30.47% | -25.33% |
Volatility
SEF vs. SARK - Volatility Comparison
The current volatility for ProShares Short Financials (SEF) is 3.01%, while Tradr Short Innovation Daily ETF (SARK) has a volatility of 9.13%. This indicates that SEF 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.
Loading charts...
Volatility by Period
| SEF | SARK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.01% | 9.13% | -6.12% |
Volatility (6M)Calculated over the trailing 6-month period | 10.85% | 25.05% | -14.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.34% | 35.91% | -21.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.96% | 56.24% | -38.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.52% | 56.24% | -35.72% |
SEF vs. SARK - Expense Ratio Comparison
SEF has a 0.95% expense ratio, which is higher than SARK's 0.75% expense ratio.
Dividends
SEF vs. SARK - Dividend Comparison
SEF's dividend yield for the trailing twelve months is around 3.35%, more than SARK's 3.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SARK Tradr Short Innovation Daily ETF | 3.02% | 2.82% | 15.49% | 12.57% | 25.22% | 0.00% | 0.00% | 0.00% | 0.00% |
SEF ProShares Short Financials | 3.35% | 4.33% | 5.72% | 4.43% | 0.39% | 0.00% | 0.12% | 1.25% | 0.41% |
Frequently Asked Questions
SEF and SARK have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SARK has higher volatility (9.13%) compared to SEF (3.01%). In terms of maximum drawdown, SEF dropped -96.51% vs SARK's -81.07%.
On 3-year performance, SEF leads with -10.34% vs -30.74% for SARK. On fees, SARK is cheaper at 0.75% per year. On volatility, SEF has been the lower-risk option at 3.01%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SEF has performed better with a -10.34% return vs -30.74%. 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 SEF.
SEF has the higher dividend yield at 3.35%, compared with 3.02% for SARK.
They also come from different issuers: ProShares and AXS. Their fees differ too: 0.95% for SEF and 0.75% for SARK.
SEF currently has the higher Sharpe Ratio (0.26 vs -0.94), 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.
Find the right allocation for SEF and SARK
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer