SH vs. SARK
Compare and contrast key facts about ProShares Short S&P500 (SH) and Tradr Short Innovation Daily ETF (SARK).
SH and SARK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SH is a passively managed fund by ProShares that tracks the performance of the S&P 500 (-100%). It was launched on Jun 19, 2006. SARK is an actively managed fund by AXS. It was launched on Nov 5, 2021.
Performance
SH vs. SARK - Performance Comparison
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SH vs. SARK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SH ProShares Short S&P500 | 4.94% | -11.35% | -13.52% | -14.80% | 18.98% | -2.37% |
SARK Tradr Short Innovation Daily ETF | 8.23% | -25.93% | -36.90% | -46.32% | 83.35% | 20.78% |
Returns By Period
In the year-to-date period, SH achieves a 4.94% return, which is significantly lower than SARK's 8.23% return.
SH
- 1D
- -0.79%
- 1M
- 4.70%
- YTD
- 4.94%
- 6M
- 4.06%
- 1Y
- -11.88%
- 3Y*
- -10.10%
- 5Y*
- -7.71%
- 10Y*
- -11.91%
SARK
- 1D
- -1.21%
- 1M
- 6.96%
- YTD
- 8.23%
- 6M
- 18.23%
- 1Y
- -34.20%
- 3Y*
- -28.25%
- 5Y*
- —
- 10Y*
- —
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SH vs. SARK - Expense Ratio Comparison
SH has a 0.90% expense ratio, which is higher than SARK's 0.75% expense ratio.
Return for Risk
SH vs. SARK — Risk / Return Rank
SH
SARK
SH vs. SARK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short S&P500 (SH) 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.
| SH | SARK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.66 | -0.74 | +0.09 |
Sortino ratioReturn per unit of downside risk | -0.82 | -0.95 | +0.13 |
Omega ratioGain probability vs. loss probability | 0.88 | 0.89 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | -0.46 | -0.59 | +0.13 |
Martin ratioReturn relative to average drawdown | -0.56 | -0.73 | +0.17 |
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
| SH | SARK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.66 | -0.74 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.46 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.56 | -0.19 | -0.37 |
Correlation
The correlation between SH and SARK is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SH vs. SARK - Dividend Comparison
SH's dividend yield for the trailing twelve months is around 3.95%, more than SARK's 2.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SH ProShares Short S&P500 | 3.95% | 4.49% | 6.20% | 5.37% | 1.08% | 0.00% | 0.16% | 1.76% | 1.01% | 0.06% |
SARK Tradr Short Innovation Daily ETF | 2.60% | 2.82% | 15.49% | 12.57% | 25.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SH vs. SARK - Drawdown Comparison
The maximum SH drawdown since its inception was -94.26%, which is greater than SARK's maximum drawdown of -81.07%. Use the drawdown chart below to compare losses from any high point for SH and SARK.
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Drawdown Indicators
| SH | SARK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.26% | -81.07% | -13.19% |
Max Drawdown (1Y)Largest decline over 1 year | -26.61% | -59.44% | +32.83% |
Max Drawdown (5Y)Largest decline over 5 years | -40.35% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -74.31% | — | — |
Current DrawdownCurrent decline from peak | -93.87% | -76.11% | -17.76% |
Average DrawdownAverage peak-to-trough decline | -67.50% | -45.20% | -22.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.86% | 47.97% | -26.11% |
Volatility
SH vs. SARK - Volatility Comparison
The current volatility for ProShares Short S&P500 (SH) is 5.36%, while Tradr Short Innovation Daily ETF (SARK) has a volatility of 12.41%. This indicates that SH 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
| SH | SARK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.36% | 12.41% | -7.05% |
Volatility (6M)Calculated over the trailing 6-month period | 9.45% | 27.16% | -17.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.18% | 46.26% | -28.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.86% | 56.94% | -40.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 56.94% | -38.95% |