TECS vs. SARK
TECS (Direxion Daily Technology Bear 3X Shares) and SARK (Tradr Short Innovation Daily ETF) are both Inverse Equities funds. TECS is passively managed, while SARK is actively managed. Over the past 3 years, TECS returned -59.51%/yr vs -24.59%/yr for SARK. Their 0.70 correlation means they have sometimes moved together and sometimes differently. TECS charges 1.01%/yr vs 0.75%/yr for SARK.
Performance
TECS vs. SARK - Performance Comparison
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Returns By Period
In the year-to-date period, TECS achieves a -55.78% return, which is significantly lower than SARK's 0.17% return.
TECS
- 1D
- 0.41%
- 1M
- 4.74%
- 6M
- -55.63%
- YTD
- -55.78%
- 1Y
- -69.62%
- 3Y*
- -59.51%
- 5Y*
- -54.69%
- 10Y*
- -60.95%
- ALL TIME*
- -57.85%
SARK
- 1D
- 2.38%
- 1M
- 13.13%
- 6M
- -1.40%
- YTD
- 0.17%
- 1Y
- -10.99%
- 3Y*
- -24.59%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -11.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.94M | $4.74M | $6.45M | |
| $26.82M | $44.05M | $62.80M |
TECS vs. SARK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TECS Direxion Daily Technology Bear 3X Shares | -55.78% | -62.44% | -49.76% | -74.45% | 45.05% | -15.19% |
SARK Tradr Short Innovation Daily ETF | 0.17% | -25.93% | -36.90% | -46.32% | 83.35% | 24.05% |
Correlation
The correlation between TECS and SARK is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | 0.70 |
The correlation between TECS and SARK has been stable across timeframes, ranging from 0.67 to 0.70 - a consistent structural relationship.
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Return for Risk
TECS vs. SARK — Risk / Return Rank
TECS
SARK
TECS vs. SARK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bear 3X Shares (TECS) 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.
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.
| TECS | SARK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.00 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | -0.23 | -0.67 |
| Martin ratioReturn relative to average drawdown | -1.58 | -0.38 | -1.20 |
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Drawdowns
TECS vs. SARK - Drawdown Comparison
The maximum TECS drawdown since its inception was -100.00%, which is greater than SARK's maximum drawdown of -81.07%. Use the drawdown chart below to compare losses from any high point for TECS and SARK.
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Drawdown Indicators
| TECS | SARK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -81.07% | -18.93% |
Max Drawdown (1Y)Largest decline over 1 year | -76.16% | -26.34% | -49.82% |
Max Drawdown (3Y)Largest decline over 3 years | -96.22% | -74.42% | -21.80% |
Max Drawdown (5Y)Largest decline over 5 years | -98.82% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -77.89% | -22.11% |
Average DrawdownAverage peak-to-trough decline | -96.78% | -47.53% | -49.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.80% | 15.44% | +27.36% |
Volatility
TECS vs. SARK - Volatility Comparison
Direxion Daily Technology Bear 3X Shares (TECS) has a higher volatility of 29.88% compared to Tradr Short Innovation Daily ETF (SARK) at 10.43%. This indicates that TECS's price experiences larger fluctuations and is considered to be riskier 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
| TECS | SARK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.88% | 10.43% | +19.45% |
Volatility (6M)Calculated over the trailing 6-month period | 65.87% | 27.70% | +38.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 76.74% | 36.55% | +40.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 76.85% | 55.75% | +21.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.44% | 55.75% | +17.69% |
TECS vs. SARK - Expense Ratio Comparison
TECS has a 1.01% expense ratio, which is higher than SARK's 0.75% expense ratio.
Dividends
TECS vs. SARK - Dividend Comparison
TECS's dividend yield for the trailing twelve months is around 7.33%, more than SARK's 2.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SARK Tradr Short Innovation Daily ETF | 2.81% | 2.82% | 15.49% | 12.57% | 25.22% | 0.00% | 0.00% | 0.00% | 0.00% |
TECS Direxion Daily Technology Bear 3X Shares | 7.33% | 5.83% | 5.24% | 7.52% | 0.00% | 0.00% | 1.50% | 2.40% | 0.72% |
Frequently Asked Questions
TECS and SARK 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.
TECS has higher volatility (29.88%) compared to SARK (10.43%). In terms of maximum drawdown, TECS dropped -100.00% vs SARK's -81.07%.
On 3-year performance, SARK leads with -24.59% vs -59.51% for TECS. On fees, SARK is cheaper at 0.75% per year. On volatility, SARK has been the lower-risk option at 10.43%. 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 -24.59% return vs -59.51%. 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 1.01% for TECS.
TECS has the higher dividend yield at 7.33%, compared with 2.81% for SARK.
They also come from different issuers: Direxion and AXS. Their fees differ too: 1.01% for TECS and 0.75% for SARK.
SARK currently has the higher Sharpe Ratio (-0.16 vs -0.88), 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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