WEBS vs. SARK
WEBS (Daily Dow Jones Internet Bear 3X Shares) and SARK (Tradr Short Innovation Daily ETF) are both exchange-traded funds - WEBS is a Leveraged Equities fund tracking the Dow Jones Internet Composite Index (300%), while SARK is a Inverse Equities fund actively managed by AXS. WEBS is passively managed, while SARK is actively managed. Over the past 3 years, WEBS returned -49.47%/yr vs -30.74%/yr for SARK. Their correlation of 0.82 suggests significant overlap in exposure. WEBS charges 1.07%/yr vs 0.75%/yr for SARK.
Performance
WEBS vs. SARK - Performance Comparison
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Returns By Period
In the year-to-date period, WEBS achieves a -16.82% return, which is significantly lower than SARK's -6.78% return.
WEBS
- 1D
- 5.89%
- 1M
- -13.46%
- YTD
- -16.82%
- 6M
- -14.14%
- 1Y
- -30.71%
- 3Y*
- -49.47%
- 5Y*
- -36.70%
- 10Y*
- —
SARK
- 1D
- 2.29%
- 1M
- -0.49%
- YTD
- -6.78%
- 6M
- -2.33%
- 1Y
- -33.81%
- 3Y*
- -30.74%
- 5Y*
- —
- 10Y*
- —
WEBS vs. SARK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WEBS Daily Dow Jones Internet Bear 3X Shares | -16.82% | -40.66% | -56.62% | -75.58% | 117.15% | 24.45% |
SARK Tradr Short Innovation Daily ETF | -6.78% | -25.93% | -36.90% | -46.32% | 83.35% | 20.78% |
Correlation
The correlation between WEBS and SARK is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021 | 0.82 |
The correlation between WEBS and SARK shifts across timeframes, from 0.64 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WEBS vs. SARK — Risk / Return Rank
WEBS
SARK
WEBS vs. SARK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bear 3X Shares (WEBS) 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.
| WEBS | SARK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.86 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | -0.83 | +0.26 |
| Martin ratioReturn relative to average drawdown | -1.33 | -1.11 | -0.22 |
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
| WEBS | SARK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.54 | -0.95 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.59 | -0.24 | -0.35 |
Drawdowns
WEBS vs. SARK - Drawdown Comparison
The maximum WEBS drawdown since its inception was -99.63%, which is greater than SARK's maximum drawdown of -81.07%. Use the drawdown chart below to compare losses from any high point for WEBS and SARK.
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Drawdown Indicators
| WEBS | SARK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.63% | -81.07% | -18.56% |
Max Drawdown (1Y)Largest decline over 1 year | -53.54% | -40.75% | -12.79% |
Max Drawdown (3Y)Largest decline over 3 years | -90.33% | -74.42% | -15.91% |
Max Drawdown (5Y)Largest decline over 5 years | -97.09% | — | — |
Current DrawdownCurrent decline from peak | -99.60% | -79.42% | -20.18% |
Average DrawdownAverage peak-to-trough decline | -91.09% | -46.46% | -44.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.19% | 30.47% | -7.28% |
Volatility
WEBS vs. SARK - Volatility Comparison
Daily Dow Jones Internet Bear 3X Shares (WEBS) has a higher volatility of 15.72% compared to Tradr Short Innovation Daily ETF (SARK) at 9.13%. This indicates that WEBS'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
| WEBS | SARK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.72% | 9.13% | +6.59% |
Volatility (6M)Calculated over the trailing 6-month period | 43.46% | 25.05% | +18.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.60% | 35.91% | +21.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.81% | 56.24% | +25.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.84% | 56.24% | +33.60% |
WEBS vs. SARK - Expense Ratio Comparison
WEBS has a 1.07% expense ratio, which is higher than SARK's 0.75% expense ratio.
Dividends
WEBS vs. SARK - Dividend Comparison
WEBS's dividend yield for the trailing twelve months is around 3.92%, more than SARK's 3.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
SARK Tradr Short Innovation Daily ETF | 3.02% | 2.82% | 15.49% | 12.57% | 25.22% | 0.00% | 0.00% | 0.00% |
WEBS Daily Dow Jones Internet Bear 3X Shares | 3.92% | 3.77% | 8.02% | 8.51% | 0.20% | 0.00% | 1.11% | 0.11% |
Frequently Asked Questions
WEBS and SARK have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEBS has higher volatility (15.72%) compared to SARK (9.13%). In terms of maximum drawdown, WEBS dropped -99.63% vs SARK's -81.07%.
On 3-year performance, SARK leads with -30.74% vs -49.47% for WEBS. On fees, SARK is cheaper at 0.75% per year. On volatility, SARK has been the lower-risk option at 9.13%. 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 -30.74% return vs -49.47%. 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 1.07% for WEBS.
WEBS has the higher dividend yield at 3.92%, compared with 3.02% for SARK.
WEBS is categorized as Leveraged Equities, while SARK is Inverse Equities. They also come from different issuers: Direxion and AXS. Their fees differ too: 1.07% for WEBS and 0.75% for SARK.
WEBS currently has the higher Sharpe Ratio (-0.54 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.
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