Tuttle Capital Short Innovation ETF (SARK) Performance
SARK total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −15.2% since Dec 31, 2025
- 1 year
- −5.5% total return
- 3 years
- −35.6% a year
- Since first price
- −14.1% a year since 2021
SARK trailing returns vs SPY, QQQ, AGG
| Period | SARK total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +8.7% | +8.7% | −1.0% | −5.0% | +0.9% |
| 3 months | −12.6% | −12.6% | +3.2% | +1.9% | −0.4% |
| 6 months | −11.7% | −11.7% | +7.8% | +8.4% | −1.5% |
| YTD | −15.2% | −15.2% | +12.3% | +15.1% | −1.0% |
| 1 year | −5.5% | −8.3% | +14.4% | +15.9% | −1.1% |
| 3 years | −73.4%−35.6%/yr | −80.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionNov 9, 2021 | −52.9%−14.1%/yr | −72.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SARK vs SPY
From Nov 9, 2021: SARK grew to $4,710, SPY to $17,385.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SARK returns by calendar year
1 of 4 full years positive. Best 2022 (+83.4%), worst 2023 (−46.3%). 2026 is year to date.
SARK annual returns table
| Year | SARK | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −15.2% | −35.7% | +12.3% | +15.1% | −1.0% |
| 2025 | −25.9% | −59.4% | +17.7% | +20.8% | +7.2% |
| 2024 | −36.9% | −65.6% | +24.9% | +25.6% | +1.3% |
| 2023 | −46.3% | −49.5% | +26.2% | +54.9% | +5.7% |
| 2022 | +83.4% | −39.9% | −18.2% | −32.6% | −13.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SARK largest drawdowns
Now 81.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| May 11, 2022 | −83.4% | Oct 5, 2026 | not yet | 4.4 years | 4.5 years so far |
| Mar 14, 2022 | −28.9% | Mar 29, 2022 | Apr 28, 2022 | 15 days | 45 days |
| Jan 27, 2022 | −15.0% | Feb 9, 2022 | Feb 22, 2022 | 13 days | 26 days |
| Feb 23, 2022 | −14.3% | Feb 28, 2022 | Mar 7, 2022 | 5 days | 12 days |
| Apr 29, 2022 | −10.6% | May 4, 2022 | May 6, 2022 | 5 days | 7 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SARK risk statistics
| Statistic | 3 years | Since 2021 |
|---|---|---|
| Annualized return | −35.3% | −17.8% |
| Volatility (annualized) | 47.2% | 47.2% |
| Sharpe ratio | -0.75 | -0.25 |
| Sortino ratio | -0.89 | -0.33 |
| Best month | +26.2% | +35.8% |
| Worst month | −40.7% | −40.7% |
| Best 12 months | −5.3% | +83.4% |
| Worst 12 months | −60.8% | −60.8% |
| Positive months | 42% | 47% |
| Beta vs S&P 500 | -2.74 | — |
| Correlation with S&P 500 | -0.72 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SARK rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 48 | −60.8% | −24.6% | +83.4% | 12% |
| 3-year (a year) | 24 | −36.9% | −30.8% | −12.8% | 0% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
SARK performance overview
Tuttle Capital Short Innovation ETF (SARK) returned −5.5% over the past year, with distributions reinvested. Since its first recorded price in 2021 it has returned −14.1% a year, turning $10,000 into about $4,710. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −83.4%, from May 11, 2022 to Oct 5, 2026; the fund has not yet regained that high. SARK finished 1 of its 4 full calendar years with a gain; the best year was 2022 (+83.4%) and the worst 2023 (−46.3%). Volatility has been 47.2% a year.
Related: SARK chart, SARK dividends. See the SARK overview for the latest quote and fund facts.
SARK performance FAQ
What is the SARK return over the past year?
SARK returned −5.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 8.3%.
How much would $10,000 invested in SARK be worth?
$10,000 invested in SARK at its first recorded close on November 9, 2021 would be worth about $4,710 on October 23, 2026 with distributions reinvested.
What was the worst year for SARK?
The worst calendar year was 2023, with a total return of −46.3%. The best was 2022 at +83.4%.
What is the biggest drawdown of SARK?
The largest peak-to-trough decline was −83.4% between May 11, 2022 and October 5, 2026. It has not yet recovered to that high; it is 81.3% below its peak.
How volatile is SARK?
Over the past 3 years SARK had an annualized volatility of 47.2% and a Sharpe ratio of -0.75 (excess return over 1–3 month T-bills per unit of risk).