PTIR vs. TARK

Last updated Jun 26, 2026

PTIR (GraniteShares 2x Long PLTR Daily ETF) and TARK (Tradr 2X Long Innovation ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, PTIR returned -61.24% vs -1.04% for TARK. A 0.62 correlation means they provide meaningful diversification when combined. Both charge a 1.15% expense ratio.

Performance

PTIR vs. TARK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long PLTR Daily ETF (PTIR) and Tradr 2X Long Innovation ETF (TARK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTIR achieves a -70.11% return, which is significantly lower than TARK's -11.39% return.

PTIR

• 1D: -10.83%
• 1M: -41.16%
• YTD: -70.11%
• 6M: -75.03%
• 1Y: -61.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TARK

• 1D: -0.56%
• 1M: -3.75%
• YTD: -11.39%
• 6M: -19.01%
• 1Y: -1.04%
• 3Y*: 18.16%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PTIR vs. TARK - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PTIR GraniteShares 2x Long PLTR Daily ETF	-70.11%	221.36%	425.36%
TARK Tradr 2X Long Innovation ETF	-11.39%	41.00%	62.67%

Correlation

The correlation between PTIR and TARK is 0.59, 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	0.59
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024	0.62

The correlation between PTIR and TARK has been stable across timeframes, ranging from 0.59 to 0.62 - a consistent structural relationship.

Return for Risk

PTIR vs. TARK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PTIR

PTIR Risk / Return Rank: 4
PTIR Sharpe Ratio Rank: 5
PTIR Sortino Ratio Rank: 5
PTIR Omega Ratio Rank: 5
PTIR Calmar Ratio Rank: 3
PTIR Martin Ratio Rank: 2

TARK

TARK Risk / Return Rank: 10
TARK Sharpe Ratio Rank: 9
TARK Sortino Ratio Rank: 12
TARK Omega Ratio Rank: 11
TARK Calmar Ratio Rank: 9
TARK Martin Ratio Rank: 9

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PTIR vs. TARK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long PLTR Daily ETF (PTIR) and Tradr 2X Long Innovation ETF (TARK). 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.

	PTIR	TARK	Difference
Sharpe ratio: Return per unit of total volatility	-0.59	-0.01	-0.58
Sortino ratio: Return per unit of downside risk	-0.52	0.49	-1.01
Omega ratio: Gain probability vs. loss probability	0.94	1.06	-0.12
Calmar ratio: Return relative to maximum drawdown	-0.77	-0.02	-0.76
Martin ratio: Return relative to average drawdown	-1.42	-0.03	-1.39

PTIR vs. TARK - Sharpe Ratio Comparison

The current PTIR Sharpe Ratio is -0.59, which is lower than the TARK Sharpe Ratio of -0.01. The chart below compares the historical Sharpe Ratios of PTIR and TARK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PTIR vs. TARK - Drawdown Comparison

The maximum PTIR drawdown since its inception was -79.40%, roughly equal to the maximum TARK drawdown of -77.82%. Use the drawdown chart below to compare losses from any high point for PTIR and TARK.

Drawdown Indicators

	PTIR	TARK	Difference
Max Drawdown Largest peak-to-trough decline	-79.40%	-77.82%	-1.58%
Max Drawdown (1Y) Largest decline over 1 year	-79.40%	-57.57%	-21.83%
Max Drawdown (3Y) Largest decline over 3 years	—	-65.55%	—
Current Drawdown Current decline from peak	-79.40%	-41.70%	-37.70%
Average Drawdown Average peak-to-trough decline	-28.82%	-50.78%	+21.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.08%	30.93%	+12.15%

Volatility

PTIR vs. TARK - Volatility Comparison

GraniteShares 2x Long PLTR Daily ETF (PTIR) has a higher volatility of 39.22% compared to Tradr 2X Long Innovation ETF (TARK) at 24.84%. This indicates that PTIR's price experiences larger fluctuations and is considered to be riskier than TARK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTIR	TARK	Difference
Volatility (1M) Calculated over the trailing 1-month period	39.22%	24.84%	+14.38%
Volatility (6M) Calculated over the trailing 6-month period	78.07%	52.91%	+25.16%
Volatility (1Y) Calculated over the trailing 1-year period	103.20%	71.22%	+31.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	128.88%	90.58%	+38.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	128.88%	90.58%	+38.30%

PTIR vs. TARK - Expense Ratio Comparison

Both PTIR and TARK have an expense ratio of 1.15%.

Dividends

PTIR vs. TARK - Dividend Comparison

PTIR's dividend yield for the trailing twelve months is around 19.44%, less than TARK's 33.85% yield.

Position	TTM	2025	2024
PTIR GraniteShares 2x Long PLTR Daily ETF	19.44%	5.81%	0.00%
TARK Tradr 2X Long Innovation ETF	33.85%	30.00%	0.59%

Frequently Asked Questions

Can I hold both PTIR and TARK in my portfolio?

PTIR and TARK have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTIR or TARK?

PTIR has higher volatility (39.22%) compared to TARK (24.84%). In terms of maximum drawdown, PTIR dropped -79.40% vs TARK's -77.82%.

Which ETF is better, PTIR or TARK?

On 1-year performance, TARK leads with -1.04% vs -61.24% for PTIR. Both ETFs have the same 1.15% expense ratio. On volatility, TARK has been the lower-risk option at 24.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTIR or TARK?

Over the 1-year period, TARK has performed better with a -1.04% return vs -61.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTIR or TARK?

PTIR and TARK have the same expense ratio: 1.15% per year.

Which ETF pays a higher dividend yield, PTIR or TARK?

TARK has the higher dividend yield at 33.85%, compared with 19.44% for PTIR.

What is the main difference between PTIR and TARK?

They also come from different issuers: GraniteShares and AXS.

Which has better risk-adjusted returns?

TARK currently has the higher Sharpe Ratio (-0.01 vs -0.59), 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.