TARK vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Tradr 2X Long Innovation ETF (TARK) and S&P 500 Index (^GSPC).

TARK is an actively managed fund by AXS. It was launched on Apr 28, 2022.

Performance

TARK vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long Innovation ETF (TARK) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

TARK vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TARK Tradr 2X Long Innovation ETF	-25.67%	41.00%	-4.85%	121.37%	-73.35%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-7.60%

Returns By Period

In the year-to-date period, TARK achieves a -25.67% return, which is significantly lower than ^GSPC's -3.95% return.

TARK

• 1D: 2.39%
• 1M: -16.90%
• YTD: -25.67%
• 6M: -44.98%
• 1Y: 59.91%
• 3Y*: 12.64%
• 5Y*: —
• 10Y*: —

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

TARK vs. ^GSPC — Risk / Return Rank

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

TARK

TARK Risk / Return Rank: 40
TARK Sharpe Ratio Rank: 36
TARK Sortino Ratio Rank: 56
TARK Omega Ratio Rank: 44
TARK Calmar Ratio Rank: 38
TARK Martin Ratio Rank: 28

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

TARK vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long Innovation ETF (TARK) and S&P 500 Index (^GSPC). 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.

	TARK	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	0.71	0.92	-0.20
Sortino ratio Return per unit of downside risk	1.51	1.41	+0.10
Omega ratio Gain probability vs. loss probability	1.18	1.21	-0.04
Calmar ratio Return relative to maximum drawdown	1.05	1.41	-0.36
Martin ratio Return relative to average drawdown	2.46	6.61	-4.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TARK vs. ^GSPC - Sharpe Ratio Comparison

The current TARK Sharpe Ratio is 0.71, which is comparable to the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of TARK and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TARK	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.71	0.92	-0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.14	0.46	-0.60

Correlation

The correlation between TARK and ^GSPC 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.

Drawdowns

TARK vs. ^GSPC - Drawdown Comparison

The maximum TARK drawdown since its inception was -77.82%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for TARK and ^GSPC.

Drawdown Indicators

	TARK	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-77.82%	-56.78%	-21.04%
Max Drawdown (1Y) Largest decline over 1 year	-57.57%	-12.14%	-45.43%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-51.09%	-5.78%	-45.31%
Average Drawdown Average peak-to-trough decline	-51.46%	-10.75%	-40.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.59%	2.60%	+21.99%

Volatility

TARK vs. ^GSPC - Volatility Comparison

Tradr 2X Long Innovation ETF (TARK) has a higher volatility of 25.17% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that TARK's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TARK	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.17%	5.37%	+19.80%
Volatility (6M) Calculated over the trailing 6-month period	54.69%	9.55%	+45.14%
Volatility (1Y) Calculated over the trailing 1-year period	84.33%	18.33%	+66.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	91.51%	16.90%	+74.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.51%	18.05%	+73.46%