TARK vs. ^GSPC
TARK (Tradr 2X Long Innovation ETF) is Leveraged Equities fund actively managed by AXS, while ^GSPC (S&P 500 Index) is an index. Over the past 3 years, TARK returned 9.51%/yr vs 19.28%/yr for ^GSPC. Their 0.74 correlation means they have sometimes moved together and sometimes differently.
Performance
TARK vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, TARK achieves a -19.75% return, which is significantly lower than ^GSPC's 11.03% return.
TARK
- 1D
- 6.24%
- 1M
- -19.46%
- 6M
- -12.47%
- YTD
- -19.75%
- 1Y
- -13.16%
- 3Y*
- 9.51%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -8.55%
^GSPC
- 1D
- 1.48%
- 1M
- 1.57%
- 6M
- 8.95%
- YTD
- 11.03%
- 1Y
- 21.84%
- 3Y*
- 19.28%
- 5Y*
- 11.54%
- 10Y*
- 13.29%
- ALL TIME*
- 8.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^GSPC S&P 500 Index | $38.00T | $37.50T | $41.55T |
| $641.51K | $642.89K | $719.11K |
TARK vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TARK Tradr 2X Long Innovation ETF | -19.75% | 41.00% | -4.85% | 121.37% | -71.31% |
^GSPC S&P 500 Index | 11.03% | 16.39% | 23.31% | 24.23% | -7.08% |
Correlation
The correlation between TARK and ^GSPC is 0.77, 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. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (All Time) Calculated using the full available price history since May 2, 2022 | 0.74 |
The correlation between TARK and ^GSPC has been stable across timeframes, ranging from 0.74 to 0.77 - a consistent structural relationship.
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Return for Risk
TARK vs. ^GSPC — Risk / Return Rank
TARK
^GSPC
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.
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.
| TARK | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.31 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 2.41 | -2.64 |
| Martin ratioReturn relative to average drawdown | -0.39 | 10.22 | -10.61 |
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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.
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Drawdown Indicators
| TARK | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.82% | -56.78% | -21.04% |
Max Drawdown (1Y)Largest decline over 1 year | -57.57% | -9.10% | -48.47% |
Max Drawdown (3Y)Largest decline over 3 years | -65.55% | -18.90% | -46.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -47.20% | -0.12% | -47.08% |
Average DrawdownAverage peak-to-trough decline | -50.54% | -10.70% | -39.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.59% | 2.14% | +31.45% |
Volatility
TARK vs. ^GSPC - Volatility Comparison
Tradr 2X Long Innovation ETF (TARK) has a higher volatility of 21.64% compared to S&P 500 Index (^GSPC) at 3.80%. 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.
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Volatility by Period
| TARK | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.64% | 3.80% | +17.84% |
Volatility (6M)Calculated over the trailing 6-month period | 55.01% | 10.20% | +44.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.09% | 12.86% | +59.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.17% | 17.02% | +73.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.17% | 18.08% | +72.09% |
Frequently Asked Questions
TARK and ^GSPC have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TARK has higher volatility (21.64%) compared to ^GSPC (3.80%). In terms of maximum drawdown, TARK dropped -77.82% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.71 vs -0.18), 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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