TARK vs. DBO
TARK (Tradr 2X Long Innovation ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - TARK is a Leveraged Equities fund actively managed by AXS, while DBO is a Oil & Gas fund tracking the DBIQ Optimum Yield Crude Oil Index Excess Return. TARK is actively managed, while DBO is passively managed. Over the past 3 years, TARK returned 1.19%/yr vs 14.86%/yr for DBO. Their 0.03 correlation means their historical movements had little consistent relationship. TARK charges 1.15%/yr vs 0.78%/yr for DBO.
Performance
TARK vs. DBO - Performance Comparison
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Returns By Period
In the year-to-date period, TARK achieves a -24.46% return, which is significantly lower than DBO's 76.48% return.
TARK
- 1D
- -4.73%
- 1M
- -24.19%
- 6M
- -18.59%
- YTD
- -24.46%
- 1Y
- -18.26%
- 3Y*
- 1.19%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -9.86%
DBO
- 1D
- 1.56%
- 1M
- 24.59%
- 6M
- 53.46%
- YTD
- 76.48%
- 1Y
- 60.30%
- 3Y*
- 14.86%
- 5Y*
- 13.46%
- 10Y*
- 12.59%
- ALL TIME*
- 0.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.01M | $10.23M | $13.95M | |
| $604.81K | $641.97K | $710.94K |
TARK vs. DBO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TARK Tradr 2X Long Innovation ETF | -24.46% | 41.00% | -4.85% | 121.37% | -71.31% |
DBO Invesco DB Oil Fund | 76.48% | -11.71% | 7.85% | -4.44% | -13.90% |
Correlation
The correlation between TARK and DBO is -0.19, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.19 |
Correlation (3Y) Balances recent behavior with more history. | -0.04 |
Correlation (All Time) Calculated using the full available price history since May 2, 2022 | 0.03 |
The correlation between TARK and DBO shifts across timeframes, from -0.19 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TARK vs. DBO — Risk / Return Rank
TARK
DBO
TARK vs. DBO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long Innovation ETF (TARK) and Invesco DB Oil Fund (DBO). 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 | DBO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.17 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.25 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 2.01 | -2.49 |
| Martin ratioReturn relative to average drawdown | -0.84 | 6.09 | -6.93 |
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Drawdowns
TARK vs. DBO - Drawdown Comparison
The maximum TARK drawdown since its inception was -77.82%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for TARK and DBO.
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Drawdown Indicators
| TARK | DBO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.82% | -90.18% | +12.36% |
Max Drawdown (1Y)Largest decline over 1 year | -57.57% | -27.73% | -29.84% |
Max Drawdown (3Y)Largest decline over 3 years | -65.55% | -28.20% | -37.35% |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.68% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.69% | — |
Current DrawdownCurrent decline from peak | -50.30% | -53.56% | +3.26% |
Average DrawdownAverage peak-to-trough decline | -50.55% | -62.20% | +11.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.47% | 9.96% | +23.51% |
Volatility
TARK vs. DBO - Volatility Comparison
Tradr 2X Long Innovation ETF (TARK) has a higher volatility of 20.33% compared to Invesco DB Oil Fund (DBO) at 17.75%. This indicates that TARK's price experiences larger fluctuations and is considered to be riskier than DBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TARK | DBO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.33% | 17.75% | +2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 55.18% | 33.77% | +21.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.66% | 38.53% | +34.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.17% | 33.35% | +56.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.17% | 32.20% | +57.97% |
TARK vs. DBO - Expense Ratio Comparison
TARK has a 1.15% expense ratio, which is higher than DBO's 0.78% expense ratio.
Dividends
TARK vs. DBO - Dividend Comparison
TARK's dividend yield for the trailing twelve months is around 39.71%, more than DBO's 1.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBO Invesco DB Oil Fund | 1.99% | 3.51% | 4.68% | 4.59% | 0.66% | 0.00% | 0.00% | 1.63% | 1.58% |
TARK Tradr 2X Long Innovation ETF | 39.71% | 30.00% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TARK and DBO have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TARK has higher volatility (20.33%) compared to DBO (17.75%). In terms of maximum drawdown, TARK dropped -77.82% vs DBO's -90.18%.
On 3-year performance, DBO leads with 14.86% vs 1.19% for TARK. On fees, DBO is cheaper at 0.78% per year. On volatility, DBO has been the lower-risk option at 17.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DBO has performed better with a 14.86% return vs 1.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBO is cheaper with a 0.78% expense ratio, compared with 1.15% for TARK.
TARK has the higher dividend yield at 39.71%, compared with 1.99% for DBO.
TARK is categorized as Leveraged Equities, while DBO is Oil & Gas. They also come from different issuers: AXS and Invesco. Their fees differ too: 1.15% for TARK and 0.78% for DBO.
DBO currently has the higher Sharpe Ratio (1.45 vs -0.39), 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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