TARK vs. LULG

Last updated Jun 26, 2026

TARK (Tradr 2X Long Innovation ETF) and LULG (Leverage Shares 2X Long LULU Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.37 correlation, their price movements are largely independent. TARK charges 1.15%/yr vs 0.75%/yr for LULG.

Performance

TARK vs. LULG - Performance Comparison

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

Returns By Period

In the year-to-date period, TARK achieves a -11.39% return, which is significantly higher than LULG's -75.54% return.

TARK

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

LULG

• 1D: -1.81%
• 1M: -25.41%
• YTD: -75.54%
• 6M: -76.28%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TARK vs. LULG - Yearly Performance Comparison

	2026 (YTD)	2025
TARK Tradr 2X Long Innovation ETF	-11.39%	-17.38%
LULG Leverage Shares 2X Long LULU Daily ETF	-75.54%	55.59%

Correlation

The correlation between TARK and LULG is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025	0.37

Return for Risk

TARK vs. LULG — Risk / Return Rank

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

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

LULG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. LULG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long Innovation ETF (TARK) and Leverage Shares 2X Long LULU Daily ETF (LULG). 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	LULG	Difference
Sharpe ratio: Return per unit of total volatility	-0.01	—	—
Sortino ratio: Return per unit of downside risk	0.49	—	—
Omega ratio: Gain probability vs. loss probability	1.06	—	—
Calmar ratio: Return relative to maximum drawdown	-0.02	—	—
Martin ratio: Return relative to average drawdown	-0.03	—	—

Drawdowns

TARK vs. LULG - Drawdown Comparison

The maximum TARK drawdown since its inception was -77.82%, roughly equal to the maximum LULG drawdown of -79.88%. Use the drawdown chart below to compare losses from any high point for TARK and LULG.

Drawdown Indicators

	TARK	LULG	Difference
Max Drawdown Largest peak-to-trough decline	-77.82%	-79.88%	+2.06%
Max Drawdown (1Y) Largest decline over 1 year	-57.57%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-65.55%	—	—
Current Drawdown Current decline from peak	-41.70%	-77.35%	+35.65%
Average Drawdown Average peak-to-trough decline	-50.78%	-37.21%	-13.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.93%	—	—

Volatility

Volatility by Period

	TARK	LULG	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	52.91%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	71.22%	88.29%	-17.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.58%	88.29%	+2.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.58%	88.29%	+2.29%

TARK vs. LULG - Expense Ratio Comparison

TARK has a 1.15% expense ratio, which is higher than LULG's 0.75% expense ratio.

Dividends

TARK vs. LULG - Dividend Comparison

TARK's dividend yield for the trailing twelve months is around 33.85%, while LULG has not paid dividends to shareholders.

Position	TTM	2025	2024
LULG Leverage Shares 2X Long LULU Daily ETF	0.00%	0.00%	0.00%
TARK Tradr 2X Long Innovation ETF	33.85%	30.00%	0.59%

Frequently Asked Questions

Can I hold both TARK and LULG in my portfolio?

TARK and LULG have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TARK or LULG?

On fees, LULG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TARK or LULG?

LULG is cheaper with a 0.75% expense ratio, compared with 1.15% for TARK.

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

TARK has the higher dividend yield at 33.85%, compared with 0.00% for LULG.

What is the main difference between TARK and LULG?

They also come from different issuers: AXS and Leverage Shares. Their fees differ too: 1.15% for TARK and 0.75% for LULG.