TARK vs. NVDG

Last updated Jun 26, 2026

TARK (Tradr 2X Long Innovation ETF) and NVDG (Leverage Shares 2X Long NVDA Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, TARK returned -1.04% vs 26.25% for NVDG. A 0.57 correlation means they provide meaningful diversification when combined. TARK charges 1.15%/yr vs 0.75%/yr for NVDG.

Performance

TARK vs. NVDG - 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 NVDA Daily ETF (NVDG). 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 lower than NVDG's -2.91% return.

TARK

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

NVDG

• 1D: -2.92%
• 1M: -19.09%
• YTD: -2.91%
• 6M: -5.36%
• 1Y: 26.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TARK vs. NVDG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TARK Tradr 2X Long Innovation ETF	-11.39%	41.00%	-14.03%
NVDG Leverage Shares 2X Long NVDA Daily ETF	-2.91%	32.45%	-0.52%

Correlation

The correlation between TARK and NVDG is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024	0.57

The correlation between TARK and NVDG has been stable across timeframes, ranging from 0.49 to 0.57 - a consistent structural relationship.

Return for Risk

TARK vs. NVDG — 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

NVDG

NVDG Risk / Return Rank: 17
NVDG Sharpe Ratio Rank: 15
NVDG Sortino Ratio Rank: 19
NVDG Omega Ratio Rank: 18
NVDG Calmar Ratio Rank: 17
NVDG Martin Ratio Rank: 15

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. NVDG - 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 NVDA Daily ETF (NVDG). 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	NVDG	Difference
Sharpe ratio: Return per unit of total volatility	-0.01	0.38	-0.39
Sortino ratio: Return per unit of downside risk	0.49	1.00	-0.51
Omega ratio: Gain probability vs. loss probability	1.06	1.12	-0.06
Calmar ratio: Return relative to maximum drawdown	-0.02	0.62	-0.64
Martin ratio: Return relative to average drawdown	-0.03	1.33	-1.36

TARK vs. NVDG - Sharpe Ratio Comparison

The current TARK Sharpe Ratio is -0.01, which is lower than the NVDG Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of TARK and NVDG, 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

TARK vs. NVDG - Drawdown Comparison

The maximum TARK drawdown since its inception was -77.82%, which is greater than NVDG's maximum drawdown of -66.19%. Use the drawdown chart below to compare losses from any high point for TARK and NVDG.

Drawdown Indicators

	TARK	NVDG	Difference
Max Drawdown Largest peak-to-trough decline	-77.82%	-66.19%	-11.63%
Max Drawdown (1Y) Largest decline over 1 year	-57.57%	-42.72%	-14.85%
Max Drawdown (3Y) Largest decline over 3 years	-65.55%	—	—
Current Drawdown Current decline from peak	-41.70%	-33.33%	-8.37%
Average Drawdown Average peak-to-trough decline	-50.78%	-23.10%	-27.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.93%	19.80%	+11.13%

Volatility

TARK vs. NVDG - Volatility Comparison

Tradr 2X Long Innovation ETF (TARK) and Leverage Shares 2X Long NVDA Daily ETF (NVDG) have volatilities of 24.84% and 25.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TARK	NVDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.84%	25.96%	-1.12%
Volatility (6M) Calculated over the trailing 6-month period	52.91%	52.33%	+0.58%
Volatility (1Y) Calculated over the trailing 1-year period	71.22%	70.14%	+1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.58%	90.40%	+0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.58%	90.40%	+0.18%

TARK vs. NVDG - Expense Ratio Comparison

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

Dividends

TARK vs. NVDG - Dividend Comparison

TARK's dividend yield for the trailing twelve months is around 33.85%, more than NVDG's 12.17% yield.

Position	TTM	2025	2024
NVDG Leverage Shares 2X Long NVDA Daily ETF	12.17%	11.81%	0.00%
TARK Tradr 2X Long Innovation ETF	33.85%	30.00%	0.59%

Frequently Asked Questions

Can I hold both TARK and NVDG in my portfolio?

TARK and NVDG have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TARK or NVDG?

NVDG has higher volatility (25.96%) compared to TARK (24.84%). In terms of maximum drawdown, TARK dropped -77.82% vs NVDG's -66.19%.

Which ETF is better, TARK or NVDG?

On 1-year performance, NVDG leads with 26.25% vs -1.04% for TARK. On fees, NVDG is cheaper at 0.75% per year. 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, TARK or NVDG?

Over the 1-year period, NVDG has performed better with a 26.25% return vs -1.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TARK or NVDG?

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

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

TARK has the higher dividend yield at 33.85%, compared with 12.17% for NVDG.

What is the main difference between TARK and NVDG?

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

Which has better risk-adjusted returns?

NVDG currently has the higher Sharpe Ratio (0.38 vs -0.01), 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.