TARK vs. QBTX

Last updated Aug 2, 2026

TARK (Tradr 2X Long Innovation ETF) and QBTX (Tradr 2X Long QBTS Daily ETF) are both Leveraged Equities funds from AXS. Both are actively managed. Over the past year, TARK returned -18.26% vs -67.82% for QBTX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. TARK charges 1.15%/yr vs 1.30%/yr for QBTX.

Performance

TARK vs. QBTX - Performance Comparison

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

Returns By Period

In the year-to-date period, TARK achieves a -24.46% return, which is significantly higher than QBTX's -76.90% 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%

QBTX

• 1D: 1.33%
• 1M: -42.34%
• 6M: -62.38%
• YTD: -76.90%
• 1Y: -67.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 1.15%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QBTX Tradr 2X Long QBTS Daily ETF	$17.57M	$16.05M	$40.46M
TARK Tradr 2X Long Innovation ETF	$604.81K	$641.97K	$710.94K

TARK vs. QBTX - Yearly Performance Comparison

	2026 (YTD)	2025
TARK Tradr 2X Long Innovation ETF	-24.46%	106.81%
QBTX Tradr 2X Long QBTS Daily ETF	-76.90%	339.28%

Correlation

The correlation between TARK and QBTX is 0.66, 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.	0.66
Correlation (All Time) Calculated using the full available price history since Apr 25, 2025	0.61

The correlation between TARK and QBTX has been stable across timeframes, ranging from 0.61 to 0.66 - a consistent structural relationship.

Return for Risk

TARK vs. QBTX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TARK

TARK Risk / Return Rank: 7
TARK Sharpe Ratio Rank: 6
TARK Sortino Ratio Rank: 8
TARK Omega Ratio Rank: 8
TARK Calmar Ratio Rank: 5
TARK Martin Ratio Rank: 5

QBTX

QBTX Risk / Return Rank: 11
QBTX Sharpe Ratio Rank: 7
QBTX Sortino Ratio Rank: 22
QBTX Omega Ratio Rank: 19
QBTX Calmar Ratio Rank: 3
QBTX Martin Ratio Rank: 5

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TARK vs. QBTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long Innovation ETF (TARK) and Tradr 2X Long QBTS Daily ETF (QBTX). 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	QBTX	Difference
Sharpe ratio: Return per unit of total volatility	-0.39	-0.32	-0.06
Sortino ratio: Return per unit of downside risk	-0.12	0.77	-0.89
Omega ratio: Gain probability vs. loss probability	0.99	1.08	-0.10
Calmar ratio: Return relative to maximum drawdown	-0.49	-0.74	+0.26
Martin ratio: Return relative to average drawdown	-0.84	-0.95	+0.11

TARK vs. QBTX - Sharpe Ratio Comparison

The current TARK Sharpe Ratio is -0.39, which is comparable to the QBTX Sharpe Ratio of -0.32. The chart below compares the historical Sharpe Ratios of TARK and QBTX, 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. QBTX - Drawdown Comparison

The maximum TARK drawdown since its inception was -77.82%, smaller than the maximum QBTX drawdown of -95.48%. Use the drawdown chart below to compare losses from any high point for TARK and QBTX.

Drawdown Indicators

	TARK	QBTX	Difference
Max Drawdown Largest peak-to-trough decline	-77.82%	-95.48%	+17.66%
Max Drawdown (1Y) Largest decline over 1 year	-57.57%	-95.48%	+37.91%
Max Drawdown (3Y) Largest decline over 3 years	-65.55%	—	—
Current Drawdown Current decline from peak	-50.30%	-94.67%	+44.37%
Average Drawdown Average peak-to-trough decline	-50.55%	-60.34%	+9.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.47%	74.79%	-41.32%

Volatility

TARK vs. QBTX - Volatility Comparison

The current volatility for Tradr 2X Long Innovation ETF (TARK) is 20.33%, while Tradr 2X Long QBTS Daily ETF (QBTX) has a volatility of 57.40%. This indicates that TARK experiences smaller price fluctuations and is considered to be less risky than QBTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TARK	QBTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.33%	57.40%	-37.07%
Volatility (6M) Calculated over the trailing 6-month period	55.18%	149.53%	-94.35%
Volatility (1Y) Calculated over the trailing 1-year period	72.66%	219.66%	-147.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.17%	237.92%	-147.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.17%	237.92%	-147.75%

TARK vs. QBTX - Expense Ratio Comparison

TARK has a 1.15% expense ratio, which is lower than QBTX's 1.30% expense ratio.

Dividends

TARK vs. QBTX - Dividend Comparison

TARK's dividend yield for the trailing twelve months is around 39.71%, less than QBTX's 57.13% yield.

Position	TTM	2025	2024
QBTX Tradr 2X Long QBTS Daily ETF	57.13%	13.20%	0.00%
TARK Tradr 2X Long Innovation ETF	39.71%	30.00%	0.59%

Frequently Asked Questions

Can I hold both TARK and QBTX in my portfolio?

TARK and QBTX have a correlation of 0.66, 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 QBTX?

QBTX has higher volatility (57.40%) compared to TARK (20.33%). In terms of maximum drawdown, TARK dropped -77.82% vs QBTX's -95.48%.

Which ETF is better, TARK or QBTX?

On 1-year performance, TARK leads with -18.26% vs -67.82% for QBTX. On fees, TARK is cheaper at 1.15% per year. On volatility, TARK has been the lower-risk option at 20.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TARK or QBTX?

Over the 1-year period, TARK has performed better with a -18.26% return vs -67.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TARK or QBTX?

TARK is cheaper with a 1.15% expense ratio, compared with 1.30% for QBTX.

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

QBTX has the higher dividend yield at 57.13%, compared with 39.71% for TARK.

What is the main difference between TARK and QBTX?

Their fees differ too: 1.15% for TARK and 1.30% for QBTX.

Which has better risk-adjusted returns?

QBTX currently has the higher Sharpe Ratio (-0.32 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.