TARK vs. SARK

Last updated Jul 14, 2026

TARK (Tradr 2X Long Innovation ETF) and SARK (Tradr Short Innovation Daily ETF) are both exchange-traded funds - TARK is a Leveraged Equities fund actively managed by AXS, while SARK is a Inverse Equities fund actively managed by AXS. Both are actively managed. Over the past 3 years, TARK returned 8.87%/yr vs -27.37%/yr for SARK. At a correlation of -0.99, they often move in opposite directions. TARK charges 1.15%/yr vs 0.75%/yr for SARK.

Performance

TARK vs. SARK - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with TARK having a -8.01% return and SARK slightly lower at -8.35%.

TARK

• 1D: -5.15%
• 1M: 5.19%
• 6M: -19.36%
• YTD: -8.01%
• 1Y: -4.62%
• 3Y*: 8.87%
• 5Y*: —
• 10Y*: —

SARK

• 1D: 2.42%
• 1M: -4.13%
• 6M: -1.28%
• YTD: -8.35%
• 1Y: -17.72%
• 3Y*: -27.37%
• 5Y*: —
• 10Y*: —

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

TARK vs. SARK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TARK Tradr 2X Long Innovation ETF	-8.01%	41.00%	-4.85%	121.37%	-71.31%
SARK Tradr Short Innovation Daily ETF	-8.35%	-25.93%	-36.90%	-46.32%	8.44%

Correlation

The correlation between TARK and SARK is -1.00, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-1.00
Correlation (3Y) Calculated over the trailing 3-year period	-0.98
Correlation (All Time) Calculated using the full available price history since May 2, 2022	-0.99

The correlation between TARK and SARK has been stable across timeframes, ranging from -1.00 to -0.98 - a consistent structural relationship.

Return for Risk

TARK vs. SARK — 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: 12
TARK Calmar Ratio Rank: 8
TARK Martin Ratio Rank: 9

SARK

SARK Risk / Return Rank: 5
SARK Sharpe Ratio Rank: 5
SARK Sortino Ratio Rank: 5
SARK Omega Ratio Rank: 5
SARK Calmar Ratio Rank: 4
SARK Martin Ratio Rank: 3

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. SARK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long Innovation ETF (TARK) and Tradr Short Innovation Daily ETF (SARK). 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	SARK	Difference
Sharpe ratio: Return per unit of total volatility	-0.06	-0.49	+0.43
Sortino ratio: Return per unit of downside risk	0.42	-0.51	+0.93
Omega ratio: Gain probability vs. loss probability	1.05	0.94	+0.10
Calmar ratio: Return relative to maximum drawdown	-0.08	-0.68	+0.59
Martin ratio: Return relative to average drawdown	-0.15	-1.19	+1.05

TARK vs. SARK - Sharpe Ratio Comparison

The current TARK Sharpe Ratio is -0.06, which is higher than the SARK Sharpe Ratio of -0.49. The chart below compares the historical Sharpe Ratios of TARK and SARK, 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. SARK - Drawdown Comparison

The maximum TARK drawdown since its inception was -77.82%, roughly equal to the maximum SARK drawdown of -81.07%. Use the drawdown chart below to compare losses from any high point for TARK and SARK.

Drawdown Indicators

	TARK	SARK	Difference
Max Drawdown Largest peak-to-trough decline	-77.82%	-81.07%	+3.25%
Max Drawdown (1Y) Largest decline over 1 year	-57.57%	-26.34%	-31.23%
Max Drawdown (3Y) Largest decline over 3 years	-65.55%	-74.42%	+8.87%
Current Drawdown Current decline from peak	-39.47%	-79.77%	+40.30%
Average Drawdown Average peak-to-trough decline	-50.62%	-47.16%	-3.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.80%	14.88%	+16.92%

Volatility

TARK vs. SARK - Volatility Comparison

Tradr 2X Long Innovation ETF (TARK) has a higher volatility of 19.55% compared to Tradr Short Innovation Daily ETF (SARK) at 10.16%. This indicates that TARK's price experiences larger fluctuations and is considered to be riskier than SARK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TARK	SARK	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.55%	10.16%	+9.39%
Volatility (6M) Calculated over the trailing 6-month period	53.71%	26.83%	+26.88%
Volatility (1Y) Calculated over the trailing 1-year period	71.83%	36.04%	+35.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.35%	55.93%	+34.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.35%	55.93%	+34.42%

TARK vs. SARK - Expense Ratio Comparison

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

Dividends

TARK vs. SARK - Dividend Comparison

TARK's dividend yield for the trailing twelve months is around 32.61%, more than SARK's 3.07% yield.

Position	TTM	2025	2024	2023	2022
SARK Tradr Short Innovation Daily ETF	3.07%	2.82%	15.49%	12.57%	25.22%
TARK Tradr 2X Long Innovation ETF	32.61%	30.00%	0.59%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TARK and SARK in my portfolio?

TARK and SARK have a correlation of -1.00, 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 SARK?

TARK has higher volatility (19.55%) compared to SARK (10.16%). In terms of maximum drawdown, TARK dropped -77.82% vs SARK's -81.07%.

Which ETF is better, TARK or SARK?

On 3-year performance, TARK leads with 8.87% vs -27.37% for SARK. On fees, SARK is cheaper at 0.75% per year. On volatility, SARK has been the lower-risk option at 10.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TARK or SARK?

Over the 3-year period, TARK has performed better with a 8.87% return vs -27.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TARK or SARK?

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

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

TARK has the higher dividend yield at 32.61%, compared with 3.07% for SARK.

What is the main difference between TARK and SARK?

TARK is categorized as Leveraged Equities, while SARK is Inverse Equities. Their fees differ too: 1.15% for TARK and 0.75% for SARK.

Which has better risk-adjusted returns?

TARK currently has the higher Sharpe Ratio (-0.06 vs -0.49), 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.