TARK vs. TMF
TARK (Tradr 2X Long Innovation ETF) and TMF (Direxion Daily 20+ Year Treasury Bull 3X ETF) are both exchange-traded funds - TARK is a Leveraged Equities fund actively managed by AXS, while TMF is a Leveraged Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index (300%). TARK is actively managed, while TMF is passively managed. Over the past 3 years, TARK returned 9.51%/yr vs -18.84%/yr for TMF. Their 0.16 correlation means their historical movements had little consistent relationship. TARK charges 1.15%/yr vs 1.01%/yr for TMF.
Performance
TARK vs. TMF - Performance Comparison
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Returns By Period
In the year-to-date period, TARK achieves a -19.75% return, which is significantly lower than TMF's -15.88% return.
TARK
- 1D
- 6.24%
- 1M
- -19.46%
- 6M
- -12.47%
- YTD
- -19.75%
- 1Y
- -13.16%
- 3Y*
- 9.51%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -8.55%
TMF
- 1D
- 0.95%
- 1M
- -11.21%
- 6M
- -14.16%
- YTD
- -15.88%
- 1Y
- -17.67%
- 3Y*
- -18.84%
- 5Y*
- -35.05%
- 10Y*
- -18.33%
- ALL TIME*
- -6.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $641.51K | $642.89K | $719.11K | |
| $168.22M | $133.63M | $127.70M |
TARK vs. TMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TARK Tradr 2X Long Innovation ETF | -19.75% | 41.00% | -4.85% | 121.37% | -71.31% |
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | -15.88% | -2.94% | -35.95% | -13.01% | -46.35% |
Correlation
The correlation between TARK and TMF is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (All Time) Calculated using the full available price history since May 2, 2022 | 0.16 |
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Return for Risk
TARK vs. TMF — Risk / Return Rank
TARK
TMF
TARK vs. TMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long Innovation ETF (TARK) and Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF). 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 | TMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.91 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | -0.62 | +0.39 |
| Martin ratioReturn relative to average drawdown | -0.39 | -1.25 | +0.85 |
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Drawdowns
TARK vs. TMF - Drawdown Comparison
The maximum TARK drawdown since its inception was -77.82%, smaller than the maximum TMF drawdown of -93.10%. Use the drawdown chart below to compare losses from any high point for TARK and TMF.
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Drawdown Indicators
| TARK | TMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.82% | -93.10% | +15.28% |
Max Drawdown (1Y)Largest decline over 1 year | -57.57% | -28.69% | -28.88% |
Max Drawdown (3Y)Largest decline over 3 years | -65.55% | -50.64% | -14.91% |
Max Drawdown (5Y)Largest decline over 5 years | — | -89.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.10% | — |
Current DrawdownCurrent decline from peak | -47.20% | -93.04% | +45.84% |
Average DrawdownAverage peak-to-trough decline | -50.54% | -44.08% | -6.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.59% | 14.21% | +19.38% |
Volatility
TARK vs. TMF - Volatility Comparison
Tradr 2X Long Innovation ETF (TARK) has a higher volatility of 21.64% compared to Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF) at 7.36%. This indicates that TARK's price experiences larger fluctuations and is considered to be riskier than TMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TARK | TMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.64% | 7.36% | +14.28% |
Volatility (6M)Calculated over the trailing 6-month period | 55.01% | 19.96% | +35.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.09% | 27.08% | +45.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.17% | 46.37% | +43.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.17% | 43.71% | +46.46% |
TARK vs. TMF - Expense Ratio Comparison
TARK has a 1.15% expense ratio, which is higher than TMF's 1.01% expense ratio.
Dividends
TARK vs. TMF - Dividend Comparison
TARK's dividend yield for the trailing twelve months is around 37.38%, more than TMF's 4.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
TARK Tradr 2X Long Innovation ETF | 37.38% | 30.00% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | 4.69% | 4.06% | 4.29% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% |
Frequently Asked Questions
TARK and TMF have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TARK has higher volatility (21.64%) compared to TMF (7.36%). In terms of maximum drawdown, TARK dropped -77.82% vs TMF's -93.10%.
On 3-year performance, TARK leads with 9.51% vs -18.84% for TMF. On fees, TMF is cheaper at 1.01% per year. On volatility, TMF has been the lower-risk option at 7.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, TARK has performed better with a 9.51% return vs -18.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TMF is cheaper with a 1.01% expense ratio, compared with 1.15% for TARK.
TARK has the higher dividend yield at 37.38%, compared with 4.69% for TMF.
TARK is categorized as Leveraged Equities, while TMF is Leveraged Bonds. They also come from different issuers: AXS and Direxion. Their fees differ too: 1.15% for TARK and 1.01% for TMF.
TARK currently has the higher Sharpe Ratio (-0.18 vs -0.66), 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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