TARK vs. TSMG

Last updated Jun 3, 2026

TARK (Tradr 2X Long Innovation ETF) and TSMG (Leverage Shares 2X Long TSM Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, TARK returned 58.98% vs 327.45% for TSMG. A 0.56 correlation means they provide meaningful diversification when combined. TARK charges 1.15%/yr vs 0.75%/yr for TSMG.

Performance

TARK vs. TSMG - 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 TSM Daily ETF (TSMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TARK achieves a -1.67% return, which is significantly lower than TSMG's 94.33% return.

TARK

• 1D: -3.51%
• 1M: 6.42%
• YTD: -1.67%
• 6M: -5.56%
• 1Y: 58.98%
• 3Y*: 22.58%
• 5Y*: —
• 10Y*: —

TSMG

• 1D: 4.98%
• 1M: 23.80%
• YTD: 94.33%
• 6M: 108.01%
• 1Y: 327.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TARK vs. TSMG - Yearly Performance Comparison

	2026 (YTD)	2025
TARK Tradr 2X Long Innovation ETF	-1.67%	44.07%
TSMG Leverage Shares 2X Long TSM Daily ETF	94.33%	76.34%

Correlation

The correlation between TARK and TSMG is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025	0.56

The correlation between TARK and TSMG has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.

Return for Risk

TARK vs. TSMG — Risk / Return Rank

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

TARK

TARK Risk / Return Rank: 24
TARK Sharpe Ratio Rank: 24
TARK Sortino Ratio Rank: 28
TARK Omega Ratio Rank: 26
TARK Calmar Ratio Rank: 24
TARK Martin Ratio Rank: 19

TSMG

TSMG Risk / Return Rank: 91
TSMG Sharpe Ratio Rank: 97
TSMG Sortino Ratio Rank: 87
TSMG Omega Ratio Rank: 79
TSMG Calmar Ratio Rank: 96
TSMG Martin Ratio Rank: 95

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. TSMG - 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 TSM Daily ETF (TSMG). 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.

	TARK	TSMG	Difference
Sharpe ratio Return per unit of total volatility	0.83	4.61	-3.78
Sortino ratio Return per unit of downside risk	1.50	3.97	-2.46
Omega ratio Gain probability vs. loss probability	1.17	1.48	-0.31
Calmar ratio Return relative to maximum drawdown	1.11	9.46	-8.35
Martin ratio Return relative to average drawdown	2.19	30.96	-28.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TARK vs. TSMG - Sharpe Ratio Comparison

The current TARK Sharpe Ratio is 0.83, which is lower than the TSMG Sharpe Ratio of 4.61. The chart below compares the historical Sharpe Ratios of TARK and TSMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TARK	TSMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.83	4.61	-3.78
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	1.79	-1.86

Drawdowns

TARK vs. TSMG - Drawdown Comparison

The maximum TARK drawdown since its inception was -77.82%, which is greater than TSMG's maximum drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for TARK and TSMG.

Drawdown Indicators

	TARK	TSMG	Difference
Max Drawdown Largest peak-to-trough decline	-77.82%	-63.67%	-14.15%
Max Drawdown (1Y) Largest decline over 1 year	-57.57%	-35.29%	-22.28%
Max Drawdown (3Y) Largest decline over 3 years	-65.55%	—	—
Current Drawdown Current decline from peak	-35.30%	0.00%	-35.30%
Average Drawdown Average peak-to-trough decline	-51.00%	-17.02%	-33.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.21%	10.79%	+18.42%

Volatility

TARK vs. TSMG - Volatility Comparison

The current volatility for Tradr 2X Long Innovation ETF (TARK) is 17.93%, while Leverage Shares 2X Long TSM Daily ETF (TSMG) has a volatility of 22.57%. This indicates that TARK experiences smaller price fluctuations and is considered to be less risky than TSMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TARK	TSMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.93%	22.57%	-4.64%
Volatility (6M) Calculated over the trailing 6-month period	50.05%	54.92%	-4.87%
Volatility (1Y) Calculated over the trailing 1-year period	71.71%	71.57%	+0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.60%	81.08%	+9.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.60%	81.08%	+9.52%

TARK vs. TSMG - Expense Ratio Comparison

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

Dividends

TARK vs. TSMG - Dividend Comparison

TARK's dividend yield for the trailing twelve months is around 30.51%, more than TSMG's 5.91% yield.

Position	TTM	2025	2024
TARK Tradr 2X Long Innovation ETF	30.51%	30.00%	0.59%
TSMG Leverage Shares 2X Long TSM Daily ETF	5.91%	11.48%	0.00%

Frequently Asked Questions

Can I hold both TARK and TSMG in my portfolio?

TARK and TSMG have a correlation of 0.47, 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 TSMG?

TSMG has higher volatility (22.57%) compared to TARK (17.93%). In terms of maximum drawdown, TARK dropped -77.82% vs TSMG's -63.67%.

Which ETF is better, TARK or TSMG?

On 1-year performance, TSMG leads with 327.45% vs 58.98% for TARK. On fees, TSMG is cheaper at 0.75% per year. On volatility, TARK has been the lower-risk option at 17.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TARK or TSMG?

Over the 1-year period, TSMG has performed better with a 327.45% return vs 58.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TARK or TSMG?

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

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

TARK has the higher dividend yield at 30.51%, compared with 5.91% for TSMG.

What is the main difference between TARK and TSMG?

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

Which has better risk-adjusted returns?

TSMG currently has the higher Sharpe Ratio (4.61 vs 0.83), 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.