Correlation
The correlation between TARK and ^GSPC is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
TARK vs. ^GSPC
Compare and contrast key facts about Tradr 2X Long Innovation ETF (TARK) and S&P 500 (^GSPC).
TARK is an actively managed fund by AXS Investments. It was launched on Apr 28, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TARK or ^GSPC.
Performance
TARK vs. ^GSPC - Performance Comparison
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Key characteristics
TARK:
-0.34
^GSPC:
0.66
TARK:
0.11
^GSPC:
0.94
TARK:
1.02
^GSPC:
1.14
TARK:
-0.43
^GSPC:
0.60
TARK:
-0.90
^GSPC:
2.28
TARK:
42.20%
^GSPC:
5.01%
TARK:
101.33%
^GSPC:
19.77%
TARK:
-88.03%
^GSPC:
-56.78%
TARK:
-78.32%
^GSPC:
-3.78%
Returns By Period
In the year-to-date period, TARK achieves a -15.41% return, which is significantly lower than ^GSPC's 0.51% return.
TARK
-15.41%
21.18%
-20.30%
-33.29%
-30.76%
N/A
N/A
^GSPC
0.51%
5.49%
-2.00%
12.02%
12.68%
14.19%
10.85%
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Risk-Adjusted Performance
TARK vs. ^GSPC — Risk-Adjusted Performance Rank
TARK
^GSPC
TARK vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long Innovation ETF (TARK) and S&P 500 (^GSPC). 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.
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Drawdowns
TARK vs. ^GSPC - Drawdown Comparison
The maximum TARK drawdown since its inception was -88.03%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for TARK and ^GSPC.
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Volatility
TARK vs. ^GSPC - Volatility Comparison
Tradr 2X Long Innovation ETF (TARK) has a higher volatility of 24.29% compared to S&P 500 (^GSPC) at 4.77%. This indicates that TARK's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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