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TARK

GradeDNASDAQ

Tradr 2X Long Innovation ETF

Leveraged · Leveraged & Inverse · Tradr · Inception 2022-05-02 · SEC filings

This fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$56.90−1.70 (−2.90%)

As of Sep 23, 2026, 2:17 PM EDT

History starts May 2, 2022.
Intraday session: down, 29 prints from 58.60 to 56.90. Range 56.00 to 58.55. Use the arrow keys to read each point.$56.00$58.0010 AM12 PM2 PM4 PM
Expense ratio
1.15%
Fund size
$16M
1Y return
−5.2%
Yield · Last 12 months
25.10%
Volume · 30D
0M sh
NAV per share
$58.45
52W range
low $30.70high $94.00

The ETF.net TARK Grade

D

39/ 100

Rank 68 of 99 in Leveraged Long (2x & Other)⁠

Confidence High

Six-pillar profile for TARK. Scores out of 100: Cost 37, Risk 30, Mission 66, Tradability 51, Holdings 20, Durability 52. Strongest: Mission (66). Weakest: Holdings (20). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 39 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 37
    Category rank63/99 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    BScore 66
    Category rank7/10 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 30
    Category rank79/94 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 51
    Category rank47/99 · top 47%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    FScore 20
    Category rank23/23 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 52
    Category rank50/99 · mid-pack

Graded as of Sep 22, 2026

Our read on TARK

ETF.net Research

DMost leveraged ETFs bolt 2x onto an index. TARK bolts it onto another ETF: it aims for two times the daily move of the ARK Innovation ETF, reset every single trading day.

Stated mandate

The Fund seeks daily investment results equal to two times the daily performance of the ARK Innovation ETF. It targets this result for one trading day only.

Why people hold it

  1. 01Unusual plumbing: the reference is another fund's basket rather than a fixed index, so the exposure shifts whenever ARK's portfolio shifts.tradretfs.com
  2. 02One ticker in a regular brokerage account does the leverage work: no margin loan to arrange, no borrowing on your side, inside a standard 1940 Act fund.tradretfs.com
  3. 03The mandate is stated bluntly in the prospectus: two times daily performance, targeted for one trading day only. No fuzziness about what the fund is built to do.tradretfs.com
  4. 04Live since 2022, so the daily-reset mechanics have a multi-year record on a famously jumpy corner of the market.

Worth knowing

  1. 01The 2x target applies to a single day. Hold longer and compounding takes over, so multi-day results can drift well away from twice the reference fund's move.tradretfs.com
  2. 02Fees sit at the pricier end of the leveraged shelf: 1.15% a year, against under 1% at big peers like QLD (0.98%) and FAS (0.92%).
  3. 03It is one of the smaller and less actively traded names in the leveraged lineup, which can mean wider spreads than the household-name 2x and 3x funds.

TARK Holdings

As of Sep 20, 2026, 6:39 AM
Asset class
Other
Holdings
—
Top-10 weight
108%
Largest holding
CFD ARK INNOVATION ETF68.7%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—CFD ARK INNOVATION ETF68.67%-20,068,209$11M1
002—CASHUSD38.89%6,046,574$6M49

Showing 1–2 of 2 holdings

TARK Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

TARK$9,477
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. TARK $9,477. SPY $11,723. Use the arrow keys to read each point.$4,526$8,412$12,298Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for TARK. Periods over one year show the average yearly return.
PeriodTARK
Year to date+20.7%
1 month+11.2%
3 months+29.2%
1 year−5.2%
3 years+40.6%per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TARK
YearReturn barTARK
2026 YTD+20.7%
2025+42.0%
2024−4.8%
2023+121.4%
2022−73.4%

Since listing, May 2, 2022

TARK in the news

ETF.net Research hasn’t filed on TARK yet — coverage lands here as it’s written.

TARK Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
25.10%Last 12 months
Payout per share
$14.71Last 12 months
Last payment
$14.71 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 23, 2024 $0.26; Dec 23, 2025 $14.71. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 23, 2025Dec 26, 2025$14.71
Dec 23, 2024Dec 27, 2024$0.26

TARK Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
85.3%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.57
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−77.8%
52 months · trough Dec 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
5.06
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

TARK Cost

Expense ratio1.15%
  • The middle half of Leveraged Long (2x & Other) funds
  • Median 0.99%

61 of the 93 Leveraged Long (2x & Other) funds charge less.

TARK costs $115.00 a year on $10,000. The median Leveraged Long (2x & Other) fund costs $99.00.