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Launched · SEC filings

Tradr 2X Long Innovation ETF

TARKNasdaqTradrDThis 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.

$41.55−1.98 (−4.55%)

At close: Nov 2, 2026, 4:00 PM ET

D28/ 100

Rank 86 of 99 in Leveraged Long (2x & Other)

D28/100Rank 86 of 99inLeveraged Long (2x & Other)
Intraday session: down, 79 prints from 43.53 to 41.55. Range 41.44 to 44.88. Use the arrow keys to read each point.42.0043.0044.0045.0010 AM12 PM2 PM4 PM
Expense ratio
1.48%*
Fund size
$11M
1Y total return
−37.6%
Yield · Last 12 months
35.39%
Holdings
2
Avg volume · 30D
22.1K sh
52W range
low $30.70high $85.21
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Jul 31, 2027. Without it: 1.78%.

The ETF.net TARK Grade

D

Score 28 out of 100

Category
Leveraged Long (2x & Other)⁠
Rank
86 of 99
Six-pillar profile for TARK. Scores out of 100: Cost 7, Risk 30, Mission 85, Tradability 63, Holdings 28, Durability 49. Strongest: Mission (85). Weakest: Cost (7). Leans toward Mission.

Score 28 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F7 out of 100
    Rank 92 of 99

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A85 out of 100
    Rank 4 of 13

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D30 out of 100
    Rank 78 of 98

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B63 out of 100
    Rank 25 of 99

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D28 out of 100
    Rank 26 of 27

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C49 out of 100
    Rank 53 of 99

Our read on TARK

ETF.net Research

In short

DMost leveraged ETFs double an index. TARK doubles a stock picker: it targets 2x the daily move of ARKK, ARK's actively managed innovation fund, in one ticker. Costs 1.48% net of a waiver through July 31, 2027, with leverage reset daily.

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

  • One ticker for 2x daily ARKK. The fund uses swaps and rebalances daily, targeting double the ARK Innovation ETF's one-day move without a margin account.tradretfs.com
  • The reference asset is a live active portfolio, not an index, so exposure shifts as ARK's managers trade rather than on a reconstitution calendar.tradretfs.com
  • Trading since 2022, it has stayed close to its stated daily 2x target, and the daily rebalance resets exposure each session instead of letting it drift.tradretfs.com

Worth knowing

  • At 1.48% net of a waiver through July 31, 2027 (1.78% gross), it sits above the category median. Index-based 2x funds like QLD (0.89%, net of a waiver through September 30, 2027) and ROM (0.93%) cost less.
  • Leverage resets daily, so a multi-day result compounds off each day's move and can land well off 2x the period change, especially after choppy stretches.tradretfs.com
  • It is a small fund that trades lightly next to the big index-based leveraged ETFs, which can show up as wider spreads at the point of trade.

TARK Performance

Launched May 2, 2022

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

Not enough history yet.Not enough history yet.
TARK$6,242
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. TARK $6,242. SPY $11,146. Use the arrow keys to read each point.$6,000$8,000$10,000$12,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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−14.4%
1 month−25.5%
3 months+13.3%
1 year−37.6%
3 yearsper year+27.9%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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−14.4%
2025+42.0%
2024−4.8%
2023+121.4%
2022−73.4%

Since listing, May 2, 2022

TARK in the news

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 Nov 2, 2026.
35.39%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

$10,000 in TARK 3 years ago paid $5,284 in dividends.

TARK Risk

Risk pillarD30 out of 100Rank 78 of 98 in Leveraged Long (2x & Other)

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.
83.9%
Annualised · 36 months to Oct 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.
0.69
vs 3-month T-bills · to Oct 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%
54 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.

FMP measures it over up to five years of monthly returns.

TARK Cost

Compare TARK and WX

Overpaying vs WX, cheapest in Leveraged Long (2x & Other)

$21,844

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TARK 1.48%

    $25,999

  • WX 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • TARK 1.48%
  • WX 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530TARK $25,999WX $4,155

Year by year

YearTARKWXOverpaying
10$2,558$365$2,193
20$9,408$1,421$7,987
30$25,999$4,155$21,844
How the 1.48% is worked out

Full fee 1.78%− waiver 0.30%= you pay 1.48%

The waiver ends Jul 31, 2027. After that the fee is 1.78% unless Tradr renews it. Source: prospectus, Aug 2026.

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