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QLD vs TARK

ProShares Ultra QQQ

QLDANYSE Arca

Tradr 2X Long Innovation ETF

TARKDNasdaq

Overlap

Expense ratio

QLD −0.59pt a year

QLD0.89%TARK1.48%

Avg volume · 30D

QLD 187.4×the volume

QLD4.15MTARK22.1K

3Y return · a year

QLD +10.9pt

QLD+38.8%TARK+27.9%

QLD vs TARK Performance

Oct 31, 2025 – Nov 2, 2026

+7.6%QLD−37.6%TARK

Oct 31, 2025 to Nov 2, 2026. QLD +7.6%. TARK −37.6%. Use the arrow keys to read each point.−20%20%Oct 2025May 2026Nov 2026
Expense ratio
QLD 0.89%, better
TARK 1.48%
Fund size
QLD $13.3B
TARK $11M
1Y total return
QLD +7.6%, better
TARK −37.6%
Yield (12M)
QLD 0.15%
TARK 35.39%, better
Holdings
QLD 113
TARK 2
Avg volume (30D)
QLD 4.15M sh, better
TARK 22.1K sh
NAV per share
QLD $82.56
TARK $41.57
52W range

ETF.net Grade

QLD: Cost 72, Risk 66, Mission 95, Tradability 100, Holdings 72, Durability 81. TARK: Cost 7, Risk 30, Mission 85, Tradability 63, Holdings 28, Durability 49.
Pillar letters and Scores for QLD, TARK, with each pillar’s weight
PillarQLDTARK
Cost30% weightA72HigherF7
Mission25% weightA95HigherA85
Risk15% weightB66HigherD30
Tradability15% weightA100HigherB63
Holdings10% weightA72HigherD28
Durability5% weightA81HigherC49

Rank among Leveraged Long (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. QLD and TARK are both graded against the same 95 Leveraged Long (2x & Other) funds, so their Grades compare head to head.

Leveraged Long (2x & Other)⁠

Category · 95 funds
See all 95 ›

QLD ranks 1st and TARK 86th of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 78
  2. Rank 2AUYGProShares Ultra FinancialsScore 73
  3. Rank 86DCWEBDirexion Daily CSI China Internet Index Bull 2X ETFScore 28
  4. Rank 86DTARKTradr 2X Long Innovation ETFScore 28
  5. Rank 88DRAMRoundhill T-REX 2X Long DRAM Daily Target ETFScore 27

Our read on each fund

ETF.net Research

QLDAProShares Ultra QQQ

TARKDTradr 2X Long Innovation ETF

In short

QLD The 2x dial on the Nasdaq-100. QLD aims for twice the index's daily move, half the dose of the 3x crowd, and it has been running that playbook since 2006. The multiple resets every session.

TARK Most 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

QLD The fund seeks daily investment results, before fees and expenses, equal to twice the daily performance of the Nasdaq-100 Index.

TARK 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

  • QLD Costs 0.89% net of a waiver through September 30, 2027 (0.96% gross), below the leveraged-bull category median and under Ultra stablemates ROM (0.93%) and DDM (0.95%).
  • Hits its stated daily 2x mark with very little drift, one of the tighter implementations among the roughly 100 leveraged bull funds in its group.
  • A multi-billion-dollar, actively traded fund, so entering and exiting rarely means hunting for the other side of the trade.
  • Trading since June 2006, which makes it one of the longest-running leveraged equity funds on the US shelf rather than a recent product-shelf experiment.
  • TARK 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

  • QLD The 2x objective covers one day only. Hold longer and daily resets plus compounding can push results away from twice the index's move over that stretch, in either direction.proshares.com
  • Magnification runs both ways: a down day in the Nasdaq-100 lands on shareholders at roughly double size, same as an up day.
  • Cheap for geared exposure, still well above a plain unleveraged Nasdaq-100 tracker. The waiver is set to lapse September 30, 2027, after which the 0.96% gross rate applies unless renewed.
  • TARK 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.

Full QLD profile⁠

Full TARK profile⁠

QLD vs TARK Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

QLD vs TARK Cost

Overpaying TARK vs QLD

$9,127

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

  • QLD 0.89%

    $16,872

  • TARK 1.48%

    $25,999

$10,000
30 years

Cost over time

  • QLD 0.89%
  • TARK 1.48%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530TARK $25,999QLD $16,872

Year by year

YearQLDTARKOverpaying
10$1,576$2,558$982
20$5,953$9,408$3,455
30$16,872$25,999$9,127

Expense ratio

  • 0.89%QLD, cheaper
  • 1.48%TARK
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

QLD 28th cheapest of 95 funds

TARK 92nd cheapest of 95 funds

QLD vs TARK Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
QLD 0.15%
TARK 35.39%, better
Payout (12M)
QLD $0.12
TARK $14.71
Last payment
QLD $0.03
TARK $14.71
Ex-dividend
QLD Sep 23, 2026
TARK Dec 23, 2025
Paid on
QLD Sep 29, 2026
TARK Dec 26, 2025
Frequency
QLD Quarterly
TARK Annual

Distribution history

Per share, 2017 to 2026, same scale for both

QLDQuarterly · 21 paymentsAll QLD payments⁠
One bar per payment. 21 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.0012; Jun 21, 2017 $0.00044; Dec 26, 2018 $0.005; Mar 20, 2019 $0.0078; Jun 25, 2019 $0.0052; Dec 24, 2019 $0.0062; Mar 25, 2020 $0.0011; Dec 22, 2022 $0.05; Sep 20, 2023 $0.09; Dec 20, 2023 $0.04; Mar 20, 2024 $0.03; Jun 26, 2024 $0.05; Sep 25, 2024 $0.03; Dec 23, 2024 $0.03; Mar 26, 2025 $0.01; Jun 25, 2025 $0.06; Sep 24, 2025 $0.02; Dec 24, 2025 $0.02; Mar 25, 2026 $0.01; Jun 24, 2026 $0.06; Sep 23, 2026 $0.03. Use the arrow keys to read each point.$0$102017202020232026YTD
TARKAnnual · 2 paymentsAll TARK payments⁠
One bar per payment. 2 payments from 2017 to 2026 YTD. Dec 23, 2024 $0.26; Dec 23, 2025 $14.71. Use the arrow keys to read each point.$0$102017202020232026YTD

QLD vs TARK Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
QLD 36.7%, betterTARK 83.9%
Return per unit of riskSharpe ratio, 3 years
QLD 1.04, betterTARK 0.69
Worst fallMax drawdown, 5 years
QLD −63.7%TARK −77.8%since May 2022
Market sensitivityBeta, 5 years
QLD 2.46TARK 5.06

QLD and TARK in the news

All news⁠

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