Which came closer to its stated multiple, SARK or TARK?

Over the window to Oct 9, 2026, SARK finished 1.3 points from what its multiple implies and TARK finished 7.6 points from its own, so SARK came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are SARK and TARK levered on the same thing?

Yes. Both are levered on ARK Innovation ETF, SARK at -1 times and TARK at +2 times the daily move.

Which one decays faster, SARK or TARK?

Decay follows how much the underlying moves about. Over this window SARK’s moved at 37% annualized and TARK’s at 37%, so SARK has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold SARK or TARK for a year?

Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.

Which is cheaper, SARK or TARK?

SARK charges 0.99% a year and TARK charges 1.48%, so SARK is cheaper. Fees come from each fund's prospectus.

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SARK vs TARK: which held to its multiple?

Over three months against its own daily promise, SARK finished 0.5 points over and TARK 4.8 points short. Tradr 1X Short Innovation Daily ETF and Tradr 2X Long Innovation ETF.

SARK costs 0.49 points a year less; their one-year returns differ by 14.4 points; SARK is far larger, $34m against $1m.

	SARK	TARK
Expense ratio	0.99%	1.48%
Net assets	$34m	$1m
Total return, 1 year	−10.0%	−24.4%
What it tracks	Innovation	Innovation
Holdings in common	not published
What its daily multiple gave, 3 months	−13.5%	+20.6%
What the underlying did, 3 months	ARKK 11.7%	ARKK 11.7%

−13.0%

SARK returned, 3 months

+15.8%

TARK returned, 3 months

−1.3 pts

SARK from its stated multiple: compounding −1.8 pts, the fund +0.5 pts

−7.6 pts

TARK from its stated multiple: compounding −2.8 pts, the fund −4.8 pts

SARK · 3 months to Oct 9, 20261.3 pts short of its stated multiple

SARK returned −13.0% while −1 times ARKK's move would have been −11.7%. Figures from Jul 10, 2026 to Oct 9, 2026.

TARK · 3 months to Oct 9, 20267.6 pts short of its stated multiple

TARK returned +15.8% while 2 times ARKK's move would have been +23.4%. Figures from Jul 10, 2026 to Oct 9, 2026.

Figures from Jul 10, 2026 to Oct 9, 2026.

ETFIQ Decay Resistance Score · SARK scores higherDid it keep up with its own daily multiple, compounded day by day?

SARK among the 128 inverse ETFs over three months

SARK 23

0.4, the lowest in this set99.6, the highest

TARK among the 517 leveraged ETFs, long, over three months

TARK 17.5

0.1, the lowest in this set99.9, the highest

A percentile among the 128 inverse ETFs over three months. TARK is a percentile among the 517 leveraged ETFs, long, over three months, a different set, so the two marks are not on one scale. All leveraged ETFs ranked by it → How it is computed →

Performance, window by window

	Total return		Multiple would give		Difference
Window	SARK	TARK	SARK	TARK	SARK	TARK
1 month	−6.1%	+8.6%	−6.0%	+12.0%	−0.2 pts	−3.4 pts
3 months	−13.0%	+15.8%	−11.7%	+23.4%	−1.3 pts	−7.6 pts
6 months	−27.1%	+46.7%	−29.3%	+58.7%	+2.2 pts	−12.0 pts
1 year	−10.0%	−24.4%	+2.2%	−4.5%	−12.2 pts	−19.9 pts
3 years	−72.8%	+142.7%	not meaningful	not meaningful	not meaningful	not meaningful
Since launch SARK Nov 2021 · TARK May 2022	−57.0%	−10.7%	+24.6%	+160.5%	−81.7 pts	−171.2 pts

Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

SARK

Tradr 1X Short Innovation Daily ETF · Aims to return 1 times the opposite of the daily move of ARK Innovation ETF (ARKK)

TARK

Tradr 2X Long Innovation ETF · Aims to return twice the daily move of ARK Innovation ETF (ARKK)

Issuer Tradr Tradr

Sets out to return -1x +2x

Underlying asset ARKK ARKK

Segment theme theme

Fund returned, 3 months or since launch −13.0% +15.8%

Underlying returned, over that window +11.7% +11.7%

What the stated multiple implies, over that window −11.7% +23.4%

Difference from stated, over that window −1.3 pts −7.6 pts

Fund returned, 1 year or since launch −10.0% −24.4%

Difference from stated, over that window −12.2 pts −19.9 pts

Underlying volatility 37% 37%

Expense ratio 0.99% 1.48%

First traded Nov 9, 2021 May 2, 2022

Net assets $34m $1m

As of Oct 9, 2026. Source: ETFIQ.

SARK in plain words

Three months to Oct 9, 2026: SARK returned −13.0% where its own daily promise gave −13.5%, 0.5 points over. Read the multiple against the whole window instead and −1 times ARKK's 11.7% implies −11.7%, which makes SARK look 1.3 points short. That 1.3 is two pieces: daily compounding, −1.8 points, which happens to any −1 times fund over the same path, and the fund itself, +0.5 points against its own daily promise. SARK aims to return -1 times ARKK's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not -1 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. ARKK moved at 37% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.

TARK in plain words

Three months to Oct 9, 2026: TARK returned +15.8% where its own daily promise gave +20.6%, 4.8 points short. Read the multiple against the whole window instead and 2 times ARKK's 11.7% implies +23.4%, which makes TARK look 7.6 points short. That 7.6 is two pieces: daily compounding, −2.8 points, which happens to any 2 times fund over the same path, and the fund itself, −4.8 points against its own daily promise. TARK aims to return +2 times ARKK's move each day, then resets. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more.

Questions people ask

Which came closer to its stated multiple, SARK or TARK?: Over the window to Oct 9, 2026, SARK finished 1.3 points from what its multiple implies and TARK finished 7.6 points from its own, so SARK came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are SARK and TARK levered on the same thing?: Yes. Both are levered on ARK Innovation ETF, SARK at -1 times and TARK at +2 times the daily move.
Which one decays faster, SARK or TARK?: Decay follows how much the underlying moves about. Over this window SARK’s moved at 37% annualized and TARK’s at 37%, so SARK has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold SARK or TARK for a year?: Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
Which is cheaper, SARK or TARK?: SARK charges 0.99% a year and TARK charges 1.48%, so SARK is cheaper. Fees come from each fund's prospectus.

Other comparisons

ARKK →SARK on its own →TARK on its own →How every figure is computed →Standards and sources →

Where these figures came from

SARK and TARK filings on SEC EDGAR ↗SARK and TARK prospectus with the expense ratio (SEC) ↗Tradr website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

It is a position in a set, not a rating, and neither end of it is a recommendation.

Every figure is an ETFIQ calculation with distributions reinvested.

Cite this page

ETFIQ, SARK against TARK, data as of Oct 9, 2026. https://etfiq.com/compare/leverage/sark-vs-tark

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.