# SARK (Tradr 1X Short Innovation Daily ETF)

Tradr · Leveraged ETFs · data as of Sep 11, 2026

SARK aims to return -1 times Innovation's move each day, then resets. Over one day it does that.

## Key facts

- SARK, net assets: $43m (source, as filed for Jun 30, 2026).
- SARK, expense ratio: not read by ETFIQ, as of Sep 11, 2026.
- SARK, underlying: Innovation (no investable tracker), as of Sep 11, 2026.
- SARK, sets out to return: -1 times the daily move of Innovation, reset daily, as of Sep 11, 2026.

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -1 times the daily move of Innovation, reset daily | ETFIQ |
| Underlying | Innovation (no investable tracker) | ETFIQ |
| Segment | sector or country, theme | ETFIQ |
| Net assets | $43m | source, as filed for Jun 30, 2026 |
| Expense ratio | not read by ETFIQ | ETFIQ |
| Launched | Nov 9, 2021 | ETFIQ |

## Questions

### Why does SARK not return -1 times over a year?

Because it resets daily. SARK aims at -1 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what -1 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, SARK, data as of Sep 11, 2026. https://etfiq.com/funds/SARK
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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