TARK Tradr 2X Long Innovation ETF
Aims to return twice the daily move of Innovation
TARK aims to return +2 times Innovation's move each day, then resets. Over one day it does that.
ETFIQ publishes no comparison for TARK. Measuring a leveraged fund means pricing what it tracks over the same days, and no live price history was found for Innovation, so there is nothing to hold its return against. Its own returns below are unaffected, and it is left out of every ranking and score on this desk rather than placed last in them.
In plain words
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. TARK itself moved at 73% annualized over that window.
| Sets out to return | +2 times the daily move of Innovation, reset daily |
|---|---|
| Underlying | Innovation (no investable tracker) |
| Segment | sector or country, theme |
| Net assets (source, as filed for Jun 30, 2026) | $20m |
| Expense ratio (485BPOS XBRL, Jul 23, 2026) | 1.48% |
| Launched | May 2, 2022 |
Returns are ETFIQ calculations from Tiingo end-of-day prices, distributions reinvested, measured against the underlying over exactly the same days. How these figures are computed
Questions people ask
- Why does TARK not return +2 times over a year?
- Because it resets daily. TARK aims at +2 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 +2 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.
The words on this page
- Stated multiple
- What the fund sets out to return against its underlying, each day. A fund at 2x aims to return twice the underlying’s daily move, and an inverse fund at -2x aims to return twice it in the opposite direction.
- Daily reset
- The fund starts each day aiming at the multiple again, from wherever it now stands. It is the mechanism that makes these funds behave as they do, and the reason the stated multiple applies to a day rather than to a holding period.
- Compounding
- Daily results multiply together rather than adding up. Two days of the multiple is not twice the multiple, and over a run of days the difference between the two grows with how far the underlying moves about.
- Decay
- What compounding costs a holder when the underlying falls and rises back to where it started. The underlying is level and the fund is down; the more violently it moved, the further down.
- Difference against the stated multiple
- The fund’s return minus the stated multiple times the underlying’s return, in percentage points. The one figure that says whether a holder got what the fund’s own multiple describes.
Every term used here, defined in full on the leveraged ETFs vocabulary page.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Other funds on Innovation
Where to next
Where TARK is written about
Use this data, or open the live card
Open TARK live on ETFIQ, where the figures refresh with the data.
Cite this page. ETFIQ, TARK, leveraged ETFs, data as of Sep 11, 2026. https://etfiq.com/funds/TARK Free to use with attribution; the underlying files are at Open data.