{
 "ticker": "SARK",
 "name": "Tradr 1X Short Innovation Daily ETF",
 "issuer": "Tradr",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/sark",
 "html": "https://etfiq.com/funds/sark",
 "markdown": "https://etfiq.com/funds/sark.md",
 "as_of": "2026-10-09",
 "verdict": "Three months to Oct 9, 2026: SARK returned \u221213.0% where its own daily promise gave \u221213.5%, 0.5 points over.",
 "key_facts": [
  {
   "key": "what_arkk_did",
   "label": "What ARKK did",
   "value": "+11.7%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "SARK, what ARKK did: +11.7%, as of Oct 9, 2026."
  },
  {
   "key": "what_1_times_a_day_gives",
   "label": "What \u22121 times a day gives",
   "value": "\u221213.5%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "SARK, what \u22121 times a day gives: \u221213.5%, as of Oct 9, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221213.0%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "SARK, what the fund returned: \u221213.0%, as of Oct 9, 2026."
  },
  {
   "key": "the_fund_itself_added",
   "label": "The fund itself added",
   "value": "+0.5 pts",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "SARK, the fund itself added: +0.5 pts, as of Oct 9, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$34m",
   "source": "the issuer\u2019s own daily fund list, as of Oct 9, 2026",
   "as_of": "2026-10-09",
   "sentence": "SARK, net assets: $34m (the issuer\u2019s own daily fund list, as of Oct 9, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.99%",
   "source": "485BPOS XBRL, Jul 23, 2026",
   "as_of": "2026-10-09",
   "sentence": "SARK, expense ratio: 0.99% (485BPOS XBRL, Jul 23, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "-1 times the daily move of ARKK, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "-1.11 times, against -1 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "ARKK",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "sector or country, theme",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$34m",
   "source": "the issuer\u2019s own daily fund list, as of Oct 9, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.99%",
   "source": "485BPOS XBRL, Jul 23, 2026"
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Nov 9, 2021",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "37% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u22126.1%",
   "ARKK": "+6.0%",
   "-1x the move": "\u22126.0%",
   "Difference": "\u22120.2 pts",
   "ARKK moved about, annualized": "30%"
  },
  {
   "window": "3 months",
   "Fund": "\u221213.0%",
   "ARKK": "+11.7%",
   "-1x the move": "\u221211.7%",
   "Difference": "\u22121.3 pts",
   "ARKK moved about, annualized": "37%"
  },
  {
   "window": "6 months",
   "Fund": "\u221227.1%",
   "ARKK": "+29.3%",
   "-1x the move": "\u221229.3%",
   "Difference": "+2.2 pts",
   "ARKK moved about, annualized": "37%"
  },
  {
   "window": "1 year",
   "Fund": "\u221210.0%",
   "ARKK": "\u22122.2%",
   "-1x the move": "+2.2%",
   "Difference": "\u221212.2 pts",
   "ARKK moved about, annualized": "38%"
  },
  {
   "window": "3 years",
   "Fund": "\u221272.8%",
   "ARKK": "+123.0%",
   "-1x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "ARKK moved about, annualized": "40%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221257.0%",
   "ARKK": "\u221224.6%",
   "-1x the move": "+24.6%",
   "Difference": "\u221281.7 pts",
   "ARKK moved about, annualized": "47%"
  }
 ],
 "questions": [
  {
   "q": "Did SARK return -1 times ARKK?",
   "a": "Over the three months to Oct 9, 2026, ARKK moved +11.7% and SARK returned \u221213.0%. \u22121 times that move is \u221211.7%, so the fund came out 1.3 points short of it. Against its own daily promise, \u22121 times each day's move compounded, it was 0.5 points over."
  },
  {
   "q": "Why does SARK not return -1 times over a year?",
   "a": "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."
  }
 ],
 "flows": {
  "as_of": "2026-06-30",
  "coverage": "monthly",
  "computed_by": "ETFIQ, from the change in shares outstanding times the previous day\u2019s NAV",
  "method": "https://etfiq.com/methodology/flows",
  "data": "https://etfiq.com/data/flows/funds/sark.json",
  "windows": [],
  "latest_month": {
   "month": "2026-06",
   "net_flow_usd": -9919713,
   "net_flow": "\u2212$9.9m",
   "source": "SEC Form N-PORT"
  }
 },
 "generated": "2026-10-09",
 "license": "https://etfiq.com/license/",
 "license_text": "Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, SARK, leveraged ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/sark"
}