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ETFs

Investment Managers Series Trust II AXS 2X Innovation ETF

TARK
$--
Today’s Change
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Snapshot
*

Inception Date
May 02 2022
Expense Ratio
1.15%
Type
Global Equities
Fund Owner
AXS Investments
Volume (1m avg. daily)
$5,420,629
AUM
$48,639,354
Associated Index
None
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
CASH
98.06%
Invest with TARK

What is TARK?

TARK pursues a daily leveraged objective that is two times the performance of the ARK Innovation ETF, which means TARK is riskier than alternatives that do not use leverage because TARK magnifies the performance of the ARK Innovation ETF.

ETFs related toTARK

ETFs correlated to TARK include ARKK, ARKW, ARKF

TARK
Investment Managers Series Trust II - AXS 2X Innovation ETF
ARKK
ARK Investment Management LLC - ARK Innovation ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
IPO
Renaissance Capital Greenwich Funds - Renaissance IPO ETF
OARK
Tidal Trust II - YieldMax Innovation Option Income Strategy ETF
ARKG
ARK Investment Management LLC - ARK Genomic Revolution ETF
ARKQ
ARK Investment Management LLC - ARK Autonomous Technology & Robotics ETF
IBUY
Amplify ETF Trust - Amplify Online Retail ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
WCLD
WisdomTree Trust - WisdomTree Cloud Computing Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toTARK

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with TARK using Composer

FAQ

TARK is a Global Equities ETF. TARK pursues a daily leveraged objective that is two times the performance of the ARK Innovation ETF, which means TARK is riskier than alternatives that do not use leverage because TARK magnifies the performance of the ARK Innovation ETF.

Yes, TARK is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, TARK is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TARK is -0.0922%. This is the percent change in the value of TARK over the most recent 1-month period. The 3-month return on TARK is -0.1889%. This is the percent change in the value of TARK over the most recent 3-month period.

The standard deviation of TARK for the past year is 0.9289%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to TARK include SSO, SPXL, and SDS.

ETFs correlated to TARK include ARKK, ARKW, and ARKF.

ETFs that are inversely correlated to TARK include SARK, WEBS, and BTAL.

Yes, TARK is a Leveraged (2x) ETF.

Yes, TARK is a Leveraged (2x) leveraged ETF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.