AXS 2X Innovation ETF (TARK) Performance
TARK total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −7.2% since Dec 31, 2025
- 1 year
- −31.4% total return
- 3 years
- +35.7% a year
- Since first price
- −6.7% a year since 2022
TARK trailing returns vs SPY, QQQ, AGG
| Period | TARK total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −19.8% | −19.8% | −1.0% | −5.0% | +0.9% |
| 3 months | +13.4% | +13.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.0% | +1.0% | +7.8% | +8.4% | −1.5% |
| YTD | −7.2% | −7.2% | +12.3% | +15.1% | −1.0% |
| 1 year | −31.4% | −45.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +150.0%+35.7%/yr | +96.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionMay 2, 2022 | −26.5%−6.7%/yr | −42.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: TARK vs SPY
From May 2, 2022: TARK grew to $7,346, SPY to $19,475.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TARK returns by calendar year
2 of 3 full years positive. Best 2023 (+121.4%), worst 2024 (−4.8%). 2026 is year to date.
TARK annual returns table
| Year | TARK | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −7.2% | −44.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +41.0% | −65.6% | +17.7% | +20.8% | +7.2% |
| 2024 | −4.8% | −46.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +121.4% | −57.5% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
TARK largest drawdowns
Now 38.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| May 4, 2022 | −77.8% | Dec 28, 2022 | Oct 2, 2025 | 8 months | 3.4 years |
| Oct 8, 2025 | −57.6% | Mar 30, 2026 | not yet | 6 months | 1.0 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
TARK risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +35.7% | +5.4% |
| Volatility (annualized) | 84.2% | 85.1% |
| Sharpe ratio | 0.68 | 0.39 |
| Sortino ratio | 1.38 | 0.72 |
| Best month | +68.4% | +68.4% |
| Worst month | −29.4% | −32.8% |
| Best 12 months | +185.8% | +185.8% |
| Worst 12 months | −28.2% | −44.1% |
| Positive months | 50% | 46% |
| Beta vs S&P 500 | 5.09 | — |
| Correlation with S&P 500 | 0.75 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
TARK rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 42 | −44.1% | +12.1% | +185.8% | 62% |
| 3-year (a year) | 18 | −12.8% | +21.9% | +43.7% | 89% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
TARK performance overview
AXS 2X Innovation ETF (TARK) returned −31.4% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned −6.7% a year, turning $10,000 into about $7,346. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −77.8%, from May 4, 2022 to Dec 28, 2022, and it took 2.8 years to get back to the old high. TARK finished 2 of its 3 full calendar years with a gain; the best year was 2023 (+121.4%) and the worst 2024 (−4.8%). Volatility has been 85.1% a year.
Related: TARK chart, TARK dividends. See the TARK overview for the latest quote and fund facts.
TARK performance FAQ
What is the TARK return over the past year?
TARK returned −31.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 45.8%.
How much would $10,000 invested in TARK be worth?
$10,000 invested in TARK at its first recorded close on May 2, 2022 would be worth about $7,346 on October 23, 2026 with distributions reinvested.
What was the worst year for TARK?
The worst calendar year was 2024, with a total return of −4.8%. The best was 2023 at +121.4%.
What is the biggest drawdown of TARK?
The largest peak-to-trough decline was −77.8% between May 4, 2022 and December 28, 2022. It recovered to the old high on October 2, 2025, 2.8 years after the bottom.
How volatile is TARK?
Over the past 3 years TARK had an annualized volatility of 84.2% and a Sharpe ratio of 0.68 (excess return over 1–3 month T-bills per unit of risk).