SARKTradr 1X Short Innovation Daily ETF
Seeks daily investment results that are inverse to the performance of the ARK Innovation ETF.
By AXS · Launched 2021
0.92%
#4,764 of 5,861 · expensive
$43M
#3,795 of 5,861 · mid-size
-5.8%
4 years
#2,476 of 5,861 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
synthetic exposure — holdings shown are derivatives collateral, not the fund's positions
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Seeks daily investment results that are inverse to the performance of the ARK Innovation ETF.
- Strategy
- Actively manages swaps to achieve daily inverse investment results of -100% of the ARK Innovation ETF. Invests in domestic and foreign equity securities and may hold U.S. Government securities and corporate debt as collateral. Designed for knowledgeable investors who understand the risks of daily rebalancing and compounding effects.
- Inception date
- November 5, 2021
- Fund family
- AXS
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
You can be right and still lose
This fund returns the opposite of its benchmark's daily move, then resets. Hold it longer and the daily compounding takes over: the market can move your way over a week and you still finish down. It works as a one-day hedge and nothing beyond that.
Your return drifts the longer you hold
Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.
Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-08-04