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ETFs

Investment Managers Series Trust II AXS Short Innovation Daily ETF

SARK
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Nov 9, 2021
Expense Ratio
0.75%
Type
Global Equities
Fund Owner
AXS Investments
Volume (1m avg. daily)
$27,796,675
AUM
$232,822,258
Associated Index
None
Inverse/Leveraged
Inverse (-1)
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

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CASH
87%
Invest with SARK
Trade SARK Options

What is SARK?

AXS Short Innovation Daily ETF seeks to provide investment results that are approximately the inverse (or opposite) of, before fees and expenses, to the daily price and yield performance of the ARK Innovation ETF. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

SARK
Performance Measures**

for the time period Nov 9, 2021 to Dec 5, 2025

Returns

1M Trailing Return: 1.8%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: -11.3%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -81.1%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 58.2%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.02

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: -0.18

The annualized return divided by the max drawdown for the selected time period.

ETFs related toSARK

ETFs correlated to SARK include WEBS, BTAL, HIBS

SARK
Investment Managers Series Trust II - AXS Short Innovation Daily ETF
WEBS
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bear -3X Shares
BTAL
AGF Investments Trust - AGF U.S. Market Neutral Anti-Beta Fund
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
HDGE
Advisorshares Trust - Ranger Equity Bear -1x Shares
BERZ
Bank of Montreal - MicroSectorsTM Solactive FANG & Innovation -3X Inverse Leveraged ETNs
FNGD
Bank of Montreal - MicroSectors FANG+ Index -3X Inverse Leveraged ETNs
QID
ProShares Trust - ProShares UltraShort QQQ -2x Shares
SQQQ
ProShares Trust - ProShares UltraPro Short QQQ -3x Shares
PSQ
ProShares Trust - ProShares Short QQQ -1x Shares
SRTY
ProShares Trust - ProShares UltraPro Short Russell2000 -3x Shares

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.

Trading Strategies
Related toSARK

Wooden ARKK Machine 2.2a

Category

Tactical, mean-reversion, momentum filter, leveraged/inverse ETFs, single-position, daily, risk-managed, multi-asset

OOS Cumulative Return

590.8%

Wooden ARKK Machine 2.2

Category

Leveraged ETFs, Mean reversion, Regime filter, Daily rebalance, Single-position, Inverse ETFs

OOS Cumulative Return

567.22%

Create your own algorithmic trading strategy with SARK using Composer

FAQ

SARK is a Global Equities ETF. AXS Short Innovation Daily ETF seeks to provide investment results that are approximately the inverse (or opposite) of, before fees and expenses, to the daily price and yield performance of the ARK Innovation ETF. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day.

Yes, SARK 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, SARK 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 SARK is 0.0406%. This is the percent change in the value of SARK over the most recent 1-month period. The 3-month return on SARK is 0.0613%. This is the percent change in the value of SARK over the most recent 3-month period.

The standard deviation of SARK for the past year is 0.4913%. 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 SARK include SSO, SPXL, and SDS.

ETFs correlated to SARK include WEBS, BTAL, and HIBS.

ETFs that are inversely correlated to SARK include ARKK, TARK, and ARKW.

No, SARK is not a leveraged ETF.

Yes, SARK is a Inverse (-1) 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.