APPX vs. TERG

Last updated Apr 1, 2026

Compare and contrast key facts about Tradr 2X Long APP Daily ETF (APPX) and Leverage Shares 2X Long TER Daily ETF (TERG).

APPX and TERG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. APPX is an actively managed fund by Tradr. It was launched on Apr 24, 2025. TERG is an actively managed fund by Leverage Shares. It was launched on Nov 17, 2025.

Performance

APPX vs. TERG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long APP Daily ETF (APPX) and Leverage Shares 2X Long TER Daily ETF (TERG). The values are adjusted to include any dividend payments, if applicable.

APPX vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
APPX Tradr 2X Long APP Daily ETF	-74.21%	49.71%
TERG Leverage Shares 2X Long TER Daily ETF	102.79%	28.17%

Returns By Period

In the year-to-date period, APPX achieves a -74.21% return, which is significantly lower than TERG's 102.79% return.

APPX

• 1D: 13.92%
• 1M: -20.38%
• YTD: -74.21%
• 6M: -79.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TERG

• 1D: 14.40%
• 1M: -19.76%
• YTD: 102.79%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

APPX vs. TERG - Expense Ratio Comparison

APPX has a 1.30% expense ratio, which is higher than TERG's 0.75% expense ratio.

APPX

Tradr 2X Long APP Daily ETF

TERG

Leverage Shares 2X Long TER Daily ETF

Return for Risk

APPX vs. TERG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long APP Daily ETF (APPX) and Leverage Shares 2X Long TER Daily ETF (TERG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	APPX	TERG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	10.56	-10.48

Correlation

The correlation between APPX and TERG is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

APPX vs. TERG - Dividend Comparison

APPX's dividend yield for the trailing twelve months is around 36.38%, while TERG has not paid dividends to shareholders.

	TTM	2025
APPX Tradr 2X Long APP Daily ETF	36.38%	9.38%
TERG Leverage Shares 2X Long TER Daily ETF	0.00%	0.00%

Drawdowns

APPX vs. TERG - Drawdown Comparison

The maximum APPX drawdown since its inception was -82.40%, which is greater than TERG's maximum drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for APPX and TERG.

Drawdown Indicators

	APPX	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-82.40%	-39.32%	-43.08%
Current Drawdown Current decline from peak	-79.95%	-30.58%	-49.37%
Average Drawdown Average peak-to-trough decline	-30.59%	-9.77%	-20.82%

Volatility

Volatility by Period

	APPX	TERG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	142.56%	124.59%	+17.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	142.56%	124.59%	+17.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	142.56%	124.59%	+17.97%