ARMG vs. TERG

Last updated Jun 5, 2026

ARMG (Leverage Shares 2X Long ARM Daily ETF) and TERG (Leverage Shares 2X Long TER Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. At a 0.46 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

ARMG vs. TERG - Performance Comparison

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

Returns By Period

In the year-to-date period, ARMG achieves a 841.05% return, which is significantly higher than TERG's 225.36% return.

ARMG

• 1D: -9.19%
• 1M: 211.14%
• YTD: 841.05%
• 6M: 460.44%
• 1Y: 443.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TERG

• 1D: -1.30%
• 1M: 23.46%
• YTD: 225.36%
• 6M: 202.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ARMG vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
ARMG Leverage Shares 2X Long ARM Daily ETF	841.05%	-41.11%
TERG Leverage Shares 2X Long TER Daily ETF	225.36%	28.17%

Correlation

The correlation between ARMG and TERG is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.46

Return for Risk

ARMG vs. TERG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARMG

ARMG Risk / Return Rank: 81
ARMG Sharpe Ratio Rank: 93
ARMG Sortino Ratio Rank: 78
ARMG Omega Ratio Rank: 74
ARMG Calmar Ratio Rank: 93
ARMG Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARMG vs. TERG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long ARM Daily ETF (ARMG) 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.

	ARMG	TERG	Difference
Sharpe ratio: Return per unit of total volatility	3.43	—	—
Sortino ratio: Return per unit of downside risk	3.45	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	6.57	—	—
Martin ratio: Return relative to average drawdown	11.59	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ARMG	TERG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	9.47	-8.37

Drawdowns

ARMG vs. TERG - Drawdown Comparison

The maximum ARMG drawdown since its inception was -80.28%, which is greater than TERG's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for ARMG and TERG.

Drawdown Indicators

	ARMG	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-80.28%	-49.52%	-30.76%
Max Drawdown (1Y) Largest decline over 1 year	-68.13%	—	—
Current Drawdown Current decline from peak	-9.19%	-17.07%	+7.88%
Average Drawdown Average peak-to-trough decline	-52.91%	-13.75%	-39.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	38.55%	—	—

Volatility

Volatility by Period

	ARMG	TERG	Difference
Volatility (1M) Calculated over the trailing 1-month period	66.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	104.49%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	130.67%	138.78%	-8.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	138.36%	138.78%	-0.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	138.36%	138.78%	-0.42%

ARMG vs. TERG - Expense Ratio Comparison

Both ARMG and TERG have an expense ratio of 0.75%.

Dividends

ARMG vs. TERG - Dividend Comparison

ARMG's dividend yield for the trailing twelve months is around 0.52%, while TERG has not paid dividends to shareholders.

Position	TTM	2025
ARMG Leverage Shares 2X Long ARM Daily ETF	0.52%	4.86%
TERG Leverage Shares 2X Long TER Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both ARMG and TERG in my portfolio?

ARMG and TERG have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ARMG or TERG?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ARMG or TERG?

ARMG and TERG have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, ARMG or TERG?

ARMG has the higher dividend yield at 0.52%, compared with 0.00% for TERG.