CONX vs. TERG

Last updated Jun 23, 2026

CONX (Direxion Daily COIN Bull 2X ETF) and TERG (Leverage Shares 2X Long TER Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.37 correlation, their price movements are largely independent. CONX charges 0.97%/yr vs 0.75%/yr for TERG.

Performance

CONX vs. TERG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily COIN Bull 2X ETF (CONX) 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, CONX achieves a -62.11% return, which is significantly lower than TERG's 288.74% return.

CONX

• 1D: 1.71%
• 1M: -24.09%
• YTD: -62.11%
• 6M: -68.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TERG

• 1D: 8.68%
• 1M: 51.45%
• YTD: 288.74%
• 6M: 274.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CONX vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
CONX Direxion Daily COIN Bull 2X ETF	-62.11%	-21.90%
TERG Leverage Shares 2X Long TER Daily ETF	288.74%	33.96%

Correlation

The correlation between CONX and TERG is 0.37, 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 19, 2025	0.37

Return for Risk

CONX vs. TERG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily COIN Bull 2X ETF (CONX) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

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

Drawdowns

CONX vs. TERG - Drawdown Comparison

The maximum CONX drawdown since its inception was -78.48%, which is greater than TERG's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for CONX and TERG.

Drawdown Indicators

	CONX	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-78.48%	-49.52%	-28.96%
Current Drawdown Current decline from peak	-75.31%	-0.91%	-74.40%
Average Drawdown Average peak-to-trough decline	-50.76%	-14.57%	-36.19%

Volatility

Volatility by Period

	CONX	TERG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	144.01%	144.61%	-0.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	144.01%	144.61%	-0.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	144.01%	144.61%	-0.60%

CONX vs. TERG - Expense Ratio Comparison

CONX has a 0.97% expense ratio, which is higher than TERG's 0.75% expense ratio.

Dividends

CONX vs. TERG - Dividend Comparison

CONX's dividend yield for the trailing twelve months is around 2.14%, while TERG has not paid dividends to shareholders.

Position	TTM	2025
CONX Direxion Daily COIN Bull 2X ETF	2.14%	0.42%
TERG Leverage Shares 2X Long TER Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both CONX and TERG in my portfolio?

CONX and TERG have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CONX or TERG?

On fees, TERG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CONX or TERG?

TERG is cheaper with a 0.75% expense ratio, compared with 0.97% for CONX.

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

CONX has the higher dividend yield at 2.14%, compared with 0.00% for TERG.

What is the main difference between CONX and TERG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.97% for CONX and 0.75% for TERG.