DRIP vs. TERG
DRIP (Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares) and TERG (Leverage Shares 2X Long TER Daily ETF) are both Leveraged Equities funds. DRIP is passively managed, while TERG is actively managed. At a 0.12 correlation, their price movements are largely independent. DRIP charges 1.07%/yr vs 0.75%/yr for TERG.
Performance
DRIP vs. TERG - Performance Comparison
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Returns By Period
In the year-to-date period, DRIP achieves a -50.45% return, which is significantly lower than TERG's 229.64% return.
DRIP
- 1D
- -3.05%
- 1M
- 9.61%
- YTD
- -50.45%
- 6M
- -43.03%
- 1Y
- -56.10%
- 3Y*
- -30.92%
- 5Y*
- -41.62%
- 10Y*
- -42.95%
TERG
- 1D
- 8.49%
- 1M
- 39.95%
- YTD
- 229.64%
- 6M
- 218.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DRIP vs. TERG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | -50.45% | 6.34% |
TERG Leverage Shares 2X Long TER Daily ETF | 229.64% | 28.17% |
Correlation
The correlation between DRIP and TERG is 0.12, 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 | 0.12 |
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Return for Risk
DRIP vs. TERG — Risk / Return Rank
DRIP
TERG
DRIP vs. TERG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) 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.
| DRIP | TERG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.83 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | — | — |
| Martin ratioReturn relative to average drawdown | -1.64 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DRIP | TERG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.01 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.61 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.42 | 9.90 | -10.32 |
Drawdowns
DRIP vs. TERG - Drawdown Comparison
The maximum DRIP drawdown since its inception was -99.95%, which is greater than TERG's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for DRIP and TERG.
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Drawdown Indicators
| DRIP | TERG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.95% | -49.52% | -50.43% |
Max Drawdown (1Y)Largest decline over 1 year | -63.84% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -76.02% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -96.24% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.92% | — | — |
Current DrawdownCurrent decline from peak | -99.94% | -15.98% | -83.96% |
Average DrawdownAverage peak-to-trough decline | -90.45% | -13.73% | -76.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.12% | — | — |
Volatility
DRIP vs. TERG - Volatility Comparison
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Volatility by Period
| DRIP | TERG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.66% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 43.05% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 55.64% | 139.25% | -83.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.36% | 139.25% | -70.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.59% | 139.25% | -42.66% |
DRIP vs. TERG - Expense Ratio Comparison
DRIP has a 1.07% expense ratio, which is higher than TERG's 0.75% expense ratio.
Dividends
DRIP vs. TERG - Dividend Comparison
DRIP's dividend yield for the trailing twelve months is around 3.99%, while TERG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 3.99% | 2.86% | 4.38% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% |
TERG Leverage Shares 2X Long TER Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DRIP and TERG have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
TERG is cheaper with a 0.75% expense ratio, compared with 1.07% for DRIP.
DRIP has the higher dividend yield at 3.99%, compared with 0.00% for TERG.
They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.07% for DRIP and 0.75% for TERG.
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