DUOG vs. TERG

Last updated Jun 4, 2026

DUOG (Leverage Shares 2X Long DUOL 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 correlation of -0.13, they often move in opposite directions. Both charge a 0.75% expense ratio.

Performance

DUOG vs. TERG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long DUOL Daily ETF (DUOG) 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, DUOG achieves a -70.05% return, which is significantly lower than TERG's 229.64% return.

DUOG

• 1D: -4.87%
• 1M: -9.05%
• YTD: -70.05%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TERG

• 1D: 8.49%
• 1M: 39.95%
• YTD: 229.64%
• 6M: 218.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DUOG vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
DUOG Leverage Shares 2X Long DUOL Daily ETF	-70.05%	-24.80%
TERG Leverage Shares 2X Long TER Daily ETF	229.64%	-11.10%

Correlation

The correlation between DUOG and TERG is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 12, 2025	-0.13

Return for Risk

DUOG vs. TERG - Risk-Adjusted Trends Comparison

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

	DUOG	TERG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.83	9.90	-10.73

Drawdowns

DUOG vs. TERG - Drawdown Comparison

The maximum DUOG drawdown since its inception was -83.06%, which is greater than TERG's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for DUOG and TERG.

Drawdown Indicators

	DUOG	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-83.06%	-49.52%	-33.54%
Current Drawdown Current decline from peak	-77.48%	-15.98%	-61.50%
Average Drawdown Average peak-to-trough decline	-63.60%	-13.73%	-49.87%

Volatility

Volatility by Period

	DUOG	TERG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	115.53%	139.25%	-23.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	115.53%	139.25%	-23.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	115.53%	139.25%	-23.72%

DUOG vs. TERG - Expense Ratio Comparison

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

Dividends

DUOG vs. TERG - Dividend Comparison

Neither DUOG nor TERG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DUOG and TERG in my portfolio?

DUOG and TERG have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DUOG 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, DUOG or TERG?

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

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

DUOG and TERG have nearly identical dividend yields, around 0.00%.