EET vs. TERG

Last updated Jun 4, 2026

EET (ProShares Ultra MSCI Emerging Markets) and TERG (Leverage Shares 2X Long TER Daily ETF) are both Leveraged Equities funds. EET is passively managed, while TERG is actively managed. A 0.68 correlation means they provide meaningful diversification when combined. EET charges 0.95%/yr vs 0.75%/yr for TERG.

Performance

EET vs. TERG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra MSCI Emerging Markets (EET) 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, EET achieves a 54.14% return, which is significantly lower than TERG's 229.64% return.

EET

• 1D: -2.52%
• 1M: 17.51%
• YTD: 54.14%
• 6M: 60.18%
• 1Y: 118.88%
• 3Y*: 38.53%
• 5Y*: 4.07%
• 10Y*: 11.03%

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)

EET vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
EET ProShares Ultra MSCI Emerging Markets	54.14%	3.65%
TERG Leverage Shares 2X Long TER Daily ETF	229.64%	28.17%

Correlation

The correlation between EET and TERG is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.68

Return for Risk

EET vs. TERG — Risk / Return Rank

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

EET

EET Risk / Return Rank: 81
EET Sharpe Ratio Rank: 88
EET Sortino Ratio Rank: 73
EET Omega Ratio Rank: 77
EET Calmar Ratio Rank: 84
EET Martin Ratio Rank: 82

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.

EET vs. TERG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Emerging Markets (EET) 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.

	EET	TERG	Difference
Sharpe ratio: Return per unit of total volatility	3.02	—	—
Sortino ratio: Return per unit of downside risk	3.33	—	—
Omega ratio: Gain probability vs. loss probability	1.46	—	—
Calmar ratio: Return relative to maximum drawdown	4.53	—	—
Martin ratio: Return relative to average drawdown	16.64	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	EET	TERG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.02	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	9.90	-9.78

Drawdowns

EET vs. TERG - Drawdown Comparison

The maximum EET drawdown since its inception was -71.66%, which is greater than TERG's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for EET and TERG.

Drawdown Indicators

	EET	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-71.66%	-49.52%	-22.14%
Max Drawdown (1Y) Largest decline over 1 year	-26.38%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-34.89%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-64.88%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-69.07%	—	—
Current Drawdown Current decline from peak	-2.52%	-15.98%	+13.46%
Average Drawdown Average peak-to-trough decline	-37.27%	-13.73%	-23.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.17%	—	—

Volatility

Volatility by Period

	EET	TERG	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.46%	—	—
Volatility (6M) Calculated over the trailing 6-month period	34.52%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	39.66%	139.25%	-99.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.78%	139.25%	-101.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.60%	139.25%	-98.65%

EET vs. TERG - Expense Ratio Comparison

EET has a 0.95% expense ratio, which is higher than TERG's 0.75% expense ratio.

Dividends

EET vs. TERG - Dividend Comparison

EET's dividend yield for the trailing twelve months is around 1.23%, while TERG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EET ProShares Ultra MSCI Emerging Markets	1.23%	1.82%	3.85%	2.14%	0.00%	0.00%	0.01%	1.40%	0.16%
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

Can I hold both EET and TERG in my portfolio?

EET and TERG have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EET 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, EET or TERG?

TERG is cheaper with a 0.75% expense ratio, compared with 0.95% for EET.

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

EET has the higher dividend yield at 1.23%, compared with 0.00% for TERG.

What is the main difference between EET and TERG?

They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for EET and 0.75% for TERG.