IBMQ vs. TERG

Last updated Jun 24, 2026

IBMQ (iShares iBonds Dec 2028 Term Muni Bond ETF) and TERG (Leverage Shares 2X Long TER Daily ETF) are both exchange-traded funds - IBMQ is a Municipal Bonds fund tracking the S&P AMT-Free Municipal Series Callable-Adjusted Dec 2028 Index, while TERG is a Leveraged Equities fund actively managed by Leverage Shares. IBMQ is passively managed, while TERG is actively managed. At a 0.09 correlation, their price movements are largely independent. IBMQ charges 0.18%/yr vs 0.75%/yr for TERG.

Performance

IBMQ vs. TERG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2028 Term Muni Bond ETF (IBMQ) 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, IBMQ achieves a 0.93% return, which is significantly lower than TERG's 227.50% return.

IBMQ

• 1D: 0.00%
• 1M: 0.52%
• YTD: 0.93%
• 6M: 1.12%
• 1Y: 3.24%
• 3Y*: 2.84%
• 5Y*: 0.55%
• 10Y*: —

TERG

• 1D: -15.75%
• 1M: 27.59%
• YTD: 227.50%
• 6M: 210.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBMQ vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
IBMQ iShares iBonds Dec 2028 Term Muni Bond ETF	0.93%	0.70%
TERG Leverage Shares 2X Long TER Daily ETF	227.50%	20.91%

Correlation

The correlation between IBMQ and TERG is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.09

Return for Risk

IBMQ vs. TERG — Risk / Return Rank

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

IBMQ

IBMQ Risk / Return Rank: 78
IBMQ Sharpe Ratio Rank: 90
IBMQ Sortino Ratio Rank: 93
IBMQ Omega Ratio Rank: 92
IBMQ Calmar Ratio Rank: 64
IBMQ Martin Ratio Rank: 49

TERG

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

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.

IBMQ vs. TERG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2028 Term Muni Bond ETF (IBMQ) 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.

	IBMQ	TERG	Difference
Sharpe ratio: Return per unit of total volatility	2.74	—	—
Sortino ratio: Return per unit of downside risk	4.13	—	—
Omega ratio: Gain probability vs. loss probability	1.57	—	—
Calmar ratio: Return relative to maximum drawdown	2.89	—	—
Martin ratio: Return relative to average drawdown	7.58	—	—

Drawdowns

IBMQ vs. TERG - Drawdown Comparison

The maximum IBMQ drawdown since its inception was -15.85%, smaller than the maximum TERG drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for IBMQ and TERG.

Drawdown Indicators

	IBMQ	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-15.85%	-49.52%	+33.67%
Max Drawdown (1Y) Largest decline over 1 year	-1.13%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-3.57%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-11.51%	—	—
Current Drawdown Current decline from peak	-0.09%	-16.52%	+16.43%
Average Drawdown Average peak-to-trough decline	-3.23%	-14.58%	+11.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.43%	—	—

Volatility

Volatility by Period

	IBMQ	TERG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.87%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.19%	145.85%	-144.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.95%	145.85%	-142.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.53%	145.85%	-140.32%

IBMQ vs. TERG - Expense Ratio Comparison

IBMQ has a 0.18% expense ratio, which is lower than TERG's 0.75% expense ratio.

Dividends

IBMQ vs. TERG - Dividend Comparison

IBMQ's dividend yield for the trailing twelve months is around 2.44%, while TERG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IBMQ iShares iBonds Dec 2028 Term Muni Bond ETF	2.44%	2.43%	2.33%	1.93%	1.25%	1.05%	1.24%	1.03%
TERG Leverage Shares 2X Long TER Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBMQ and TERG in my portfolio?

IBMQ and TERG have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBMQ or TERG?

On fees, IBMQ is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBMQ or TERG?

IBMQ is cheaper with a 0.18% expense ratio, compared with 0.75% for TERG.

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

IBMQ has the higher dividend yield at 2.44%, compared with 0.00% for TERG.

What is the main difference between IBMQ and TERG?

IBMQ is categorized as Municipal Bonds, while TERG is Leveraged Equities. They also come from different issuers: iShares and Leverage Shares. Their fees differ too: 0.18% for IBMQ and 0.75% for TERG.