KLAG vs. TERG

Last updated Jun 5, 2026

KLAG (Leverage Shares 2X Long KLAC Daily ETF) and TERG (Leverage Shares 2X Long TER Daily ETF) are both Leveraged Equities funds from Leverage Shares. KLAG is passively managed, while TERG is actively managed. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

KLAG vs. TERG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long KLAC Daily ETF (KLAG) 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, KLAG achieves a 156.16% return, which is significantly lower than TERG's 225.36% return.

KLAG

• 1D: 0.41%
• 1M: 47.07%
• YTD: 156.16%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TERG

• 1D: -1.30%
• 1M: 23.46%
• YTD: 225.36%
• 6M: 202.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KLAG vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
KLAG Leverage Shares 2X Long KLAC Daily ETF	156.16%	-1.92%
TERG Leverage Shares 2X Long TER Daily ETF	225.36%	2.42%

Correlation

The correlation between KLAG 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 Dec 19, 2025	0.68

Return for Risk

KLAG vs. TERG - Risk-Adjusted Trends Comparison

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

	KLAG	TERG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	6.15	9.47	-3.32

Drawdowns

KLAG vs. TERG - Drawdown Comparison

The maximum KLAG drawdown since its inception was -42.37%, smaller than the maximum TERG drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for KLAG and TERG.

Drawdown Indicators

	KLAG	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-42.37%	-49.52%	+7.15%
Current Drawdown Current decline from peak	0.00%	-17.07%	+17.07%
Average Drawdown Average peak-to-trough decline	-15.46%	-13.75%	-1.71%

Volatility

Volatility by Period

	KLAG	TERG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	108.73%	138.78%	-30.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	108.73%	138.78%	-30.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	108.73%	138.78%	-30.05%

KLAG vs. TERG - Expense Ratio Comparison

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

Dividends

KLAG vs. TERG - Dividend Comparison

Neither KLAG nor TERG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both KLAG and TERG in my portfolio?

KLAG 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, KLAG 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, KLAG or TERG?

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

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

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