LMBO vs. TERG

Last updated Jun 5, 2026

LMBO (Direxion Daily Crypto Industry Bull 2X Shares ETF) and TERG (Leverage Shares 2X Long TER Daily ETF) are both Leveraged Equities funds. LMBO is passively managed, while TERG is actively managed. At a 0.42 correlation, their price movements are largely independent. LMBO charges 0.98%/yr vs 0.75%/yr for TERG.

Performance

LMBO vs. TERG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Crypto Industry Bull 2X Shares ETF (LMBO) and Leverage Shares 2X Long TER Daily ETF (TERG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LMBO

• 1D: —
• 1M: —
• YTD: —
• 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)

LMBO vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
LMBO Direxion Daily Crypto Industry Bull 2X Shares ETF	-13.58%	-8.57%
TERG Leverage Shares 2X Long TER Daily ETF	225.36%	28.17%

Correlation

The correlation between LMBO and TERG is 0.42, 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	0.42

Return for Risk

LMBO vs. TERG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Crypto Industry Bull 2X Shares ETF (LMBO) 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

	LMBO	TERG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	9.47	—

Drawdowns

Drawdown Indicators

	LMBO	TERG	Difference
Max Drawdown Largest peak-to-trough decline	—	-49.52%	—
Current Drawdown Current decline from peak	—	-17.07%	—
Average Drawdown Average peak-to-trough decline	—	-13.75%	—

Volatility

Volatility by Period

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

LMBO vs. TERG - Expense Ratio Comparison

LMBO has a 0.98% expense ratio, which is higher than TERG's 0.75% expense ratio.

Dividends

LMBO vs. TERG - Dividend Comparison

LMBO's dividend yield for the trailing twelve months is around 5.30%, while TERG has not paid dividends to shareholders.

Position	TTM	2025	2024
LMBO Direxion Daily Crypto Industry Bull 2X Shares ETF	5.30%	4.71%	0.24%
TERG Leverage Shares 2X Long TER Daily ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LMBO and TERG in my portfolio?

LMBO and TERG have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LMBO 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, LMBO or TERG?

TERG is cheaper with a 0.75% expense ratio, compared with 0.98% for LMBO.

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

LMBO has the higher dividend yield at 5.30%, compared with 0.00% for TERG.

What is the main difference between LMBO and TERG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.98% for LMBO and 0.75% for TERG.