METD vs. TERG

Last updated Jun 4, 2026

METD (Direxion Daily META Bear 1X ETF) and TERG (Leverage Shares 2X Long TER Daily ETF) are both exchange-traded funds - METD is a Inverse Equities fund actively managed by Direxion, while TERG is a Leveraged Equities fund actively managed by Leverage Shares. Both are actively managed. At a correlation of -0.26, they often move in opposite directions. METD charges 1.00%/yr vs 0.75%/yr for TERG.

Performance

METD vs. TERG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily META Bear 1X ETF (METD) 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, METD achieves a 1.66% return, which is significantly lower than TERG's 229.64% return.

METD

• 1D: -4.20%
• 1M: -2.14%
• YTD: 1.66%
• 6M: -1.28%
• 1Y: 1.14%
• 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)

METD vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
METD Direxion Daily META Bear 1X ETF	1.66%	-8.77%
TERG Leverage Shares 2X Long TER Daily ETF	229.64%	28.17%

Correlation

The correlation between METD and TERG is -0.26, 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 Nov 18, 2025	-0.26

Return for Risk

METD vs. TERG — Risk / Return Rank

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

METD

METD Risk / Return Rank: 10
METD Sharpe Ratio Rank: 10
METD Sortino Ratio Rank: 10
METD Omega Ratio Rank: 11
METD Calmar Ratio Rank: 10
METD Martin Ratio Rank: 9

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.

METD vs. TERG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily META Bear 1X ETF (METD) 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.

	METD	TERG	Difference
Sharpe ratio Return per unit of total volatility	0.03	—	—
Sortino ratio Return per unit of downside risk	0.29	—	—
Omega ratio Gain probability vs. loss probability	1.04	—	—
Calmar ratio Return relative to maximum drawdown	0.05	—	—
Martin ratio Return relative to average drawdown	0.11	—	—
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

	METD	TERG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.44	9.90	-10.34

Drawdowns

METD vs. TERG - Drawdown Comparison

The maximum METD drawdown since its inception was -46.03%, smaller than the maximum TERG drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for METD and TERG.

Drawdown Indicators

	METD	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-46.03%	-49.52%	+3.49%
Max Drawdown (1Y) Largest decline over 1 year	-24.38%	—	—
Current Drawdown Current decline from peak	-34.66%	-15.98%	-18.68%
Average Drawdown Average peak-to-trough decline	-28.61%	-13.73%	-14.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.35%	—	—

Volatility

Volatility by Period

	METD	TERG	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.85%	—	—
Volatility (6M) Calculated over the trailing 6-month period	27.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	35.57%	139.25%	-103.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.41%	139.25%	-102.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.41%	139.25%	-102.84%

METD vs. TERG - Expense Ratio Comparison

METD has a 1.00% expense ratio, which is higher than TERG's 0.75% expense ratio.

Dividends

METD vs. TERG - Dividend Comparison

METD's dividend yield for the trailing twelve months is around 2.69%, while TERG has not paid dividends to shareholders.

Position	TTM	2025	2024
METD Direxion Daily META Bear 1X ETF	2.69%	3.35%	2.30%
TERG Leverage Shares 2X Long TER Daily ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both METD and TERG in my portfolio?

METD and TERG have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, METD 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, METD or TERG?

TERG is cheaper with a 0.75% expense ratio, compared with 1.00% for METD.

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

METD has the higher dividend yield at 2.69%, compared with 0.00% for TERG.

What is the main difference between METD and TERG?

METD is categorized as Inverse Equities, while TERG is Leveraged Equities. They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.00% for METD and 0.75% for TERG.