QID vs. TERG

Last updated Jun 23, 2026

QID (ProShares UltraShort QQQ) and TERG (Leverage Shares 2X Long TER Daily ETF) are both Leveraged Equities funds. QID is passively managed, while TERG is actively managed. At a correlation of -0.69, they often move in opposite directions. QID charges 0.95%/yr vs 0.75%/yr for TERG.

Performance

QID vs. TERG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort QQQ (QID) 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, QID achieves a -31.93% return, which is significantly lower than TERG's 288.74% return.

QID

• 1D: 0.22%
• 1M: -6.88%
• YTD: -31.93%
• 6M: -30.64%
• 1Y: -49.05%
• 3Y*: -38.43%
• 5Y*: -31.45%
• 10Y*: -39.47%

TERG

• 1D: 8.68%
• 1M: 51.45%
• YTD: 288.74%
• 6M: 274.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QID vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
QID ProShares UltraShort QQQ	-31.93%	-1.62%
TERG Leverage Shares 2X Long TER Daily ETF	288.74%	20.91%

Correlation

The correlation between QID and TERG is -0.69, 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 17, 2025	-0.69

Return for Risk

QID vs. TERG — Risk / Return Rank

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

QID

QID Risk / Return Rank: 0
QID Sharpe Ratio Rank: 0
QID Sortino Ratio Rank: 0
QID Omega Ratio Rank: 0
QID Calmar Ratio Rank: 0
QID Martin Ratio Rank: 0

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.

QID vs. TERG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort QQQ (QID) 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.

	QID	TERG	Difference
Sharpe ratio: Return per unit of total volatility	-1.40	—	—
Sortino ratio: Return per unit of downside risk	-2.37	—	—
Omega ratio: Gain probability vs. loss probability	0.75	—	—
Calmar ratio: Return relative to maximum drawdown	-1.01	—	—
Martin ratio: Return relative to average drawdown	-1.94	—	—

Drawdowns

QID vs. TERG - Drawdown Comparison

The maximum QID drawdown since its inception was -99.99%, which is greater than TERG's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for QID and TERG.

Drawdown Indicators

	QID	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-99.99%	-49.52%	-50.47%
Max Drawdown (1Y) Largest decline over 1 year	-48.52%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-79.50%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-88.72%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.37%	—	—
Current Drawdown Current decline from peak	-99.99%	-0.91%	-99.08%
Average Drawdown Average peak-to-trough decline	-87.02%	-14.57%	-72.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.66%	—	—

Volatility

Volatility by Period

	QID	TERG	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.52%	—	—
Volatility (6M) Calculated over the trailing 6-month period	28.23%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	35.23%	144.61%	-109.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.26%	144.61%	-99.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.81%	144.61%	-99.80%

QID vs. TERG - Expense Ratio Comparison

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

Dividends

QID vs. TERG - Dividend Comparison

QID's dividend yield for the trailing twelve months is around 7.63%, while TERG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
QID ProShares UltraShort QQQ	7.63%	6.25%	7.99%	5.63%	0.15%	0.00%	0.92%	2.54%	1.38%	0.08%
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%	0.00%

Frequently Asked Questions

Can I hold both QID and TERG in my portfolio?

QID and TERG have a correlation of -0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QID 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, QID or TERG?

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

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

QID has the higher dividend yield at 7.63%, compared with 0.00% for TERG.

What is the main difference between QID and TERG?

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