QQXL vs. TERG

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares Ultra QQQ Top 30 (QQXL) and Leverage Shares 2X Long TER Daily ETF (TERG).

QQXL and TERG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQXL is an actively managed fund by ProShares. It was launched on Aug 13, 2025. TERG is an actively managed fund by Leverage Shares. It was launched on Nov 17, 2025.

Performance

QQXL vs. TERG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra QQQ Top 30 (QQXL) and Leverage Shares 2X Long TER Daily ETF (TERG). The values are adjusted to include any dividend payments, if applicable.

QQXL vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
QQXL ProShares Ultra QQQ Top 30	-12.08%	1.81%
TERG Leverage Shares 2X Long TER Daily ETF	124.98%	28.17%

Returns By Period

In the year-to-date period, QQXL achieves a -12.08% return, which is significantly lower than TERG's 124.98% return.

QQXL

• 1D: 2.82%
• 1M: -7.39%
• YTD: -12.08%
• 6M: -10.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TERG

• 1D: 10.94%
• 1M: -13.61%
• YTD: 124.98%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQXL vs. TERG - Expense Ratio Comparison

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

QQXL

ProShares Ultra QQQ Top 30

TERG

Leverage Shares 2X Long TER Daily ETF

Return for Risk

QQXL vs. TERG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ Top 30 (QQXL) 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

	QQXL	TERG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.19	13.84	-14.03

Correlation

The correlation between QQXL and TERG is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

QQXL vs. TERG - Dividend Comparison

QQXL's dividend yield for the trailing twelve months is around 0.73%, while TERG has not paid dividends to shareholders.

	TTM	2025
QQXL ProShares Ultra QQQ Top 30	0.73%	0.08%
TERG Leverage Shares 2X Long TER Daily ETF	0.00%	0.00%

Drawdowns

QQXL vs. TERG - Drawdown Comparison

The maximum QQXL drawdown since its inception was -27.34%, smaller than the maximum TERG drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for QQXL and TERG.

Drawdown Indicators

	QQXL	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-27.34%	-39.32%	+11.98%
Current Drawdown Current decline from peak	-19.73%	-22.98%	+3.25%
Average Drawdown Average peak-to-trough decline	-7.69%	-9.92%	+2.23%

Volatility

Volatility by Period

	QQXL	TERG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	36.70%	124.92%	-88.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.70%	124.92%	-88.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.70%	124.92%	-88.22%