QQXL vs. TERG
QQXL (ProShares Ultra QQQ Top 30) and TERG (Leverage Shares 2X Long TER Daily ETF) are both Leveraged Equities funds. Both are actively managed. A 0.73 correlation means they provide meaningful diversification when combined. QQXL charges 0.95%/yr vs 0.75%/yr for TERG.
Performance
QQXL vs. TERG - Performance Comparison
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Returns By Period
In the year-to-date period, QQXL achieves a 23.10% return, which is significantly lower than TERG's 74.08% return.
QQXL
- 1D
- -2.68%
- 1M
- -7.40%
- 6M
- 21.02%
- YTD
- 23.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TERG
- 1D
- -0.38%
- 1M
- -44.74%
- 6M
- 27.63%
- YTD
- 74.08%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQXL vs. TERG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQXL ProShares Ultra QQQ Top 30 | 23.10% | -0.19% |
TERG Leverage Shares 2X Long TER Daily ETF | 74.08% | 20.91% |
Correlation
The correlation between QQXL and TERG is 0.73, 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 Nov 17, 2025 | 0.73 |
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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.
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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
QQXL vs. TERG - Drawdown Comparison
The maximum QQXL drawdown since its inception was -27.34%, smaller than the maximum TERG drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for QQXL and TERG.
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Drawdown Indicators
| QQXL | TERG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.34% | -59.05% | +31.71% |
Current DrawdownCurrent decline from peak | -14.79% | -59.05% | +44.26% |
Average DrawdownAverage peak-to-trough decline | -6.99% | -16.81% | +9.82% |
Volatility
QQXL vs. TERG - Volatility Comparison
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Volatility by Period
| QQXL | TERG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 41.47% | 154.46% | -112.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.47% | 154.46% | -112.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.47% | 154.46% | -112.99% |
QQXL vs. TERG - Expense Ratio Comparison
QQXL has a 0.95% expense ratio, which is higher than TERG's 0.75% expense ratio.
Dividends
QQXL vs. TERG - Dividend Comparison
QQXL's dividend yield for the trailing twelve months is around 0.82%, while TERG has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
QQXL ProShares Ultra QQQ Top 30 | 0.82% | 0.08% |
TERG Leverage Shares 2X Long TER Daily ETF | 0.00% | 0.00% |
Frequently Asked Questions
QQXL and TERG have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
TERG is cheaper with a 0.75% expense ratio, compared with 0.95% for QQXL.
QQXL has the higher dividend yield at 0.82%, compared with 0.00% for TERG.
They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for QQXL and 0.75% for TERG.
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