REW vs. TERG

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares UltraShort Technology (REW) and Leverage Shares 2X Long TER Daily ETF (TERG).

REW and TERG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. REW is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Technology Index (-200%). It was launched on Jan 30, 2007. TERG is an actively managed fund by Leverage Shares. It was launched on Nov 17, 2025.

Performance

REW vs. TERG - Performance Comparison

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

REW vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
REW ProShares UltraShort Technology	10.53%	-3.50%
TERG Leverage Shares 2X Long TER Daily ETF	124.98%	28.17%

Returns By Period

In the year-to-date period, REW achieves a 10.53% return, which is significantly lower than TERG's 124.98% return.

REW

• 1D: -3.28%
• 1M: 5.09%
• YTD: 10.53%
• 6M: 6.66%
• 1Y: -48.43%
• 3Y*: -36.26%
• 5Y*: -31.94%
• 10Y*: -40.72%

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)

REW vs. TERG - Expense Ratio Comparison

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

REW

ProShares UltraShort Technology

TERG

Leverage Shares 2X Long TER Daily ETF

Return for Risk

REW vs. TERG — Risk / Return Rank

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

REW

REW Risk / Return Rank: 2
REW Sharpe Ratio Rank: 1
REW Sortino Ratio Rank: 1
REW Omega Ratio Rank: 1
REW Calmar Ratio Rank: 2
REW Martin Ratio Rank: 5

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.

REW vs. TERG - Risk-Adjusted Trends Comparison

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

	REW	TERG	Difference
Sharpe ratio Return per unit of total volatility	-0.90	—	—
Sortino ratio Return per unit of downside risk	-1.26	—	—
Omega ratio Gain probability vs. loss probability	0.83	—	—
Calmar ratio Return relative to maximum drawdown	-0.73	—	—
Martin ratio Return relative to average drawdown	-0.86	—	—
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

	REW	TERG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.90	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.63	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.84	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.74	13.84	-14.58

Correlation

The correlation between REW and TERG is -0.74. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

REW vs. TERG - Dividend Comparison

REW's dividend yield for the trailing twelve months is around 5.15%, while TERG has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
REW ProShares UltraShort Technology	5.15%	6.69%	5.68%	5.97%	0.65%	0.00%	0.27%	1.80%	0.51%
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%

Drawdowns

REW vs. TERG - Drawdown Comparison

The maximum REW drawdown since its inception was -99.99%, which is greater than TERG's maximum drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for REW and TERG.

Drawdown Indicators

	REW	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-99.99%	-39.32%	-60.67%
Max Drawdown (1Y) Largest decline over 1 year	-67.44%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-88.56%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.62%	—	—
Current Drawdown Current decline from peak	-99.99%	-22.98%	-77.01%
Average Drawdown Average peak-to-trough decline	-86.76%	-9.92%	-76.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	56.64%	—	—

Volatility

Volatility by Period

	REW	TERG	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.64%	—	—
Volatility (6M) Calculated over the trailing 6-month period	33.04%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	54.03%	124.92%	-70.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.29%	124.92%	-73.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.53%	124.92%	-76.39%