RXD vs. TERG

Last updated Jun 5, 2026

RXD (ProShares UltraShort Health Care) and TERG (Leverage Shares 2X Long TER Daily ETF) are both Leveraged Equities funds. RXD is passively managed, while TERG is actively managed. At a correlation of -0.24, they often move in opposite directions. RXD charges 0.95%/yr vs 0.75%/yr for TERG.

Performance

RXD vs. TERG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Health Care (RXD) 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, RXD achieves a 4.25% return, which is significantly lower than TERG's 225.36% return.

RXD

• 1D: -5.76%
• 1M: -8.56%
• YTD: 4.25%
• 6M: 2.28%
• 1Y: -22.97%
• 3Y*: -6.72%
• 5Y*: -7.99%
• 10Y*: -19.08%

TERG

• 1D: -1.30%
• 1M: 23.46%
• YTD: 225.36%
• 6M: 202.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RXD vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
RXD ProShares UltraShort Health Care	4.25%	-4.40%
TERG Leverage Shares 2X Long TER Daily ETF	225.36%	28.17%

Correlation

The correlation between RXD and TERG is -0.24, 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	-0.24

Return for Risk

RXD vs. TERG — Risk / Return Rank

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

RXD

RXD Risk / Return Rank: 3
RXD Sharpe Ratio Rank: 3
RXD Sortino Ratio Rank: 3
RXD Omega Ratio Rank: 3
RXD Calmar Ratio Rank: 3
RXD Martin Ratio Rank: 4

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.

RXD vs. TERG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Health Care (RXD) 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.

	RXD	TERG	Difference
Sharpe ratio: Return per unit of total volatility	-0.77	—	—
Sortino ratio: Return per unit of downside risk	-0.93	—	—
Omega ratio: Gain probability vs. loss probability	0.89	—	—
Calmar ratio: Return relative to maximum drawdown	-0.67	—	—
Martin ratio: Return relative to average drawdown	-1.04	—	—
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

	RXD	TERG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.77	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.27	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.65	9.47	-10.12

Drawdowns

RXD vs. TERG - Drawdown Comparison

The maximum RXD drawdown since its inception was -99.65%, which is greater than TERG's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for RXD and TERG.

Drawdown Indicators

	RXD	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-99.65%	-49.52%	-50.13%
Max Drawdown (1Y) Largest decline over 1 year	-34.63%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-36.60%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-40.53%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-90.64%	—	—
Current Drawdown Current decline from peak	-99.61%	-17.07%	-82.54%
Average Drawdown Average peak-to-trough decline	-81.88%	-13.75%	-68.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.14%	—	—

Volatility

Volatility by Period

	RXD	TERG	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.87%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	30.03%	138.78%	-108.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.85%	138.78%	-108.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.00%	138.78%	-105.78%

RXD vs. TERG - Expense Ratio Comparison

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

Dividends

RXD vs. TERG - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
RXD ProShares UltraShort Health Care	2.69%	3.29%	4.36%	3.17%	0.67%	0.00%	0.17%	1.73%	0.22%
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%

Frequently Asked Questions

Can I hold both RXD and TERG in my portfolio?

RXD and TERG have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RXD 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, RXD or TERG?

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

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

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

What is the main difference between RXD and TERG?

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