SKF vs. TERG

Last updated Jun 4, 2026

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

Performance

SKF vs. TERG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Financials (SKF) 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, SKF achieves a 15.68% return, which is significantly lower than TERG's 229.64% return.

SKF

• 1D: 2.34%
• 1M: 3.32%
• YTD: 15.68%
• 6M: 10.42%
• 1Y: 2.16%
• 3Y*: -24.34%
• 5Y*: -15.11%
• 10Y*: -25.91%

TERG

• 1D: 8.49%
• 1M: 39.95%
• YTD: 229.64%
• 6M: 218.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SKF vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
SKF ProShares UltraShort Financials	15.68%	-11.78%
TERG Leverage Shares 2X Long TER Daily ETF	229.64%	28.17%

Correlation

The correlation between SKF 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

SKF vs. TERG — Risk / Return Rank

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

SKF

SKF Risk / Return Rank: 10
SKF Sharpe Ratio Rank: 10
SKF Sortino Ratio Rank: 11
SKF Omega Ratio Rank: 10
SKF Calmar Ratio Rank: 10
SKF Martin Ratio Rank: 10

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.

SKF vs. TERG - Risk-Adjusted Trends Comparison

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

	SKF	TERG	Difference
Sharpe ratio: Return per unit of total volatility	0.08	—	—
Sortino ratio: Return per unit of downside risk	0.33	—	—
Omega ratio: Gain probability vs. loss probability	1.04	—	—
Calmar ratio: Return relative to maximum drawdown	0.10	—	—
Martin ratio: Return relative to average drawdown	0.19	—	—
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

	SKF	TERG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.08	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.42	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.51	9.90	-10.40

Drawdowns

SKF vs. TERG - Drawdown Comparison

The maximum SKF drawdown since its inception was -99.96%, which is greater than TERG's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for SKF and TERG.

Drawdown Indicators

	SKF	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-99.96%	-49.52%	-50.44%
Max Drawdown (1Y) Largest decline over 1 year	-20.76%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-68.09%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-72.40%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-96.51%	—	—
Current Drawdown Current decline from peak	-99.95%	-15.98%	-83.97%
Average Drawdown Average peak-to-trough decline	-89.26%	-13.73%	-75.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.13%	—	—

Volatility

Volatility by Period

	SKF	TERG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.85%	139.25%	-110.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.03%	139.25%	-103.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.90%	139.25%	-98.35%

SKF vs. TERG - Expense Ratio Comparison

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

Dividends

SKF vs. TERG - Dividend Comparison

SKF's dividend yield for the trailing twelve months is around 4.09%, while TERG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
SKF ProShares UltraShort Financials	4.09%	5.61%	7.94%	3.93%	0.03%	0.00%	0.11%	1.29%	0.06%
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 SKF and TERG in my portfolio?

SKF 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, SKF 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, SKF or TERG?

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

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

SKF has the higher dividend yield at 4.09%, compared with 0.00% for TERG.

What is the main difference between SKF and TERG?

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