SKYU vs. TERG

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) and Leverage Shares 2X Long TER Daily ETF (TERG).

SKYU and TERG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SKYU is a passively managed fund by ProShares that tracks the performance of the ISE Cloud Computing Index (200%). It was launched on Jan 19, 2021. TERG is an actively managed fund by Leverage Shares. It was launched on Nov 17, 2025.

Performance

SKYU vs. TERG - Performance Comparison

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

SKYU vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
SKYU ProShares Ultra Nasdaq Cloud Computing ETF	-30.59%	1.12%
TERG Leverage Shares 2X Long TER Daily ETF	124.98%	28.17%

Returns By Period

In the year-to-date period, SKYU achieves a -30.59% return, which is significantly lower than TERG's 124.98% return.

SKYU

• 1D: 1.85%
• 1M: -1.21%
• YTD: -30.59%
• 6M: -36.73%
• 1Y: -1.52%
• 3Y*: 23.32%
• 5Y*: -8.28%
• 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)

SKYU vs. TERG - Expense Ratio Comparison

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

SKYU

ProShares Ultra Nasdaq Cloud Computing ETF

TERG

Leverage Shares 2X Long TER Daily ETF

Return for Risk

SKYU vs. TERG — Risk / Return Rank

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

SKYU

SKYU Risk / Return Rank: 13
SKYU Sharpe Ratio Rank: 11
SKYU Sortino Ratio Rank: 16
SKYU Omega Ratio Rank: 15
SKYU Calmar Ratio Rank: 12
SKYU Martin Ratio Rank: 12

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.

SKYU vs. TERG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) 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.

	SKYU	TERG	Difference
Sharpe ratio Return per unit of total volatility	-0.03	—	—
Sortino ratio Return per unit of downside risk	0.39	—	—
Omega ratio Gain probability vs. loss probability	1.05	—	—
Calmar ratio Return relative to maximum drawdown	0.02	—	—
Martin ratio Return relative to average drawdown	0.04	—	—
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

	SKYU	TERG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.03	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.14	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.14	13.84	-13.98

Correlation

The correlation between SKYU and TERG is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SKYU vs. TERG - Dividend Comparison

SKYU's dividend yield for the trailing twelve months is around 1.01%, while TERG has not paid dividends to shareholders.

	TTM	2025	2024
SKYU ProShares Ultra Nasdaq Cloud Computing ETF	1.01%	0.56%	0.21%
TERG Leverage Shares 2X Long TER Daily ETF	0.00%	0.00%	0.00%

Drawdowns

SKYU vs. TERG - Drawdown Comparison

The maximum SKYU drawdown since its inception was -83.01%, which is greater than TERG's maximum drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for SKYU and TERG.

Drawdown Indicators

	SKYU	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-83.01%	-39.32%	-43.69%
Max Drawdown (1Y) Largest decline over 1 year	-48.85%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-83.01%	—	—
Current Drawdown Current decline from peak	-55.30%	-22.98%	-32.32%
Average Drawdown Average peak-to-trough decline	-49.36%	-9.92%	-39.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.57%	—	—

Volatility

Volatility by Period

	SKYU	TERG	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.10%	—	—
Volatility (6M) Calculated over the trailing 6-month period	38.96%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	59.55%	124.92%	-65.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.36%	124.92%	-64.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.41%	124.92%	-64.51%