SZK vs. TERG

Last updated Apr 1, 2026

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

SZK and TERG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SZK is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Consumer Goods 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

SZK vs. TERG - Performance Comparison

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

SZK vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
SZK ProShares UltraShort Consumer Goods	-10.72%	-2.75%
TERG Leverage Shares 2X Long TER Daily ETF	102.79%	28.17%

Returns By Period

In the year-to-date period, SZK achieves a -10.72% return, which is significantly lower than TERG's 102.79% return.

SZK

• 1D: -0.16%
• 1M: 19.41%
• YTD: -10.72%
• 6M: -8.65%
• 1Y: -0.37%
• 3Y*: -3.12%
• 5Y*: -4.80%
• 10Y*: -16.30%

TERG

• 1D: 14.40%
• 1M: -19.76%
• YTD: 102.79%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SZK vs. TERG - Expense Ratio Comparison

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

SZK

ProShares UltraShort Consumer Goods

TERG

Leverage Shares 2X Long TER Daily ETF

Return for Risk

SZK vs. TERG — Risk / Return Rank

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

SZK

SZK Risk / Return Rank: 11
SZK Sharpe Ratio Rank: 11
SZK Sortino Ratio Rank: 12
SZK Omega Ratio Rank: 12
SZK Calmar Ratio Rank: 10
SZK 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.

SZK vs. TERG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Consumer Goods (SZK) 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.

	SZK	TERG	Difference
Sharpe ratio Return per unit of total volatility	-0.01	—	—
Sortino ratio Return per unit of downside risk	0.17	—	—
Omega ratio Gain probability vs. loss probability	1.02	—	—
Calmar ratio Return relative to maximum drawdown	-0.11	—	—
Martin ratio Return relative to average drawdown	-0.26	—	—
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

	SZK	TERG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.01	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.15	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.59	10.56	-11.15

Correlation

The correlation between SZK and TERG is -0.01. 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

SZK vs. TERG - Dividend Comparison

SZK's dividend yield for the trailing twelve months is around 2.66%, while TERG has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
SZK ProShares UltraShort Consumer Goods	2.66%	2.90%	5.70%	4.03%	0.56%	0.00%	0.19%	1.70%	0.50%
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

SZK vs. TERG - Drawdown Comparison

The maximum SZK drawdown since its inception was -99.40%, which is greater than TERG's maximum drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for SZK and TERG.

Drawdown Indicators

	SZK	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-99.40%	-39.32%	-60.08%
Max Drawdown (1Y) Largest decline over 1 year	-29.26%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-41.81%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-86.85%	—	—
Current Drawdown Current decline from peak	-99.25%	-30.58%	-68.67%
Average Drawdown Average peak-to-trough decline	-81.83%	-9.77%	-72.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.78%	—	—

Volatility

Volatility by Period

	SZK	TERG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.72%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.39%	124.59%	-97.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.33%	124.59%	-93.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.46%	124.59%	-91.13%