TDAX vs. TERG

Last updated Apr 1, 2026

Compare and contrast key facts about TDAQ Lift ETF (TDAX) and Leverage Shares 2X Long TER Daily ETF (TERG).

TDAX and TERG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TDAX is an actively managed fund by TappAlpha. It was launched on Jan 7, 2026. TERG is an actively managed fund by Leverage Shares. It was launched on Nov 17, 2025.

Performance

TDAX vs. TERG - Performance Comparison

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

TDAX vs. TERG - Yearly Performance Comparison

	2026 (YTD)
TDAX TDAQ Lift ETF	-10.90%
TERG Leverage Shares 2X Long TER Daily ETF	55.34%

Returns By Period

TDAX

• 1D: 3.56%
• 1M: -7.09%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

TDAX vs. TERG - Expense Ratio Comparison

TDAX has a 0.98% expense ratio, which is higher than TERG's 0.75% expense ratio.

TDAX

TDAQ Lift ETF

TERG

Leverage Shares 2X Long TER Daily ETF

Return for Risk

TDAX vs. TERG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TDAQ Lift ETF (TDAX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TDAX	TERG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.67	10.56	-12.23

Correlation

The correlation between TDAX and TERG is 0.63, 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

TDAX vs. TERG - Dividend Comparison

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

	TTM
TDAX TDAQ Lift ETF	5.15%
TERG Leverage Shares 2X Long TER Daily ETF	0.00%

Drawdowns

TDAX vs. TERG - Drawdown Comparison

The maximum TDAX drawdown since its inception was -14.69%, smaller than the maximum TERG drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for TDAX and TERG.

Drawdown Indicators

	TDAX	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-14.69%	-39.32%	+24.63%
Current Drawdown Current decline from peak	-11.65%	-30.58%	+18.93%
Average Drawdown Average peak-to-trough decline	-5.11%	-9.77%	+4.66%

Volatility

Volatility by Period

	TDAX	TERG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	24.13%	124.59%	-100.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.13%	124.59%	-100.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.13%	124.59%	-100.46%