TDAX vs. TERG

Last updated Jun 4, 2026

TDAX (TDAQ Lift ETF) and TERG (Leverage Shares 2X Long TER Daily ETF) are both Leveraged Equities funds. Both are actively managed. A 0.60 correlation means they provide meaningful diversification when combined. TDAX charges 0.98%/yr vs 0.75%/yr for TERG.

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.

Returns By Period

TDAX

• 1D: -0.07%
• 1M: 13.80%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

TDAX vs. TERG - Yearly Performance Comparison

	2026 (YTD)
TDAX TDAQ Lift ETF	21.51%
TERG Leverage Shares 2X Long TER Daily ETF	152.51%

Correlation

The correlation between TDAX and TERG is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 8, 2026	0.60

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	2.65	9.90	-7.24

Drawdowns

TDAX vs. TERG - Drawdown Comparison

The maximum TDAX drawdown since its inception was -14.69%, smaller than the maximum TERG drawdown of -49.52%. 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%	-49.52%	+34.83%
Current Drawdown Current decline from peak	-0.07%	-15.98%	+15.91%
Average Drawdown Average peak-to-trough decline	-3.71%	-13.73%	+10.02%

Volatility

Volatility by Period

	TDAX	TERG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	23.71%	139.25%	-115.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.71%	139.25%	-115.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.71%	139.25%	-115.54%

TDAX vs. TERG - Expense Ratio Comparison

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

Dividends

TDAX vs. TERG - Dividend Comparison

TDAX's dividend yield for the trailing twelve months is around 7.40%, while TERG has not paid dividends to shareholders.

Position	TTM
TDAX TDAQ Lift ETF	7.40%
TERG Leverage Shares 2X Long TER Daily ETF	0.00%

Frequently Asked Questions

Can I hold both TDAX and TERG in my portfolio?

TDAX and TERG have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TDAX 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, TDAX or TERG?

TERG is cheaper with a 0.75% expense ratio, compared with 0.98% for TDAX.

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

TDAX has the higher dividend yield at 7.40%, compared with 0.00% for TERG.

What is the main difference between TDAX and TERG?

They also come from different issuers: TappAlpha and Leverage Shares. Their fees differ too: 0.98% for TDAX and 0.75% for TERG.