TECS vs. TERG
TECS (Direxion Daily Technology Bear 3X Shares) and TERG (Leverage Shares 2X Long TER Daily ETF) are both exchange-traded funds - TECS is a Inverse Equities fund tracking the Technology Select Sector Index (-300%), while TERG is a Leveraged Equities fund actively managed by Leverage Shares. TECS is passively managed, while TERG is actively managed. Their -0.72 correlation means they have often moved in opposite directions in the past. TECS charges 1.01%/yr vs 0.75%/yr for TERG.
Performance
TECS vs. TERG - Performance Comparison
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Returns By Period
In the year-to-date period, TECS achieves a -55.78% return, which is significantly lower than TERG's 118.24% return.
TECS
- 1D
- 0.41%
- 1M
- 4.74%
- 6M
- -55.63%
- YTD
- -55.78%
- 1Y
- -69.62%
- 3Y*
- -59.51%
- 5Y*
- -54.69%
- 10Y*
- -60.95%
- ALL TIME*
- -57.85%
TERG
- 1D
- 1.38%
- 1M
- -8.01%
- 6M
- 44.99%
- YTD
- 118.24%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $26.82M | $44.05M | $62.80M | |
| $2.08M | $2.39M | $4.94M |
TECS vs. TERG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TECS Direxion Daily Technology Bear 3X Shares | -55.78% | -1.44% |
TERG Leverage Shares 2X Long TER Daily ETF | 118.24% | 20.91% |
Correlation
The correlation between TECS and TERG is -0.72, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | -0.72 |
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Return for Risk
TECS vs. TERG — Risk / Return Rank
TECS
TERG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TECS vs. TERG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bear 3X Shares (TECS) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TECS | TERG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.84 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | — | — |
| Martin ratioReturn relative to average drawdown | -1.58 | — | — |
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Drawdowns
TECS vs. TERG - Drawdown Comparison
The maximum TECS drawdown since its inception was -100.00%, which is greater than TERG's maximum drawdown of -60.59%. Use the drawdown chart below to compare losses from any high point for TECS and TERG.
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Drawdown Indicators
| TECS | TERG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -60.59% | -39.41% |
Max Drawdown (1Y)Largest decline over 1 year | -76.16% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -96.22% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -98.82% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -48.67% | -51.33% |
Average DrawdownAverage peak-to-trough decline | -96.78% | -18.83% | -77.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.80% | — | — |
Volatility
TECS vs. TERG - Volatility Comparison
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Volatility by Period
| TECS | TERG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.88% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 65.87% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 76.74% | 158.05% | -81.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 76.85% | 158.05% | -81.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.44% | 158.05% | -84.61% |
TECS vs. TERG - Expense Ratio Comparison
TECS has a 1.01% expense ratio, which is higher than TERG's 0.75% expense ratio.
Dividends
TECS vs. TERG - Dividend Comparison
TECS's dividend yield for the trailing twelve months is around 7.33%, while TERG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
TECS Direxion Daily Technology Bear 3X Shares | 7.33% | 5.83% | 5.24% | 7.52% | 0.00% | 0.00% | 1.50% | 2.40% | 0.72% |
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
TECS and TERG have a correlation of -0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
TERG is cheaper with a 0.75% expense ratio, compared with 1.01% for TECS.
TECS has the higher dividend yield at 7.33%, compared with 0.00% for TERG.
TECS is categorized as Inverse Equities, while TERG is Leveraged Equities. They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.01% for TECS and 0.75% for TERG.
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