TERG vs. BDRY

Last updated Jun 23, 2026

TERG (Leverage Shares 2X Long TER Daily ETF) and BDRY (Breakwave Dry Bulk Shipping ETF) are both exchange-traded funds - TERG is a Leveraged Equities fund actively managed by Leverage Shares, while BDRY is a Commodities fund tracking the Breakwave Dry Freight Futures Index. TERG is actively managed, while BDRY is passively managed. At a correlation of -0.13, they often move in opposite directions. TERG charges 0.75%/yr vs 3.76%/yr for BDRY.

Performance

TERG vs. BDRY - Performance Comparison

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

Returns By Period

In the year-to-date period, TERG achieves a 288.74% return, which is significantly higher than BDRY's 32.04% return.

TERG

• 1D: 8.68%
• 1M: 51.45%
• YTD: 288.74%
• 6M: 274.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BDRY

• 1D: 0.09%
• 1M: -8.64%
• YTD: 32.04%
• 6M: 30.41%
• 1Y: 102.09%
• 3Y*: 23.42%
• 5Y*: -16.12%
• 10Y*: —

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

TERG vs. BDRY - Yearly Performance Comparison

	2026 (YTD)	2025
TERG Leverage Shares 2X Long TER Daily ETF	288.74%	20.91%
BDRY Breakwave Dry Bulk Shipping ETF	32.04%	1.98%

Correlation

The correlation between TERG and BDRY is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	-0.13

Return for Risk

TERG vs. BDRY — Risk / Return Rank

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

TERG

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

BDRY

BDRY Risk / Return Rank: 73
BDRY Sharpe Ratio Rank: 80
BDRY Sortino Ratio Rank: 65
BDRY Omega Ratio Rank: 60
BDRY Calmar Ratio Rank: 87
BDRY Martin Ratio Rank: 74

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.

TERG vs. BDRY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long TER Daily ETF (TERG) and Breakwave Dry Bulk Shipping ETF (BDRY). 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.

	TERG	BDRY	Difference
Sharpe ratio: Return per unit of total volatility	—	2.44	—
Sortino ratio: Return per unit of downside risk	—	2.88	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	4.75	—
Martin ratio: Return relative to average drawdown	—	13.45	—

Drawdowns

TERG vs. BDRY - Drawdown Comparison

The maximum TERG drawdown since its inception was -49.52%, smaller than the maximum BDRY drawdown of -89.16%. Use the drawdown chart below to compare losses from any high point for TERG and BDRY.

Drawdown Indicators

	TERG	BDRY	Difference
Max Drawdown Largest peak-to-trough decline	-49.52%	-89.16%	+39.64%
Max Drawdown (1Y) Largest decline over 1 year	—	-21.60%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-69.71%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-89.16%	—
Current Drawdown Current decline from peak	-0.91%	-72.10%	+71.19%
Average Drawdown Average peak-to-trough decline	-14.57%	-58.42%	+43.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.62%	—

Volatility

Volatility by Period

	TERG	BDRY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.86%	—
Volatility (6M) Calculated over the trailing 6-month period	—	29.21%	—
Volatility (1Y) Calculated over the trailing 1-year period	144.61%	42.17%	+102.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	144.61%	60.25%	+84.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	144.61%	62.41%	+82.20%

TERG vs. BDRY - Expense Ratio Comparison

TERG has a 0.75% expense ratio, which is lower than BDRY's 3.76% expense ratio.

Dividends

TERG vs. BDRY - Dividend Comparison

Neither TERG nor BDRY has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TERG and BDRY in my portfolio?

TERG and BDRY have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TERG or BDRY?

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, TERG or BDRY?

TERG is cheaper with a 0.75% expense ratio, compared with 3.76% for BDRY.

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

TERG and BDRY have nearly identical dividend yields, around 0.00%.

What is the main difference between TERG and BDRY?

TERG is categorized as Leveraged Equities, while BDRY is Commodities. They also come from different issuers: Leverage Shares and ETFMG. Their fees differ too: 0.75% for TERG and 3.76% for BDRY.