TERG vs. CARU
TERG (Leverage Shares 2X Long TER Daily ETF) and CARU (Max Auto Industry 3X Leveraged ETN) are both Leveraged Equities funds. TERG is actively managed, while CARU is passively managed. A 0.51 correlation means they provide meaningful diversification when combined. TERG charges 0.75%/yr vs 0.95%/yr for CARU.
Performance
TERG vs. CARU - Performance Comparison
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Returns By Period
In the year-to-date period, TERG achieves a 229.64% return, which is significantly higher than CARU's -23.03% return.
TERG
- 1D
- 8.49%
- 1M
- 39.95%
- YTD
- 229.64%
- 6M
- 218.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CARU
- 1D
- -1.30%
- 1M
- 8.25%
- YTD
- -23.03%
- 6M
- -25.68%
- 1Y
- -15.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TERG vs. CARU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TERG Leverage Shares 2X Long TER Daily ETF | 229.64% | 28.17% |
CARU Max Auto Industry 3X Leveraged ETN | -23.03% | 22.08% |
Correlation
The correlation between TERG and CARU is 0.51, 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 Nov 18, 2025 | 0.51 |
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Return for Risk
TERG vs. CARU — Risk / Return Rank
TERG
CARU
TERG vs. CARU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long TER Daily ETF (TERG) and Max Auto Industry 3X Leveraged ETN (CARU). 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.
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Sharpe Ratios by Period
| TERG | CARU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 9.90 | -0.05 | +9.94 |
Drawdowns
TERG vs. CARU - Drawdown Comparison
The maximum TERG drawdown since its inception was -49.52%, smaller than the maximum CARU drawdown of -66.44%. Use the drawdown chart below to compare losses from any high point for TERG and CARU.
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Drawdown Indicators
| TERG | CARU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.52% | -66.44% | +16.92% |
Max Drawdown (1Y)Largest decline over 1 year | — | -50.87% | — |
Current DrawdownCurrent decline from peak | -15.98% | -39.22% | +23.24% |
Average DrawdownAverage peak-to-trough decline | -13.73% | -35.91% | +22.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 23.99% | — |
Volatility
TERG vs. CARU - Volatility Comparison
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Volatility by Period
| TERG | CARU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 22.70% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 50.26% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 139.25% | 68.70% | +70.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 139.25% | 80.27% | +58.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 139.25% | 80.27% | +58.98% |
TERG vs. CARU - Expense Ratio Comparison
TERG has a 0.75% expense ratio, which is lower than CARU's 0.95% expense ratio.
Dividends
TERG vs. CARU - Dividend Comparison
Neither TERG nor CARU has paid dividends to shareholders.
Frequently Asked Questions
TERG and CARU have a correlation of 0.51, 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 0.95% for CARU.
TERG and CARU have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and Max. Their fees differ too: 0.75% for TERG and 0.95% for CARU.
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