TERG vs. GEVG

Last updated Jun 4, 2026

TERG (Leverage Shares 2X Long TER Daily ETF) and GEVG (Leverage Shares 2X Long GEV Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

TERG vs. GEVG - Performance Comparison

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

Returns By Period

In the year-to-date period, TERG achieves a 229.64% return, which is significantly higher than GEVG's 88.18% return.

TERG

• 1D: 8.49%
• 1M: 39.95%
• YTD: 229.64%
• 6M: 218.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GEVG

• 1D: -2.09%
• 1M: -22.22%
• YTD: 88.18%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TERG vs. GEVG - Yearly Performance Comparison

	2026 (YTD)	2025
TERG Leverage Shares 2X Long TER Daily ETF	229.64%	0.34%
GEVG Leverage Shares 2X Long GEV Daily ETF	88.18%	-11.09%

Correlation

The correlation between TERG and GEVG is 0.69, 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 Dec 17, 2025	0.69

Return for Risk

TERG vs. GEVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long TER Daily ETF (TERG) and Leverage Shares 2X Long GEV Daily ETF (GEVG). 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

	TERG	GEVG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	9.90	2.17	+7.73

Drawdowns

TERG vs. GEVG - Drawdown Comparison

The maximum TERG drawdown since its inception was -49.52%, which is greater than GEVG's maximum drawdown of -33.81%. Use the drawdown chart below to compare losses from any high point for TERG and GEVG.

Drawdown Indicators

	TERG	GEVG	Difference
Max Drawdown Largest peak-to-trough decline	-49.52%	-33.81%	-15.71%
Current Drawdown Current decline from peak	-15.98%	-32.62%	+16.64%
Average Drawdown Average peak-to-trough decline	-13.73%	-9.25%	-4.48%

Volatility

Volatility by Period

	TERG	GEVG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	139.25%	96.61%	+42.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	139.25%	96.61%	+42.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	139.25%	96.61%	+42.64%

TERG vs. GEVG - Expense Ratio Comparison

Both TERG and GEVG have an expense ratio of 0.75%.

Dividends

TERG vs. GEVG - Dividend Comparison

Neither TERG nor GEVG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TERG and GEVG in my portfolio?

TERG and GEVG have a correlation of 0.69, 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 GEVG?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TERG or GEVG?

TERG and GEVG have the same expense ratio: 0.75% per year.

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

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