TERG vs. GGLL

Last updated Apr 1, 2026

Compare and contrast key facts about Leverage Shares 2X Long TER Daily ETF (TERG) and Direxion Daily GOOGL Bull 2X Shares (GGLL).

TERG and GGLL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TERG is an actively managed fund by Leverage Shares. It was launched on Nov 17, 2025. GGLL is a passively managed fund by Direxion that tracks the performance of the Alphabet Inc. Class A (200%). It was launched on Sep 6, 2022.

Performance

TERG vs. GGLL - Performance Comparison

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

TERG vs. GGLL - Yearly Performance Comparison

	2026 (YTD)	2025
TERG Leverage Shares 2X Long TER Daily ETF	102.79%	28.17%
GGLL Direxion Daily GOOGL Bull 2X Shares	-18.90%	17.99%

Returns By Period

In the year-to-date period, TERG achieves a 102.79% return, which is significantly higher than GGLL's -18.90% return.

TERG

• 1D: 14.40%
• 1M: -19.76%
• YTD: 102.79%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GGLL

• 1D: 10.22%
• 1M: -16.24%
• YTD: -18.90%
• 6M: 28.40%
• 1Y: 186.52%
• 3Y*: 57.93%
• 5Y*: —
• 10Y*: —

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

TERG vs. GGLL - Expense Ratio Comparison

TERG has a 0.75% expense ratio, which is lower than GGLL's 1.05% expense ratio.

GGLL

Direxion Daily GOOGL Bull 2X Shares

TERG

Leverage Shares 2X Long TER Daily ETF

Return for Risk

TERG vs. GGLL — Risk / Return Rank

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

GGLL

GGLL Risk / Return Rank: 96
GGLL Sharpe Ratio Rank: 98
GGLL Sortino Ratio Rank: 97
GGLL Omega Ratio Rank: 94
GGLL Calmar Ratio Rank: 97
GGLL Martin Ratio Rank: 97

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. GGLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long TER Daily ETF (TERG) and Direxion Daily GOOGL Bull 2X Shares (GGLL). 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	GGLL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	10.56	0.75	+9.81

Correlation

The correlation between TERG and GGLL is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TERG vs. GGLL - Dividend Comparison

TERG has not paid dividends to shareholders, while GGLL's dividend yield for the trailing twelve months is around 5.63%.

	TTM	2025	2024	2023	2022
TERG Leverage Shares 2X Long TER Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%
GGLL Direxion Daily GOOGL Bull 2X Shares	5.63%	4.16%	3.29%	2.05%	0.59%

Drawdowns

TERG vs. GGLL - Drawdown Comparison

The maximum TERG drawdown since its inception was -39.32%, smaller than the maximum GGLL drawdown of -52.81%. Use the drawdown chart below to compare losses from any high point for TERG and GGLL.

Drawdown Indicators

	TERG	GGLL	Difference
Max Drawdown Largest peak-to-trough decline	-39.32%	-52.81%	+13.49%
Max Drawdown (1Y) Largest decline over 1 year	—	-38.39%	—
Current Drawdown Current decline from peak	-30.58%	-32.09%	+1.51%
Average Drawdown Average peak-to-trough decline	-9.77%	-15.49%	+5.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.38%	—

Volatility

Volatility by Period

	TERG	GGLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	18.25%	—
Volatility (6M) Calculated over the trailing 6-month period	—	39.37%	—
Volatility (1Y) Calculated over the trailing 1-year period	124.59%	60.98%	+63.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	124.59%	55.13%	+69.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	124.59%	55.13%	+69.46%