TERG vs. GUSH
TERG (Leverage Shares 2X Long TER Daily ETF) and GUSH (Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares) are both Leveraged Equities funds. TERG is actively managed, while GUSH is passively managed. At a correlation of -0.12, they often move in opposite directions. TERG charges 0.75%/yr vs 1.17%/yr for GUSH.
Performance
TERG vs. GUSH - Performance Comparison
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Returns By Period
In the year-to-date period, TERG achieves a 74.74% return, which is significantly higher than GUSH's 63.46% return.
TERG
- 1D
- -11.75%
- 1M
- -44.81%
- 6M
- 28.86%
- YTD
- 74.74%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GUSH
- 1D
- 1.89%
- 1M
- 12.19%
- 6M
- 54.37%
- YTD
- 63.46%
- 1Y
- 57.75%
- 3Y*
- 7.54%
- 5Y*
- 17.69%
- 10Y*
- -36.14%
TERG vs. GUSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TERG Leverage Shares 2X Long TER Daily ETF | 74.74% | 20.91% |
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 63.46% | -11.31% |
Correlation
The correlation between TERG and GUSH is -0.12, 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 | -0.12 |
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Return for Risk
TERG vs. GUSH — Risk / Return Rank
TERG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GUSH
TERG vs. GUSH - 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 S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH). 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 | GUSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.19 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.60 | — |
| Martin ratioReturn relative to average drawdown | — | 3.69 | — |
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Drawdowns
TERG vs. GUSH - Drawdown Comparison
The maximum TERG drawdown since its inception was -58.90%, smaller than the maximum GUSH drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for TERG and GUSH.
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Drawdown Indicators
| TERG | GUSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.90% | -99.98% | +41.08% |
Max Drawdown (1Y)Largest decline over 1 year | — | -36.18% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -63.59% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -73.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.94% | — |
Current DrawdownCurrent decline from peak | -58.90% | -99.80% | +40.90% |
Average DrawdownAverage peak-to-trough decline | -16.56% | -92.96% | +76.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 15.71% | — |
Volatility
TERG vs. GUSH - Volatility Comparison
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Volatility by Period
| TERG | GUSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 13.14% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 44.29% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 154.92% | 56.34% | +98.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 154.92% | 67.75% | +87.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 154.92% | 92.95% | +61.97% |
TERG vs. GUSH - Expense Ratio Comparison
TERG has a 0.75% expense ratio, which is lower than GUSH's 1.17% expense ratio.
Dividends
TERG vs. GUSH - Dividend Comparison
TERG has not paid dividends to shareholders, while GUSH's dividend yield for the trailing twelve months is around 1.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 1.33% | 2.60% | 2.96% | 3.00% | 0.47% | 0.00% | 0.20% | 1.68% | 0.17% | 0.00% | 3.26% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
TERG and GUSH have a correlation of -0.12, 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 1.17% for GUSH.
GUSH has the higher dividend yield at 1.33%, compared with 0.00% for TERG.
They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for TERG and 1.17% for GUSH.
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