TERG vs. LABD
TERG (Leverage Shares 2X Long TER Daily ETF) and LABD (Direxion Daily S&P Biotech Bear 3x Shares) are both Leveraged Equities funds. TERG is actively managed, while LABD is passively managed. At a correlation of -0.38, they often move in opposite directions. TERG charges 0.75%/yr vs 1.06%/yr for LABD.
Performance
TERG vs. LABD - Performance Comparison
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Returns By Period
In the year-to-date period, TERG achieves a 227.50% return, which is significantly higher than LABD's -53.78% return.
TERG
- 1D
- -15.75%
- 1M
- 27.59%
- YTD
- 227.50%
- 6M
- 210.53%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LABD
- 1D
- -3.10%
- 1M
- -32.29%
- YTD
- -53.78%
- 6M
- -50.39%
- 1Y
- -87.04%
- 3Y*
- -56.99%
- 5Y*
- -43.25%
- 10Y*
- -59.09%
TERG vs. LABD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TERG Leverage Shares 2X Long TER Daily ETF | 227.50% | 20.91% |
LABD Direxion Daily S&P Biotech Bear 3x Shares | -53.78% | -20.45% |
Correlation
The correlation between TERG and LABD is -0.38, 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 | -0.38 |
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Return for Risk
TERG vs. LABD — Risk / Return Rank
TERG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LABD
TERG vs. LABD - 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 Biotech Bear 3x Shares (LABD). 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 | LABD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.70 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -1.00 | — |
| Martin ratioReturn relative to average drawdown | — | -1.37 | — |
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Drawdowns
TERG vs. LABD - Drawdown Comparison
The maximum TERG drawdown since its inception was -49.52%, smaller than the maximum LABD drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for TERG and LABD.
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Drawdown Indicators
| TERG | LABD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.52% | -99.99% | +50.47% |
Max Drawdown (1Y)Largest decline over 1 year | — | -86.75% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -96.40% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -98.65% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.99% | — |
Current DrawdownCurrent decline from peak | -16.52% | -99.99% | +83.47% |
Average DrawdownAverage peak-to-trough decline | -14.58% | -90.99% | +76.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 64.00% | — |
Volatility
TERG vs. LABD - Volatility Comparison
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Volatility by Period
| TERG | LABD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 29.98% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 65.23% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 145.85% | 78.79% | +67.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 145.85% | 96.66% | +49.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 145.85% | 95.97% | +49.88% |
TERG vs. LABD - Expense Ratio Comparison
TERG has a 0.75% expense ratio, which is lower than LABD's 1.06% expense ratio.
Dividends
TERG vs. LABD - Dividend Comparison
TERG has not paid dividends to shareholders, while LABD's dividend yield for the trailing twelve months is around 9.79%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
LABD Direxion Daily S&P Biotech Bear 3x Shares | 9.79% | 6.67% | 4.68% | 6.13% | 0.53% | 0.00% | 3.94% | 1.75% | 0.81% |
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% |
Frequently Asked Questions
TERG and LABD have a correlation of -0.38, 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 1.06% for LABD.
LABD has the higher dividend yield at 9.79%, 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 1.06% for LABD.
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