TERG vs. METD

Last updated Jun 24, 2026

TERG (Leverage Shares 2X Long TER Daily ETF) and METD (Direxion Daily META Bear 1X ETF) are both exchange-traded funds - TERG is a Leveraged Equities fund actively managed by Leverage Shares, while METD is a Inverse Equities fund actively managed by Direxion. Both are actively managed. At a correlation of -0.27, they often move in opposite directions. TERG charges 0.75%/yr vs 1.00%/yr for METD.

Performance

TERG vs. METD - 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 META Bear 1X ETF (METD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TERG achieves a 227.50% return, which is significantly higher than METD's 11.74% return.

TERG

• 1D: -15.75%
• 1M: 27.59%
• YTD: 227.50%
• 6M: 210.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

METD

• 1D: 0.27%
• 1M: 7.29%
• YTD: 11.74%
• 6M: 12.81%
• 1Y: 16.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TERG vs. METD - Yearly Performance Comparison

	2026 (YTD)	2025
TERG Leverage Shares 2X Long TER Daily ETF	227.50%	20.91%
METD Direxion Daily META Bear 1X ETF	11.74%	-7.40%

Correlation

The correlation between TERG and METD is -0.27, 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	-0.27

Return for Risk

TERG vs. METD — Risk / Return Rank

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

TERG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

METD

METD Risk / Return Rank: 17
METD Sharpe Ratio Rank: 16
METD Sortino Ratio Rank: 17
METD Omega Ratio Rank: 18
METD Calmar Ratio Rank: 17
METD Martin Ratio Rank: 16

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. METD - 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 META Bear 1X ETF (METD). 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	METD	Difference
Sharpe ratio: Return per unit of total volatility	—	0.45	—
Sortino ratio: Return per unit of downside risk	—	0.86	—
Omega ratio: Gain probability vs. loss probability	—	1.12	—
Calmar ratio: Return relative to maximum drawdown	—	0.68	—
Martin ratio: Return relative to average drawdown	—	1.54	—

Drawdowns

TERG vs. METD - Drawdown Comparison

The maximum TERG drawdown since its inception was -49.52%, which is greater than METD's maximum drawdown of -46.03%. Use the drawdown chart below to compare losses from any high point for TERG and METD.

Drawdown Indicators

	TERG	METD	Difference
Max Drawdown Largest peak-to-trough decline	-49.52%	-46.03%	-3.49%
Max Drawdown (1Y) Largest decline over 1 year	—	-24.38%	—
Current Drawdown Current decline from peak	-16.52%	-28.18%	+11.66%
Average Drawdown Average peak-to-trough decline	-14.58%	-28.60%	+14.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.70%	—

Volatility

Volatility by Period

	TERG	METD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	28.31%	—
Volatility (1Y) Calculated over the trailing 1-year period	145.85%	36.59%	+109.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	145.85%	36.64%	+109.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	145.85%	36.64%	+109.21%

TERG vs. METD - Expense Ratio Comparison

TERG has a 0.75% expense ratio, which is lower than METD's 1.00% expense ratio.

Dividends

TERG vs. METD - Dividend Comparison

TERG has not paid dividends to shareholders, while METD's dividend yield for the trailing twelve months is around 3.02%.

Position	TTM	2025	2024
METD Direxion Daily META Bear 1X ETF	3.02%	3.35%	2.30%
TERG Leverage Shares 2X Long TER Daily ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TERG and METD in my portfolio?

TERG and METD have a correlation of -0.27, 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 METD?

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.

Which ETF is cheaper, TERG or METD?

TERG is cheaper with a 0.75% expense ratio, compared with 1.00% for METD.

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

METD has the higher dividend yield at 3.02%, compared with 0.00% for TERG.

What is the main difference between TERG and METD?

TERG is categorized as Leveraged Equities, while METD is Inverse Equities. They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for TERG and 1.00% for METD.