TERG vs. QLD
TERG (Leverage Shares 2X Long TER Daily ETF) and QLD (ProShares Ultra QQQ) are both Leveraged Equities funds. TERG is actively managed, while QLD is passively managed. A 0.69 correlation means they provide meaningful diversification when combined. TERG charges 0.75%/yr vs 0.95%/yr for QLD.
Performance
TERG vs. QLD - Performance Comparison
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Returns By Period
In the year-to-date period, TERG achieves a 288.74% return, which is significantly higher than QLD's 38.76% return.
TERG
- 1D
- 8.68%
- 1M
- 51.45%
- YTD
- 288.74%
- 6M
- 274.01%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QLD
- 1D
- -0.23%
- 1M
- 4.92%
- YTD
- 38.76%
- 6M
- 36.36%
- 1Y
- 82.33%
- 3Y*
- 46.92%
- 5Y*
- 23.39%
- 10Y*
- 37.21%
TERG vs. QLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TERG Leverage Shares 2X Long TER Daily ETF | 288.74% | 20.91% |
QLD ProShares Ultra QQQ | 38.76% | 1.06% |
Correlation
The correlation between TERG and QLD 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 Nov 17, 2025 | 0.69 |
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Return for Risk
TERG vs. QLD — Risk / Return Rank
TERG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QLD
TERG vs. QLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long TER Daily ETF (TERG) and ProShares Ultra QQQ (QLD). 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 | QLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.29 | — |
| Martin ratioReturn relative to average drawdown | — | 11.19 | — |
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Drawdowns
TERG vs. QLD - Drawdown Comparison
The maximum TERG drawdown since its inception was -49.52%, smaller than the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for TERG and QLD.
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Drawdown Indicators
| TERG | QLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.52% | -83.13% | +33.61% |
Max Drawdown (1Y)Largest decline over 1 year | — | -25.13% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -42.29% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -63.68% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.68% | — |
Current DrawdownCurrent decline from peak | -0.91% | -2.83% | +1.92% |
Average DrawdownAverage peak-to-trough decline | -14.57% | -18.14% | +3.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.38% | — |
Volatility
TERG vs. QLD - Volatility Comparison
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Volatility by Period
| TERG | QLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 16.77% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 28.19% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 144.61% | 35.17% | +109.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 144.61% | 45.24% | +99.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 144.61% | 44.82% | +99.79% |
TERG vs. QLD - Expense Ratio Comparison
TERG has a 0.75% expense ratio, which is lower than QLD's 0.95% expense ratio.
Dividends
TERG vs. QLD - Dividend Comparison
TERG has not paid dividends to shareholders, while QLD's dividend yield for the trailing twelve months is around 0.12%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLD ProShares Ultra QQQ | 0.12% | 0.17% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.21% | 0.11% |
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% | 0.00% |
Frequently Asked Questions
TERG and QLD 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.
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 0.95% for QLD.
QLD has the higher dividend yield at 0.12%, compared with 0.00% for TERG.
They also come from different issuers: Leverage Shares and ProShares. Their fees differ too: 0.75% for TERG and 0.95% for QLD.
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