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TERG vs. QLD
Performance
Return for Risk
Dividends
Drawdowns
Volatility

TERG vs. QLD

Last updated Apr 1, 2026

Compare and contrast key facts about Leverage Shares 2X Long TER Daily ETF (TERG) and ProShares Ultra QQQ (QLD).

TERG and QLD 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. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006.

Performance

TERG vs. QLD - Performance Comparison

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

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TERG vs. QLD - Yearly Performance Comparison

2026 (YTD)2025
TERG
Leverage Shares 2X Long TER Daily ETF		102.79%28.17%
QLD
ProShares Ultra QQQ		-13.35%2.82%

Returns By Period

In the year-to-date period, TERG achieves a 102.79% return, which is significantly higher than QLD's -13.35% return.

TERG

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

QLD

1D
6.72%
1M
-10.26%
YTD
-13.35%
6M
-11.03%
1Y
37.53%
3Y*
35.41%
5Y*
15.27%
10Y*
29.40%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Leverage Shares 2X Long TER Daily ETF

ProShares Ultra QQQ

Often compared with TERG:
TERG vs. ADBGTERG vs. METDTERG vs. DZZTERG vs. TQQQTERG vs. BOEGTERG vs. SOXLTERG vs. NFLU
Often compared with QLD:
QLD vs. QQQQLD vs. TQQQQLD vs. SSOQLD vs. QQQMQLD vs. UPROQLD vs. VOOQLD vs. SPY

TERG vs. QLD - Expense Ratio Comparison

TERG has a 0.75% expense ratio, which is lower than QLD's 0.95% expense ratio.

QLD
ProShares Ultra QQQ
TERG
Leverage Shares 2X Long TER Daily ETF

Return for Risk

TERG vs. QLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TERG
QLD
QLD Risk / Return Rank: 5757
Overall Rank
QLD Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
QLD Sortino Ratio Rank: 5959
Sortino Ratio Rank
QLD Omega Ratio Rank: 5858
Omega Ratio Rank
QLD Calmar Ratio Rank: 6363
Calmar Ratio Rank
QLD Martin Ratio Rank: 5555
Martin Ratio Rank
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. 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.

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

TERG vs. QLD - Sharpe Ratio Comparison

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Sharpe Ratios by Period

TERGQLDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

0.84

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.34

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.66

—

Sharpe Ratio (All Time)

Calculated using the full available price history

10.56

0.53

+10.03

Correlation

The correlation between TERG and QLD is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

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 0.19%.

TTM20252024202320222021202020192018201720162015
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%
QLD
ProShares Ultra QQQ		0.19%0.17%0.25%0.33%0.31%0.00%0.00%0.13%0.06%0.02%0.21%0.11%

Drawdowns

TERG vs. QLD - Drawdown Comparison

The maximum TERG drawdown since its inception was -39.32%, 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

TERGQLDDifference

Max Drawdown

Largest peak-to-trough decline

-39.32%

-83.13%

+43.81%

Max Drawdown (1Y)

Largest decline over 1 year

—

-25.13%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-63.68%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-63.68%

—

Current Drawdown

Current decline from peak

-30.58%

-20.10%

-10.48%

Average Drawdown

Average peak-to-trough decline

-9.77%

-18.30%

+8.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

7.67%

—

Volatility

TERG vs. QLD - Volatility Comparison

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Volatility by Period

TERGQLDDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

12.96%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

25.55%

—

Volatility (1Y)

Calculated over the trailing 1-year period

124.59%

44.91%

+79.68%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

124.59%

44.77%

+79.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

124.59%

44.47%

+80.12%