TERG vs. SOXL

Last updated Jun 3, 2026

TERG (Leverage Shares 2X Long TER Daily ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds. TERG is actively managed, while SOXL is passively managed. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.75% expense ratio.

Performance

TERG vs. SOXL - 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 Semiconductor Bull 3X ETF (SOXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TERG achieves a 203.84% return, which is significantly lower than SOXL's 533.64% return.

TERG

• 1D: 12.62%
• 1M: 23.07%
• YTD: 203.84%
• 6M: 206.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXL

• 1D: 17.31%
• 1M: 104.23%
• YTD: 533.64%
• 6M: 508.04%
• 1Y: 1,481.30%
• 3Y*: 131.09%
• 5Y*: 49.21%
• 10Y*: 64.53%

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

TERG vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025
TERG Leverage Shares 2X Long TER Daily ETF	203.84%	28.17%
SOXL Direxion Daily Semiconductor Bull 3X ETF	533.64%	14.09%

Correlation

The correlation between TERG and SOXL is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.82

Return for Risk

TERG vs. SOXL — Risk / Return Rank

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

SOXL

SOXL Risk / Return Rank: 98
SOXL Sharpe Ratio Rank: 100
SOXL Sortino Ratio Rank: 95
SOXL Omega Ratio Rank: 95
SOXL Calmar Ratio Rank: 99
SOXL Martin Ratio Rank: 99

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. SOXL - 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 Semiconductor Bull 3X ETF (SOXL). 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.

Sharpe Ratios by Period

	TERG	SOXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	14.69	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.46	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	8.56	0.51	+8.05

Drawdowns

TERG vs. SOXL - Drawdown Comparison

The maximum TERG drawdown since its inception was -49.52%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for TERG and SOXL.

Drawdown Indicators

	TERG	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-49.52%	-90.46%	+40.94%
Max Drawdown (1Y) Largest decline over 1 year	—	-43.47%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-87.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-90.46%	—
Current Drawdown Current decline from peak	-22.55%	0.00%	-22.55%
Average Drawdown Average peak-to-trough decline	-13.71%	-35.02%	+21.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.65%	—

Volatility

Volatility by Period

	TERG	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	41.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	81.21%	—
Volatility (1Y) Calculated over the trailing 1-year period	139.43%	102.08%	+37.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	139.43%	107.26%	+32.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	139.43%	99.05%	+40.38%

TERG vs. SOXL - Expense Ratio Comparison

Both TERG and SOXL have an expense ratio of 0.75%.

Dividends

TERG vs. SOXL - Dividend Comparison

TERG has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SOXL Direxion Daily Semiconductor Bull 3X ETF	0.03%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%
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

Can I hold both TERG and SOXL in my portfolio?

TERG and SOXL have a correlation of 0.82, 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 SOXL?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TERG or SOXL?

TERG and SOXL have the same expense ratio: 0.75% per year.

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

SOXL has the higher dividend yield at 0.03%, compared with 0.00% for TERG.

What is the main difference between TERG and SOXL?

They also come from different issuers: Leverage Shares and Direxion.