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TERG vs. SOXS
Performance
Return for Risk
Dividends
Drawdowns
Volatility

TERG vs. SOXS

Last updated Apr 1, 2026

Compare and contrast key facts about Leverage Shares 2X Long TER Daily ETF (TERG) and Direxion Daily Semiconductor Bear 3x Shares (SOXS).

TERG and SOXS 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. SOXS is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (-300%). It was launched on Mar 11, 2010.

Performance

TERG vs. SOXS - 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 Bear 3x Shares (SOXS). The values are adjusted to include any dividend payments, if applicable.

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TERG vs. SOXS - Yearly Performance Comparison

2026 (YTD)2025
TERG
Leverage Shares 2X Long TER Daily ETF		102.79%28.17%
SOXS
Direxion Daily Semiconductor Bear 3x Shares		-35.85%-22.07%

Returns By Period

In the year-to-date period, TERG achieves a 102.79% return, which is significantly higher than SOXS's -35.85% return.

TERG

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

SOXS

1D
-18.22%
1M
12.17%
YTD
-35.85%
6M
-60.64%
1Y
-92.86%
3Y*
-75.94%
5Y*
-69.51%
10Y*
-74.41%
*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

Direxion Daily Semiconductor Bear 3x Shares

Often compared with TERG:
TERG vs. ADBGTERG vs. METDTERG vs. QLDTERG vs. DZZTERG vs. SOXLTERG vs. TQQQTERG vs. NFLU
Often compared with SOXS:
SOXS vs. SOXLSOXS vs. SOXXSOXS vs. SQQQSOXS vs. SSGSOXS vs. FNGDSOXS vs. SOXQSOXS vs. QQQ

TERG vs. SOXS - Expense Ratio Comparison

TERG has a 0.75% expense ratio, which is lower than SOXS's 1.08% expense ratio.

SOXS
Direxion Daily Semiconductor Bear 3x Shares
TERG
Leverage Shares 2X Long TER Daily ETF

Return for Risk

TERG vs. SOXS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TERG
SOXS
SOXS Risk / Return Rank: 11
Overall Rank
SOXS Sharpe Ratio Rank: 22
Sharpe Ratio Rank
SOXS Sortino Ratio Rank: 00
Sortino Ratio Rank
SOXS Omega Ratio Rank: 00
Omega Ratio Rank
SOXS Calmar Ratio Rank: 00
Calmar Ratio Rank
SOXS Martin Ratio Rank: 44
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. SOXS - 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 Bear 3x Shares (SOXS). 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. SOXS - Sharpe Ratio Comparison

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Sharpe Ratios by Period

TERGSOXSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

-0.78

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

-0.66

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

-0.75

—

Sharpe Ratio (All Time)

Calculated using the full available price history

10.56

-0.75

+11.32

Correlation

The correlation between TERG and SOXS is -0.83. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

TERG vs. SOXS - Dividend Comparison

TERG has not paid dividends to shareholders, while SOXS's dividend yield for the trailing twelve months is around 8.42%.

TTM20252024202320222021202020192018
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%
SOXS
Direxion Daily Semiconductor Bear 3x Shares		8.42%10.79%5.45%9.22%0.19%0.00%3.58%2.30%0.76%

Drawdowns

TERG vs. SOXS - Drawdown Comparison

The maximum TERG drawdown since its inception was -39.32%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for TERG and SOXS.

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Drawdown Indicators

TERGSOXSDifference

Max Drawdown

Largest peak-to-trough decline

-39.32%

-100.00%

+60.68%

Max Drawdown (1Y)

Largest decline over 1 year

—

-96.52%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-99.85%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-100.00%

—

Current Drawdown

Current decline from peak

-30.58%

-100.00%

+69.42%

Average Drawdown

Average peak-to-trough decline

-9.77%

-92.52%

+82.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

85.40%

—

Volatility

TERG vs. SOXS - Volatility Comparison

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Volatility by Period

TERGSOXSDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

40.43%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

78.54%

—

Volatility (1Y)

Calculated over the trailing 1-year period

124.59%

119.87%

+4.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

124.59%

106.45%

+18.14%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

124.59%

99.17%

+25.42%