TERG vs. SVXY

Last updated Apr 1, 2026

Compare and contrast key facts about Leverage Shares 2X Long TER Daily ETF (TERG) and ProShares Short VIX Short-Term Futures ETF (SVXY).

TERG and SVXY 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. SVXY is a passively managed fund by ProShares that tracks the performance of the S&P 500 VIX Short-Term Futures Index (-100%). It was launched on Oct 3, 2011.

Performance

TERG vs. SVXY - 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 Short VIX Short-Term Futures ETF (SVXY). The values are adjusted to include any dividend payments, if applicable.

TERG vs. SVXY - Yearly Performance Comparison

	2026 (YTD)	2025
TERG Leverage Shares 2X Long TER Daily ETF	102.79%	28.17%
SVXY ProShares Short VIX Short-Term Futures ETF	-17.30%	16.47%

Returns By Period

In the year-to-date period, TERG achieves a 102.79% return, which is significantly higher than SVXY's -17.30% return.

TERG

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

SVXY

• 1D: 4.90%
• 1M: -12.39%
• YTD: -17.30%
• 6M: -10.09%
• 1Y: 0.09%
• 3Y*: 12.84%
• 5Y*: 13.74%
• 10Y*: -1.26%

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

TERG vs. SVXY - Expense Ratio Comparison

TERG has a 0.75% expense ratio, which is lower than SVXY's 1.38% expense ratio.

SVXY

ProShares Short VIX Short-Term Futures ETF

TERG

Leverage Shares 2X Long TER Daily ETF

Return for Risk

TERG vs. SVXY — Risk / Return Rank

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

SVXY

SVXY Risk / Return Rank: 13
SVXY Sharpe Ratio Rank: 13
SVXY Sortino Ratio Rank: 14
SVXY Omega Ratio Rank: 15
SVXY Calmar Ratio Rank: 13
SVXY Martin Ratio Rank: 13

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. SVXY - 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 Short VIX Short-Term Futures ETF (SVXY). 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	SVXY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.00	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.38	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	10.56	0.19	+10.37

Correlation

The correlation between TERG and SVXY is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TERG vs. SVXY - Dividend Comparison

Neither TERG nor SVXY has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

TERG vs. SVXY - Drawdown Comparison

The maximum TERG drawdown since its inception was -39.32%, smaller than the maximum SVXY drawdown of -95.25%. Use the drawdown chart below to compare losses from any high point for TERG and SVXY.

Drawdown Indicators

	TERG	SVXY	Difference
Max Drawdown Largest peak-to-trough decline	-39.32%	-95.25%	+55.93%
Max Drawdown (1Y) Largest decline over 1 year	—	-26.50%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.45%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-95.25%	—
Current Drawdown Current decline from peak	-30.58%	-83.43%	+52.85%
Average Drawdown Average peak-to-trough decline	-9.77%	-56.57%	+46.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.75%	—

Volatility

Volatility by Period

	TERG	SVXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	24.61%	—
Volatility (1Y) Calculated over the trailing 1-year period	124.59%	38.20%	+86.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	124.59%	35.91%	+88.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	124.59%	51.24%	+73.35%