TERG vs. YCS

Last updated Apr 1, 2026

Compare and contrast key facts about Leverage Shares 2X Long TER Daily ETF (TERG) and ProShares UltraShort Yen (YCS).

TERG and YCS 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. YCS is a passively managed fund by ProShares that tracks the performance of the USD/JPY Exchange Rate (-200%). It was launched on Nov 25, 2008.

Performance

TERG vs. YCS - 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 UltraShort Yen (YCS). The values are adjusted to include any dividend payments, if applicable.

TERG vs. YCS - Yearly Performance Comparison

	2026 (YTD)	2025
TERG Leverage Shares 2X Long TER Daily ETF	102.79%	28.17%
YCS ProShares UltraShort Yen	4.09%	2.77%

Returns By Period

In the year-to-date period, TERG achieves a 102.79% return, which is significantly higher than YCS's 4.09% return.

TERG

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

YCS

• 1D: -1.38%
• 1M: 3.58%
• YTD: 4.09%
• 6M: 18.84%
• 1Y: 19.59%
• 3Y*: 23.69%
• 5Y*: 22.26%
• 10Y*: 10.90%

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

TERG vs. YCS - Expense Ratio Comparison

TERG has a 0.75% expense ratio, which is lower than YCS's 1.00% expense ratio.

YCS

ProShares UltraShort Yen

TERG

Leverage Shares 2X Long TER Daily ETF

Return for Risk

TERG vs. YCS — Risk / Return Rank

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

YCS

YCS Risk / Return Rank: 54
YCS Sharpe Ratio Rank: 54
YCS Sortino Ratio Rank: 53
YCS Omega Ratio Rank: 48
YCS Calmar Ratio Rank: 67
YCS Martin Ratio Rank: 49

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. YCS - 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 UltraShort Yen (YCS). 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	YCS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.94	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.07	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	10.56	0.32	+10.24

Correlation

The correlation between TERG and YCS is -0.10. 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. YCS - Dividend Comparison

Neither TERG nor YCS has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

TERG vs. YCS - Drawdown Comparison

The maximum TERG drawdown since its inception was -39.32%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for TERG and YCS.

Drawdown Indicators

	TERG	YCS	Difference
Max Drawdown Largest peak-to-trough decline	-39.32%	-49.56%	+10.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.07%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.32%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.32%	—
Current Drawdown Current decline from peak	-30.58%	-1.87%	-28.71%
Average Drawdown Average peak-to-trough decline	-9.77%	-20.12%	+10.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.45%	—

Volatility

Volatility by Period

	TERG	YCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	124.59%	20.84%	+103.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	124.59%	20.93%	+103.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	124.59%	19.23%	+105.36%