TQQQ vs. TERG

Last updated Jun 26, 2026

TQQQ (ProShares UltraPro QQQ) and TERG (Leverage Shares 2X Long TER Daily ETF) are both Leveraged Equities funds. TQQQ is passively managed, while TERG is actively managed. A 0.69 correlation means they provide meaningful diversification when combined. TQQQ charges 0.95%/yr vs 0.75%/yr for TERG.

Performance

TQQQ vs. TERG - Performance Comparison

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

Returns By Period

In the year-to-date period, TQQQ achieves a 42.40% return, which is significantly lower than TERG's 307.47% return.

TQQQ

• 1D: 2.25%
• 1M: -8.54%
• YTD: 42.40%
• 6M: 35.61%
• 1Y: 91.80%
• 3Y*: 60.52%
• 5Y*: 21.71%
• 10Y*: 46.45%

TERG

• 1D: 20.81%
• 1M: 35.52%
• YTD: 307.47%
• 6M: 286.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TQQQ vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
TQQQ ProShares UltraPro QQQ	42.40%	0.83%
TERG Leverage Shares 2X Long TER Daily ETF	307.47%	20.91%

Correlation

The correlation between TQQQ and TERG is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.69

Return for Risk

TQQQ vs. TERG — Risk / Return Rank

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

TQQQ

TQQQ Risk / Return Rank: 55
TQQQ Sharpe Ratio Rank: 60
TQQQ Sortino Ratio Rank: 50
TQQQ Omega Ratio Rank: 52
TQQQ Calmar Ratio Rank: 59
TQQQ Martin Ratio Rank: 53

TERG

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

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.

TQQQ vs. TERG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro QQQ (TQQQ) and Leverage Shares 2X Long TER Daily ETF (TERG). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	TQQQ	TERG	Difference
Sharpe ratio: Return per unit of total volatility	1.73	—	—
Sortino ratio: Return per unit of downside risk	2.15	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.50	—	—
Martin ratio: Return relative to average drawdown	7.89	—	—

Drawdowns

TQQQ vs. TERG - Drawdown Comparison

The maximum TQQQ drawdown since its inception was -81.66%, which is greater than TERG's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for TQQQ and TERG.

Drawdown Indicators

	TQQQ	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-81.66%	-49.52%	-32.14%
Max Drawdown (1Y) Largest decline over 1 year	-36.97%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-58.04%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-81.66%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-81.66%	—	—
Current Drawdown Current decline from peak	-14.07%	0.00%	-14.07%
Average Drawdown Average peak-to-trough decline	-18.49%	-14.48%	-4.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.67%	—	—

Volatility

Volatility by Period

	TQQQ	TERG	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.81%	—	—
Volatility (6M) Calculated over the trailing 6-month period	43.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	53.22%	147.05%	-93.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.42%	147.05%	-79.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.30%	147.05%	-80.75%

TQQQ vs. TERG - Expense Ratio Comparison

TQQQ has a 0.95% expense ratio, which is higher than TERG's 0.75% expense ratio.

Dividends

TQQQ vs. TERG - Dividend Comparison

TQQQ's dividend yield for the trailing twelve months is around 0.27%, while TERG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
TQQQ ProShares UltraPro QQQ	0.27%	0.65%	1.27%	1.26%	0.57%	0.00%	0.00%	0.06%	0.11%	0.00%	0.00%	0.01%

Frequently Asked Questions

Can I hold both TQQQ and TERG in my portfolio?

TQQQ and TERG have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TQQQ or TERG?

On fees, TERG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TQQQ or TERG?

TERG is cheaper with a 0.75% expense ratio, compared with 0.95% for TQQQ.

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

TQQQ has the higher dividend yield at 0.27%, compared with 0.00% for TERG.

What is the main difference between TQQQ and TERG?

They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for TQQQ and 0.75% for TERG.