UNHU vs. TERG

Last updated Jul 17, 2026

UNHU (Direxion Daily UNH Bull 2X ETF) and TERG (Leverage Shares 2X Long TER Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.08, they often move in opposite directions. UNHU charges 0.97%/yr vs 0.75%/yr for TERG.

Performance

UNHU vs. TERG - Performance Comparison

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

Returns By Period

UNHU

• 1D: 2.83%
• 1M: 6.13%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TERG

• 1D: -11.75%
• 1M: -44.81%
• 6M: 28.86%
• YTD: 74.74%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UNHU vs. TERG - Yearly Performance Comparison

	2026 (YTD)
UNHU Direxion Daily UNH Bull 2X ETF	135.73%
TERG Leverage Shares 2X Long TER Daily ETF	-27.55%

Correlation

The correlation between UNHU and TERG is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 25, 2026	-0.08

Return for Risk

UNHU vs. TERG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily UNH Bull 2X ETF (UNHU) 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.

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

Drawdowns

UNHU vs. TERG - Drawdown Comparison

The maximum UNHU drawdown since its inception was -11.68%, smaller than the maximum TERG drawdown of -58.90%. Use the drawdown chart below to compare losses from any high point for UNHU and TERG.

Drawdown Indicators

	UNHU	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-11.68%	-58.90%	+47.22%
Current Drawdown Current decline from peak	-3.68%	-58.90%	+55.22%
Average Drawdown Average peak-to-trough decline	-2.70%	-16.56%	+13.86%

Volatility

Volatility by Period

	UNHU	TERG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	62.37%	154.92%	-92.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.37%	154.92%	-92.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.37%	154.92%	-92.55%

UNHU vs. TERG - Expense Ratio Comparison

UNHU has a 0.97% expense ratio, which is higher than TERG's 0.75% expense ratio.

Dividends

UNHU vs. TERG - Dividend Comparison

UNHU's dividend yield for the trailing twelve months is around 0.43%, while TERG has not paid dividends to shareholders.

Position	TTM
TERG Leverage Shares 2X Long TER Daily ETF	0.00%
UNHU Direxion Daily UNH Bull 2X ETF	0.43%

Frequently Asked Questions

Can I hold both UNHU and TERG in my portfolio?

UNHU and TERG have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UNHU 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, UNHU or TERG?

TERG is cheaper with a 0.75% expense ratio, compared with 0.97% for UNHU.

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

UNHU has the higher dividend yield at 0.43%, compared with 0.00% for TERG.

What is the main difference between UNHU and TERG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.97% for UNHU and 0.75% for TERG.