URAA vs. TERG

Last updated Jun 5, 2026

URAA (Direxion Daily Uranium Industry Bull 2X Shares) and TERG (Leverage Shares 2X Long TER Daily ETF) are both Leveraged Equities funds. URAA is passively managed, while TERG is actively managed. A 0.62 correlation means they provide meaningful diversification when combined. URAA charges 1.28%/yr vs 0.75%/yr for TERG.

Performance

URAA vs. TERG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Uranium Industry Bull 2X Shares (URAA) 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, URAA achieves a 10.16% return, which is significantly lower than TERG's 225.36% return.

URAA

• 1D: -1.33%
• 1M: -16.02%
• YTD: 10.16%
• 6M: -9.50%
• 1Y: 69.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TERG

• 1D: -1.30%
• 1M: 23.46%
• YTD: 225.36%
• 6M: 202.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

URAA vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
URAA Direxion Daily Uranium Industry Bull 2X Shares	10.16%	1.42%
TERG Leverage Shares 2X Long TER Daily ETF	225.36%	28.17%

Correlation

The correlation between URAA and TERG is 0.62, 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 18, 2025	0.62

Return for Risk

URAA vs. TERG — Risk / Return Rank

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

URAA

URAA Risk / Return Rank: 26
URAA Sharpe Ratio Rank: 23
URAA Sortino Ratio Rank: 29
URAA Omega Ratio Rank: 27
URAA Calmar Ratio Rank: 29
URAA Martin Ratio Rank: 22

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.

URAA vs. TERG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Uranium Industry Bull 2X Shares (URAA) 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.

	URAA	TERG	Difference
Sharpe ratio: Return per unit of total volatility	0.74	—	—
Sortino ratio: Return per unit of downside risk	1.57	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.40	—	—
Martin ratio: Return relative to average drawdown	2.57	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	URAA	TERG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	9.47	-9.20

Drawdowns

URAA vs. TERG - Drawdown Comparison

The maximum URAA drawdown since its inception was -67.45%, which is greater than TERG's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for URAA and TERG.

Drawdown Indicators

	URAA	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-67.45%	-49.52%	-17.93%
Max Drawdown (1Y) Largest decline over 1 year	-49.91%	—	—
Current Drawdown Current decline from peak	-44.53%	-17.07%	-27.46%
Average Drawdown Average peak-to-trough decline	-27.30%	-13.75%	-13.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.19%	—	—

Volatility

Volatility by Period

	URAA	TERG	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	72.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	94.12%	138.78%	-44.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.87%	138.78%	-49.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.87%	138.78%	-49.91%

URAA vs. TERG - Expense Ratio Comparison

URAA has a 1.28% expense ratio, which is higher than TERG's 0.75% expense ratio.

Dividends

URAA vs. TERG - Dividend Comparison

URAA's dividend yield for the trailing twelve months is around 9.24%, while TERG has not paid dividends to shareholders.

Position	TTM	2025	2024
TERG Leverage Shares 2X Long TER Daily ETF	0.00%	0.00%	0.00%
URAA Direxion Daily Uranium Industry Bull 2X Shares	9.24%	9.14%	4.36%

Frequently Asked Questions

Can I hold both URAA and TERG in my portfolio?

URAA and TERG have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, URAA 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, URAA or TERG?

TERG is cheaper with a 0.75% expense ratio, compared with 1.28% for URAA.

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

URAA has the higher dividend yield at 9.24%, compared with 0.00% for TERG.

What is the main difference between URAA and TERG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.28% for URAA and 0.75% for TERG.