UWM vs. TERG

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares Ultra Russell2000 (UWM) and Leverage Shares 2X Long TER Daily ETF (TERG).

UWM and TERG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UWM is a passively managed fund by ProShares that tracks the performance of the Russell 2000 Index (200%). It was launched on Jan 25, 2007. TERG is an actively managed fund by Leverage Shares. It was launched on Nov 17, 2025.

Performance

UWM vs. TERG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Russell2000 (UWM) and Leverage Shares 2X Long TER Daily ETF (TERG). The values are adjusted to include any dividend payments, if applicable.

UWM vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
UWM ProShares Ultra Russell2000	0.73%	11.41%
TERG Leverage Shares 2X Long TER Daily ETF	124.98%	28.17%

Returns By Period

In the year-to-date period, UWM achieves a 0.73% return, which is significantly lower than TERG's 124.98% return.

UWM

• 1D: 1.33%
• 1M: -10.99%
• YTD: 0.73%
• 6M: 2.10%
• 1Y: 43.12%
• 3Y*: 15.19%
• 5Y*: -3.18%
• 10Y*: 10.03%

TERG

• 1D: 10.94%
• 1M: -13.61%
• YTD: 124.98%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UWM vs. TERG - Expense Ratio Comparison

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

UWM

ProShares Ultra Russell2000

TERG

Leverage Shares 2X Long TER Daily ETF

Return for Risk

UWM vs. TERG — Risk / Return Rank

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

UWM

UWM Risk / Return Rank: 53
UWM Sharpe Ratio Rank: 49
UWM Sortino Ratio Rank: 55
UWM Omega Ratio Rank: 48
UWM Calmar Ratio Rank: 60
UWM Martin Ratio Rank: 53

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.

UWM vs. TERG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Russell2000 (UWM) 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.

	UWM	TERG	Difference
Sharpe ratio Return per unit of total volatility	0.94	—	—
Sortino ratio Return per unit of downside risk	1.51	—	—
Omega ratio Gain probability vs. loss probability	1.19	—	—
Calmar ratio Return relative to maximum drawdown	1.62	—	—
Martin ratio Return relative to average drawdown	5.48	—	—
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

	UWM	TERG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.07	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	13.84	-13.72

Correlation

The correlation between UWM and TERG is 0.66, 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

UWM vs. TERG - Dividend Comparison

UWM's dividend yield for the trailing twelve months is around 1.02%, while TERG has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UWM ProShares Ultra Russell2000	1.02%	1.05%	1.16%	0.34%	0.40%	0.00%	0.07%	0.55%	0.41%	0.11%	0.27%	0.23%
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%

Drawdowns

UWM vs. TERG - Drawdown Comparison

The maximum UWM drawdown since its inception was -88.21%, which is greater than TERG's maximum drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for UWM and TERG.

Drawdown Indicators

	UWM	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-88.21%	-39.32%	-48.89%
Max Drawdown (1Y) Largest decline over 1 year	-26.48%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-61.62%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-71.46%	—	—
Current Drawdown Current decline from peak	-26.33%	-22.98%	-3.35%
Average Drawdown Average peak-to-trough decline	-31.07%	-9.92%	-21.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.83%	—	—

Volatility

Volatility by Period

	UWM	TERG	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.60%	—	—
Volatility (6M) Calculated over the trailing 6-month period	28.75%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	46.23%	124.92%	-78.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.04%	124.92%	-79.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.99%	124.92%	-78.93%