VALG vs. TERG

Last updated Jun 4, 2026

VALG (Leverage Shares 2X Long VALE Daily ETF) and TERG (Leverage Shares 2X Long TER Daily ETF) are both Leveraged Equities funds from Leverage Shares. VALG is passively managed, while TERG is actively managed. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

VALG vs. TERG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long VALE Daily ETF (VALG) 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, VALG achieves a 35.93% return, which is significantly lower than TERG's 229.64% return.

VALG

• 1D: -9.01%
• 1M: 1.55%
• YTD: 35.93%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TERG

• 1D: 8.49%
• 1M: 39.95%
• YTD: 229.64%
• 6M: 218.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VALG vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
VALG Leverage Shares 2X Long VALE Daily ETF	35.93%	3.65%
TERG Leverage Shares 2X Long TER Daily ETF	229.64%	2.42%

Correlation

The correlation between VALG and TERG is 0.58, 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 Dec 19, 2025	0.58

Return for Risk

VALG vs. TERG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long VALE Daily ETF (VALG) 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.

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

Sharpe Ratios by Period

	VALG	TERG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.52	9.90	-8.37

Drawdowns

VALG vs. TERG - Drawdown Comparison

The maximum VALG drawdown since its inception was -36.93%, smaller than the maximum TERG drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for VALG and TERG.

Drawdown Indicators

	VALG	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-36.93%	-49.52%	+12.59%
Current Drawdown Current decline from peak	-21.33%	-15.98%	-5.35%
Average Drawdown Average peak-to-trough decline	-11.74%	-13.73%	+1.99%

Volatility

Volatility by Period

	VALG	TERG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	75.74%	139.25%	-63.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.74%	139.25%	-63.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.74%	139.25%	-63.51%

VALG vs. TERG - Expense Ratio Comparison

Both VALG and TERG have an expense ratio of 0.75%.

Dividends

VALG vs. TERG - Dividend Comparison

Neither VALG nor TERG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VALG and TERG in my portfolio?

VALG and TERG have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VALG or TERG?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VALG or TERG?

VALG and TERG have the same expense ratio: 0.75% per year.

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

VALG and TERG have nearly identical dividend yields, around 0.00%.