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Launched

Leverage Shares 2X Long TER Daily ETF

TERGNasdaqBThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$38.64−0.74 (−1.88%)

At close: Oct 13, 2026, 4:00 PM

B66/ 100

Rank 13 of 380 in Single-Stock Long Leveraged

B66/100Rank 13 of 380inSingle-Stock Long Leveraged
Intraday session: down, 62 prints from 39.38 to 38.64. Range 35.13 to 38.64. Use the arrow keys to read each point.35.0036.0037.0038.0010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$17M
1Y total return
—
Yield · Last 12 months
—
Holdings
6
Avg volume · 30D
0.1M sh
NAV per share
$43.44
52W range
low $12.19high $80.05
Launched

The ETF.net TERG Grade

Based on 5 of 6 pillars

B

Score 66 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
13 of 380
Six-pillar profile for TERG. Scores out of 100: Cost 67, Risk 63, Mission 89, Tradability 72, Holdings not scored, Durability 55. Strongest: Mission (89). Weakest: Durability (55). Based on 5 of 6 pillars.

Score 66 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B67 out of 100
    Rank 87 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A89 out of 100
    Rank 89 of 148

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B63 out of 100
    Rank 104 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A72 out of 100
    Rank 77 of 380

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B55 out of 100
    Rank 159 of 380

Our read on TERG

ETF.net Research

BTwo times Teradyne's daily move in one ticker. TERG prices at 0.75%, under the norm for single-stock leverage, and it resets exposure every day, which makes it a short-horizon instrument by design.

Stated mandate

The fund seeks daily investment results equal to 200% of the daily performance of Teradyne, Inc. stock, before fees and expenses.

Why people hold it

  1. 010.75% a year, versus the roughly 1% that is typical across 2x single-stock ETFs. Cost is one of the few variables you actually control inside a leveraged wrapper.leverageshares.com
  2. 02Stated goal is clean and measurable: 200% of Teradyne's daily performance before fees. On delivering that mandate it sits in the top slice of a crowded 2x single-stock field.leverageshares.com
  3. 03A registered 1940 Act ETF, so the leverage arrives in an ordinary brokerage ticket. No margin agreement, no options chain, no positions to roll.leverageshares.com

Worth knowing

  1. 01The 2x target applies to a single trading day. Over longer stretches, daily resets and volatility can pull results well away from twice Teradyne's move.
  2. 02One company, doubled. An earnings surprise or guidance cut at Teradyne lands twice as hard, and there is nothing else inside the fund to cushion it.
  3. 03Launched in November 2025, so the record is short, and trading is moderate rather than heavy, which can mean wider spreads than the biggest 2x single-stock names.

TERG Holdings

As of Oct 11, 2026
Asset class
Stocks
Holdings
6
Top-10 weight
213%
Largest holding
Teradyne Inc Swap Cs128.1%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Teradyne Inc Swap Cs128.14%27,045$10M1
002—Teradyne Inc Swap Mar37.36%7,885$3M1
003—Teradyne Inc Swap Cf18.71%3,950$1M1
004—First American Treasury Obligations Fund 01/01/204013.52%1,072,083$1M151
005—Teradyne, Inc.-Swap-Nbcb-L12.79%2,700$1M1
006—Teradyne, Inc.-Swap-Jnst-L2.98%628$236K1

Showing 1–6 of 6 holdings

TERG Performance

Launched Nov 17, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
TERG$21,083
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,500
Dec 31, 2025 to Oct 12, 2026. TERG $21,083. SPY $11,500. Use the arrow keys to read each point.$6,669$25,920$45,171Dec 2025May 2026Oct 2026

Dec 31, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for TERG. Periods over one year show the average yearly return.
PeriodTERG
Year to date+110.8%
1 month−3.1%
3 months−4.5%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TERG
YearReturn barTERG
2026 YTD+110.8%
2025+28.1%

Since listing, Nov 17, 2025

TERG in the news

Filtered to TERG · Single-Stock Long Leveraged

TERG Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Nov 2025. No distributions yet.

TERG Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Nov 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Nov 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Nov 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.10
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

TERG Cost

Expense ratio0.75%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

86 of the 333 Single-Stock Long Leveraged funds charge less.

TERG costs $75.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.

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