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Launched

Leverage Shares 2X Long TER Daily ETF

TERGNasdaqLeverageSharesBThis 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.

$14.32−0.27 (−1.85%)

As of Nov 10, 2026, 11:19 AM ET

B63/ 100

Rank 26 of 367 in Single-Stock Long Leveraged

B63/100Rank 26 of 367inSingle-Stock Long Leveraged
Intraday session: down, 23 prints from 14.59 to 14.32. Range 13.74 to 15.42. Use the arrow keys to read each point.14.0015.0015.5010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$5M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
6
Avg volume · 30D
42.7K sh
52W range
low $10.99high $80.05
Launched

The ETF.net TERG Grade

Based on 5 of 6 pillars

B

Score 63 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
26 of 367
Six-pillar profile for TERG. Scores out of 100: Cost 70, Risk 56, Mission 93, Tradability 62, Holdings not scored, Durability 50. Strongest: Mission (93). Weakest: Durability (50). Based on 5 of 6 pillars.

Score 63 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.
    A70 out of 100
    Rank 87 of 367

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A93 out of 100
    Rank 57 of 143

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B56 out of 100
    Rank 130 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B62 out of 100
    Rank 118 of 367

  • 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.
    C50 out of 100
    Rank 182 of 367

Our read on TERG

ETF.net Research

In short

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

  • 0.75% 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
  • Stated 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
  • A 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

  • The 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.
  • One 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.
  • Launched 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 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$7,810
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,124
Dec 31, 2025 to Nov 9, 2026. TERG $7,810. SPY $11,124. Use the arrow keys to read each point.$10,000$20,000$30,000$40,000Dec 2025Jun 2026Nov 2026

Dec 31, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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−21.9%
1 month−66.4%
3 months−65.9%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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−21.9%
2025+28.1%

Since listing, Nov 17, 2025

TERG in the news

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 Nov 9, 2026.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed Nov 2025. No distributions yet.

TERG Risk

Risk pillarB56 out of 100Rank 130 of 363 in Single-Stock Long Leveraged

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.

FMP measures it over up to five years of monthly returns.

TERG Cost

Compare TERG and GOGL

Overpaying vs GOGL, tied cheapest in Single-Stock Long Leveraged

$10,327

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TERG 0.75%

    $14,482

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • TERG 0.75%
  • GOGL 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530TERG $14,482GOGL $4,155

Year by year

YearTERGGOGLOverpaying
10$1,336$365$971
20$5,078$1,421$3,657
30$14,482$4,155$10,327

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