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TERG

GradeBNASDAQ Global Market

Leverage Shares 2X Long TER Daily ETF

Leveraged · Single-Stock Leveraged · LeverageShares · Inception 2025-11-17

This 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.

$41.15−2.33 (−5.36%)

As of Sep 23, 2026, 2:17 PM EDT

History starts Nov 17, 2025.History starts Nov 17, 2025.
Intraday session: down, 45 prints from 43.48 to 41.15. Range 39.40 to 42.56. Use the arrow keys to read each point.$40.00$42.0010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$14M
1Y return
—
Yield · Last 12 months
—
Holdings
6
Volume · 30D
0.1M sh
NAV per share
$39.83
52W range
low $12.19high $80.05

The ETF.net TERG Grade

B

65/ 100

Rank 14 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for TERG. Scores out of 100: Cost 67, Risk 68, Mission 89, Tradability 64, Holdings not scored, Durability 55. Strongest: Mission (89). Weakest: Durability (55). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 65 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 67
    Category rank156/380 · top 41%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 89
    Category rank90/147 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 68
    Category rank67/285 · top 24%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 64
    Category rank111/380 · top 29%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 55
    Category rank155/380 · top 41%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

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 Sep 21, 2026, 6:58 PM
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$1M147
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

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

TERG$23,276
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. TERG $23,276. SPY $11,430. Use the arrow keys to read each point.$6,635$25,905$45,174Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+132.8%
1 month+6.8%
3 months−40.1%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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+132.8%
2025+28.1%

Since listing, Nov 17, 2025

TERG in the news

ETF.net Research hasn’t filed on TERG yet — coverage lands here as it’s written.

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 Sep 22, 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%

85 of the 329 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.