Which came closer to its stated multiple, TERC or TERG?

Over the window to Sep 30, 2026, TERC finished 3.9 points from what its multiple implies and TERG finished 14.9 points from its own, so TERC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are TERC and TERG levered on the same thing?

Yes. Both are levered on Teradyne, TERC at +2 times and TERG at +2 times the daily move.

Which one decays faster, TERC or TERG?

Decay follows how much the underlying moves about. Over this window TERC’s moved at 65% annualized and TERG’s at 80%, so TERG has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold TERC or TERG for a year?

Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.

Which is cheaper, TERC or TERG?

TERC charges 0.45% a year and TERG charges 0.75%, so TERC is cheaper. Fees come from each fund's prospectus.

Share on X Download as PDF Open live

TERC vs TERG: which held to its multiple?

Over the days both have traded, TERC finished 3.9 points from its stated multiple and TERG 4.0. Corgi TER 2x Daily ETF and Leverage Shares 2X Long TER Daily ETF.

+19.3%

TERC returned, since launch

−27.2%

TERG returned, 3 months

−14.5 pts

TERC from its stated multiple

−14.9 pts

TERG from its stated multiple

TERC · 1 month to Sep 30, 20263.9 pts short of its stated multiple

TERC returned +25.4% while 2 times TER's move would have been +29.3%

TERG · 3 months to Sep 30, 202614.9 pts short of its stated multiple

TERG returned −27.2% while 2 times TER's move would have been −12.3%

Performance, window by window

	Total return		Multiple would give		Difference
Window	TERC	TERG	TERC	TERG	TERC	TERG
1 month	+25.4%	+25.3%	+29.3%	+29.3%	−3.9 pts	−4.0 pts
3 months	not published	−27.2%	not published	−12.3%	not published	−14.9 pts
6 months	not published	+4.2%	not published	+57.0%	not published	−52.8 pts
Since launch TERC Jul 2026 · TERG Nov 2025	+19.3%	+200.5%	+33.8%	not meaningful	−14.5 pts	not meaningful

TERC and TERG over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

TERC

Corgi TER 2x Daily ETF · Aims to return twice the daily move of Teradyne (TER)

TERG

Leverage Shares 2X Long TER Daily ETF · Aims to return twice the daily move of Teradyne (TER)

Issuer Corgi Leverage Shares

Sets out to return +2x +2x

Underlying asset TER TER

Segment company company

Fund returned, 3 months or since launch +25.4% −27.2%

Underlying returned, over that window +14.6% −6.2%

What the stated multiple implies, over that window +29.3% −12.3%

Difference from stated, over that window −3.9 pts −14.9 pts

Fund returned, 1 year or since launch +19.3% +200.5%

Difference from stated, over that window −14.5 pts not available

Underlying volatility 65% 80%

Difference over the days both have traded −3.9 pts −4.0 pts

Expense ratio 0.45% 0.75%

Launched Jul 7, 2026 Nov 17, 2025

Net assets $471,346 $17m

TERC and TERG on the same fields, as of Sep 30, 2026. Source: ETFIQ.

TERC in plain words

One month to Sep 30, 2026: TERC returned +25.4% where its own daily promise gave +26.1%, 0.7 points short. Read the multiple against the whole window instead and 2 times TER's 14.6% implies +29.3%, which makes TERC look 3.9 points short. 3.2 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. TERC aims to return +2 times TER's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. TER moved at 65% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.

TERG in plain words

Three months to Sep 30, 2026: TERG returned −27.2% where its own daily promise gave −25.4%, 1.8 points short. Read the multiple against the whole window instead and 2 times TER's −6.2% implies −12.3%, which makes TERG look 14.9 points short. 13.1 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. TERG aims to return +2 times TER's move each day, then resets. TER moved at 80% annualized over that window.

Questions people ask

Which came closer to its stated multiple, TERC or TERG?: Over the window to Sep 30, 2026, TERC finished 3.9 points from what its multiple implies and TERG finished 14.9 points from its own, so TERC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are TERC and TERG levered on the same thing?: Yes. Both are levered on Teradyne, TERC at +2 times and TERG at +2 times the daily move.
Which one decays faster, TERC or TERG?: Decay follows how much the underlying moves about. Over this window TERC’s moved at 65% annualized and TERG’s at 80%, so TERG has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold TERC or TERG for a year?: Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
Which is cheaper, TERC or TERG?: TERC charges 0.45% a year and TERG charges 0.75%, so TERC is cheaper. Fees come from each fund's prospectus.

Other comparisons

TERC on its own →TERG on its own →How every figure is computed →Standards and sources →

Where these figures came from

TERC filings on SEC EDGAR ↗TERC prospectus with the expense ratio (SEC) ↗Corgi website ↗TERG filings on SEC EDGAR ↗TERG prospectus with the expense ratio (SEC) ↗Leverage Shares website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, TERC against TERG, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/terc-vs-terg

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.