# TERG (Leverage Shares 2X Long TER Daily ETF)

Leverage Shares · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: TERG returned −29.6% where its own daily promise gave −26.9%, 2.7 points short.

## Key facts

- TERG, what TER did: −5.8%, as of Sep 11, 2026.
- TERG, what +2 times a day gives: −26.9%, as of Sep 11, 2026.
- TERG, what the fund returned: −29.6%, as of Sep 11, 2026.
- TERG, the fund itself cost: −2.7 pts, as of Sep 11, 2026.
- TERG, net assets: $8m (issuer page, as of Sep 10, 2026).
- TERG, expense ratio: 0.75% (485BPOS XBRL, Oct 23, 2025).

## TERG over each window to Sep 11, 2026

| Window | Fund | TER | +2x the move | Difference | TER moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −14.9% | −5.7% | −11.4% | −3.6 pts | 60% |
| 3 months | −29.6% | −5.8% | −11.6% | −18.0 pts | 88% |
| 6 months | +11.9% | +32.7% | +65.3% | −53.5 pts | 86% |
| Since launch | +179.0% | +127.2% | not meaningful over this window | not meaningful over this window | 77% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of TER, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +5.11 times, against +2 stated | ETFIQ |
| Underlying | TER | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $8m | issuer page, as of Sep 10, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, Oct 23, 2025 |
| Launched | Nov 17, 2025 | ETFIQ |
| Underlying volatility over the window | 88% annualized | ETFIQ |

## Questions

### Did TERG return +2 times TER?

Over the window to Sep 11, 2026, TER moved −5.8% and TERG returned −29.6%. 2 times that move is −11.6%, so the fund came out 18.0 points short of it.

### Why does TERG not return +2 times over a year?

Because it resets daily. TERG aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.

### Which +2x TER ETF tracked its stated multiple most closely?

2 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic.


## Cite this page

ETFIQ, TERG, data as of Sep 11, 2026. https://etfiq.com/funds/TERG
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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