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TSMG

GradeANASDAQ Global Market

Leverage Shares 2x Long TSM Daily ETF

Leveraged · Single-Stock Leveraged · LeverageShares · Inception 2025-01-14

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.

$42.05−0.98 (−2.28%)

As of Sep 23, 2026, 2:18 PM EDT

History starts Jan 14, 2025.
Intraday session: down, 55 prints from 43.03 to 42.05. Range 41.38 to 42.64. Use the arrow keys to read each point.$41.50$42.5010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$35M
1Y return
+112.3%
Yield · Last 12 months
Data unavailable
Holdings
5
Volume · 30D
0.1M sh
NAV per share
$41.74
52W range
low $20.73high $51.24

The ETF.net TSMG Grade

A

71/ 100

Rank 5 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for TSMG. Scores out of 100: Cost 67, Risk 85, Mission 81, Tradability 68, Holdings not scored, Durability 66. Strongest: Risk (85). Weakest: Durability (66). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 71 of 100 sits in the A 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 rank157/380 · top 41%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 81
    Category rank120/147 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 85
    Category rank14/285 · top 5%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 68
    Category rank98/380 · top 26%

  • 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 66
    Category rank90/380 · top 24%

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

Our read on TSMG

ETF.net Research

ATwo times TSM, one day at a time. TSMG aims for 200% of Taiwan Semiconductor's daily move, no margin account required, at 0.75% a year, below what most leveraged single-stock funds charge.

Stated mandate

The fund seeks daily investment results equal to 200% of the daily performance of Taiwan Semiconductor Manufacturing Company Ltd stock, before fees and expenses.

Why people hold it

  1. 01Charges 0.75% a year, undercutting the 0.96% on Direxion's 2x single-stock funds such as AAPU and GGLL.leverageshares.com
  2. 02The milder gear on the leveraged shelf: it targets double TSM's daily move, not triple.leverageshares.com
  3. 03Leverage arrives inside a regular 1940 Act ETF. No margin agreement, no lender, and your exposure is capped at what you put in.leverageshares.com
  4. 04Hits its stated daily target tightly, and rates among the stronger builds in a crowded field of 2x and 3x single-stock funds.

Worth knowing

  1. 01The leverage resets every day. Hold longer and compounding takes over, so multi-day results can drift well away from twice TSM's move, especially in choppy markets.leverageshares.com
  2. 02One stock, one industry. Everything rides on Taiwan Semiconductor, doubled, so company-specific news lands twice as hard.
  3. 03Young and small: launched in January 2025, and it sits among the smaller, less heavily traded names on the leveraged shelf, which can widen spreads.

TSMG Holdings

As of Sep 21, 2026, 6:58 PM
Asset class
Stocks
Holdings
5
Top-10 weight
212%
Largest holding
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD SWAP - L - CLEARSTREET114.2%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD SWAP - L - CLEARSTREET114.24%85,666$36M1
002—TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD SWAP - L - MAREX41.76%31,314$13M1
003—TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD SWAP - L - CANTOR38.91%29,175$12M1
004—First American Treasury Obligations Fund 01/01/204012.41%3,898,910$4M147
005—TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD-SWAP-NBCB-L5.07%3,800$2M1

Showing 1–5 of 5 holdings

TSMG Performance

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

TSMG$21,228
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. TSMG $21,228. SPY $11,723. Use the arrow keys to read each point.$8,283$17,331$26,378Sep 2025Mar 2026Sep 2026

Sep 22, 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 TSMG. Periods over one year show the average yearly return.
PeriodTSMG
Year to date+81.3%
1 month+15.1%
3 months−13.1%
1 year+112.3%
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 TSMG
YearReturn barTSMG
2026 YTD+81.3%
2025+76.5%

Since listing, Jan 14, 2025

TSMG in the news

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

TSMG 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.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$2.73 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $2.73. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Jan 2, 2026$2.73

TSMG 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.
77.7%
Annualised · 19 months to Aug 2026
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.
1.11
vs 3-month T-bills · 19 months to Aug 2026
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.
−63.7%
20 months · trough Apr 2025
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.
3.93
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.

TSMG 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.

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