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Launched

Leverage Shares 2x Long TSM Daily ETF

TSMGNasdaqLeverageSharesAThis 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.

$31.80−1.72 (−5.13%)

As of Nov 4, 2026, 3:04 PM ET

A74/ 100

Rank 1 of 380 in Single-Stock Long Leveraged

A74/100Rank 1 of 380inSingle-Stock Long Leveraged
Intraday session: down, 68 prints from 33.52 to 31.80. Range 31.32 to 34.14. Use the arrow keys to read each point.32.5033.0034.0010 AM12 PM2 PM4 PM
Expense ratio
0.76%
Fund size
$27M
1Y total return
+36.8%
Yield · Last 12 months
No data
Holdings
5
Avg volume · 30D
69K sh
52W range
low $20.73high $51.24
Launched

The ETF.net TSMG Grade

Based on 5 of 6 pillars

A

Score 74 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
1 of 380
Six-pillar profile for TSMG. Scores out of 100: Cost 70, Risk 85, Mission 80, Tradability 76, Holdings not scored, Durability 67. Strongest: Risk (85). Weakest: Durability (67). Based on 5 of 6 pillars.

Score 74 of 100 falls in the A 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 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A80 out of 100
    Rank 121 of 151

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A85 out of 100
    Rank 20 of 368

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A76 out of 100
    Rank 56 of 380

  • 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.
    B67 out of 100
    Rank 74 of 380

Our read on TSMG

ETF.net Research

In short

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

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

Worth knowing

  • The 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
  • One stock, one industry. Everything rides on Taiwan Semiconductor, doubled, so company-specific news lands twice as hard.
  • Young 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 Performance

Launched Jan 14, 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.
TSMG$13,684
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,158
Nov 3, 2025 to Nov 3, 2026. TSMG $13,684. SPY $11,158. Use the arrow keys to read each point.$10,000$15,000$20,000Nov 2025May 2026Nov 2026

Nov 3, 2025 – Nov 3, 2026

Returns run to the Nov 3, 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+41.2%
1 month−28.6%
3 months−5.9%
1 year+36.8%
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 TSMG
YearReturn barTSMG
2026 YTD+41.2%
2025+76.5%

Since listing, Jan 14, 2025

TSMG in the news

TSMG Dividends

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

$10,000 in TSMG 1 year ago paid $1,073 in dividends.

TSMG Risk

Risk pillarA85 out of 100Rank 20 of 368 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.
77.9%
Annualised · 21 months to Oct 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.
0.97
vs 3-month T-bills · 21 months to Oct 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%
21 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.
3.81
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.

TSMG Cost

Compare TSMG and GOGL

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

$10,501

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

  • TSMG 0.76%

    $14,656

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • TSMG 0.76%
  • 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$15K051015202530TSMG $14,656GOGL $4,155

Year by year

YearTSMGGOGLOverpaying
10$1,353$365$988
20$5,142$1,421$3,721
30$14,656$4,155$10,501

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