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Launched

Leverage Shares 2x Long TSM Daily ETF

TSMGNasdaqAThis 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.

$41.27+0.02 (+0.06%)

At close: Oct 13, 2026, 4:00 PM

A71/ 100

Rank 4 of 380 in Single-Stock Long Leveraged

A71/100Rank 4 of 380inSingle-Stock Long Leveraged
Intraday session: up, 74 prints from 41.25 to 41.27. Range 40.10 to 41.27. Use the arrow keys to read each point.40.2540.5040.7541.0010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$33M
1Y total return
+95.0%
Yield · Last 12 months
Data unavailable
Holdings
5
Avg volume · 30D
0.1M sh
NAV per share
$42.86
52W range
low $20.73high $51.24
Launched

The ETF.net TSMG Grade

Based on 5 of 6 pillars

A

Score 71 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
4 of 380
Six-pillar profile for TSMG. Scores out of 100: Cost 67, Risk 82, Mission 78, Tradability 74, Holdings not scored, Durability 66. Strongest: Risk (82). Weakest: Durability (66). Based on 5 of 6 pillars.

Score 71 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.
    B67 out of 100
    Rank 87 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A78 out of 100
    Rank 128 of 148

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A82 out of 100
    Rank 28 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A74 out of 100
    Rank 67 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.
    B66 out of 100
    Rank 83 of 380

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 Oct 11, 2026
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$4M151
005—Taiwan Semiconductor Manufacturing Co Ltd-Swap-Nbcb-L5.07%3,800$2M1

Showing 1–5 of 5 holdings

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$19,505
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. TSMG $19,505. SPY $12,044. Use the arrow keys to read each point.$8,128$16,699$25,271Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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+73.7%
1 month+4.2%
3 months−0.8%
1 year+95.0%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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+73.7%
2025+76.5%

Since listing, Jan 14, 2025

TSMG in the news

Filtered to TSMG · Single-Stock Long Leveraged

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

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.
76.2%
Annualised · 20 months to Sep 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.
1.23
vs 3-month T-bills · 20 months to Sep 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.
3.81
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.

TSMG Cost

Expense ratio0.75%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

86 of the 333 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.

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