AAPU vs TSMG

AAPUBDirexion Daily AAPL Bull 2X Shares

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

AAPU Two-times daily Apple, in a ticker. AAPU aims for 200% of AAPL's daily move without a margin account or an options screen, and it has been doing the job since 2022 at a fee below its leveraged single-stock peers' typical rate.

TSMG Two 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

AAPU The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Apple Inc.'s common shares.

TSMG 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

• AAPU Simple mechanism: the fund seeks 200% of Apple's daily share performance before fees, so one trade replaces a margined AAPL position or a call spread.direxion.com
• At 0.96% a year it undercuts the typical fee in its leveraged single-stock cohort, and comes in cheaper than AAPX, the other fund built on the same Apple exposure (1.05%).
• One of the more actively traded names in a category full of thin tickers, which matters when you are trading a daily-reset product rather than holding it.
• Tracks its 2x daily target closely and ranks in the top tier of its 200-plus fund peer group on implementation quality.

• TSMG 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

• AAPU The 2x target resets every day. Hold longer than a day and compounding takes over, so results over a week or a year can look very different from twice Apple's move over that stretch.
• One company, doubled. There is no diversification here: an iPhone cycle, a court ruling, or a single earnings night drives the whole position.
• Leverage costs money. The financing built into the exposure plus a 0.96% fee is a headwind the underlying stock does not carry.

• TSMG 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.

Full AAPU profile⁠

Full TSMG profile⁠