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ADBG vs TSMG

Leverage Shares 2x Long ADBE Daily ETF

ADBGBNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

TSMG −0.01pt a year

ADBG0.77%TSMG0.76%

Avg volume · 30D

ADBG 61.2×the volume

ADBG4.22MTSMG69K

ADBG vs TSMG Performance

Oct 31, 2025 – Oct 30, 2026

−60.3%ADBG+40.8%TSMG

Oct 31, 2025 to Oct 30, 2026. ADBG −60.3%. TSMG +40.8%. Use the arrow keys to read each point.0%100%Oct 2025Apr 2026Oct 2026
Expense ratio
ADBG 0.77%
TSMG 0.76%, better
Fund size
ADBG $23M
TSMG $28M
1Y total return
ADBG −60.3%
TSMG +40.8%, better
Holdings
ADBG 5
TSMG 5
Avg volume (30D)
ADBG 4.22M sh, better
TSMG 69K sh
NAV per share
ADBG $3.95
TSMG $33.77
52W range

ETF.net Grade

ADBG: Cost 60, Risk 53, Mission 96, Tradability 85, Holdings not scored, Durability 64. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for ADBG, TSMG, with each pillar’s weight
PillarADBGTSMG
Cost30% weightB60A70Higher
Mission25% weightA96HigherA79
Risk15% weightC53A84Higher
Tradability15% weightA85HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightB64B67Higher

Rank among Single-Stock Long Leveraged funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. ADBG and TSMG are both graded against the same 315 Single-Stock Long Leveraged funds, so their Grades compare head to head.

Single-Stock Long Leveraged⁠

Category · 315 funds
See all 315 ›

TSMG ranks 1st and ADBG 23rd of 315 funds in the Single-Stock Long Leveraged Category.

  1. Rank 1ATSMGLeverage Shares 2x Long TSM Daily ETFScore 73
  2. Rank 2AUNHGLeverage Shares 2x Long UNH Daily ETFScore 72
  3. Rank 18BTERGLeverage Shares 2X Long TER Daily ETFScore 65
  4. Rank 23BADBGLeverage Shares 2x Long ADBE Daily ETFScore 64
  5. Rank 23BPYPGLeverage Shares 2x Long PYPL Daily ETFScore 64

Our read on each fund

ETF.net Research

ADBGBLeverage Shares 2x Long ADBE Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

ADBG Two times Adobe's daily move, wrapped in something you can trade like a stock. Live since March 2025, a year ahead of the rival 2x ADBE fund, swap-backed, reset every day, 0.77% with no waiver.

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

ADBG The fund seeks daily investment results, before fees and expenses, corresponding to 200% (2x) of the daily performance of Adobe stock.

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

  • ADBG 0.77% flat, no waiver, and below the median for the 365 leveraged single-stock funds we price. The cheap end of a shelf that rarely competes on fee.
  • Day to day, it has stayed close to its 200% target. For a daily-reset fund, that is the entire job.leverageshares.com
  • Actively traded, and one of the stronger implementations in a leveraged single-stock field of roughly 380 funds.
  • Exposure comes from swap agreements with major banks inside a 1940 Act ETF, so no margin account or borrowing on your end.leverageshares.com
  • 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

  • ADBG The 2x target resets daily. Leverage Shares notes the fund can lose value over time even if Adobe ends up flat, especially in choppy markets.leverageshares.com
  • One stock, doubled. Nothing in the portfolio softens an Adobe earnings gap or a rough guidance day.
  • Returns ride on swaps rather than owned Adobe shares, which puts the bank on the other side of the trade on your risk list.leverageshares.com
  • 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 ADBG profile⁠

Full TSMG profile⁠

ADBG vs TSMG Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ADBG vs TSMG Cost

Overpaying ADBG vs TSMG

$173

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

  • ADBG 0.77%

    $14,829

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • ADBG 0.77%
  • TSMG 0.76%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530ADBG $14,829TSMG $14,656

Year by year

YearADBGTSMGOverpaying
10$1,371$1,353$18
20$5,205$5,142$63
30$14,829$14,656$173

Expense ratio

  • 0.77%ADBG
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 315 funds

ADBG 135th cheapest of 315 funds

ADBG vs TSMG Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
ADBG None
TSMG No data
Last payment
ADBG No data
TSMG $2.73
Ex-dividend
ADBG No data
TSMG Dec 30, 2025
Paid on
ADBG No data
TSMG Jan 2, 2026
Frequency
ADBG No data
TSMG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

ADBGAll ADBG payments⁠

No distribution history available.

TSMGIrregular · 1 paymentAll TSMG payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $2.73. Use the arrow keys to read each point.$0$2.502026YTD

ADBG vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ADBG 76.7%since Apr 2025TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
ADBG −0.71since Apr 2025TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
ADBG −84.1%since Mar 2025TSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
ADBG 1.57TSMG 3.81

Popular comparisons

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    Leverage Shares 2x Long ADBE Daily ETF · Leverage Shares 2x Long UNH Daily ETF

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    Category
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  • TSMGAvsUNHGA

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