AMA vs TSMG

AMACDefiance Daily Target 2X Long AMAT ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

AMA The first ETF to bolt 2x daily leverage onto Applied Materials, the company whose machines help make the chips. One stock, double the daily move, reset every night, at a 1.31% expense ratio.

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

AMA The Fund seeks daily investment results equal to two times the daily percentage change in Applied Materials, Inc.'s share price, before fees and expenses.

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

• AMA First ETF built to give 2x daily exposure to Applied Materials, the equipment maker whose tools sit upstream of nearly every chip. Launched in 2026.defianceetfs.cometfgi.com
• The mandate is literal: two times AMAT's daily percentage change, before fees and expenses. No index to drift from, no stock picking, one name and one multiple.defianceetfs.com
• Holds to that mandate closely enough to sit in the upper half of a crowded single-stock leveraged field, and it changes hands at moderate volume.

• 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

• AMA Leverage resets daily. Hold longer and results compound off each day's move, which can diverge sharply from twice AMAT's return over the same stretch.
• The 1.31% expense ratio sits above the category median; 2x peers such as TSMG (0.76%) and OKTG (0.75%) charge less, though neither tracks Applied Materials.
• One stock, doubled: AMAT earnings nights and turns in the chip-equipment cycle land here with twice the force. It is also still a young, small fund.

• 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 AMA profile⁠

Full TSMG profile⁠