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ANEL vs TSMG

Defiance Daily Target 2X Long ANET ETF

ANELCNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

TSMG −0.69pt a year

ANEL1.45%TSMG0.76%

Avg volume · 30D

ANEL 3.5×the volume

ANEL241KTSMG69K

ANEL vs TSMG Performance

Oct 31, 2025 – Oct 30, 2026

−27.7%ANEL+40.8%TSMG

Oct 31, 2025 to Oct 30, 2026. ANEL −27.7%. TSMG +40.8%. Use the arrow keys to read each point.−50%0%75%100%Oct 2025Apr 2026Oct 2026
Expense ratio
ANEL 1.45%
TSMG 0.76%, better
Fund size
ANEL $10M
TSMG $28M
1Y total return
ANEL −27.7%
TSMG +40.8%, better
Holdings
ANEL 8
TSMG 5
Avg volume (30D)
ANEL 241K sh, better
TSMG 69K sh
NAV per share
ANEL $17.98
TSMG $33.77
52W range

ETF.net Grade

ANEL: Cost 19, Risk 70, Mission 95, Tradability 65, Holdings not scored, Durability 64. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for ANEL, TSMG, with each pillar’s weight
PillarANELTSMG
Cost30% weightF19A70Higher
Mission25% weightA95HigherA79
Risk15% weightA70A84Higher
Tradability15% weightB65A74Higher
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. ANEL 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 ANEL 109th 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 102CNOWLGraniteShares 2x Long NOW Daily ETFScore 45
  4. Rank 109CANELDefiance Daily Target 2X Long ANET ETFScore 44
  5. Rank 109CORCXDaily Target 2X Long ORCL ETFScore 44

Our read on each fund

ETF.net Research

ANELCDefiance Daily Target 2X Long ANET ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

ANEL Geared Arista Networks in one ticker: ANEL targets 200% of ANET's daily move via swaps, no margin account needed. A one-day trading tool carrying a 1.45% fee with no waiver, above what rival 2x funds charge.

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

ANEL The fund seeks two times the daily return of Arista Networks, Inc. before fees and expenses, using a single-day leveraged strategy rather than targeting results over longer periods.

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

  • ANEL Two times ANET's daily move before fees and expenses, through swap agreements. Geared exposure inside a cash brokerage account, no margin account or options approval required.defianceetfs.com
  • It has stayed close to its stated 2x daily target, the core job of a geared fund, and ranks in the upper half of a crowded single-stock leveraged field.
  • A single-ticker way to trade Arista, the cloud and AI data-center networking supplier, with the swing doubled in whichever direction the stock moves that day.defianceetfs.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

  • ANEL The 1.45% fee, with no waiver in place, sits above the category median and above 2x peers such as TSMG (0.76%) and OKTG (0.75%), neither of which waives fees.
  • The 2x target resets daily. Hold longer and compounding can push results well away from twice ANET's move over that stretch, especially in choppy markets.defianceetfs.com
  • One company carries the whole fund, so a single earnings report or guidance cut moves it twice as hard. It is also small and young, launched in 2025.
  • 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 ANEL profile⁠

Full TSMG profile⁠

ANEL 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.

ANEL vs TSMG Cost

Overpaying ANEL vs TSMG

$10,914

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

  • ANEL 1.45%

    $25,570

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • ANEL 1.45%
  • TSMG 0.76%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530ANEL $25,570TSMG $14,656

Year by year

YearANELTSMGOverpaying
10$2,509$1,353$1,156
20$9,241$5,142$4,099
30$25,570$14,656$10,914

Expense ratio

  • 1.45%ANEL
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 315 funds

ANEL 260th cheapest of 315 funds

ANEL vs TSMG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

ANELAll ANEL 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

ANEL vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ANEL 112.4%since Oct 2025TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
ANEL 0.23since Oct 2025TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
ANEL −56.5%since Sep 2025TSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
ANEL 6.04TSMG 3.81

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