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ARMG vs TSMG

Leverage Shares 2x Long ARM Daily ETF

ARMGBNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

TSMG −0.02pt a year

ARMG0.78%TSMG0.76%

Avg volume · 30D

ARMG 14.9×the volume

ARMG1.03MTSMG69K

ARMG vs TSMG Performance

Oct 31, 2025 – Oct 30, 2026

−30.9%ARMG+40.8%TSMG

Oct 31, 2025 to Oct 30, 2026. ARMG −30.9%. TSMG +40.8%. Use the arrow keys to read each point.100%200%300%Oct 2025May 2026Oct 2026
Expense ratio
ARMG 0.78%
TSMG 0.76%, better
Fund size
ARMG $51M
TSMG $28M
1Y total return
ARMG −30.9%
TSMG +40.8%, better
Holdings
ARMG 5
TSMG 5
Avg volume (30D)
ARMG 1.03M sh, better
TSMG 69K sh
NAV per share
ARMG $9.96
TSMG $33.77
52W range

ETF.net Grade

ARMG: Cost 60, Risk 52, Mission 100, Tradability 89, Holdings not scored, Durability 69. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for ARMG, TSMG, with each pillar’s weight
PillarARMGTSMG
Cost30% weightB60A70Higher
Mission25% weightA100HigherA79
Risk15% weightC52A84Higher
Tradability15% weightA89HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightB69HigherB67

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. ARMG 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 ARMG 18th 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 15BSNDGLeverage Shares 2X Long SNDK Daily ETFScore 66
  4. Rank 18BARMGLeverage Shares 2x Long ARM Daily ETFScore 65
  5. Rank 18BBEGLeverage Shares 2x Long BE Daily ETFScore 65

Our read on each fund

ETF.net Research

ARMGBLeverage Shares 2x Long ARM Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

ARMG Arm Holdings, doubled by the day. ARMG aims for 200% of ARM's daily move, resets every night, and charges 0.78% a year, below the typical fee in the single-stock leveraged crowd.

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

ARMG The fund seeks daily investment results equal to 200% of the daily performance of Arm Holdings plc stock, 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

  • ARMG Fee is 0.78% with no waiver holding it down, so the number shouldn't move. That undercuts the rival 2x ARM fund (ARMW, 1.00%) and sits below the category's typical charge.
  • It has tracked its stated 2x daily objective tightly, one of the stronger implementations in a category stuffed with hundreds of single-stock leveraged funds.
  • The leverage lives inside the fund: no margin account, no margin calls, and losses stop at the amount invested, per the issuer's fund summary.leverageshares.com
  • Actively traded on Nasdaq since its January 2025 launch, which matters for a product built to be bought and sold inside a single session.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

  • ARMG The 2x target applies to one trading day. Hold longer and each day's return compounds: a choppy ARM that ends where it started can still leave the fund behind.sec.gov
  • The math cuts both ways at speed. Per the issuer, an ARM drop of more than 50% in one session would wipe out the full value of an investment.leverageshares.com
  • Everything rides on one chip-design company. The fund is non-diversified, so an ARM earnings gap or licensing headline lands here at double size.sec.gov
  • 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 ARMG profile⁠

Full TSMG profile⁠

ARMG 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.

ARMG vs TSMG Cost

Overpaying ARMG vs TSMG

$346

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

  • ARMG 0.78%

    $15,002

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • ARMG 0.78%
  • 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$15K$20K051015202530ARMG $15,002TSMG $14,656

Year by year

YearARMGTSMGOverpaying
10$1,388$1,353$35
20$5,268$5,142$126
30$15,002$14,656$346

Expense ratio

  • 0.78%ARMG
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 315 funds

ARMG 142nd cheapest of 315 funds

ARMG vs TSMG Dividends

Last 12 months to Oct 30, 2026
Last payment
ARMG $0.28
TSMG $2.73
Ex-dividend
ARMG Dec 30, 2025
TSMG Dec 30, 2025
Paid on
ARMG Jan 2, 2026
TSMG Jan 2, 2026
Frequency
ARMG Irregular
TSMG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

ARMGIrregular · 1 paymentAll ARMG payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $0.28. Use the arrow keys to read each point.$0$2.502026YTD
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

ARMG vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ARMG 175.0%since Feb 2025TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
ARMG 0.47since Feb 2025TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
ARMG −84.1%since Jan 2025TSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
ARMG 6.89TSMG 3.81

Popular comparisons

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

    Expense ratio
    0.78% · 0.77%
    Category
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  • TSMGAvsUNHGA

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