ARMW vs TSMG

ARMWBRoundhill ARM WeeklyPay ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

ARMW No sold calls here. ARMW uses swaps to target 1.2x Arm Holdings' calendar-week total return and pays shareholders every week, resetting its exposure at the final close of each week. Fee: 1.00%, 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

ARMW The fund seeks weekly shareholder distributions and, as a secondary objective, calendar-week returns before fees and expenses equal to 1.2 times Arm Holdings plc common shares' calendar-week total return.

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

• ARMW It writes no options. The fund targets 1.2x Arm's weekly total return through swaps, so the upside isn't capped the way a covered-call income fund's is.roundhillinvestments.com
• Leverage resets at the close of the last trading day of each calendar week, so the compounding math runs off weekly moves, not daily ones.sec.gov
• Distributions land weekly, sized by a formula that reads Arm's recent total return and implied volatility rather than option premium collected.sec.gov
• Sits in the top tier of a crowded single-stock leverage group, with an actively managed structure built around the 1.2x weekly mandate in its prospectus.

• 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

• ARMW 1.00% a year, no waiver, and near the going rate for leveraged single-stock funds. ARMG, which also references Arm, charges 0.78%.
• The payout formula moves with Arm's recent return and implied volatility, so the weekly amount is variable by design, not a fixed rate.sec.gov
• One chip-design company, geared 1.2x. The prospectus says it is not meant for investors seeking daily exposure, and the fund only launched in 2025.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 ARMW profile⁠

Full TSMG profile⁠