ASMU vs TSMG

ASMUBDirexion Daily ASML Bull 2X ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

ASMU Two times the daily move of ASML, the one company making the EUV lithography machines cutting-edge chips require. Direxion's 2x wrapper resets every day, so it tracks a one-day objective rather than a long-run one.

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

ASMU The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of ASML Holding N.V.'s common shares.

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

• ASMU The underlying is ASML, the only supplier of EUV lithography systems. ASMU aims for 200% of that stock's daily move, before fees and expenses.asml.commarketsandmarkets.com
• Sticks close to the job it advertises: one of the tighter deliveries of its stated daily target in a crowded field of single-stock leveraged funds.
• Two times, not three. The declared multiple is 200% of the daily move, a milder dose of amplification than triple-leveraged single-stock wrappers.direxion.com
• Costs 0.97% net of a waiver through September 1, 2027 (0.99% gross), which sits near the typical fee for leveraged single-stock funds rather than above it.

• 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

• ASMU ASMG runs the same 2x ASML daily mandate for 0.77%, no waiver holding that number down. Same reference stock, lower sticker.
• Daily reset: hold past one day and the result depends on ASML's path, not just its net move. Choppy stretches eat into returns even if the stock lands flat.
• Launched in February 2026, so the record is short, and it trades moderately rather than heavily, which can mean wider spreads around the open and close.

• 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 ASMU profile⁠

Full TSMG profile⁠