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AVXX vs TSMG

Defiance Daily Target 2X Long AVAV ETF

AVXXDNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

TSMG −0.55pt a year

AVXX1.31%TSMG0.76%

Avg volume · 30D

AVXX 2.1×the volume

AVXX144KTSMG69K

AVXX vs TSMG Performance

Oct 31, 2025 – Nov 2, 2026

−95.0%AVXX+36.4%TSMG

Oct 31, 2025 to Nov 2, 2026. AVXX −95.0%. TSMG +36.4%. Use the arrow keys to read each point.−50%0%100%Oct 2025May 2026Nov 2026
Expense ratio
AVXX 1.31%
TSMG 0.76%, better
Fund size
AVXX $11M
TSMG $28M
1Y total return
AVXX −95.0%
TSMG +36.4%, better
Holdings
AVXX 8
TSMG 5
Avg volume (30D)
AVXX 144K sh, better
TSMG 69K sh
NAV per share
AVXX $15.98
TSMG $33.77
52W range

ETF.net Grade

AVXX: Cost 25, Risk 24, Mission 84, Tradability 41, Holdings not scored, Durability 63. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for AVXX, TSMG, with each pillar’s weight
PillarAVXXTSMG
Cost30% weightD25A70Higher
Mission25% weightA84HigherA79
Risk15% weightF24A84Higher
Tradability15% weightC41A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB63B67Higher

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. AVXX 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 AVXX 272nd 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 271DAPHUT-REX 2X Long APH Daily Target ETFScore 32
  4. Rank 272DAVXXDefiance Daily Target 2X Long AVAV ETFScore 31
  5. Rank 272DPDDLGraniteShares 2x Long PDD Daily ETFScore 31

Our read on each fund

ETF.net Research

AVXXDDefiance Daily Target 2X Long AVAV ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

AVXX One ticker, one stock, double the daily move. AVXX targets 2x AeroVironment's (AVAV) daily percentage change and resets every session, so its math is built around single days, not long stretches.

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

AVXX The fund seeks amplified long exposure to AeroVironment Inc., with daily results targeted at two times the underlying stock's daily percentage change.

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

  • AVXX Clean packaging for a leveraged single-name trade: 2x daily exposure to AVAV through an ordinary brokerage order, with no margin account and no options chain to manage.defianceetfs.com
  • Delivery matches the label: day to day, the fund has tracked its stated 2x daily target closely.
  • Narrow by design. This is the concentrated version of the trade, amplified exposure to a single company rather than a diluted basket, and it changes hands actively for a young fund.
  • 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

  • AVXX The fee runs 1.31%, above what several established 2x single-stock funds charge (GGLL and AAPU at 0.96%, UNHG and ASMG at 0.75%).
  • Daily reset: hold longer than a session and results can drift well away from 2x AVAV's move over that stretch, especially in choppy markets.
  • Everything rides on one company's headlines, and the 2x multiple magnifies drawdowns as readily as gains. Launched in 2025, so the record is short.
  • 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 AVXX profile⁠

Full TSMG profile⁠

AVXX 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.

AVXX vs TSMG Cost

Overpaying AVXX vs TSMG

$8,863

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

  • AVXX 1.31%

    $23,519

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • AVXX 1.31%
  • 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$20K$25K051015202530AVXX $23,519TSMG $14,656

Year by year

YearAVXXTSMGOverpaying
10$2,280$1,353$927
20$8,450$5,142$3,308
30$23,519$14,656$8,863

Expense ratio

  • 1.31%AVXX
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 315 funds

AVXX 236th cheapest of 315 funds

AVXX vs TSMG Dividends

Last 12 months to Nov 2, 2026
Last payment
AVXX $0.43
TSMG $2.73
Ex-dividend
AVXX Dec 30, 2025
TSMG Dec 30, 2025
Paid on
AVXX Dec 31, 2025
TSMG Jan 2, 2026
Frequency
AVXX Irregular
TSMG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

AVXXIrregular · 1 paymentAll AVXX payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $0.43. 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

AVXX vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AVXX 78.3%since Nov 2025TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
AVXX −2.93since Nov 2025TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
AVXX −95.6%since Oct 2025TSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
AVXX 4.27TSMG 3.81

Popular comparisons

  • AVXXDvsUNHGA

    Defiance Daily Target 2X Long AVAV ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    1.31% · 0.77%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TSMGAvsUNHGA

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

    Expense ratio
    0.76% · 0.77%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • AVXXDvsOKTGA

    Defiance Daily Target 2X Long AVAV ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    1.31% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TSMGAvsOKTGA

    Leverage Shares 2x Long TSM Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    0.76% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • AVXXDvsPANGA

    Defiance Daily Target 2X Long AVAV ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    1.31% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TSMGAvsPANGA

    Leverage Shares 2x Long TSM Daily ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    0.76% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.