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BEX vs TSMG

Tradr 2X Long BE Daily ETF

BEXCCboe

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

TSMG −0.54pt a year

BEX1.30%TSMG0.76%

Avg volume · 30D

BEX 39.5×the volume

BEX2.72MTSMG69K

BEX vs TSMG Performance

Dec 31, 2025 – Oct 30, 2026

+89.9%BEX+41.5%TSMG

Dec 31, 2025 to Oct 30, 2026. BEX +89.9%. TSMG +41.5%. Use the arrow keys to read each point.200%400%600%800%Dec 2025Jun 2026Oct 2026
Expense ratio
BEX 1.30%
TSMG 0.76%, better
Fund size
BEX $173M
TSMG $28M
1Y total return
BEX No data
TSMG +40.8%
Holdings
BEX 1
TSMG 5
Avg volume (30D)
BEX 2.72M sh, better
TSMG 69K sh
NAV per share
BEX $17.84
TSMG $33.77
52W range

ETF.net Grade

BEX: Cost 32, Risk 46, Mission 87, Tradability 84, Holdings not scored, Durability 70. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for BEX, TSMG, with each pillar’s weight
PillarBEXTSMG
Cost30% weightD32A70Higher
Mission25% weightA87HigherA79
Risk15% weightC46A84Higher
Tradability15% weightA84HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightA70HigherB67

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. BEX 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 BEX 84th 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 82CLMTLDirexion Daily LMT Bull 2X ETFScore 51
  4. Rank 84CBEXTradr 2X Long BE Daily ETFScore 50
  5. Rank 84CBOEUDirexion Daily BA Bull 2X ETFScore 50

Our read on each fund

ETF.net Research

BEXCTradr 2X Long BE Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

BEX One stock, twice the daily swing. BEX aims to deliver two times Bloom Energy's daily move, resetting every session, and it is one of only two US ETFs offering leveraged exposure to the fuel-cell maker.

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

BEX The fund seeks daily investment results, before fees and expenses, equal to two times the daily performance of Bloom Energy Corporation 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

  • BEX Does exactly one thing: two times Bloom Energy's daily move, before fees. No index committee, no basket, no guessing what is inside.tradretfs.com
  • Amplified BE exposure inside a 1940 Act ETF wrapper, so no margin account, no borrowing paperwork, no margin call at 3am.tradretfs.com
  • Tracks its 2x daily target closely, which puts it in the upper half of a crowded leveraged single-stock field.
  • Trades actively for a fund this young, so getting in and out has not required hunting for a counterparty.
  • 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

  • BEX At 1.30% a year, it sits at the pricier end of the leveraged single-stock shelf. BEG offers the same 2x BE exposure at 0.75%.
  • The 2x target applies to a single day. Because leverage resets daily, multi-day results can drift well away from twice BE's return, in either direction.
  • One stock, geared up: this is concentration on top of leverage, and the fund launched in late 2025, so there is little history to study.
  • 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 BEX profile⁠

Full TSMG profile⁠

BEX 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.

BEX vs TSMG Cost

Overpaying BEX vs TSMG

$8,713

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

  • BEX 1.30%

    $23,369

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • BEX 1.30%
  • 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$25K051015202530BEX $23,369TSMG $14,656

Year by year

YearBEXTSMGOverpaying
10$2,263$1,353$910
20$8,393$5,142$3,251
30$23,369$14,656$8,713

Expense ratio

  • 1.30%BEX
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 315 funds

BEX 229th cheapest of 315 funds

BEX vs TSMG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

BEXAll BEX 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

BEX vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BEX No dataTSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
BEX No dataTSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
BEX No dataTSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
BEX 18.83TSMG 3.81

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