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BMNG vs TSMG

Leverage Shares 2x Long BMNR Daily ETF

BMNGCNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

TSMG −0.02pt a year

BMNG0.78%TSMG0.76%

Avg volume · 30D

BMNG 9.8×the volume

BMNG680KTSMG69K

BMNG vs TSMG Performance

Oct 31, 2025 – Nov 2, 2026

−94.3%BMNG+36.4%TSMG

Oct 31, 2025 to Nov 2, 2026. BMNG −94.3%. TSMG +36.4%. Use the arrow keys to read each point.−50%0%100%Oct 2025May 2026Nov 2026
Expense ratio
BMNG 0.78%
TSMG 0.76%, better
Fund size
BMNG $31M
TSMG $28M
1Y total return
BMNG −94.3%
TSMG +36.4%, better
Holdings
BMNG 6
TSMG 5
Avg volume (30D)
BMNG 680K sh, better
TSMG 69K sh
NAV per share
BMNG $15.45
TSMG $33.77
52W range

ETF.net Grade

BMNG: Cost 60, Risk 23, Mission 86, Tradability 75, Holdings not scored, Durability 61. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for BMNG, TSMG, with each pillar’s weight
PillarBMNGTSMG
Cost30% weightB60A70Higher
Mission25% weightA86HigherA79
Risk15% weightF23A84Higher
Tradability15% weightA75HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightB61B67Higher

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. BMNG 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 BMNG 71st 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 71CAAOGLeverage Shares 2X Long AAOI Daily ETFScore 54
  4. Rank 71CBMNGLeverage Shares 2x Long BMNR Daily ETFScore 54
  5. Rank 71CCIFGLeverage Shares 2x Long CIFR Daily ETFScore 54

Our read on each fund

ETF.net Research

BMNGCLeverage Shares 2x Long BMNR Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

BMNG BitMine's balance sheet is mostly Ethereum. BMNG aims to deliver 200% of that stock's daily move, so you are stacking leverage on something that already trades like a crypto proxy. Fee: 0.78%, 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

BMNG The fund seeks daily investment results, before fees and expenses, corresponding to 200% of the daily performance of BitMine stock, identified as BMNR.

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

  • BMNG One job, stated plainly: 200% of BitMine stock's daily move, reset every day. No stock picking, no index to second-guess.
  • 0.78% all-in, with no waiver propping up the number, which lands below the typical fee in the single-stock leveraged category.
  • Actively traded, and it has stayed close to its stated daily target, which is more than you can say for every ticker in this crowded field.
  • 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

  • BMNG The 2x target resets daily. Through a choppy stretch, results can drift well away from twice the stock's move over that same span.
  • BitMine already swings with Ethereum, which it holds in size. Doubling that daily puts BMNG among the most volatile things on a US exchange.prnewswire.com
  • Launched in 2025, so the track record is short, and it makes no distributions. The whole case here is price movement.
  • 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 BMNG profile⁠

Full TSMG profile⁠

BMNG 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.

BMNG vs TSMG Cost

Overpaying BMNG vs TSMG

$346

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

  • BMNG 0.78%

    $15,002

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • BMNG 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$20K051015202530BMNG $15,002TSMG $14,656

Year by year

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

Expense ratio

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

TSMG 131st cheapest of 315 funds

BMNG 142nd cheapest of 315 funds

BMNG vs TSMG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

BMNGAll BMNG 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

BMNG vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BMNG 168.0%since Nov 2025TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
BMNG −0.80since Nov 2025TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
BMNG −97.3%since Oct 2025TSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
BMNG 1.83TSMG 3.81

Popular comparisons

  • BMNGCvsUNHGA

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

    Expense ratio
    0.78% · 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.

  • BMNGCvsOKTGA

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

    Expense ratio
    0.78% · 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.

  • BMNGCvsPANGA

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

    Expense ratio
    0.78% · 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.