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BTDL vs TSMG

GraniteShares 2x Long BTDR Daily ETF

BTDLFNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

TSMG −0.74pt a year

BTDL1.50%TSMG0.76%

Avg volume · 30D

TSMG 1.6×the volume

BTDL42KTSMG69K

BTDL vs TSMG Performance

Jul 31, 2026 – Nov 2, 2026

−75.8%BTDL−7.6%TSMG

Jul 31, 2026 to Nov 2, 2026. BTDL −75.8%. TSMG −7.6%. Use the arrow keys to read each point.−50%−25%25%Jul 2026Sep 2026Nov 2026
Expense ratio
BTDL 1.50%
TSMG 0.76%, better
Fund size
BTDL $2M
TSMG $28M
1Y total return
BTDL No data
TSMG +36.4%
Holdings
BTDL 2
TSMG 5
Avg volume (30D)
BTDL 42K sh
TSMG 69K sh, better
NAV per share
BTDL $4.82
TSMG $33.77
52W range

ETF.net Grade

BTDL: Cost 11, Risk 24, Mission not scored, Tradability 39, Holdings not scored, Durability 40. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for BTDL, TSMG, with each pillar’s weight
PillarBTDLTSMG
Cost30% weightF11A70Higher
Mission25% weightNot scoredA79
Risk15% weightF24A84Higher
Tradability15% weightD39A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC40B67Higher

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. BTDL 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 BTDL 301st 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 298FGLXUT-REX 2X Long GLXY Daily Target ETFScore 23
  4. Rank 301FBTDLGraniteShares 2x Long BTDR Daily ETFScore 22
  5. Rank 302FONDUTradr 2X Long ONDS Daily ETFScore 21

Our read on each fund

ETF.net Research

BTDLFGraniteShares 2x Long BTDR Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

BTDL No data

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

BTDL No data

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

BTDL No data

  • 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

BTDL No data

  • 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 BTDL profile⁠

Full TSMG profile⁠

BTDL 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.

BTDL vs TSMG Cost

Overpaying BTDL vs TSMG

$11,627

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

  • BTDL 1.50%

    $26,283

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • BTDL 1.50%
  • TSMG 0.76%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530BTDL $26,283TSMG $14,656

Year by year

YearBTDLTSMGOverpaying
10$2,590$1,353$1,237
20$9,519$5,142$4,377
30$26,283$14,656$11,627

Expense ratio

  • 1.50%BTDL
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 315 funds

BTDL 271st cheapest of 315 funds

BTDL vs TSMG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

BTDLAll BTDL 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

BTDL vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BTDL No dataTSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
BTDL No dataTSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
BTDL No dataTSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
BTDL 0.00TSMG 3.81

Popular comparisons

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    GraniteShares 2x Long BTDR Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
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    Category
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  • TSMGAvsUNHGA

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    Category
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