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BULG vs TSMG

Leverage Shares 2x Long BULL Daily ETF

BULGCNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

TSMG −0.11pt a year

BULG0.87%TSMG0.76%

Avg volume · 30D

TSMG 6.3×the volume

BULG10.8KTSMG68.1K

BULG vs TSMG Performance

Nov 7, 2025 – Nov 9, 2026

−87.0%BULG+40.3%TSMG

Nov 7, 2025 to Nov 9, 2026. BULG −87.0%. TSMG +40.3%. Use the arrow keys to read each point.−50%0%100%Nov 2025May 2026Nov 2026
Expense ratio
BULG 0.87%
TSMG 0.76%, better
Fund size
BULG $2M
TSMG $24M
1Y total return
BULG −87.0%
TSMG +40.3%, better
Holdings
BULG 5
TSMG 6
Avg volume (30D)
BULG 10.8K sh
TSMG 68.1K sh, better
NAV per share
BULG $13.89
TSMG $28.23
52W range

ETF.net Grade

BULG: Cost 59, Risk 40, Mission 74, Tradability 48, Holdings not scored, Durability 46. TSMG: Cost 70, Risk 82, Mission 75, Tradability 76, Holdings not scored, Durability 66.
Pillar letters and Scores for BULG, TSMG, with each pillar’s weight
PillarBULGTSMG
Cost30% weightB59A70Higher
Mission25% weightA74A75Higher
Risk15% weightC40A82Higher
Tradability15% weightC48A76Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC46B66Higher

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. BULG and TSMG are both graded against the same 312 Single-Stock Long Leveraged funds, so their Grades compare head to head.

Single-Stock Long Leveraged⁠

Category · 312 funds
See all 312 ›

TSMG ranks 2nd and BULG 124th of 312 funds in the Single-Stock Long Leveraged Category.

  1. Rank 1AUNHGLeverage Shares 2x Long UNH Daily ETFScore 74
  2. Rank 2ATSMGLeverage Shares 2x Long TSM Daily ETFScore 73
  3. Rank 3ACOTGLeverage Shares 2X Long COST Daily ETFScore 70
  4. Rank 124CBRKLCorgi BRKB 2x Daily ETFScore 40
  5. Rank 124CBULGLeverage Shares 2x Long BULL Daily ETFScore 40
  6. Rank 124CCAMCCorgi CAMT 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

BULGCLeverage Shares 2x Long BULL Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

BULG Two times the daily move in Webull stock, wrapped in a 1940 Act ETF. The same daily-reset machinery Leverage Shares runs across its single-stock shelf, pointed at one young, headline-prone online broker.

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

BULG The fund seeks daily investment results equal to 200% of the daily performance of Webull Corp stock, before fees and expenses.

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

  • BULG The mandate is blunt: 200% of Webull's daily move before fees, reset each day. One stock, one multiple, no index committee or hedging overlay in between.leverageshares.com
  • Fee sits below the median for leveraged single-stock ETFs, a category running to hundreds of tickers.
  • A 1940 Act registered fund, exchange-listed: no margin account, no options approval, no swap paperwork of your own.leverageshares.com
  • One of dozens of near-identical 2x wrappers from the same shop (TSMG, OKTG, PANG). The machinery is well-worn; the underlying is the only real variable.
  • 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

  • BULG Daily reset means multi-day results compound off each new base. The issuer calls it a short-term tactical tool, often a single-day hold.leverageshares.com
  • No diversification by design: one company's headlines move this fund at double speed, in both directions.
  • Assets are modest and trading is light. Leverage Shares closed 13 subscale ETFs in October 2026, so fund size and spreads are worth watching.leverageshares.com
  • 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 BULG profile⁠

Full TSMG profile⁠

BULG 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.

BULG vs TSMG Cost

Overpaying BULG vs TSMG

$1,880

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

  • BULG 0.87%

    $16,536

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • BULG 0.87%
  • 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$20K051015202530BULG $16,536TSMG $14,656

Year by year

YearBULGTSMGOverpaying
10$1,542$1,353$189
20$5,830$5,142$688
30$16,536$14,656$1,880

Expense ratio

  • 0.87%BULG
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 312 funds

BULG 151st cheapest of 312 funds

BULG vs TSMG Dividends

Last 12 months to Nov 9, 2026
Payout (12M)
BULG None
TSMG No data
Last payment
BULG No data
TSMG $2.73
Ex-dividend
BULG No data
TSMG Dec 30, 2025
Paid on
BULG No data
TSMG Jan 2, 2026
Frequency
BULG No data
TSMG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

BULGAll BULG 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

BULG vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BULG 151.8%since Sep 2025TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
BULG −0.79since Sep 2025TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
BULG −96.1%since Aug 2025TSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
BULG 8.28TSMG 3.98

Popular comparisons

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  • TSMGAvsUNHGA

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