CBRG vs TSMG

CBRGBLeverage Shares 2X Long CBRS Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

CBRG Cerebras barely finished its IPO before this arrived: 2x daily exposure to the wafer-scale AI chipmaker, in an ETF wrapper rather than a margin account, at 0.75% while the typical single-stock leveraged fund runs near 1.15%.

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

CBRG The fund seeks daily investment results equal to 200% of the daily performance of Cerebras Systems common 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

• CBRG At 0.75%, it undercuts the roughly 1.15% median fee in its single-stock leveraged cohort and matches the cheapest Leverage Shares siblings, like the 2x UNH fund (UNHG).
• The mechanism is plain: 200% of Cerebras's daily move before fees, in a 1940 Act ETF you buy like any share. No margin account to open, no borrow to arrange.leverageshares.comcboe.com
• Pure play, not a basket. The exposure rides one company's wafer-scale AI compute story instead of getting diluted across two dozen other chip names.leverageshares.comcerebras.ai
• For a fund this new, it already changes hands actively, which tends to keep entry and exit spreads reasonable.

• 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

• CBRG Daily reset compounds. Hold past one day and results can drift from 2x the stock's move; the fund's own factsheet warns it can lose money even if Cerebras is flat.leverageshares.com
• Double exposure to one young chip stock cuts both ways, and the listing materials frame these as short-term tools for active traders.cboe.com
• History is thin: the fund launched in 2026, right after the Cerebras IPO, so there is little data on how it acts across a full cycle.leverageshares.combenzinga.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 CBRG profile⁠

Full TSMG profile⁠