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CRCA vs TSMG

ProShares Ultra CRCL

CRCABNYSE Arca

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

TSMG −0.19pt a year

CRCA0.95%TSMG0.76%

Avg volume · 30D

CRCA 14.9×the volume

CRCA1.03MTSMG69K

CRCA vs TSMG Performance

Oct 31, 2025 – Nov 2, 2026

−89.5%CRCA+36.4%TSMG

Oct 31, 2025 to Nov 2, 2026. CRCA −89.5%. TSMG +36.4%. Use the arrow keys to read each point.−50%0%100%Oct 2025May 2026Nov 2026
Expense ratio
CRCA 0.95%
TSMG 0.76%, better
Fund size
CRCA $75M
TSMG $28M
1Y total return
CRCA −89.5%
TSMG +36.4%, better
Yield (12M)
CRCA 6.28%
TSMG No data
Holdings
CRCA 1
TSMG 5
Avg volume (30D)
CRCA 1.03M sh, better
TSMG 69K sh
NAV per share
CRCA $12.77
TSMG $33.77
52W range

ETF.net Grade

CRCA: Cost 56, Risk 31, Mission not scored, Tradability 75, Holdings not scored, Durability 77. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for CRCA, TSMG, with each pillar’s weight
PillarCRCATSMG
Cost30% weightB56A70Higher
Mission25% weightNot scoredA79
Risk15% weightD31A84Higher
Tradability15% weightA75HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightA77HigherB67

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. CRCA 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 CRCA 62nd 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 62BAMZZGraniteShares 2x Long AMZN Daily ETFScore 56
  4. Rank 62BCRCAProShares Ultra CRCLScore 56
  5. Rank 62BGOUGraniteShares 2x Long GOOG Daily ETFScore 56

Our read on each fund

ETF.net Research

CRCABProShares Ultra CRCL

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

CRCA 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

CRCA 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

CRCA 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

CRCA 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 CRCA profile⁠

Full TSMG profile⁠

CRCA 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.

CRCA vs TSMG Cost

Overpaying CRCA vs TSMG

$3,213

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

  • CRCA 0.95%

    $17,869

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • CRCA 0.95%
  • 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$20K051015202530CRCA $17,869TSMG $14,656

Year by year

YearCRCATSMGOverpaying
10$1,678$1,353$325
20$6,322$5,142$1,180
30$17,869$14,656$3,213

Expense ratio

  • 0.95%CRCA
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 315 funds

CRCA 152nd cheapest of 315 funds

CRCA vs TSMG Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
CRCA 6.28%
TSMG No data
Payout (12M)
CRCA $0.79
TSMG No data
Last payment
CRCA $0.13
TSMG $2.73
Ex-dividend
CRCA Sep 23, 2026
TSMG Dec 30, 2025
Paid on
CRCA Sep 29, 2026
TSMG Jan 2, 2026
Frequency
CRCA Quarterly
TSMG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

CRCAQuarterly · 5 paymentsAll CRCA payments⁠
One bar per payment. 5 payments from 2025 to 2026 YTD. Sep 24, 2025 $0.21; Dec 24, 2025 $0.22; Mar 25, 2026 $0.27; Jun 24, 2026 $0.18; Sep 23, 2026 $0.13. Use the arrow keys to read each point.$0$2.502026YTD
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

CRCA vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CRCA 169.7%since Sep 2025TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
CRCA −0.37since Sep 2025TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
CRCA −95.5%since Aug 2025TSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
CRCA 1.32TSMG 3.81

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