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CRCG vs TSMG

Leverage Shares 2x Long CRCL Daily ETF

CRCGBNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

TSMG −0.02pt a year

CRCG0.78%TSMG0.76%

Avg volume · 30D

CRCG 47.7×the volume

CRCG3.24MTSMG68.1K

CRCG vs TSMG Performance

Nov 7, 2025 – Nov 9, 2026

−85.1%CRCG+40.3%TSMG

Nov 7, 2025 to Nov 9, 2026. CRCG −85.1%. TSMG +40.3%. Use the arrow keys to read each point.−50%0%100%Nov 2025May 2026Nov 2026
Expense ratio
CRCG 0.78%
TSMG 0.76%, better
Fund size
CRCG $76M
TSMG $24M
1Y total return
CRCG −85.1%
TSMG +40.3%, better
Holdings
CRCG 7
TSMG 6
Avg volume (30D)
CRCG 3.24M sh, better
TSMG 68.1K sh
NAV per share
CRCG $7.50
TSMG $28.23
52W range

ETF.net Grade

CRCG: Cost 61, Risk 44, Mission 96, Tradability 89, Holdings not scored, Durability 66. TSMG: Cost 70, Risk 82, Mission 75, Tradability 76, Holdings not scored, Durability 66.
Pillar letters and Scores for CRCG, TSMG, with each pillar’s weight
PillarCRCGTSMG
Cost30% weightB61A70Higher
Mission25% weightA96HigherA75
Risk15% weightC44A82Higher
Tradability15% weightA89HigherA76
Holdings10% weightNot scoredNot scored
Durability5% weightB66B66

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. CRCG 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 CRCG 26th 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 26CBIDGLeverage Shares 2X Long BIDU Daily ETFScore 63
  5. Rank 26BCRCGLeverage Shares 2x Long CRCL Daily ETFScore 63
  6. Rank 26BMSFUDirexion Daily MSFT Bull 2X SharesScore 63

Our read on each fund

ETF.net Research

CRCGBLeverage Shares 2x Long CRCL Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

CRCG Two times the daily move in Circle, the listed issuer of the USDC stablecoin, wrapped as a regular ETF: no margin account, no margin calls. The fee runs 0.78%, under the single-stock leverage crowd.

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

CRCG The fund seeks daily investment results equal to 200% of the daily performance of Circle 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

  • CRCG 0.78% a year, below the typical single-stock leveraged fund and in line with Leverage Shares siblings TSMG (0.76%) and UNHG (0.77%). No fee waiver propping that number up.
  • Hews closely to its stated 200% daily target, one of the tighter implementations among the hundreds of leveraged single-stock funds.
  • A 1940 Act fund using swaps: issuer materials cite no margin calls and losses capped at the amount invested, unlike running the same bet in a margin account.leverageshares.com
  • Trades actively through the session, which matters for a tool built to be used in short stretches.
  • 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

  • CRCG Leverage resets every day. Hold through choppy weeks and the result can wander well away from double Circle's move over that stretch.leverageshares.comleverageshares.com 2
  • One stock, doubled, and a young one: Circle listed in June 2025, so there is little history on how wide its swings run. Sits at the volatile end of the ETF universe.cnbc.com
  • Not an income vehicle: no distributions paid, and the fund itself only launched in August 2025.globenewswire.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 CRCG profile⁠

Full TSMG profile⁠

CRCG 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.

CRCG vs TSMG Cost

Overpaying CRCG vs TSMG

$346

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

  • CRCG 0.78%

    $15,002

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • CRCG 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$20K051015202530CRCG $15,002TSMG $14,656

Year by year

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

Expense ratio

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

TSMG 131st cheapest of 312 funds

CRCG 142nd cheapest of 312 funds

CRCG vs TSMG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

CRCGAll CRCG 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

CRCG vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CRCG 169.7%since Sep 2025TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
CRCG −0.36since Sep 2025TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
CRCG −95.3%since Aug 2025TSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
CRCG 0.39TSMG 3.98

Popular comparisons

  • CRCGBvsUNHGA

    Leverage Shares 2x Long CRCL 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
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  • CRCGBvsCOTGA

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    0.78% · 0.77%
    Category
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  • TSMGAvsCOTGA

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    Expense ratio
    0.76% · 0.77%
    Category
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  • CRCGBvsOKTGA

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    Expense ratio
    0.78% · 0.75%
    Category
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  • TSMGAvsOKTGA

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

    Expense ratio
    0.76% · 0.75%
    Category
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