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CRWG vs TSMG

Leverage Shares 2x Long CRWV Daily ETF

CRWGBNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

1.3%by weight

Expense ratio

TSMG −0.01pt a year

CRWG0.77%TSMG0.76%

Avg volume · 30D

CRWG 49.7×the volume

CRWG3.43MTSMG69K

CRWG vs TSMG Performance

Oct 31, 2025 – Oct 30, 2026

−94.5%CRWG+40.8%TSMG

Oct 31, 2025 to Oct 30, 2026. CRWG −94.5%. TSMG +40.8%. Use the arrow keys to read each point.−50%0%100%Oct 2025Apr 2026Oct 2026
Expense ratio
CRWG 0.77%
TSMG 0.76%, better
Fund size
CRWG $97M
TSMG $28M
1Y total return
CRWG −94.5%
TSMG +40.8%, better
Holdings
CRWG 6
TSMG 5
Avg volume (30D)
CRWG 3.43M sh, better
TSMG 69K sh
NAV per share
CRWG $6.37
TSMG $33.77
52W range

ETF.net Grade

CRWG: Cost 60, Risk 28, Mission 96, Tradability 91, Holdings not scored, Durability 67. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for CRWG, TSMG, with each pillar’s weight
PillarCRWGTSMG
Cost30% weightB60A70Higher
Mission25% weightA96HigherA79
Risk15% weightD28A84Higher
Tradability15% weightA91HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightB67B67

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. CRWG 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 CRWG 37th 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 37BCOHHLeverage Shares 2X Long COHR Daily ETFScore 60
  4. Rank 37BCRWGLeverage Shares 2x Long CRWV Daily ETFScore 60
  5. Rank 37BIREGLeverage Shares 2x Long IREN Daily ETFScore 60

Our read on each fund

ETF.net Research

CRWGBLeverage Shares 2x Long CRWV Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

CRWG A 2x daily play on CoreWeave, the GPU landlord of the AI buildout. CRWG resets its leverage every day, costs 0.77%, and trades more briskly than most single-stock leverage funds.

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

CRWG The fund seeks daily investment results equal to 200% of the daily performance of CoreWeave, Inc. 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

  • CRWG Hitting 2x of CoreWeave's daily move is the entire job, and CRWG has stayed close to that target day after day, one of the tighter implementations in a crowded category.
  • At 0.77%, the fee sits below the category median and in line with siblings TSMG (0.76%) and UNHG (0.77%).
  • Actively traded, with pricing on the tighter end of its peer group. That matters when the holding period is measured in hours.
  • The multiple is 2x, not 3x: the milder end of the single-stock leverage shelf, launched in 2025.leverageshares.com
  • 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

  • CRWG Leverage resets daily. Hold longer and compounding takes over, so multi-week results can land far from 2x CoreWeave's move over the same stretch.leverageshares.com
  • Doubling one AI infrastructure stock's daily swings cuts both ways. This sits at the high-volatility end of the ETF universe.
  • One company, no cushion. An earnings print, a financing headline, or a lost contract at CoreWeave drives the whole fund.
  • 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 CRWG profile⁠

Full TSMG profile⁠

CRWG vs TSMG Holdings

How CRWG and TSMG differ

Overlap by weight

1.3%

Shared holdings make up 12.4% of TSMG and 1.3% of CRWG.

Level by level

  • Holdings1 in both1.3%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

No Sector split for CRWG and TSMG.

Country, concentration and asset class

Country by domicile

Country weights in CRWG and TSMG, widest gap first
CountryMore in CRWGMore in TSMG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • CRWG201.3%
  • TSMG212.4%

Securities held

  • CRWG1
  • TSMG1

Asset class

CRWG
Equity
TSMG
Equity

Holdings

  • Only in CRWG0
  • In both1
  • Only in TSMG0

Only in CRWG

0 securities, 0.0% of CRWG by weight

Only in TSMG

0 securities, 0.0% of TSMG by weight

Weight gaps

All 1 Holdings in both funds, largest gap first.

Holding weights in CRWG and TSMG, widest gap first
HoldingMore in CRWGMore in TSMG
First American Treasury Obligations Fund 01/01/2040TSMG +11.14 points

All 7 CRWG holdings⁠All 5 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.

CRWG vs TSMG Cost

Overpaying CRWG vs TSMG

$173

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

  • CRWG 0.77%

    $14,829

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • CRWG 0.77%
  • 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$15K051015202530CRWG $14,829TSMG $14,656

Year by year

YearCRWGTSMGOverpaying
10$1,371$1,353$18
20$5,205$5,142$63
30$14,829$14,656$173

Expense ratio

  • 0.77%CRWG
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 315 funds

CRWG 135th cheapest of 315 funds

CRWG vs TSMG Dividends

Last 12 months to Oct 30, 2026
Last payment
CRWG $2.00
TSMG $2.73
Ex-dividend
CRWG Dec 30, 2025
TSMG Dec 30, 2025
Paid on
CRWG Jan 2, 2026
TSMG Jan 2, 2026
Frequency
CRWG Irregular
TSMG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

CRWGIrregular · 1 paymentAll CRWG payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $2.00. 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

CRWG vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CRWG 171.2%since Sep 2025TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
CRWG −0.30since Sep 2025TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
CRWG −96.5%since Aug 2025TSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
CRWG 8.50TSMG 3.81

Popular comparisons

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