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DLLL vs TSMG

GraniteShares 2x Long DELL Daily ETF

DLLLCNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

TSMG −0.76pt a year

DLLL1.52%TSMG0.76%

Avg volume · 30D

DLLL 24.8×the volume

DLLL1.71MTSMG69K

DLLL vs TSMG Performance

Oct 31, 2025 – Oct 30, 2026

+279.2%DLLL+40.8%TSMG

Oct 31, 2025 to Oct 30, 2026. DLLL +279.2%. TSMG +40.8%. Use the arrow keys to read each point.400%600%Oct 2025Apr 2026Oct 2026
Expense ratio
DLLL 1.52%
TSMG 0.76%, better
Fund size
DLLL $159M
TSMG $28M
1Y total return
DLLL +279.2%, better
TSMG +40.8%
Holdings
DLLL 2
TSMG 5
Avg volume (30D)
DLLL 1.71M sh, better
TSMG 69K sh
NAV per share
DLLL $24.24
TSMG $33.77
52W range

ETF.net Grade

DLLL: Cost 4, Risk 75, Mission 95, Tradability 86, Holdings not scored, Durability 80. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for DLLL, TSMG, with each pillar’s weight
PillarDLLLTSMG
Cost30% weightF4A70Higher
Mission25% weightA95HigherA79
Risk15% weightA75A84Higher
Tradability15% weightA86HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightA80HigherB67

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. DLLL 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 DLLL 102nd 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 102CAXTLLeverage Shares 2X Long AXTI Daily ETFScore 45
  4. Rank 102CDLLLGraniteShares 2x Long DELL Daily ETFScore 45
  5. Rank 102CGEVXTradr 2X Long GEV Daily ETFScore 45

Our read on each fund

ETF.net Research

DLLLCGraniteShares 2x Long DELL Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

DLLL Two times Dell's daily move in one ticker, no margin account or options chain required. The exposure resets every day, which makes it a short-clock trading tool rather than a set-and-forget holding.

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

DLLL The fund seeks daily investment results equal to 2 times the daily percentage change of Dell Technologies Inc.'s common stock. It is intended as a short-term trading vehicle and is not expected to deliver twice the cumulative return over periods longer than one day.

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

  • DLLL Does one thing and states it plainly: aims for 2x Dell's daily percentage change, and it has stayed close to that daily mark since its February 2025 launch.graniteshares.com
  • Actively traded, which matters for an instrument where your fill is most of the outcome.
  • Leverage in a wrapper you already use: a 1940 Act ETF bought in a normal brokerage account, no margin agreement, options approval, or roll schedule.graniteshares.com
  • Stands in the upper half of a very crowded field of 2x single-stock bull funds.
  • 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

  • DLLL Priced at the high end: 1.50% net of a waiver through December 31, 2026 (3.55% gross), above the category median. TSMG charges 0.76% and OKTG 0.75%, neither waived.
  • The daily reset compounds. Over any stretch longer than one day, results can drift from 2x Dell's move, and choppy stretches erode value. The prospectus says so.graniteshares.com
  • One stock, doubled. A single Dell earnings report moves the whole position at twice the speed, with no other holdings to cushion it.
  • 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 DLLL profile⁠

Full TSMG profile⁠

DLLL 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.

DLLL vs TSMG Cost

Overpaying DLLL vs TSMG

$11,910

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

  • DLLL 1.52%

    $26,566

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • DLLL 1.52%
  • TSMG 0.76%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530DLLL $26,566TSMG $14,656

Year by year

YearDLLLTSMGOverpaying
10$2,622$1,353$1,269
20$9,630$5,142$4,488
30$26,566$14,656$11,910

Expense ratio

  • 1.52%DLLL
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 315 funds

DLLL 300th cheapest of 315 funds

DLLL vs TSMG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

DLLLAll DLLL 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

DLLL vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DLLL 218.8%since Mar 2025TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
DLLL 1.11since Mar 2025TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
DLLL −68.6%since Feb 2025TSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
DLLL 7.68TSMG 3.81

Popular comparisons

  • DLLLCvsUNHGA

    GraniteShares 2x Long DELL Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    1.52% · 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
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DLLLCvsOKTGA

    GraniteShares 2x Long DELL Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    1.52% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TSMGAvsOKTGA

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

    Expense ratio
    0.76% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DLLLCvsPANGA

    GraniteShares 2x Long DELL Daily ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    1.52% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TSMGAvsPANGA

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

    Expense ratio
    0.76% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.