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DUOG vs TSMG

Leverage Shares 2x Long DUOL Daily ETF

DUOGCNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

DUOG −0.01pt a year

DUOG0.75%TSMG0.76%

Avg volume · 30D

TSMG 10.3×the volume

DUOG6.72KTSMG69K

DUOG vs TSMG Performance

Dec 31, 2025 – Oct 30, 2026

−63.5%DUOG+41.5%TSMG

Dec 31, 2025 to Oct 30, 2026. DUOG −63.5%. TSMG +41.5%. Use the arrow keys to read each point.0%100%Dec 2025Jun 2026Oct 2026
Expense ratio
DUOG 0.75%, better
TSMG 0.76%
Fund size
DUOG $2M
TSMG $28M
1Y total return
DUOG No data
TSMG +40.8%
Holdings
DUOG 5
TSMG 5
Avg volume (30D)
DUOG 6.72K sh
TSMG 69K sh, better
NAV per share
DUOG $42.67
TSMG $33.77
52W range

ETF.net Grade

DUOG: Cost 70, Risk 42, Mission 85, Tradability 63, Holdings not scored, Durability 44. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for DUOG, TSMG, with each pillar’s weight
PillarDUOGTSMG
Cost30% weightA70A70
Mission25% weightA85HigherA79
Risk15% weightC42A84Higher
Tradability15% weightB63A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC44B67Higher

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. DUOG 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 DUOG 123rd 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 123CCRWXCorgi CRWV 2x Daily ETFScore 40
  4. Rank 123CDUOGLeverage Shares 2x Long DUOL Daily ETFScore 40
  5. Rank 123CENTLLeverage Shares 2x Long ENTG Daily ETFScore 40

Our read on each fund

ETF.net Research

DUOGCLeverage Shares 2x Long DUOL Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

DUOG One ticker, double the daily move in Duolingo. DUOG aims for 2x DUOL's daily performance before fees, at 0.75% a year, and it resets that target every day, which makes it a short-horizon tool rather than a hold-forever one.

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

DUOG The fund seeks two times the daily performance of Duolingo, Inc. common stock, before fees and expenses, through daily leveraged exposure.

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

  • DUOG Fee lane matters in this corner of the market: 0.75% a year, under the 0.96% Direxion charges on 2x single-stock funds like AAPU and GGLL.leverageshares.com
  • The mandate is one line: two times DUOL's daily performance before fees and expenses. Nothing discretionary, and daily results have tracked close to that stated target.leverageshares.com
  • Geared Duolingo exposure without a margin account or an options ticket: one ETF ticker inside a registered 1940 Act fund wrapper.
  • Stands in the top quartile of bull-side single-stock leveraged funds on our review, driven by its low fee and a clean read on its stated mandate.
  • 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

  • DUOG The 2x target applies to a single day. Ride out a choppy stretch in DUOL and the multi-day result can land well away from twice the stock's move.
  • Everything rides on one stock. A single earnings gap or guidance stumble at Duolingo lands here at roughly double force.
  • Launched in December 2025, small and lightly traded, so spreads can run wider than on the giant leveraged single-stock names. It has not been paying distributions.
  • 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 DUOG profile⁠

Full TSMG profile⁠

DUOG 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.

DUOG vs TSMG Cost

Overpaying TSMG vs DUOG

$174

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

  • DUOG 0.75%

    $14,482

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • DUOG 0.75%
  • 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$15K051015202530TSMG $14,656DUOG $14,482

Year by year

YearDUOGTSMGOverpaying
10$1,336$1,353$17
20$5,078$5,142$64
30$14,482$14,656$174

Expense ratio

  • 0.75%DUOG, cheaper
  • 0.76%TSMG
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

DUOG 87th cheapest of 315 funds

TSMG 131st cheapest of 315 funds

DUOG vs TSMG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

DUOGAll DUOG 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

DUOG vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DUOG No dataTSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
DUOG No dataTSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
DUOG No dataTSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
DUOG 2.11TSMG 3.81

Popular comparisons

  • DUOGCvsUNHGA

    Leverage Shares 2x Long DUOL Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    0.75% · 0.77%
    Category
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  • TSMGAvsUNHGA

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  • TSMGAvsPANGA

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    Expense ratio
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    Category
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