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ECHX vs TSMG

Leverage Shares 2X Long SATS Daily ETF

ECHXBNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

ECHX −0.01pt a year

ECHX0.75%TSMG0.76%

Avg volume · 30D

ECHX 4.9×the volume

ECHX337KTSMG69K

ECHX vs TSMG Performance

Jul 31, 2026 – Oct 30, 2026

+21.5%ECHX−4.6%TSMG

Jul 31, 2026 to Oct 30, 2026. ECHX +21.5%. TSMG −4.6%. Use the arrow keys to read each point.10%30%40%Jul 2026Sep 2026Oct 2026
Expense ratio
ECHX 0.75%, better
TSMG 0.76%
Fund size
ECHX $11M
TSMG $28M
1Y total return
ECHX No data
TSMG +40.8%
Holdings
ECHX 6
TSMG 5
Avg volume (30D)
ECHX 337K sh, better
TSMG 69K sh
NAV per share
ECHX $8.86
TSMG $33.77
52W range

ETF.net Grade

ECHX: Cost 70, Risk 56, Mission not scored, Tradability 78, Holdings not scored, Durability 52. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for ECHX, TSMG, with each pillar’s weight
PillarECHXTSMG
Cost30% weightA70A70
Mission25% weightNot scoredA79
Risk15% weightB56A84Higher
Tradability15% weightA78HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightC52B67Higher

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. ECHX 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 ECHX 11th 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 11BCRMGLeverage Shares 2x Long CRM Daily ETFScore 67
  4. Rank 11BECHXLeverage Shares 2X Long SATS Daily ETFScore 67
  5. Rank 11BNBIGLeverage Shares 2x Long NBIS Daily ETFScore 67

Our read on each fund

ETF.net Research

ECHXBLeverage Shares 2X Long SATS Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

ECHX A 2x daily play on EchoStar, the satellite and spectrum operator, in one ticker. No margin account, no options chain, and a fee that undercuts most leveraged single-stock 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

ECHX The fund seeks daily investment results, before fees and expenses, corresponding to 200% of the daily performance of EchoStar Corporation stock. It is a single-stock leveraged ETF designed primarily for short-term tactical trading.

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

  • ECHX 0.75% a year, under the typical fee for 2x single-stock ETFs. Cheap is rare in this corner of the market.
  • Delivers 2x EchoStar's daily move from an ordinary brokerage account: no margin agreement, no options chain, no overnight financing to manage yourself.leverageshares.com
  • One of the stronger builds among the hundreds of bull leveraged single-stock ETFs, helped by its low fee and steady trading.
  • 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

  • ECHX The 2x target resets every day. Hold through a choppy stretch and your result can drift well away from 2x the stock's move over that period.
  • One company, doubled. Spectrum deals, satellite news, and financing headlines hit this fund twice as hard, in both directions.marketscreener.com
  • Launched December 2025, and the name still says SATS. EchoStar's stock switched to the ECHO ticker in June 2026.marketscreener.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 ECHX profile⁠

Full TSMG profile⁠

ECHX 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.

ECHX vs TSMG Cost

Overpaying TSMG vs ECHX

$174

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

  • ECHX 0.75%

    $14,482

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • ECHX 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 $14,656ECHX $14,482

Year by year

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

Expense ratio

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

ECHX 87th cheapest of 315 funds

TSMG 131st cheapest of 315 funds

ECHX vs TSMG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

ECHXAll ECHX 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

ECHX vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ECHX No dataTSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
ECHX No dataTSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
ECHX No dataTSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
ECHX 1.63TSMG 3.81

Popular comparisons

  • ECHXBvsUNHGA

    Leverage Shares 2X Long SATS Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    0.75% · 0.77%
    Category
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  • 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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  • ECHXBvsOKTGA

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    Expense ratio
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    Category
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  • TSMGAvsOKTGA

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    Expense ratio
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    Category
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  • ECHXBvsPANGA

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    Expense ratio
    0.75% · 0.76%
    Category
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  • TSMGAvsPANGA

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    Expense ratio
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    Category
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