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FLEL vs TSMG

Leverage Shares 2X Long FLEX Daily ETF

FLEL—Cboe

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

9.4%by weight

Expense ratio

TSMG −0.23pt a year

FLEL0.99%TSMG0.76%

Avg volume · 30D

TSMG 24.3×the volume

FLEL2.84KTSMG69K

FLEL vs TSMG Performance

Oct 2, 2026 – Nov 2, 2026

−52.0%FLEL−30.7%TSMG

Oct 2, 2026 to Nov 2, 2026. FLEL −52.0%. TSMG −30.7%. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2Oct 16Nov 2
Expense ratio
FLEL 0.99%
TSMG 0.76%, better
Fund size
FLEL $0
TSMG $28M
1Y total return
FLEL No data
TSMG +36.4%
Holdings
FLEL 4
TSMG 5
Avg volume (30D)
FLEL 2.84K sh
TSMG 69K sh, better
NAV per share
FLEL $6.78
TSMG $33.77
52W range

ETF.net Grade

  • —FLELNot yet graded
TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for FLEL, TSMG, with each pillar’s weight
PillarFLELTSMG
Cost30% weightNot scoredA70
Mission25% weightNot scoredA79
Risk15% weightNot scoredA84
Tradability15% weightNot scoredA74
Holdings10% weightNot scoredNot scored
Durability5% weightNot scoredB67

Rank among Single-Stock Long Leveraged funds

How we build Categories ›

Our read on each fund

ETF.net Research

FLEL—Leverage Shares 2X Long FLEX Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

FLEL No data

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

FLEL No data

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

FLEL No data

  • 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

FLEL No data

  • 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 FLEL profile⁠

Full TSMG profile⁠

FLEL vs TSMG Holdings

How FLEL and TSMG differ

Overlap by weight

9.4%

Shared holdings make up 14.6% of TSMG and 9.4% of FLEL.

Level by level

  • Holdings1 in both9.4%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

No Sector split for FLEL and TSMG.

Country, concentration and asset class

Country by domicile

Country weights in FLEL and TSMG, widest gap first
CountryMore in FLELMore in TSMG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • FLEL209.5%
  • TSMG214.6%

Securities held

  • FLEL1
  • TSMG1

Asset class

FLEL
Equity
TSMG
Equity

Holdings

  • Only in FLEL0
  • In both1
  • Only in TSMG0

Only in FLEL

0 securities, 0.0% of FLEL 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 FLEL and TSMG, widest gap first
HoldingMore in FLELMore in TSMG
First American Treasury Obligations Fund 01/01/2040TSMG +5.14 points

All 4 FLEL 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.

FLEL vs TSMG Cost

Overpaying FLEL vs TSMG

$3,869

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

  • FLEL 0.99%

    $18,525

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • FLEL 0.99%
  • 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$20K051015202530FLEL $18,525TSMG $14,656

Year by year

YearFLELTSMGOverpaying
10$1,746$1,353$393
20$6,565$5,142$1,423
30$18,525$14,656$3,869

Expense ratio

  • 0.99%FLEL
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 315 funds

FLEL 169th cheapest of 315 funds

FLEL vs TSMG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

FLELAll FLEL 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

FLEL vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FLEL No dataTSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
FLEL No dataTSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
FLEL No dataTSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
FLEL 0.00TSMG 3.81

Popular comparisons

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    Expense ratio
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  • TSMGAvsUNHGA

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