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FLYT vs TSMG

Tradr 2X Long FLY Daily ETF

FLYTDCboe

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

TSMG −0.54pt a year

FLYT1.30%TSMG0.76%

Avg volume · 30D

FLYT 2.9×the volume

FLYT198KTSMG69K

FLYT vs TSMG Performance

Oct 31, 2025 – Oct 30, 2026

−85.4%FLYT+40.8%TSMG

Oct 31, 2025 to Oct 30, 2026. FLYT −85.4%. TSMG +40.8%. Use the arrow keys to read each point.−50%0%100%Oct 2025May 2026Oct 2026
Expense ratio
FLYT 1.30%
TSMG 0.76%, better
Fund size
FLYT $6M
TSMG $28M
1Y total return
FLYT −85.4%
TSMG +40.8%, better
Holdings
FLYT 2
TSMG 5
Avg volume (30D)
FLYT 198K sh, better
TSMG 69K sh
NAV per share
FLYT $3.08
TSMG $33.77
52W range

ETF.net Grade

FLYT: Cost 32, Risk 33, Mission 93, Tradability 54, Holdings not scored, Durability 54. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for FLYT, TSMG, with each pillar’s weight
PillarFLYTTSMG
Cost30% weightD32A70Higher
Mission25% weightA93HigherA79
Risk15% weightD33A84Higher
Tradability15% weightC54A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC54B67Higher

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. FLYT 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 FLYT 252nd 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 249CRBLUT-Rex 2X Long RBLX Daily Target ETFScore 39
  4. Rank 252DFLYTTradr 2X Long FLY Daily ETFScore 38
  5. Rank 252DIONXDefiance Daily Target 2X Long IONQ ETFScore 38

Our read on each fund

ETF.net Research

FLYTDTradr 2X Long FLY Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

FLYT Most single-stock leveraged funds crowd around mega-caps. FLYT aims 2x daily leverage at Firefly Aerospace, a newly public rocket maker, using swaps, options or the shares themselves. It resets every day, so it is built for short holding periods.

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

FLYT The Fund seeks daily investment results, before fees and expenses, corresponding to two times the daily performance of Firefly Aerospace common shares. It targets that result for a single trading day and uses swaps, options, and/or direct stock investment.

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

  • FLYT Narrow job, cleanly done: two times FLY's daily move before fees, via swaps, options or direct shares. Tracking to that daily target has been tight versus peers.tradretfs.com
  • Unusual underlying. Leveraged single-stock ETFs mostly sit on mega-caps (AAPU on Apple, GGLL on Alphabet). FLYT points the same machinery at a small space-launch name.
  • Registered 1940 Act ETF: intraday trading, a stated daily objective and standard fund oversight wrapped around an otherwise hard-to-lever position.tradretfs.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

  • FLYT Fee runs 1.30% a year, above the typical 2x single-stock fund. Peers like UNHG and ASMG charge meaningfully less for the same daily-leverage mechanic.
  • The 2x target resets daily. Hold past one session and compounding takes over, so multi-day results can diverge sharply from twice FLY's move over that stretch.
  • Launched in 2025 with a small asset base and moderate turnover, which can mean wider spreads than the category's biggest names.
  • 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 FLYT profile⁠

Full TSMG profile⁠

FLYT 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.

FLYT vs TSMG Cost

Overpaying FLYT vs TSMG

$8,713

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

  • FLYT 1.30%

    $23,369

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • FLYT 1.30%
  • 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$20K$25K051015202530FLYT $23,369TSMG $14,656

Year by year

YearFLYTTSMGOverpaying
10$2,263$1,353$910
20$8,393$5,142$3,251
30$23,369$14,656$8,713

Expense ratio

  • 1.30%FLYT
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 315 funds

FLYT 229th cheapest of 315 funds

FLYT vs TSMG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

FLYTAll FLYT 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

FLYT vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FLYT 173.2%since Nov 2025TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
FLYT −0.16since Nov 2025TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
FLYT −95.0%since Oct 2025TSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
FLYT 2.05TSMG 3.81

Popular comparisons

  • FLYTDvsUNHGA

    Tradr 2X Long FLY Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    1.30% · 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.

  • FLYTDvsOKTGA

    Tradr 2X Long FLY Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    1.30% · 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
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  • FLYTDvsPANGA

    Tradr 2X Long FLY Daily ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    1.30% · 0.76%
    Category
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  • 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.