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GEVG vs TSMG

Leverage Shares 2x Long GEV Daily ETF

GEVGBNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

GEVG −0.01pt a year

GEVG0.75%TSMG0.76%

Avg volume · 30D

TSMG 1.7×the volume

GEVG39.5KTSMG69K

GEVG vs TSMG Performance

Dec 31, 2025 – Oct 30, 2026

+24.9%GEVG+41.5%TSMG

Dec 31, 2025 to Oct 30, 2026. GEVG +24.9%. TSMG +41.5%. Use the arrow keys to read each point.0%100%150%Dec 2025Jun 2026Oct 2026
Expense ratio
GEVG 0.75%, better
TSMG 0.76%
Fund size
GEVG $10M
TSMG $28M
1Y total return
GEVG No data
TSMG +40.8%
Holdings
GEVG 4
TSMG 5
Avg volume (30D)
GEVG 39.5K sh
TSMG 69K sh, better
NAV per share
GEVG $17.06
TSMG $33.77
52W range

ETF.net Grade

GEVG: Cost 70, Risk 70, Mission 85, Tradability 64, Holdings not scored, Durability 52. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for GEVG, TSMG, with each pillar’s weight
PillarGEVGTSMG
Cost30% weightA70A70
Mission25% weightA85HigherA79
Risk15% weightA70A84Higher
Tradability15% weightB64A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC52B67Higher

Rank among Single-Stock Long Leveraged funds

Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. GEVG 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 GEVG 15th 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 11BNBIGLeverage Shares 2x Long NBIS Daily ETFScore 67
  4. Rank 15BGEVGLeverage Shares 2x Long GEV Daily ETFScore 66
  5. Rank 15BGGLLDirexion Daily GOOGL Bull 2X ETFScore 66

Our read on each fund

ETF.net Research

GEVGBLeverage Shares 2x Long GEV Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

GEVG One stock, double the daily speed. GEVG aims to deliver 200% of GE Vernova's daily move before fees, resets the clock every night, and does it at 0.75% a year, undercutting 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

GEVG The fund seeks 200% of GE Vernova Inc.'s daily stock performance, before fees and expenses, for short-term leveraged bullish 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

  • GEVG 0.75% a year, against the 0.96% Direxion charges on comparable 2x single-stock funds like GGLL and AAPU. On a product built for short holds, fee drag is one of the few knobs the issuer controls.leverageshares.com
  • 2x, not 3x. The lower multiple means daily swings and the compounding drift that comes with nightly resets land with less force than on triple-leveraged single-stock products.
  • The mandate is one line: 200% of GE Vernova's daily return. No index, no basket, no manager discretion, and one of the tighter implementations in a crowded leveraged single-stock field.leverageshares.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

  • GEVG The 200% target applies to a single trading day. Hold longer and each day's gain or loss compounds off a new base, so multi-day results can diverge from twice GEV's move, especially in choppy markets.
  • Launched in December 2025, so the record is short and there is little history to judge the fund's behavior across different market conditions.
  • Zero diversification by design: one company's earnings, orders and headlines drive the whole position, magnified twofold in both directions.
  • 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 GEVG profile⁠

Full TSMG profile⁠

GEVG 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.

GEVG vs TSMG Cost

Overpaying TSMG vs GEVG

$174

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

  • GEVG 0.75%

    $14,482

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • GEVG 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 $14,656GEVG $14,482

Year by year

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

Expense ratio

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

GEVG 87th cheapest of 315 funds

TSMG 131st cheapest of 315 funds

GEVG vs TSMG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

GEVGAll GEVG 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

GEVG vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
GEVG No dataTSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
GEVG No dataTSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
GEVG No dataTSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
GEVG 1.60TSMG 3.81

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