Skip to content
etf.net

GLWG vs TSMG

Leverage Shares 2X Long GLW Daily ETF

GLWGBNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

14.6%by weight

Expense ratio

GLWG −0.01pt a year

GLWG0.75%TSMG0.76%

Avg volume · 30D

GLWG 21.0×the volume

GLWG1.45MTSMG69K

GLWG vs TSMG Performance

Jul 31, 2026 – Nov 2, 2026

−31.9%GLWG−7.6%TSMG

Jul 31, 2026 to Nov 2, 2026. GLWG −31.9%. TSMG −7.6%. Use the arrow keys to read each point.−20%20%40%Jul 2026Sep 2026Nov 2026
Expense ratio
GLWG 0.75%, better
TSMG 0.76%
Fund size
GLWG $76M
TSMG $28M
1Y total return
GLWG No data
TSMG +36.4%
Holdings
GLWG 4
TSMG 5
Avg volume (30D)
GLWG 1.45M sh, better
TSMG 69K sh
NAV per share
GLWG $8.09
TSMG $33.77
52W range

ETF.net Grade

GLWG: Cost 70, Risk 51, Mission 84, Tradability 86, Holdings not scored, Durability 59. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for GLWG, TSMG, with each pillar’s weight
PillarGLWGTSMG
Cost30% weightA70A70
Mission25% weightA84HigherA79
Risk15% weightC51A84Higher
Tradability15% weightA86HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightB59B67Higher

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. GLWG 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 GLWG 8th 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 8BAAPUDirexion Daily AAPL Bull 2X SharesScore 68
  4. Rank 8BGLWGLeverage Shares 2X Long GLW Daily ETFScore 68
  5. Rank 8BSKHXLeverage Shares 2X Long SK Hynix Daily ETFScore 68

Our read on each fund

ETF.net Research

GLWGBLeverage Shares 2X Long GLW Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

GLWG Two times Corning's daily move, in a wrapper that can't margin-call you. GLWG aims for 200% of GLW's daily return, pointing leverage at the fiber-and-glass supplier behind data centers rather than the usual megacap chip name.

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

GLWG The Fund seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of GLW.

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

  • GLWG Charges 0.75% a year, below the typical leveraged single-stock fund and below the 0.96% on Direxion's 2x bull products like AAPU and GGLL.leverageshares.com
  • Leverage without a margin account: swap exposure backed by US Treasuries, losses capped at what you put in, no broker demanding more cash.leverageshares.comleverageshares.com 2
  • A 2x wrapper on Corning, the optical-fiber and Gorilla Glass maker, instead of another crowded megacap ticker. Lists on Nasdaq and trades like a stock.leverageshares.comcorning.com
  • Sits in the upper tier of a very crowded 2x single-stock bull group, helped by cost and consistent trading activity.
  • 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

  • GLWG Resets daily. Hold longer than a day and compounding takes over: a choppy but flat GLW can still leave the fund lower.leverageshares.com
  • One stock, doubled. Display demand, data-center orders and a single earnings date drive the whole thing, with no diversification cushion.corning.com
  • Launched in March 2026, so the history is short, and it makes no distributions. This is an exposure tool, not an income one.leverageshares.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 GLWG profile⁠

Full TSMG profile⁠

GLWG vs TSMG Holdings

How GLWG and TSMG differ

Overlap by weight

14.6%

Shared holdings make up 19.0% of GLWG and 14.6% of TSMG.

Level by level

  • Holdings1 in both14.6%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

No Sector split for GLWG and TSMG.

Country, concentration and asset class

Country by domicile

Country weights in GLWG and TSMG, widest gap first
CountryMore in GLWGMore in TSMG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • GLWG219.1%
  • TSMG214.6%

Securities held

  • GLWG1
  • TSMG1

Asset class

GLWG
Equity
TSMG
Equity

Holdings

  • Only in GLWG0
  • In both1
  • Only in TSMG0

Only in GLWG

0 securities, 0.0% of GLWG 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 GLWG and TSMG, widest gap first
HoldingMore in GLWGMore in TSMG
First American Treasury Obligations Fund 01/01/2040GLWG +4.44 points

All 4 GLWG 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.

GLWG vs TSMG Cost

Overpaying TSMG vs GLWG

$174

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

  • GLWG 0.75%

    $14,482

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • GLWG 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 $14,656GLWG $14,482

Year by year

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

Expense ratio

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

GLWG 87th cheapest of 315 funds

TSMG 131st cheapest of 315 funds

GLWG vs TSMG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

GLWGAll GLWG 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

GLWG vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
GLWG No dataTSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
GLWG No dataTSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
GLWG No dataTSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
GLWG 2.54TSMG 3.81

Popular comparisons

  • GLWGBvsUNHGA

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

    Expense ratio
    0.75% · 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.

  • GLWGBvsOKTGA

    Leverage Shares 2X Long GLW Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    0.75% · 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
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • GLWGBvsPANGA

    Leverage Shares 2X Long GLW Daily ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    0.75% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • 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.