INTW vs TSMG

INTWCGraniteShares 2x Long INTC Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

INTW Intel is Wall Street's loudest argument, and INTW is the geared way to take a one-day side: it aims for twice INTC's daily move, reset each morning. Cost is the trade-off, at 1.50% net of a waiver through December 31, 2026.

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

INTW The Fund seeks daily investment results equal to twice the daily percentage change of Intel Corp.'s common stock, before fees and expenses.

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

• INTW Does what it says on the tin: since its February 2025 launch it has closely matched its 2x daily target, among the stronger implementations in its peer group.
• Actively traded in a category full of thin tickers, with assets in the hundreds of millions. Liquidity matters most when the whole idea is a same-day position.
• Twice the daily move, not three times, in an ETF wrapper: no margin account and no options chain to manage.graniteshares.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

• INTW Fee is the trade-off: 1.50% net of a waiver through December 31, 2026 (1.85% gross), above the category median. Peers OKTG (0.75%) and TSMG (0.76%) charge less, with no waiver involved.
• The 2x target resets daily. Hold longer and compounding takes over, so a multi-week result can differ sharply from twice Intel's move over the same stretch.graniteshares.com
• One stock, one story: an earnings miss or guidance cut lands with double the force, and there is no diversification to soften it. The record is barely a year deep.

• 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 INTW profile⁠

Full TSMG profile⁠