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ISUL vs TSMG

GraniteShares 2x Long ISRG Daily ETF

ISULDNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

TSMG −0.77pt a year

ISUL1.53%TSMG0.76%

Avg volume · 30D

TSMG 1.00×the volume

ISUL68.8KTSMG69K

ISUL vs TSMG Performance

Oct 31, 2025 – Oct 30, 2026

−47.0%ISUL+40.8%TSMG

Oct 31, 2025 to Oct 30, 2026. ISUL −47.0%. TSMG +40.8%. Use the arrow keys to read each point.0%100%Oct 2025May 2026Oct 2026
Expense ratio
ISUL 1.53%
TSMG 0.76%, better
Fund size
ISUL $10M
TSMG $28M
1Y total return
ISUL −47.0%
TSMG +40.8%, better
Holdings
ISUL 2
TSMG 5
Avg volume (30D)
ISUL 68.8K sh
TSMG 69K sh, better
NAV per share
ISUL $19.67
TSMG $33.77
52W range

ETF.net Grade

ISUL: Cost 3, Risk 58, Mission 94, Tradability 75, Holdings not scored, Durability 63. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for ISUL, TSMG, with each pillar’s weight
PillarISULTSMG
Cost30% weightF3A70Higher
Mission25% weightA94HigherA79
Risk15% weightB58A84Higher
Tradability15% weightA75HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightB63B67Higher

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. ISUL 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 ISUL 255th 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 255DGMEUT-Rex 2X Long GME Daily Target ETFScore 37
  4. Rank 255DISULGraniteShares 2x Long ISRG Daily ETFScore 37
  5. Rank 255DPULGraniteShares 2x Long P Daily ETFScore 37

Our read on each fund

ETF.net Research

ISULDGraniteShares 2x Long ISRG Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

ISUL ISUL points 2x daily leverage at Intuitive Surgical, the medical-device maker, and resets every session. A one-day trading tool aimed at the operating room instead of another mega-cap tech 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

ISUL The Fund seeks daily investment results equal to 2 times the daily percentage change of Intuitive Surgical, Inc.'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

  • ISUL The mandate is narrow and literal: 2 times the daily percentage move of Intuitive Surgical stock, before fees. No basket, no index committee, no mystery about what drives it.graniteshares.com
  • It has tracked that stated 2x daily target closely, which is the entire job description for a leveraged single-stock fund.
  • Leverage pointed at a medical-device maker, a less crowded target than the mega-cap tech tickers that dominate the leveraged single-stock shelf.
  • Built as a registered 1940 Act fund rather than an exchange-traded note, so there is no bank credit risk sitting behind the exposure.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

  • ISUL The 2x objective resets daily. Hold longer and compounding takes over, so multi-day results can drift well away from 2x the stock's move, especially in choppy tape.
  • At 1.50% a year it sits above the typical fee in its peer group, where several 2x single-stock competitors charge closer to 0.75%.
  • A 2025 launch with moderate trading volume, so spreads and limit orders matter more here than with the household-name leveraged funds. It is not an income vehicle.
  • 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 ISUL profile⁠

Full TSMG profile⁠

ISUL 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.

ISUL vs TSMG Cost

Overpaying ISUL vs TSMG

$12,050

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

  • ISUL 1.53%

    $26,706

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • ISUL 1.53%
  • TSMG 0.76%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530ISUL $26,706TSMG $14,656

Year by year

YearISULTSMGOverpaying
10$2,639$1,353$1,286
20$9,685$5,142$4,543
30$26,706$14,656$12,050

Expense ratio

  • 1.53%ISUL
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 315 funds

ISUL 301st cheapest of 315 funds

ISUL vs TSMG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

ISULAll ISUL 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

ISUL vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ISUL 50.4%since Nov 2025TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
ISUL −1.06since Nov 2025TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
ISUL −72.2%since Oct 2025TSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
ISUL 0.40TSMG 3.81

Popular comparisons

  • ISULDvsUNHGA

    GraniteShares 2x Long ISRG Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    1.53% · 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.

  • ISULDvsOKTGA

    GraniteShares 2x Long ISRG Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    1.53% · 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.

  • ISULDvsPANGA

    GraniteShares 2x Long ISRG Daily ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    1.53% · 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.