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KEEX vs TSMG

Defiance Daily Target 2X Long BITF ETF

KEEXDCboe

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

TSMG −0.59pt a year

KEEX1.35%TSMG0.76%

Avg volume · 30D

KEEX 2.4×the volume

KEEX162KTSMG69K

KEEX vs TSMG Performance

Jul 31, 2026 – Nov 2, 2026

−84.2%KEEX−7.6%TSMG

Jul 31, 2026 to Nov 2, 2026. KEEX −84.2%. TSMG −7.6%. Use the arrow keys to read each point.−50%−25%25%Jul 2026Sep 2026Nov 2026
Expense ratio
KEEX 1.35%
TSMG 0.76%, better
Fund size
KEEX $3M
TSMG $28M
1Y total return
KEEX No data
TSMG +36.4%
Holdings
KEEX 8
TSMG 5
Avg volume (30D)
KEEX 162K sh, better
TSMG 69K sh
NAV per share
KEEX $2.08
TSMG $33.77
52W range

ETF.net Grade

KEEX: Cost 21, Risk 37, Mission 92, Tradability 25, Holdings not scored, Durability 54. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for KEEX, TSMG, with each pillar’s weight
PillarKEEXTSMG
Cost30% weightF21A70Higher
Mission25% weightA92HigherA79
Risk15% weightD37A84Higher
Tradability15% weightD25A74Higher
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. KEEX 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 KEEX 283rd 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 283DCRWUT-REX 2X Long CRWV Daily Target ETFScore 28
  4. Rank 283DKEEXDefiance Daily Target 2X Long BITF ETFScore 28
  5. Rank 283DMSTPGraniteShares 2x Long MSTR Daily ETFScore 28

Our read on each fund

ETF.net Research

KEEXDDefiance Daily Target 2X Long BITF ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

KEEX KEEX launched as a 2x Bitfarms tracker, then changed name and ticker when the miner redomiciled to the US and rebranded as Keel Infrastructure. The mechanic never moved: two times KEEL's daily move, one trading day at a time.

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

KEEX The Fund seeks daily investment results, before fees and expenses, equal to two times the daily percentage change in Keel Infrastructure Corp.'s share price. It is designed to pursue this objective only for a single trading day.

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

  • KEEX Does one job and says it plainly: two times the daily percentage change in Keel Infrastructure's share price, before fees. Day to day it has tracked that target closely.defianceetfs.com
  • It followed its underlying through a full identity change: Bitfarms redomiciled to the US and became Keel Infrastructure in 2026, and the fund's name and ticker moved with it.sec.govsec.gov 2
  • Amplified exposure to a single stock from a plain brokerage ticker: no margin account, no options chain, no borrowing to arrange yourself.defianceetfs.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

  • KEEX The 2x target resets daily. Hold longer and compounding takes over, so multi-day results can land well away from twice the stock's move, especially in choppy markets.defianceetfs.com
  • At 1.35% a year it prices above the single-stock leveraged norm. Leverage Shares' 2x wrappers on other names (OKTG at 0.75%, TSMG at 0.76%) show how cheap the plumbing gets.
  • One stock, doubled, mid-pivot from bitcoin mining to data centers. It is also smaller and less traded than the category's giants, so spreads can run wider.defianceetfs.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 KEEX profile⁠

Full TSMG profile⁠

KEEX 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.

KEEX vs TSMG Cost

Overpaying KEEX vs TSMG

$9,457

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

  • KEEX 1.35%

    $24,113

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • KEEX 1.35%
  • 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$25K051015202530KEEX $24,113TSMG $14,656

Year by year

YearKEEXTSMGOverpaying
10$2,346$1,353$993
20$8,678$5,142$3,536
30$24,113$14,656$9,457

Expense ratio

  • 1.35%KEEX
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 315 funds

KEEX 252nd cheapest of 315 funds

KEEX vs TSMG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

KEEXAll KEEX 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

KEEX vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
KEEX No dataTSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
KEEX No dataTSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
KEEX No dataTSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
KEEX 9.64TSMG 3.81

Popular comparisons

  • KEEXDvsUNHGA

    Defiance Daily Target 2X Long BITF ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    1.35% · 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.

  • KEEXDvsOKTGA

    Defiance Daily Target 2X Long BITF ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    1.35% · 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.

  • KEEXDvsPANGA

    Defiance Daily Target 2X Long BITF ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    1.35% · 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.