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LLYX vs TSMG

Daily Target 2X Long LLY ETF

LLYXCNYSE Arca

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

0.0%by weight

Expense ratio

TSMG −0.73pt a year

LLYX1.49%TSMG0.76%

Avg volume · 30D

LLYX 4.8×the volume

LLYX333KTSMG69K

LLYX vs TSMG Performance

Oct 31, 2025 – Nov 2, 2026

+108.4%LLYX+36.4%TSMG

Oct 31, 2025 to Nov 2, 2026. LLYX +108.4%. TSMG +36.4%. Use the arrow keys to read each point.0%75%Oct 2025May 2026Nov 2026
Expense ratio
LLYX 1.49%
TSMG 0.76%, better
Fund size
LLYX $92M
TSMG $28M
1Y total return
LLYX +108.4%, better
TSMG +36.4%
Holdings
LLYX 9
TSMG 5
Avg volume (30D)
LLYX 333K sh, better
TSMG 69K sh
NAV per share
LLYX $35.62
TSMG $33.77
52W range

ETF.net Grade

LLYX: Cost 11, Risk 84, Mission 73, Tradability 79, Holdings not scored, Durability 81. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for LLYX, TSMG, with each pillar’s weight
PillarLLYXTSMG
Cost30% weightF11A70Higher
Mission25% weightA73A79Higher
Risk15% weightA84A84
Tradability15% weightA79HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightA81HigherB67

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. LLYX 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 LLYX 92nd 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 88CSMCXDaily Target 2X Long SMCI ETFScore 49
  4. Rank 92CLLYXDaily Target 2X Long LLY ETFScore 48
  5. Rank 92CMRNXDaily Target 2X Long MRNA ETFScore 48

Our read on each fund

ETF.net Research

LLYXCDaily Target 2X Long LLY ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

LLYX A one-stock geared trade: LLYX uses swaps to chase twice Eli Lilly's daily move, reset every session. Live since 2024, it is the pricier of the two leveraged LLY funds at 1.49%.

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

LLYX The fund seeks daily leveraged returns equal to twice the daily percentage change in Eli Lilly and Company’s share price.

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

  • LLYX Pure mechanism: total return swaps on Eli Lilly, reset daily, aiming for twice LLY's move each session. It sits in a very small group of funds offering geared LLY exposure.defianceetfs.com
  • Geared LLY exposure in an ordinary brokerage account: no margin account, no options approval, and shares change hands regularly enough for everyday order sizes.defianceetfs.com
  • Upper half of a crowded single-stock leveraged field, helped by day-to-day results that have stayed close to the stated 2x daily target.
  • 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

  • LLYX Daily reset is the whole ballgame. Hold longer than a day and choppy LLY action can leave you with less than 2x the period move, even if the stock finishes higher.defianceetfs.com
  • Cost is the trade-off: 1.49% a year, above the category median, while the other leveraged LLY fund, ELIL, charges 1.07% net of a waiver through September 1, 2027.
  • One stock, doubled: an FDA or trial headline on Eli Lilly lands twice as hard here, and the exposure runs through swap counterparties rather than shares of LLY.defianceetfs.comsec.gov
  • 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 LLYX profile⁠

Full TSMG profile⁠

LLYX vs TSMG Holdings

How LLYX and TSMG differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of LLYX and 0.0% of TSMG.

Level by level

  • Asset classLeveraged/Inverse, Equity0.0%
  • Holdings0 in both0.0%
  • Countryby domicile100%

Sector

No Sector split for LLYX and TSMG.

Country, concentration and asset class

Country by domicile

Country weights in LLYX and TSMG, widest gap first
CountryMore in LLYXMore in TSMG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • LLYX270.6%
  • TSMG214.6%

Securities held

  • LLYX2
  • TSMG1

Asset class

LLYX
Leveraged/Inverse
TSMG
Equity

Holdings

  • Only in LLYX2
  • In both0
  • Only in TSMG1

Only in LLYX

2 securities, 70.1% of LLYX by weight

  • United States Treasury Bill 11/19/202662.81%
  • First American Government Obligations Fund 12/01/20317.33%

Only in TSMG

1 security, 14.6% of TSMG by weight

  • First American Treasury Obligations Fund 01/01/204014.59%

Weight gaps

LLYX and TSMG share no securities.

All 10 LLYX 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.

LLYX vs TSMG Cost

Overpaying LLYX vs TSMG

$11,485

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

  • LLYX 1.49%

    $26,141

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • LLYX 1.49%
  • 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$30K051015202530LLYX $26,141TSMG $14,656

Year by year

YearLLYXTSMGOverpaying
10$2,574$1,353$1,221
20$9,464$5,142$4,322
30$26,141$14,656$11,485

Expense ratio

  • 1.49%LLYX
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 315 funds

LLYX 263rd cheapest of 315 funds

LLYX vs TSMG Dividends

Last 12 months to Nov 2, 2026
Last payment
LLYX $0.70
TSMG $2.73
Ex-dividend
LLYX Dec 30, 2025
TSMG Dec 30, 2025
Paid on
LLYX Dec 31, 2025
TSMG Jan 2, 2026
Frequency
LLYX Irregular
TSMG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

LLYXIrregular · 1 paymentAll LLYX payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $0.70. Use the arrow keys to read each point.$0$2.502026YTD
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

LLYX vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
LLYX 74.1%since Sep 2024TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
LLYX 0.39since Sep 2024TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
LLYX −68.0%since Aug 2024TSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
LLYX 0.60TSMG 3.81

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