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LUNL vs TSMG

Daily Target 2X Long LUNR ETF

LUNLDCboe

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

0.0%by weight

Expense ratio

TSMG −0.58pt a year

LUNL1.34%TSMG0.76%

Avg volume · 30D

LUNL 21.9×the volume

LUNL1.51MTSMG69K

LUNL vs TSMG Performance

Jul 31, 2026 – Oct 30, 2026

−42.5%LUNL−4.6%TSMG

Jul 31, 2026 to Oct 30, 2026. LUNL −42.5%. TSMG −4.6%. Use the arrow keys to read each point.50%100%150%Jul 2026Sep 2026Oct 2026
Expense ratio
LUNL 1.34%
TSMG 0.76%, better
Fund size
LUNL $9M
TSMG $28M
1Y total return
LUNL No data
TSMG +40.8%
Holdings
LUNL 9
TSMG 5
Avg volume (30D)
LUNL 1.51M sh, better
TSMG 69K sh
NAV per share
LUNL $1.69
TSMG $33.77
52W range

ETF.net Grade

LUNL: Cost 22, Risk 28, Mission 87, Tradability 59, Holdings not scored, Durability 60. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for LUNL, TSMG, with each pillar’s weight
PillarLUNLTSMG
Cost30% weightF22A70Higher
Mission25% weightA87HigherA79
Risk15% weightD28A84Higher
Tradability15% weightB59A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB60B67Higher

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. LUNL 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 LUNL 264th 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 261DTDCLGraniteShares 2x Long TDC Daily ETFScore 35
  4. Rank 264DLUNLDaily Target 2X Long LUNR ETFScore 34
  5. Rank 264DMRALGraniteShares 2x Long MARA Daily ETFScore 34

Our read on each fund

ETF.net Research

LUNLDDaily Target 2X Long LUNR ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

LUNL A 2x daily lever on Intuitive Machines, the lunar-lander company. Defiance billed it as the first leveraged ETF on LUNR, and the leverage resets every session, so it is a day-trade tool rather than a buy-and-forget moon bet.

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

LUNL Seeks daily investment results, before fees and expenses, equal to two times (200%) the daily percentage change in the share price of Intuitive Machines, Inc.; the Fund is intended for single‐day (daily) use.

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

  • LUNL Defiance launched it in January 2026 as the first 2x daily ETF on Intuitive Machines, so the trade needs no margin account and no options chain.yahoo.com
  • One job: 200% of LUNR's daily move, before fees and expenses. No basket, no index committee, nothing else in the box.defianceetfs.com
  • It has stayed close to its stated 2x daily mark, and it trades actively enough for traders to get in and out inside a session.
  • The reference stock is a space infrastructure name built around lunar access and data services, a corner of the market with few leveraged wrappers.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

  • LUNL The fee is 1.34%, with no waiver in place, above the norm for leveraged single-stock funds. Leverage Shares' 2x funds such as TSMG (0.76%) and OKTG (0.75%) cost less.
  • Leverage resets daily. Hold past one session and the result depends on the path LUNR takes; the prospectus says the fund is intended for single-day use.
  • Doubling one volatile stock cuts both ways, and the fund has not been paying distributions, so the outcome rides entirely on price.
  • 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 LUNL profile⁠

Full TSMG profile⁠

LUNL vs TSMG Holdings

How LUNL and TSMG differ

Overlap by weight

0.0%

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

Level by level

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

Sector

No Sector split for LUNL and TSMG.

Country, concentration and asset class

Country by domicile

Country weights in LUNL and TSMG, widest gap first
CountryMore in LUNLMore in TSMG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • LUNL304.0%
  • TSMG212.4%

Securities held

  • LUNL2
  • TSMG1

Asset class

LUNL
Leveraged/Inverse
TSMG
Equity

Holdings

  • Only in LUNL2
  • In both0
  • Only in TSMG1

Only in LUNL

2 securities, 100% of LUNL by weight

  • United States Treasury Bill 11/19/2026102.80%
  • First American Government Obligations Fund 12/01/20310.71%

Only in TSMG

1 security, 12.4% of TSMG by weight

  • First American Treasury Obligations Fund 01/01/204012.41%

Weight gaps

LUNL and TSMG share no securities.

All 10 LUNL 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.

LUNL vs TSMG Cost

Overpaying LUNL vs TSMG

$9,309

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

  • LUNL 1.34%

    $23,965

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • LUNL 1.34%
  • 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$25K051015202530LUNL $23,965TSMG $14,656

Year by year

YearLUNLTSMGOverpaying
10$2,329$1,353$976
20$8,621$5,142$3,479
30$23,965$14,656$9,309

Expense ratio

  • 1.34%LUNL
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 315 funds

LUNL 250th cheapest of 315 funds

LUNL vs TSMG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

LUNLAll LUNL 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

LUNL vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
LUNL No dataTSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
LUNL No dataTSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
LUNL No dataTSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
LUNL 9.30TSMG 3.81

Popular comparisons

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    Expense ratio
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  • TSMGAvsUNHGA

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