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MPG vs TSMG

Leverage Shares 2x Long MP Daily ETF

MPGCNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

MPG0.76%TSMG0.76%

Avg volume · 30D

MPG 3.7×the volume

MPG259KTSMG69K

MPG vs TSMG Performance

Oct 31, 2025 – Oct 30, 2026

−79.1%MPG+40.8%TSMG

Oct 31, 2025 to Oct 30, 2026. MPG −79.1%. TSMG +40.8%. Use the arrow keys to read each point.−50%0%100%Oct 2025Apr 2026Oct 2026
Expense ratio
MPG 0.76%
TSMG 0.76%
Fund size
MPG $3M
TSMG $28M
1Y total return
MPG −79.1%
TSMG +40.8%, better
Holdings
MPG 5
TSMG 5
Avg volume (30D)
MPG 259K sh, better
TSMG 69K sh
NAV per share
MPG $2.47
TSMG $33.77
52W range

ETF.net Grade

MPG: Cost 70, Risk 47, Mission 99, Tradability 59, Holdings not scored, Durability 48. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for MPG, TSMG, with each pillar’s weight
PillarMPGTSMG
Cost30% weightA70A70
Mission25% weightA99HigherA79
Risk15% weightC47A84Higher
Tradability15% weightB59A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC48B67Higher

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. MPG 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 MPG 123rd 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 123CMNSXCorgi MNST 2x Daily ETFScore 40
  4. Rank 123CMPGLeverage Shares 2x Long MP Daily ETFScore 40
  5. Rank 123CMPWCCorgi MPWR 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

MPGCLeverage Shares 2x Long MP Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

MPG Two times the daily move of MP Materials, owner of Mountain Pass, North America's only active, scaled rare earth site. A supply-chain trade with the volume turned up, at 0.76% a year with no waiver propping up the number.

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

MPG The fund seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of MP Materials Corp. stock (MP).

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

  • MPG 0.76% a year, gross and net identical, no fee waiver doing the work, and below the typical fee in the single-stock leveraged crowd.
  • One holding, one job: 200% of MP Materials' daily move, the US rare earth magnet story with leverage attached.mpmaterials.com
  • Trades like a stock: no margin account, no margin calls, and exposure limited to what you put in, per the issuer factsheet.leverageshares.com
  • Day to day, results have hugged the stated 2x target closely, which is the whole point of a daily-reset product.
  • 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

  • MPG The 2x resets daily. Hold for weeks and compounding takes the wheel; choppy stretches can leave you short of 2x the stock's move.leverageshares.com
  • One company, no diversification. MP Materials swings hard on policy and rare earth headlines, and this doubles those swings both ways.mpmaterials.com
  • Launched in 2025 and still a small fund with moderate volume, so spreads can run wider than on the category's giants.
  • 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 MPG profile⁠

Full TSMG profile⁠

MPG 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.

MPG vs TSMG Cost

Same expense ratio

$14,656

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

  • MPG 0.76%

    $14,656

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • MPG 0.76%
  • TSMG 0.76%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530MPG $14,656TSMG $14,656

Year by year

YearMPGTSMG
10$1,353$1,353
20$5,142$5,142
30$14,656$14,656

Expense ratio

  • 0.76%MPG
  • 0.76%TSMG
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

MPG 131st cheapest of 315 funds

TSMG 131st cheapest of 315 funds

MPG vs TSMG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

MPGAll MPG 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

MPG vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MPG 142.7%since Nov 2025TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
MPG −0.48since Nov 2025TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
MPG No dataTSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
MPG 7.82TSMG 3.81

Popular comparisons

  • MPGCvsUNHGA

    Leverage Shares 2x Long MP 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.

  • TSMGAvsUNHGA

    Leverage Shares 2x Long TSM Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    0.76% · 0.77%
    Category
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  • MPGCvsOKTGA

    Leverage Shares 2x Long MP Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    0.76% · 0.75%
    Category
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  • 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.

  • MPGCvsPANGA

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    Expense ratio
    0.76% · 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.