MRAL vs TSMG

MRALDGraniteShares 2x Long MARA Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

MRAL Two times the daily move of MARA Holdings, a bitcoin miner whose shares already travel in big steps, built from swaps that reset each afternoon. GraniteShares rates it top of its own risk scale and aims it at single-day holds.

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

MRAL The fund seeks to deliver twice the daily return of MARA Holdings Corporation for active traders seeking amplified short-term exposure.

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

• MRAL Mechanically plain: total-return swaps supply about 200% notional MARA exposure, collateralized by cash and Treasury bills, no margin account or options chain on your end.graniteshares.com
• A 1940 Act ETF that trades like a stock, so the leverage lives inside the fund and sits in an ordinary brokerage account rather than on borrowed money in yours.graniteshares.com
• GraniteShares is blunt about the job: top of its own 5-point risk scale, for sophisticated investors who actively monitor positions and hold for very short periods.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

• MRAL 1.50% net of a waiver through December 31, 2026 (1.93% gross), above the category median; the best-rated 2x single-stock funds, such as OKTG at 0.75%, charge far less.
• Daily reset means path matters. Held longer than a day, a choppy stretch in MARA can leave the fund's return well short of twice the stock's move over that span.graniteshares.com
• A niche fund that trades in moderate size rather than a category flagship, so spreads and limit orders are worth a look.

• 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 MRAL profile⁠

Full TSMG profile⁠