MSFU vs TSMG

MSFUBDirexion Daily MSFT Bull 2X Shares

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

MSFU A day-trading dial on Microsoft: MSFU targets 200% of MSFT's daily move, then resets every night. It launched as a 1.5x fund and was re-geared to a full 2x in April 2024, so today's version is the more aggressive one.

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

MSFU The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Microsoft Corporation common shares.

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

• MSFU The mandate is one line: 200% of Microsoft's daily move, before fees and expenses. No stock picking, no index committee, one name and one multiple.direxion.com
• Fee is 0.98%, a shade under the going rate in the leveraged single-stock aisle, where 2x peers such as GGLL and AAPU also cluster near 1%.
• Among the more heavily traded funds in its category, and Direxion runs a bear-side twin (MSFD) for exposure in the other direction.direxion.com
• Trading since 2022, which makes it a veteran in a fund category that barely existed before then.

• 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

• MSFU The daily reset compounds. Over any stretch longer than a day, results can drift well away from 2x MSFT's move for that period, and choppy tape widens the gap.sec.gov
• One company, no cushion. An earnings miss or a headline at Microsoft lands here at double strength, with nothing else in the portfolio to soften it.sec.gov
• Direxion's own filings describe the fund as riskier than unleveraged alternatives and built around a one-day holding period, not the back of a drawer.sec.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 MSFU profile⁠

Full TSMG profile⁠