MSFX vs TSMG

MSFXCT-Rex 2X Long Microsoft Daily Target ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

MSFX One job, done at double speed: MSFX aims for about twice Microsoft's daily move, then resets the clock every night. A 2024 T-Rex launch for traders who want geared MSFT in a plain brokerage account, measured in days rather than years.

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

MSFX The Fund seeks to deliver approximately twice the daily performance of Microsoft Corp.'s publicly traded common stock, before fees and expenses. Results over periods longer than one trading day may differ because of daily compounding.

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

• MSFX The mandate fits on a napkin: roughly twice Microsoft's daily move, before fees. No stock picking, no options overlay, no manager discretion.
• Since its January 2024 launch it has stayed close to that daily target, which puts it in the upper half of a crowded bullish single-stock leveraged field.
• Geared exposure inside a 1940 Act fund: no margin account, no borrowing, no margin call on the position, and it trades like any other ETF ticket.

• 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

• MSFX Daily reset means compounding. Hold longer than a day and results can drift from twice Microsoft's move over that stretch, with choppy tape widening the gap.
• The ride runs 1.05% a year, a notch above the peer midpoint and above the cheapest 2x single-stock lineups such as ASMG and AMDG.
• One company, doubled. A Microsoft earnings gap or headline lands here at twice the force, with no other holdings to soften it.

• 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 MSFX profile⁠

Full TSMG profile⁠