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MSTU vs TSMG

T-REX 2X Long MSTR Daily Target ETF

MSTUCCboe

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

0.0%by weight

Expense ratio

TSMG −0.29pt a year

MSTU1.05%TSMG0.76%

Avg volume · 30D

MSTU 117.1×the volume

MSTU8.08MTSMG69K

MSTU vs TSMG Performance

Oct 31, 2025 – Nov 2, 2026

−91.0%MSTU+36.4%TSMG

Oct 31, 2025 to Nov 2, 2026. MSTU −91.0%. TSMG +36.4%. Use the arrow keys to read each point.−50%0%100%Oct 2025May 2026Nov 2026
Expense ratio
MSTU 1.05%
TSMG 0.76%, better
Fund size
MSTU $542M
TSMG $28M
1Y total return
MSTU −91.0%
TSMG +36.4%, better
Holdings
MSTU 4
TSMG 5
Avg volume (30D)
MSTU 8.08M sh, better
TSMG 69K sh
NAV per share
MSTU $27.00
TSMG $33.77
52W range

ETF.net Grade

MSTU: Cost 42, Risk 31, Mission 80, Tradability 61, Holdings not scored, Durability 81. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for MSTU, TSMG, with each pillar’s weight
PillarMSTUTSMG
Cost30% weightC42A70Higher
Mission25% weightA80HigherA79
Risk15% weightD31A84Higher
Tradability15% weightB61A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA81HigherB67

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. MSTU 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 MSTU 97th 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 97CHYNXT-REX 2X Long SK Hynix Daily Target ETFScore 46
  4. Rank 97CMSTUT-REX 2X Long MSTR Daily Target ETFScore 46
  5. Rank 97CNBILGraniteShares 2x Long NBIS Daily ETFScore 46

Our read on each fund

ETF.net Research

MSTUCT-REX 2X Long MSTR Daily Target ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

MSTU Two times MicroStrategy's daily move, reset every morning. MSTU is the liquid, lower-fee way to run that trade: less than half the fee of its 2X MSTR rival, and one of the busiest tickers in the leveraged single-stock aisle.

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

MSTU MSTU seeks daily investment results, before fees and expenses, equal to 200% of the performance of MicroStrategy Inc.'s publicly traded common stock. It is designed for a holding period of one trading day, not for tracking the multiple over longer periods.

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

  • MSTU At 1.05% a year, it charges under half what rival 2X MSTR fund MSTP does (2.30%), and lands right around the median for leveraged single-stock funds.
  • Among the most actively traded funds in the leveraged single-stock group, which matters when the intended holding period is one day and spreads eat the edge.
  • The mandate is blunt: 200% of MSTR's daily move, before fees, inside a 1940 Act fund. One lever, no index to second-guess, no overlay.rexshares.com
  • A several-hundred-million-dollar fund that sits in the upper half of a crowded field of leveraged single-stock bull products.
  • 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

  • MSTU The 2x is a daily target that resets each morning. Held through a choppy stretch, results can drift well away from twice MSTR's move, in either direction.
  • One stock, doubled. No diversification cushion, and MSTR is a hard mover on its own, so drawdowns can arrive fast and deep.
  • Launched in 2024, so its record covers a short, unusually wild window for MSTR rather than a full market cycle. It also pays no distributions.
  • 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 MSTU profile⁠

Full TSMG profile⁠

MSTU vs TSMG Holdings

How MSTU and TSMG differ

Overlap by weight

0.0%

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

Level by level

  • Holdings0 in both0.0%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

No Sector split for TSMG.

Country, concentration and asset class

Country by domicile

Country weights in MSTU and TSMG, widest gap first
CountryMore in MSTUMore in TSMG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • MSTU389.0%
  • TSMG214.6%

Securities held

  • MSTU3
  • TSMG1

Asset class

MSTU
Equity
TSMG
Equity

Holdings

  • Only in MSTU3
  • In both0
  • Only in TSMG1

Only in MSTU

3 securities, 100% of MSTU by weight

  • Recv Strg Trs Mstr Eq134.40%
  • Recv Mstu Trs Mstr Us Eq77.56%
  • Recv Mstu Trs Mstr Eq43.17%

Only in TSMG

1 security, 14.6% of TSMG by weight

  • First American Treasury Obligations Fund 01/01/204014.59%

Weight gaps

MSTU and TSMG share no securities.

All 17 MSTU 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.

MSTU vs TSMG Cost

Overpaying MSTU vs TSMG

$4,839

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

  • MSTU 1.05%

    $19,495

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • MSTU 1.05%
  • 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$20K051015202530MSTU $19,495TSMG $14,656

Year by year

YearMSTUTSMGOverpaying
10$1,847$1,353$494
20$6,927$5,142$1,785
30$19,495$14,656$4,839

Expense ratio

  • 1.05%MSTU
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 315 funds

MSTU 201st cheapest of 315 funds

MSTU vs TSMG Dividends

Last 12 months to Nov 2, 2026
Last payment
MSTU $0.29
TSMG $2.73
Ex-dividend
MSTU Aug 25, 2026
TSMG Dec 30, 2025
Paid on
MSTU Aug 26, 2026
TSMG Jan 2, 2026
Frequency
MSTU Irregular
TSMG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

MSTUIrregular · 1 paymentAll MSTU payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Aug 25, 2026 $0.29. Use the arrow keys to read each point.$0$2.502026YTD
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

MSTU vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MSTU 157.3%since Oct 2024TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
MSTU −0.54since Oct 2024TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
MSTU −99.9%since Sep 2024TSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
MSTU 4.62TSMG 3.81

MSTU and TSMG in the news

All news⁠

Popular comparisons

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