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MUG vs TSMG

Leverage Shares 2x Long MU Daily ETF

MUG—Cboe

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

TSMG −0.23pt a year

MUG0.99%TSMG0.76%

Avg volume · 30D

TSMG 1.8×the volume

MUG38.2KTSMG69K

MUG vs TSMG Performance

Sep 30, 2026 – Oct 30, 2026

−35.0%MUG−23.1%TSMG

Sep 30, 2026 to Oct 30, 2026. MUG −35.0%. TSMG −23.1%. Use the arrow keys to read each point.−10%0%10%Sep 30Oct 15Oct 30
Expense ratio
MUG 0.99%
TSMG 0.76%, better
Fund size
MUG $3M
TSMG $28M
1Y total return
MUG No data
TSMG +40.8%
Holdings
MUG 4
TSMG 5
Avg volume (30D)
MUG 38.2K sh
TSMG 69K sh, better
NAV per share
MUG $12.18
TSMG $33.77
52W range

ETF.net Grade

  • —MUGNot yet graded
TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for MUG, TSMG, with each pillar’s weight
PillarMUGTSMG
Cost30% weightNot scoredA70
Mission25% weightNot scoredA79
Risk15% weightNot scoredA84
Tradability15% weightNot scoredA74
Holdings10% weightNot scoredNot scored
Durability5% weightNot scoredB67

Rank among Single-Stock Long Leveraged funds

How we build Categories ›

Single-Stock Long Leveraged⁠

Category · 315 funds
See all 315 ›

TSMG ranks 1st 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. MUGNot yet graded

Our read on each fund

ETF.net Research

MUG—Leverage Shares 2x Long MU Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

MUG No data

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

MUG No data

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

MUG No data

  • 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

MUG No data

  • 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 MUG profile⁠

Full TSMG profile⁠

MUG 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.

MUG vs TSMG Cost

Overpaying MUG vs TSMG

$3,869

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

  • MUG 0.99%

    $18,525

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • MUG 0.99%
  • 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$20K051015202530MUG $18,525TSMG $14,656

Year by year

YearMUGTSMGOverpaying
10$1,746$1,353$393
20$6,565$5,142$1,423
30$18,525$14,656$3,869

Expense ratio

  • 0.99%MUG
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 315 funds

MUG 169th cheapest of 315 funds

MUG vs TSMG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

MUGAll MUG 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

MUG vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MUG No dataTSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
MUG No dataTSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
MUG No dataTSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
MUG 0.00TSMG 3.81

Popular comparisons

  • MUG—vsUNHGA

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

    Expense ratio
    0.99% · 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
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MUG—vsOKTGA

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

    Expense ratio
    0.99% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • 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.

  • MUG—vsPANGA

    Leverage Shares 2x Long MU Daily ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    0.99% · 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.