Skip to content

MUU vs TSMG

Direxion Daily MU Bull 2X ETF

MUUBNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

0.0%by weight

Expense ratio

TSMG −0.25pt a year

MUU1.01%TSMG0.76%

Avg volume · 30D

MUU 488.2×the volume

MUU33.2MTSMG68.1K

MUU vs TSMG Performance

Nov 7, 2025 – Nov 9, 2026

+311.7%MUU+40.3%TSMG

Nov 7, 2025 to Nov 9, 2026. MUU +311.7%. TSMG +40.3%. Use the arrow keys to read each point.500%750%1,000%1,250%1,500%Nov 2025May 2026Nov 2026
Expense ratio
MUU 1.01%
TSMG 0.76%, better
Fund size
MUU $1.55B
TSMG $24M
1Y total return
MUU +311.7%, better
TSMG +40.3%
Yield (12M)
MUU 3.48%
TSMG No data
Holdings
MUU 11
TSMG 6
Avg volume (30D)
MUU 33.2M sh, better
TSMG 68.1K sh
NAV per share
MUU $13.77
TSMG $28.23
52W range

ETF.net Grade

MUU: Cost 46, Risk 66, Mission 90, Tradability 70, Holdings not scored, Durability 86. TSMG: Cost 70, Risk 82, Mission 75, Tradability 76, Holdings not scored, Durability 66.
Pillar letters and Scores for MUU, TSMG, with each pillar’s weight
PillarMUUTSMG
Cost30% weightC46A70Higher
Mission25% weightA90HigherA75
Risk15% weightB66A82Higher
Tradability15% weightA70A76Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA86HigherB66

Rank among Single-Stock Long Leveraged funds

Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. MUU and TSMG are both graded against the same 312 Single-Stock Long Leveraged funds, so their Grades compare head to head.

Single-Stock Long Leveraged⁠

Category · 312 funds
See all 312 ›

TSMG ranks 2nd and MUU 46th of 312 funds in the Single-Stock Long Leveraged Category.

  1. Rank 1AUNHGLeverage Shares 2x Long UNH Daily ETFScore 74
  2. Rank 2ATSMGLeverage Shares 2x Long TSM Daily ETFScore 73
  3. Rank 3ACOTGLeverage Shares 2X Long COST Daily ETFScore 70
  4. Rank 46BHOOXDaily Target 2X Long HOOD ETFScore 59
  5. Rank 46BMUUDirexion Daily MU Bull 2X ETFScore 59
  6. Rank 46BSTXULeverage Shares 2X Long STX Daily ETFScore 59

Our read on each fund

ETF.net Research

MUUBDirexion Daily MU Bull 2X ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

MUU Two ETFs offer 2x daily Micron. MUU is the cheaper one, and the one that actually trades. The mandate is 200% of Micron's daily share move before fees, with the leverage clock reset every morning.

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

MUU The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Micron Technology, Inc.’s 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

  • MUU Same 2x daily Micron exposure as its only twin, MULL, at roughly a third of the cost: 1.01% versus 3.06%.
  • The mandate fits on one line: 200% of Micron's daily share performance, before fees. One stock, one multiple, no manager discretion.direxion.com
  • A multibillion-dollar fund and one of the busier tickers in the single-stock leverage aisle, which matters for a product built to be traded.
  • Day to day it has tracked its 2x target tightly, one of the stronger implementations in a crowded leveraged cohort.
  • 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

  • MUU The 2x resets every morning. Hold longer and the result comes from compounded daily moves, which can drift well away from twice Micron's move over the stretch.
  • One company's stock, doubled. There is nothing else in the basket to cushion a bad session.
  • The 1.01% fee sits right at the median for leveraged single-stock funds: far under MULL, above the 0.75% charged by peers like UNHG and ASMG.
  • 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 MUU profile⁠

Full TSMG profile⁠

MUU vs TSMG Holdings

How MUU and TSMG differ

Overlap by weight

0.0%

About this figure: MUU gets much of its exposure from swaps and futures, which aren’t counted.

TSMG gets much of its exposure from swaps and futures, which aren’t counted.

Level by level

  • Holdings0 in both0.0%
  • Asset classStocks100%
  • Countryby domicile100%

Sector

No Sector split for TSMG.

Country, concentration and asset class

Country by domicile

Country weights in MUU and TSMG, widest gap first
CountryMore in MUUMore in TSMGGap
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • MUU98.8%
  • TSMG211.0%

Securities held

  • MUU2
  • TSMG2

Asset class

MUU
Stocks
TSMG
Stocks

Holdings

  • Only in MUU2
  • In both0
  • Only in TSMG2

Only in MUU

2 securities, 20.9% of MUU by weight

  • Goldman Finl Sq Trsry Inst 50614.44%
  • Micron Technology Inc6.46%

Only in TSMG

2 securities, 21.0% of TSMG by weight

  • First American Treasury Obligations Fund 01/01/204010.98%
  • 874039100 Swp10.06%

Weight gaps

MUU and TSMG share no securities.

All MUU holdings⁠All 6 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.

MUU vs TSMG Cost

Overpaying MUU vs TSMG

$4,194

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

  • MUU 1.01%

    $18,850

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • MUU 1.01%
  • 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$20K051015202530MUU $18,850TSMG $14,656

Year by year

YearMUUTSMGOverpaying
10$1,780$1,353$427
20$6,686$5,142$1,544
30$18,850$14,656$4,194

Expense ratio

  • 1.01%MUU
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 312 funds

MUU 198th cheapest of 312 funds

MUU vs TSMG Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
MUU 3.48%
TSMG No data
Payout (12M)
MUU $0.54
TSMG No data
Last payment
MUU $0.20
TSMG $2.73
Ex-dividend
MUU Sep 22, 2026
TSMG Dec 30, 2025
Paid on
MUU Sep 29, 2026
TSMG Jan 2, 2026
Frequency
MUU Quarterly
TSMG Irregular

Distribution history

Per share, 2024 to 2026, same scale for both

MUUQuarterly · 9 paymentsAll MUU payments⁠
One bar per payment. 9 payments from 2024 to 2026 YTD. Dec 23, 2024 $0.0024; Mar 25, 2025 $0.0062; Jun 24, 2025 $0.0052; Sep 23, 2025 $0.0032; Dec 10, 2025 $0.18; Dec 23, 2025 $0.02; Mar 24, 2026 $0.03; Jun 23, 2026 $0.10; Sep 22, 2026 $0.20. Use the arrow keys to read each point.$0$2.502026YTD
TSMGIrregular · 1 paymentAll TSMG payments⁠
One bar per payment. 1 payment from 2024 to 2026 YTD. Dec 30, 2025 $2.73. Use the arrow keys to read each point.$0$2.502026YTD

MUU vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MUU 216.8%since Nov 2024TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
MUU 1.44since Nov 2024TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
MUU −79.4%since Oct 2024TSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
MUU 7.80TSMG 3.98

Popular comparisons

  • MUUBvsUNHGA

    Direxion Daily MU Bull 2X ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    1.01% · 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.
  • MUUBvsCOTGA

    Direxion Daily MU Bull 2X ETF · Leverage Shares 2X Long COST Daily ETF

    Expense ratio
    1.01% · 0.77%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.
  • TSMGAvsCOTGA

    Leverage Shares 2x Long TSM Daily ETF · Leverage Shares 2X Long COST 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.
  • MUUBvsOKTGA

    Direxion Daily MU Bull 2X ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    1.01% · 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.