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NBIG vs TSMG

Leverage Shares 2x Long NBIS Daily ETF

NBIGBNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

NBIG0.76%TSMG0.76%

Avg volume · 30D

NBIG 43.3×the volume

NBIG2.99MTSMG69K

NBIG vs TSMG Performance

Oct 31, 2025 – Oct 30, 2026

−63.1%NBIG+40.8%TSMG

Oct 31, 2025 to Oct 30, 2026. NBIG −63.1%. TSMG +40.8%. Use the arrow keys to read each point.0%100%Oct 2025Apr 2026Oct 2026
Expense ratio
NBIG 0.76%
TSMG 0.76%
Fund size
NBIG $71M
TSMG $28M
1Y total return
NBIG −63.1%
TSMG +40.8%, better
Holdings
NBIG 6
TSMG 5
Avg volume (30D)
NBIG 2.99M sh, better
TSMG 69K sh
NAV per share
NBIG $6.96
TSMG $33.77
52W range

ETF.net Grade

NBIG: Cost 70, Risk 44, Mission 99, Tradability 90, Holdings not scored, Durability 64. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for NBIG, TSMG, with each pillar’s weight
PillarNBIGTSMG
Cost30% weightA70A70
Mission25% weightA99HigherA79
Risk15% weightC44A84Higher
Tradability15% weightA90HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightB64B67Higher

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. NBIG 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 NBIG 11th 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 11BECHXLeverage Shares 2X Long SATS Daily ETFScore 67
  4. Rank 11BNBIGLeverage Shares 2x Long NBIS Daily ETFScore 67
  5. Rank 15BGEVGLeverage Shares 2x Long GEV Daily ETFScore 66

Our read on each fund

ETF.net Research

NBIGBLeverage Shares 2x Long NBIS Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

NBIG A one-day trade on Nebius, the AI cloud builder, dialed to 2x. NBIG aims for 200% of NBIS's daily move, charges 0.76% (below the category norm), and has hugged that daily target closely since launch.

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

NBIG The fund seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of NBIS.

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

  • NBIG Does exactly what the label says: 200% of NBIS's daily move, nothing clever bolted on. At 0.76% it sits below the typical fee in this category.
  • Tracking has stayed close to the 2x daily mandate, one of the stronger implementations among the hundreds of single-stock bull funds in its peer group.
  • Actively traded for a single-stock leveraged fund, so sizing in and out within the session is rarely a wrestling match.
  • Part of a deep Leverage Shares 2x bench, priced in line with siblings like TSMG at 0.76% and UNHG at 0.77%, none of it propped up by a fee waiver.
  • 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

  • NBIG Daily reset is math, not magic: hold past a day and compounding pulls returns away from 2x. Leverage Shares builds it for short-term trades, often single-day holds.leverageshares.com
  • Two times one stock. Nebius is an AI cloud infrastructure company, and its headline-driven swings land on NBIG twice as hard, in both directions.thestreet.com
  • Short history: it listed in October 2025, so its record has not yet spanned a full market cycle.
  • 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 NBIG profile⁠

Full TSMG profile⁠

NBIG 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.

NBIG vs TSMG Cost

Same expense ratio

$14,656

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

  • NBIG 0.76%

    $14,656

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • NBIG 0.76%
  • TSMG 0.76%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530NBIG $14,656TSMG $14,656

Year by year

YearNBIGTSMG
10$1,353$1,353
20$5,142$5,142
30$14,656$14,656

Expense ratio

  • 0.76%NBIG
  • 0.76%TSMG
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

NBIG 131st cheapest of 315 funds

TSMG 131st cheapest of 315 funds

NBIG vs TSMG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

NBIGAll NBIG 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

NBIG vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
NBIG 205.4%since Nov 2025TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
NBIG 0.37since Nov 2025TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
NBIG −84.1%since Oct 2025TSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
NBIG 7.53TSMG 3.81

Popular comparisons

  • NBIGBvsUNHGA

    Leverage Shares 2x Long NBIS 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.

  • TSMGAvsUNHGA

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

    Expense ratio
    0.76% · 0.77%
    Category
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  • NBIGBvsOKTGA

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

    Expense ratio
    0.76% · 0.75%
    Category
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  • TSMGAvsOKTGA

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

    Expense ratio
    0.76% · 0.75%
    Category
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  • NBIGBvsPANGA

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

    Expense ratio
    0.76% · 0.76%
    Category
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  • 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.