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NBIL vs TSMG

GraniteShares 2x Long NBIS Daily ETF

NBILCNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

TSMG −0.65pt a year

NBIL1.41%TSMG0.76%

Avg volume · 30D

NBIL 65.2×the volume

NBIL4.5MTSMG69K

NBIL vs TSMG Performance

Oct 31, 2025 – Oct 30, 2026

−60.5%NBIL+40.8%TSMG

Oct 31, 2025 to Oct 30, 2026. NBIL −60.5%. TSMG +40.8%. Use the arrow keys to read each point.0%100%150%Oct 2025May 2026Oct 2026
Expense ratio
NBIL 1.41%
TSMG 0.76%, better
Fund size
NBIL $198M
TSMG $28M
1Y total return
NBIL −60.5%
TSMG +40.8%, better
Holdings
NBIL 2
TSMG 5
Avg volume (30D)
NBIL 4.5M sh, better
TSMG 69K sh
NAV per share
NBIL $12.79
TSMG $33.77
52W range

ETF.net Grade

NBIL: Cost 20, Risk 44, Mission 97, Tradability 95, Holdings not scored, Durability 76. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for NBIL, TSMG, with each pillar’s weight
PillarNBILTSMG
Cost30% weightF20A70Higher
Mission25% weightA97HigherA79
Risk15% weightC44A84Higher
Tradability15% weightA95HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightA76HigherB67

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. NBIL 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 NBIL 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 97CMSTUT-REX 2X Long MSTR Daily Target ETFScore 46
  4. Rank 97CNBILGraniteShares 2x Long NBIS Daily ETFScore 46
  5. Rank 97CNFLUT-REX 2X Long NFLX Daily Target ETFScore 46

Our read on each fund

ETF.net Research

NBILCGraniteShares 2x Long NBIS Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

NBIL Two times the daily move of Nebius, the Amsterdam AI-cloud company rebuilt from Yandex's non-Russian assets. One volatile stock, doubled, reset every night: a trading tool by design, not a set-and-forget holding.

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

NBIL The Fund seeks daily investment results, before fees and expenses, equal to two times the daily percentage change of Nebius Group N.V. stock.

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

  • NBIL Does the job on the tin: it has stayed close to its stated 2x daily NBIS target, one of the tighter implementations in a crowded single-stock leverage field.
  • Actively traded for such a young fund, which helps keep the cost of getting in and out contained.
  • Doubled exposure to a GPU-cloud builder in an ordinary brokerage account: no margin agreement, no options chain, no swap paperwork of your own.graniteshares.com
  • 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

  • NBIL The 1.50% expense ratio sits well above the typical 2x single-stock fund, and rivals (NBIG, NEBX) chase the same daily NBIS target.leverageshares.comtradretfs.com
  • The multiple resets daily, so results over longer stretches can drift far from 2x the stock's move, especially through choppy trading.graniteshares.com
  • One AI infrastructure name, leveraged, launched in 2025: concentrated, volatile, and with a short record to judge it by. 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 NBIL profile⁠

Full TSMG profile⁠

NBIL 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.

NBIL vs TSMG Cost

Overpaying NBIL vs TSMG

$10,336

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

  • NBIL 1.41%

    $24,992

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • NBIL 1.41%
  • 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$20K$25K051015202530NBIL $24,992TSMG $14,656

Year by year

YearNBILTSMGOverpaying
10$2,444$1,353$1,091
20$9,017$5,142$3,875
30$24,992$14,656$10,336

Expense ratio

  • 1.41%NBIL
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 315 funds

NBIL 257th cheapest of 315 funds

NBIL vs TSMG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

NBILAll NBIL 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

NBIL vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
NBIL 207.5%since Nov 2025TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
NBIL 0.40since Nov 2025TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
NBIL −84.0%since Oct 2025TSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
NBIL 7.58TSMG 3.81

Popular comparisons

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    Expense ratio
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