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NETG vs TSMG

Leverage Shares 2x Long NET Daily ETF

NETGBNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

NETG −0.01pt a year

NETG0.75%TSMG0.76%

Avg volume · 30D

NETG 1.2×the volume

NETG80.9KTSMG69K

NETG vs TSMG Performance

Dec 31, 2025 – Oct 30, 2026

+16.2%NETG+41.5%TSMG

Dec 31, 2025 to Oct 30, 2026. NETG +16.2%. TSMG +41.5%. Use the arrow keys to read each point.−25%0%75%100%Dec 2025Jun 2026Oct 2026
Expense ratio
NETG 0.75%, better
TSMG 0.76%
Fund size
NETG $5M
TSMG $28M
1Y total return
NETG No data
TSMG +40.8%
Holdings
NETG 4
TSMG 5
Avg volume (30D)
NETG 80.9K sh, better
TSMG 69K sh
NAV per share
NETG $14.86
TSMG $33.77
52W range

ETF.net Grade

NETG: Cost 70, Risk 70, Mission 91, Tradability 59, Holdings not scored, Durability 49. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for NETG, TSMG, with each pillar’s weight
PillarNETGTSMG
Cost30% weightA70A70
Mission25% weightA91HigherA79
Risk15% weightA70A84Higher
Tradability15% weightB59A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC49B67Higher

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. NETG 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 NETG 18th 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 18BKLAGLeverage Shares 2X Long KLAC Daily ETFScore 65
  4. Rank 18BNETGLeverage Shares 2x Long NET Daily ETFScore 65
  5. Rank 18BTERGLeverage Shares 2X Long TER Daily ETFScore 65

Our read on each fund

ETF.net Research

NETGBLeverage Shares 2x Long NET Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

NETG Two times Cloudflare's daily move, priced at 0.75% a year. Leverage Shares got to this trade second and answered with the cheaper ticket, matching its house rate for 2x single-stock funds.

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

NETG The fund seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of Cloudflare, Inc. stock (NET).

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

  • NETG 0.75% a year puts it under the typical 2x single-stock fee and matches Leverage Shares' house rate, below what Direxion charges on GGLL and AAPU.
  • Clean single-name mechanics: 200% of Cloudflare's daily move, before fees. No basket, no index, nothing else diluting the trade.leverageshares.com
  • Hits its stated 2x daily target closely, one of the tighter implementations in the leveraged single-stock group.
  • 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

  • NETG The leverage resets every day. Hold longer than a session and compounding pulls results away from 2x the stock's move, with choppy tape widening the gap.
  • One company, doubled. An earnings print or a Cloudflare outage headline moves the entire position, with no other holdings to absorb it.
  • Launched in November 2025 with a small asset base and no distributions, so it has less trading depth and track record behind it than entrenched funds.
  • 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 NETG profile⁠

Full TSMG profile⁠

NETG 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.

NETG vs TSMG Cost

Overpaying TSMG vs NETG

$174

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

  • NETG 0.75%

    $14,482

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • NETG 0.75%
  • 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$15K051015202530TSMG $14,656NETG $14,482

Year by year

YearNETGTSMGOverpaying
10$1,336$1,353$17
20$5,078$5,142$64
30$14,482$14,656$174

Expense ratio

  • 0.75%NETG, cheaper
  • 0.76%TSMG
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

NETG 87th cheapest of 315 funds

TSMG 131st cheapest of 315 funds

NETG vs TSMG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

NETGAll NETG 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

NETG vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
NETG No dataTSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
NETG No dataTSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
NETG No dataTSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
NETG −1.67TSMG 3.81

Popular comparisons

  • NETGBvsUNHGA

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

    Expense ratio
    0.75% · 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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  • NETGBvsOKTGA

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

    Expense ratio
    0.75% · 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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  • NETGBvsPANGA

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    Expense ratio
    0.75% · 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
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