NFXL vs TSMG

NFXLCDirexion Daily NFLX Bull 2X Shares

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

NFXL Netflix at double speed in a single ticker. NFXL aims for 200% of NFLX's move each trading day, resets that target every day, and comes with a bear twin for traders who want the other side.

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

NFXL The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Netflix 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

• NFXL One job, plainly stated: 200% of Netflix's daily move, built mostly from swaps with large global banks, and it has stayed close to that daily target.sec.gov
• Among hundreds of geared single-stock bull funds, it sits in the upper tier for how cleanly it delivers the objective written in its own prospectus.
• No margin account, no options chain. The gearing lives inside a registered fund that manages its own daily exposure, and the shares trade like any other stock.sec.gov
• Live since 2024 and actively traded, with a Direxion bear counterpart (NFXS) launched beside it, so both directions on Netflix exist in the same format.direxion.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

• NFXL Priced above the category median: 1.05% net, 1.06% gross, net of a waiver through September 1, 2027, versus 0.75% at peer OKTG and 0.76% at TSMG.
• The 2x target applies to one day only. Hold longer and daily compounding takes over, so the path can diverge from twice Netflix's return, especially in choppy stretches.sec.gov
• One stock, one story. An earnings night or a content headline at Netflix lands here at double size, in either direction, with no diversification to soften it.sec.gov

• 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 NFXL profile⁠

Full TSMG profile⁠