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ORCX vs TSMG

Daily Target 2X Long ORCL ETF

ORCXCNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

TSMG −0.55pt a year

ORCX1.31%TSMG0.76%

Avg volume · 30D

ORCX 41.3×the volume

ORCX2.81MTSMG68.1K

ORCX vs TSMG Performance

Nov 7, 2025 – Nov 9, 2026

−84.3%ORCX+40.3%TSMG

Nov 7, 2025 to Nov 9, 2026. ORCX −84.3%. TSMG +40.3%. Use the arrow keys to read each point.−50%0%100%Nov 2025May 2026Nov 2026
Expense ratio
ORCX 1.31%
TSMG 0.76%, better
Fund size
ORCX $143M
TSMG $24M
1Y total return
ORCX −84.3%
TSMG +40.3%, better
Holdings
ORCX 9
TSMG 6
Avg volume (30D)
ORCX 2.81M sh, better
TSMG 68.1K sh
NAV per share
ORCX $12.31
TSMG $28.23
52W range

ETF.net Grade

ORCX: Cost 26, Risk 42, Mission 98, Tradability 76, Holdings not scored, Durability 81. TSMG: Cost 70, Risk 82, Mission 75, Tradability 76, Holdings not scored, Durability 66.
Pillar letters and Scores for ORCX, TSMG, with each pillar’s weight
PillarORCXTSMG
Cost30% weightD26A70Higher
Mission25% weightA98HigherA75
Risk15% weightC42A82Higher
Tradability15% weightA76A76
Holdings10% weightNot scoredNot scored
Durability5% weightA81HigherB66

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. ORCX 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 ORCX 103rd 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 103CGEVXTradr 2X Long GEV Daily ETFScore 45
  5. Rank 103CORCXDaily Target 2X Long ORCL ETFScore 45
  6. Rank 106CAPPXTradr 2X Long APP Daily ETFScore 44

Our read on each fund

ETF.net Research

ORCXCDaily Target 2X Long ORCL ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

ORCX The first 2x ETF on Oracle, live since February 2025. It targets twice ORCL's daily move for 1.31%, pricier than most single-stock leverage, in a fund you can trade without a margin account.

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

ORCX The Fund seeks daily leveraged investment results equal to two times the daily percentage change in Oracle Corporation's share price.

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

  • ORCX Two times Oracle's daily move, reset each day, inside an ordinary brokerage account. No margin agreement, no options chain, no share borrow to arrange.nasdaq.com
  • The daily math lands close to its stated 2x target, and the fund trades actively, so getting in and out is rarely the hard part.
  • First mover on leveraged Oracle (February 2025) and still in the upper half of a very crowded single-stock leverage field.nasdaq.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

  • ORCX At 1.31% it sits above the category median, and ORCU runs the same 2x ORCL mandate at 0.97% net of a waiver through September 1, 2027.
  • The 2x target resets daily, so over longer stretches the result follows ORCL's path, not its start and end points. Choppy tape erodes value. This is a trading tool.
  • One company, doubled. An Oracle earnings night or cloud-contract headline hits here twice as hard, with no other holdings to cushion it.
  • 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 ORCX profile⁠

Full TSMG profile⁠

ORCX 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.

ORCX vs TSMG Cost

Overpaying ORCX vs TSMG

$8,863

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

  • ORCX 1.31%

    $23,519

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • ORCX 1.31%
  • 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$25K051015202530ORCX $23,519TSMG $14,656

Year by year

YearORCXTSMGOverpaying
10$2,280$1,353$927
20$8,450$5,142$3,308
30$23,519$14,656$8,863

Expense ratio

  • 1.31%ORCX
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 312 funds

ORCX 236th cheapest of 312 funds

ORCX vs TSMG Dividends

Last 12 months to Nov 9, 2026
Payout (12M)
ORCX None
TSMG No data
Last payment
ORCX No data
TSMG $2.73
Ex-dividend
ORCX No data
TSMG Dec 30, 2025
Paid on
ORCX No data
TSMG Jan 2, 2026
Frequency
ORCX No data
TSMG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

ORCXAll ORCX 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

ORCX vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ORCX 131.1%since Mar 2025TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
ORCX 0.01since Mar 2025TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
ORCX −92.8%since Feb 2025TSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
ORCX 6.17TSMG 3.98

Popular comparisons

  • ORCXCvsUNHGA

    Daily Target 2X Long ORCL ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    1.31% · 0.77%
    Category
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  • TSMGAvsUNHGA

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

    Expense ratio
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    Category
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  • ORCXCvsCOTGA

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    Category
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  • TSMGAvsCOTGA

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    Expense ratio
    0.76% · 0.77%
    Category
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  • TSMGAvsOKTGA

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    Expense ratio
    0.76% · 0.75%
    Category
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