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OSCX vs TSMG

Defiance Daily Target 2X Long OSCR ETF

OSCXDNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

0.0%by weight

Expense ratio

TSMG −0.56pt a year

OSCX1.32%TSMG0.76%

Avg volume · 30D

TSMG 9.8×the volume

OSCX7.03KTSMG69K

OSCX vs TSMG Performance

Oct 31, 2025 – Oct 30, 2026

+35.2%OSCX+40.8%TSMG

Oct 31, 2025 to Oct 30, 2026. OSCX +35.2%. TSMG +40.8%. Use the arrow keys to read each point.−50%0%100%Oct 2025May 2026Oct 2026
Expense ratio
OSCX 1.32%
TSMG 0.76%, better
Fund size
OSCX $7M
TSMG $28M
1Y total return
OSCX +35.2%
TSMG +40.8%, better
Holdings
OSCX 8
TSMG 5
Avg volume (30D)
OSCX 7.03K sh
TSMG 69K sh, better
NAV per share
OSCX $31.54
TSMG $33.77
52W range

ETF.net Grade

OSCX: Cost 25, Risk 65, Mission 91, Tradability 23, Holdings not scored, Durability 62. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for OSCX, TSMG, with each pillar’s weight
PillarOSCXTSMG
Cost30% weightD25A70Higher
Mission25% weightA91HigherA79
Risk15% weightB65A84Higher
Tradability15% weightF23A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB62B67Higher

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. OSCX 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 OSCX 258th 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 258DIREDefiance Daily Target 2X Long IREN ETFScore 36
  4. Rank 258DOSCXDefiance Daily Target 2X Long OSCR ETFScore 36
  5. Rank 261DARCXTradr 2X Long ACHR Daily ETFScore 35

Our read on each fund

ETF.net Research

OSCXDDefiance Daily Target 2X Long OSCR ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

OSCX The first 2X wrapper on Oscar Health: 200% of OSCR's daily move, reset every session, inside a plain brokerage account. The trade-offs are a 1.32% fee and one health insurtech stock carrying the entire position.

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

OSCX The Fund seeks daily investment results equal to 200% of the daily performance of Oscar Health, Inc.

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

  • OSCX Defiance launched it in September 2025 as the first 2X long ETF on Oscar Health, putting an amplified bet on OSCR in a normal brokerage account with no margin or options approval.yahoo.com
  • The mandate is one testable line: 200% of Oscar Health's daily performance. It has stayed close to that daily target.
  • Leverage is rebuilt each day rather than left to drift, so stated exposure starts every session back at 2x the reference stock.
  • 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

  • OSCX At 1.32% with no waiver, it costs more than the typical fund in its category and more than top-ranked 2x peers such as TSMG (0.76%) and OKTG (0.75%).
  • Hold past one day and compounding takes over: in choppy stretches, multi-day results can diverge meaningfully from 2x OSCR's move over the same period.yahoo.com
  • Small and thinly traded next to the big single-stock leveraged names, and young since its 2025 launch, so there is little track record and spreads can run wide.
  • 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 OSCX profile⁠

Full TSMG profile⁠

OSCX vs TSMG Holdings

How OSCX and TSMG differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of OSCX and 0.0% of TSMG.

Level by level

  • Asset classLeveraged/Inverse, Equity0.0%
  • Holdings0 in both0.0%
  • Countryby domicile100%

Sector

No Sector split for OSCX and TSMG.

Country, concentration and asset class

Country by domicile

Country weights in OSCX and TSMG, widest gap first
CountryMore in OSCXMore in TSMG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • OSCX225.0%
  • TSMG212.4%

Securities held

  • OSCX2
  • TSMG1

Asset class

OSCX
Leveraged/Inverse
TSMG
Equity

Holdings

  • Only in OSCX2
  • In both0
  • Only in TSMG1

Only in OSCX

2 securities, 24.8% of OSCX by weight

  • United States Treasury Bill 11/19/202620.67%
  • First American Government Obligations Fund 12/01/20314.16%

Only in TSMG

1 security, 12.4% of TSMG by weight

  • First American Treasury Obligations Fund 01/01/204012.41%

Weight gaps

OSCX and TSMG share no securities.

All 9 OSCX holdings⁠All 5 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.

OSCX vs TSMG Cost

Overpaying OSCX vs TSMG

$9,012

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

  • OSCX 1.32%

    $23,668

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • OSCX 1.32%
  • 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$25K051015202530OSCX $23,668TSMG $14,656

Year by year

YearOSCXTSMGOverpaying
10$2,296$1,353$943
20$8,507$5,142$3,365
30$23,668$14,656$9,012

Expense ratio

  • 1.32%OSCX
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 315 funds

OSCX 243rd cheapest of 315 funds

OSCX vs TSMG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

OSCXAll OSCX 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

OSCX vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
OSCX 166.5%since Oct 2025TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
OSCX 0.57since Oct 2025TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
OSCX −84.5%since Sep 2025TSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
OSCX 2.67TSMG 3.81

Popular comparisons

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    Defiance Daily Target 2X Long OSCR ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
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