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PALU vs TSMG

Direxion Daily PANW Bull 2X ETF

PALUBNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

TSMG −0.32pt a year

PALU1.08%TSMG0.76%

Avg volume · 30D

PALU 1.7×the volume

PALU117KTSMG69K

PALU vs TSMG Performance

Oct 31, 2025 – Oct 30, 2026

+95.1%PALU+40.8%TSMG

Oct 31, 2025 to Oct 30, 2026. PALU +95.1%. TSMG +40.8%. Use the arrow keys to read each point.−50%0%150%Oct 2025Apr 2026Oct 2026
Expense ratio
PALU 1.08%
TSMG 0.76%, better
Fund size
PALU $29M
TSMG $28M
1Y total return
PALU +95.1%, better
TSMG +40.8%
Yield (12M)
PALU 3.71%
TSMG No data
Holdings
PALU 11
TSMG 5
Avg volume (30D)
PALU 117K sh, better
TSMG 69K sh
NAV per share
PALU $55.40
TSMG $33.77
52W range

ETF.net Grade

PALU: Cost 40, Risk 74, Mission 96, Tradability 64, Holdings not scored, Durability 77. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for PALU, TSMG, with each pillar’s weight
PillarPALUTSMG
Cost30% weightC40A70Higher
Mission25% weightA96HigherA79
Risk15% weightA74A84Higher
Tradability15% weightB64A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA77HigherB67

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. PALU 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 PALU 62nd 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 62BORCUDirexion Daily ORCL Bull 2X ETFScore 56
  4. Rank 62BPALUDirexion Daily PANW Bull 2X ETFScore 56
  5. Rank 62BUSGGLeverage Shares 2X Long USAR Daily ETFScore 56

Our read on each fund

ETF.net Research

PALUBDirexion Daily PANW Bull 2X ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

PALU Two-times daily exposure to Palo Alto Networks, the cybersecurity bellwether, from one of the original leveraged-ETF shops. Direxion listed it in 2025 next to a matching bear fund, so both sides of the PANW trade sit under one roof.

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

PALU The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Palo Alto Networks 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

  • PALU Aims for 200% of Palo Alto Networks' daily move, before fees and expenses, using swaps and options, so the leverage arrives without a margin account.direxion.com
  • Hews closely to that stated daily target, which places it among the stronger implementations in a crowded leveraged single-stock field.
  • Direxion launched a PANW bear fund on the same day in March 2025, so a trader can take either direction within one fund family and one set of documents.direxion.comdirexion.com 2
  • 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

  • PALU The leverage resets every day. Hold longer and results depend on the path PANW takes; choppy stretches can leave returns short of 2x the stock's move over the period.direxion.com
  • Costs 1.08% net of a waiver through September 1, 2027 (1.48% gross), above the category median. PANG targets the same stock at 0.76% with no waiver attached.
  • One company carries the whole fund. A single PANW earnings night lands with roughly double force, and there are no other holdings to soften 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 PALU profile⁠

Full TSMG profile⁠

PALU 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.

PALU vs TSMG Cost

Overpaying PALU vs TSMG

$5,318

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

  • PALU 1.08%

    $19,974

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • PALU 1.08%
  • 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$20K051015202530PALU $19,974TSMG $14,656

Year by year

YearPALUTSMGOverpaying
10$1,898$1,353$545
20$7,106$5,142$1,964
30$19,974$14,656$5,318

Expense ratio

  • 1.08%PALU
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 315 funds

PALU 218th cheapest of 315 funds

PALU vs TSMG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
PALU 3.71%
TSMG No data
Payout (12M)
PALU $1.90
TSMG No data
Last payment
PALU $0.11
TSMG $2.73
Ex-dividend
PALU Sep 22, 2026
TSMG Dec 30, 2025
Paid on
PALU Sep 29, 2026
TSMG Jan 2, 2026
Frequency
PALU Quarterly
TSMG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

PALUQuarterly · 7 paymentsAll PALU payments⁠
One bar per payment. 7 payments from 2025 to 2026 YTD. Jun 24, 2025 $0.12; Sep 23, 2025 $0.15; Dec 10, 2025 $1.49; Dec 23, 2025 $0.12; Mar 24, 2026 $0.06; Jun 23, 2026 $0.12; Sep 22, 2026 $0.11. Use the arrow keys to read each point.$0$2.502026YTD
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

PALU vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PALU 128.4%since Apr 2025TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
PALU 0.92since Apr 2025TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
PALU −62.1%since Mar 2025TSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
PALU 3.31TSMG 3.81

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