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PDDL vs TSMG

GraniteShares 2x Long PDD Daily ETF

PDDLDNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

TSMG −0.77pt a year

PDDL1.53%TSMG0.76%

Avg volume · 30D

TSMG 2.4×the volume

PDDL28.8KTSMG69K

PDDL vs TSMG Performance

Oct 31, 2025 – Oct 30, 2026

−74.0%PDDL+40.8%TSMG

Oct 31, 2025 to Oct 30, 2026. PDDL −74.0%. TSMG +40.8%. Use the arrow keys to read each point.−50%0%100%Oct 2025Apr 2026Oct 2026
Expense ratio
PDDL 1.53%
TSMG 0.76%, better
Fund size
PDDL $6M
TSMG $28M
1Y total return
PDDL −74.0%
TSMG +40.8%, better
Holdings
PDDL 2
TSMG 5
Avg volume (30D)
PDDL 28.8K sh
TSMG 69K sh, better
NAV per share
PDDL $10.88
TSMG $33.77
52W range

ETF.net Grade

PDDL: Cost 3, Risk 46, Mission 98, Tradability 64, Holdings not scored, Durability 63. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for PDDL, TSMG, with each pillar’s weight
PillarPDDLTSMG
Cost30% weightF3A70Higher
Mission25% weightA98HigherA79
Risk15% weightC46A84Higher
Tradability15% weightB64A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB63B67Higher

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. PDDL 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 PDDL 272nd 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 272DAVXXDefiance Daily Target 2X Long AVAV ETFScore 31
  4. Rank 272DPDDLGraniteShares 2x Long PDD Daily ETFScore 31
  5. Rank 272DPLUDaily Target 2X Long PL ETFScore 31

Our read on each fund

ETF.net Research

PDDLDGraniteShares 2x Long PDD Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

PDDL One of the few US ETFs wired to twice the daily move of Temu parent PDD Holdings. A one-session trading tool, priced at 1.50% net of a waiver through December 31, 2026 (1.51% gross).

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

PDDL The Fund seeks daily investment results, before fees and expenses, equal to twice the daily percentage change in PDD Holdings Inc.'s common stock.

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

  • PDDL Simple job, clearly stated: it aims for twice PDD's daily percentage change, before fees, from a normal brokerage ticket. No margin account, no options chain.graniteshares.com
  • Day to day it has tracked its stated 2x objective closely, which is the part of the job a daily-reset fund lives on.
  • GraniteShares has been running leveraged single-stock ETFs since 2022, including 2x funds on Nvidia and Tesla, so the plumbing here is a worn path.nasdaq.comglobenewswire.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

  • PDDL The 2x target resets daily. Hold past a session and compounding can push results well away from 2x the stock's move over that stretch, especially in choppy tape.graniteshares.com
  • At 1.50% net of a waiver through December 31, 2026 (1.51% gross) it runs above the category median, and KPDD charges 1.26% for the same 2x PDD exposure.
  • A small fund that trades lightly next to the category's giants, so spreads and order type matter more here than with the household-name leveraged tickers.
  • 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 PDDL profile⁠

Full TSMG profile⁠

PDDL 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.

PDDL vs TSMG Cost

Overpaying PDDL vs TSMG

$12,050

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

  • PDDL 1.53%

    $26,706

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • PDDL 1.53%
  • TSMG 0.76%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530PDDL $26,706TSMG $14,656

Year by year

YearPDDLTSMGOverpaying
10$2,639$1,353$1,286
20$9,685$5,142$4,543
30$26,706$14,656$12,050

Expense ratio

  • 1.53%PDDL
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 315 funds

PDDL 301st cheapest of 315 funds

PDDL vs TSMG Dividends

Last 12 months to Oct 30, 2026
Last payment
PDDL $0.09
TSMG $2.73
Ex-dividend
PDDL Dec 29, 2025
TSMG Dec 30, 2025
Paid on
PDDL Dec 31, 2025
TSMG Jan 2, 2026
Frequency
PDDL Irregular
TSMG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

PDDLIrregular · 1 paymentAll PDDL payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 29, 2025 $0.09. 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

PDDL vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PDDL 59.8%since Aug 2025TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
PDDL −1.12since Aug 2025TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
PDDL −76.7%since Jul 2025TSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
PDDL 0.08TSMG 3.81

Popular comparisons

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    GraniteShares 2x Long PDD Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    1.53% · 0.77%
    Category
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  • TSMGAvsUNHGA

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    Category
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  • PDDLDvsPANGA

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  • TSMGAvsPANGA

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    Expense ratio
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    Category
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