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PYPG vs TSMG

Leverage Shares 2x Long PYPL Daily ETF

PYPGBNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

9.6%by weight

Expense ratio

TSMG −0.01pt a year

PYPG0.77%TSMG0.76%

Avg volume · 30D

PYPG 7.0×the volume

PYPG483KTSMG69K

PYPG vs TSMG Performance

Oct 31, 2025 – Oct 30, 2026

−50.6%PYPG+40.8%TSMG

Oct 31, 2025 to Oct 30, 2026. PYPG −50.6%. TSMG +40.8%. Use the arrow keys to read each point.0%100%Oct 2025Apr 2026Oct 2026
Expense ratio
PYPG 0.77%
TSMG 0.76%, better
Fund size
PYPG $15M
TSMG $28M
1Y total return
PYPG −50.6%
TSMG +40.8%, better
Holdings
PYPG 4
TSMG 5
Avg volume (30D)
PYPG 483K sh, better
TSMG 69K sh
NAV per share
PYPG $7.99
TSMG $33.77
52W range

ETF.net Grade

PYPG: Cost 60, Risk 59, Mission 96, Tradability 82, Holdings not scored, Durability 61. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for PYPG, TSMG, with each pillar’s weight
PillarPYPGTSMG
Cost30% weightB60A70Higher
Mission25% weightA96HigherA79
Risk15% weightB59A84Higher
Tradability15% weightA82HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightB61B67Higher

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. PYPG 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 PYPG 23rd 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 23BADBGLeverage Shares 2x Long ADBE Daily ETFScore 64
  4. Rank 23BPYPGLeverage Shares 2x Long PYPL Daily ETFScore 64
  5. Rank 25BLULGLeverage Shares 2x Long LULU Daily ETFScore 63

Our read on each fund

ETF.net Research

PYPGBLeverage Shares 2x Long PYPL Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

PYPG Most of the single-stock leverage aisle is chips and AI. PYPG points the same machinery at PayPal, aiming for 200% of the stock's daily move, resetting every day, at 0.77% with no fee waiver in play.

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

PYPG Seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of PayPal Holdings 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

  • PYPG The mechanism is plain: 200% of PayPal's daily move, rebuilt each day inside a 1940 Act ETF you buy in an ordinary brokerage account. No margin account, no options chain to roll.leverageshares.com
  • At 0.77% it sits below the typical fee in a category of 365 measured peers, and level with siblings such as UNHG at 0.77%, just above TSMG at 0.76% and OKTG at 0.75%.
  • Day to day it has tracked its stated 2x target closely, one of the stronger implementations among leveraged single-stock bull funds, and it trades with reasonable regularity for a niche ticker.
  • 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

  • PYPG The 2x target applies to one day only. Across a choppy stretch, compounding can leave your return well short of twice PayPal's move over that same stretch, even if the stock finishes higher.leverageshares.com
  • One company, double speed. An earnings miss or a shift in the payments business hits PYPG twice as hard, with no other holdings to soften it.
  • It launched in 2025 and remains a small fund. Themes has already wound down sibling leveraged ETFs that failed to gather assets, so closure is a real possibility across this shelf.themesetfs.com
  • 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 PYPG profile⁠

Full TSMG profile⁠

PYPG vs TSMG Holdings

How PYPG and TSMG differ

Overlap by weight

9.6%

Shared holdings make up 12.4% of TSMG and 9.6% of PYPG.

Level by level

  • Holdings1 in both9.6%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

No Sector split for PYPG and TSMG.

Country, concentration and asset class

Country by domicile

Country weights in PYPG and TSMG, widest gap first
CountryMore in PYPGMore in TSMG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • PYPG209.5%
  • TSMG212.4%

Securities held

  • PYPG1
  • TSMG1

Asset class

PYPG
Equity
TSMG
Equity

Holdings

  • Only in PYPG0
  • In both1
  • Only in TSMG0

Only in PYPG

0 securities, 0.0% of PYPG by weight

Only in TSMG

0 securities, 0.0% of TSMG by weight

Weight gaps

All 1 Holdings in both funds, largest gap first.

Holding weights in PYPG and TSMG, widest gap first
HoldingMore in PYPGMore in TSMG
First American Treasury Obligations Fund 01/01/2040TSMG +2.85 points

All 4 PYPG 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.

PYPG vs TSMG Cost

Overpaying PYPG vs TSMG

$173

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

  • PYPG 0.77%

    $14,829

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • PYPG 0.77%
  • 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$15K051015202530PYPG $14,829TSMG $14,656

Year by year

YearPYPGTSMGOverpaying
10$1,371$1,353$18
20$5,205$5,142$63
30$14,829$14,656$173

Expense ratio

  • 0.77%PYPG
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 315 funds

PYPG 135th cheapest of 315 funds

PYPG vs TSMG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

PYPGAll PYPG 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

PYPG vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PYPG 78.9%since May 2025TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
PYPG −0.33since May 2025TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
PYPG −79.5%since Apr 2025TSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
PYPG 1.24TSMG 3.81

Popular comparisons

  • PYPGBvsUNHGA

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

    Expense ratio
    0.77% · 0.77%
    Category
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  • TSMGAvsUNHGA

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  • PYPGBvsOKTGA

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  • TSMGAvsOKTGA

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  • PYPGBvsPANGA

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  • TSMGAvsPANGA

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

    Expense ratio
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    Category
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