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PYPU vs TSMG

Direxion Daily PYPL Bull 2X ETF

PYPUCNYSE Arca

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

TSMG −0.21pt a year

PYPU0.97%TSMG0.76%

Avg volume · 30D

TSMG 10.1×the volume

PYPU6.73KTSMG68.1K

PYPU vs TSMG Performance

Aug 7, 2026 – Nov 9, 2026

−3.6%PYPU−20.0%TSMG

Aug 7, 2026 to Nov 9, 2026. PYPU −3.6%. TSMG −20.0%. Use the arrow keys to read each point.−30%10%20%30%Aug 2026Sep 2026Nov 2026
Expense ratio
PYPU 0.97%
TSMG 0.76%, better
Fund size
PYPU $2M
TSMG $24M
1Y total return
PYPU No data
TSMG +40.3%
Holdings
PYPU 8
TSMG 6
Avg volume (30D)
PYPU 6.73K sh
TSMG 68.1K sh, better
NAV per share
PYPU $37.25
TSMG $28.23
52W range

ETF.net Grade

PYPU: Cost 56, Risk 92, Mission 91, Tradability 40, Holdings not scored, Durability 51. TSMG: Cost 70, Risk 82, Mission 75, Tradability 76, Holdings not scored, Durability 66.
Pillar letters and Scores for PYPU, TSMG, with each pillar’s weight
PillarPYPUTSMG
Cost30% weightB56A70Higher
Mission25% weightA91HigherA75
Risk15% weightA92HigherA82
Tradability15% weightC40A76Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC51B66Higher

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. PYPU 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 PYPU 124th 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 124CPLULLeverage Shares 2X Long PLUG Daily ETFScore 40
  5. Rank 124CPYPUDirexion Daily PYPL Bull 2X ETFScore 40
  6. Rank 124CQUACorgi QBTS 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

PYPUCDirexion Daily PYPL Bull 2X ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

PYPU Most leveraged single-stock ETFs chase chips and crypto. PYPU aims 2x daily leverage at PayPal instead, for 0.97% net of a waiver through September 1, 2027. A one-stock trade that resets every day, not a buy-and-hold holding.

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

PYPU The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of PayPal Holdings, Inc. 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

  • PYPU Aims for 200% of PayPal stock's daily move, so a bullish view on one payments name can be expressed in a plain brokerage account, no margin or options approval needed.direxion.com
  • Day to day it has tracked its stated 200% target closely, one of the tighter implementations in a crowded field of geared single-stock funds.
  • Costs 0.97% net of a waiver through September 1, 2027 (0.99% gross), near the typical fee for leveraged single-stock ETFs.
  • Launched March 2026 inside Direxion's single-stock lineup, alongside 2x bull funds on Adobe, Texas Instruments and UnitedHealth.direxion.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

  • PYPU The 2x target resets daily. Hold longer and compounding takes over, so multi-day results can land well above or below twice PayPal's move over the same stretch.direxion.com
  • Small and thinly traded since its 2026 launch, which can widen spreads. Checking the quote matters more here than in a mega-fund.
  • Cheaper alternatives exist in the category: peers OKTG (0.75%) and TSMG (0.76%) charge less, with no waiver holding those numbers down.
  • 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 PYPU profile⁠

Full TSMG profile⁠

PYPU 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.

PYPU vs TSMG Cost

Overpaying PYPU vs TSMG

$3,542

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

  • PYPU 0.97%

    $18,198

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • PYPU 0.97%
  • 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$20K051015202530PYPU $18,198TSMG $14,656

Year by year

YearPYPUTSMGOverpaying
10$1,712$1,353$359
20$6,443$5,142$1,301
30$18,198$14,656$3,542

Expense ratio

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

TSMG 131st cheapest of 312 funds

PYPU 156th cheapest of 312 funds

PYPU vs TSMG Dividends

Last 12 months to Nov 9, 2026
Last payment
PYPU $0.31
TSMG $2.73
Ex-dividend
PYPU Sep 22, 2026
TSMG Dec 30, 2025
Paid on
PYPU Sep 29, 2026
TSMG Jan 2, 2026
Frequency
PYPU Quarterly
TSMG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

PYPUQuarterly · 2 paymentsAll PYPU payments⁠
One bar per payment. 2 payments from 2025 to 2026 YTD. Jun 23, 2026 $0.17; Sep 22, 2026 $0.31. 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

PYPU vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PYPU No dataTSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
PYPU No dataTSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
PYPU No dataTSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
PYPU −1.26TSMG 3.98

Popular comparisons

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    Direxion Daily PYPL Bull 2X ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
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  • TSMGAvsOKTGA

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