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QCMU vs TSMG

Direxion Daily QCOM Bull 2X ETF

QCMUCNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

0.0%by weight

Expense ratio

TSMG −0.31pt a year

QCMU1.07%TSMG0.76%

Avg volume · 30D

QCMU 2.0×the volume

QCMU137KTSMG69K

QCMU vs TSMG Performance

Oct 31, 2025 – Nov 2, 2026

−44.8%QCMU+36.4%TSMG

Oct 31, 2025 to Nov 2, 2026. QCMU −44.8%. TSMG +36.4%. Use the arrow keys to read each point.−25%0%75%100%Oct 2025May 2026Nov 2026
Expense ratio
QCMU 1.07%
TSMG 0.76%, better
Fund size
QCMU $19M
TSMG $28M
1Y total return
QCMU −44.8%
TSMG +36.4%, better
Yield (12M)
QCMU 3.52%
TSMG No data
Holdings
QCMU 7
TSMG 5
Avg volume (30D)
QCMU 137K sh, better
TSMG 69K sh
NAV per share
QCMU $17.51
TSMG $33.77
52W range

ETF.net Grade

QCMU: Cost 40, Risk 63, Mission 67, Tradability 60, Holdings not scored, Durability 73. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for QCMU, TSMG, with each pillar’s weight
PillarQCMUTSMG
Cost30% weightC40A70Higher
Mission25% weightB67A79Higher
Risk15% weightB63A84Higher
Tradability15% weightB60A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA73HigherB67

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. QCMU 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 QCMU 78th 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 78CLRCUTradr 2X Long LRCX Daily ETFScore 52
  4. Rank 78CQCMUDirexion Daily QCOM Bull 2X ETFScore 52
  5. Rank 83CBABUDirexion Daily BABA Bull 2X ETFScore 51

Our read on each fund

ETF.net Research

QCMUCDirexion Daily QCOM Bull 2X ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

QCMU Qualcomm's daily move, doubled. Direxion packages 200% daily exposure to QCOM through swaps, with a matching bear fund for the other side of the trade. The leverage resets every day, which makes it a short-horizon tool by design.

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

QCMU The fund seeks daily investment results equal to 200% of the performance of QUALCOMM Incorporated common shares before fees and expenses.

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

  • QCMU Delivers the leveraged Qualcomm trade in a plain brokerage account: the fund aims for 200% of QCOM's daily move using swaps, no margin account or options chain required.direxion.com
  • Direxion runs a matched pair on the name, QCMU for 2X bull and QCMD for 1X bear, so switching sides of the Qualcomm story means switching tickers, not platforms.direxion.com
  • A fee waiver trims the 2.44% gross expense ratio to 1.07% net through September 1, 2027, a meaningful gap worth knowing about.
  • Scores in the upper tier of a crowded single-stock leveraged field on how tightly it hits its daily target and how it trades.
  • 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

  • QCMU Daily reset is the whole story: hold more than a day and compounding can push returns away from 2X QCOM's move over that stretch, in either direction. Losses are magnified too.direxion.com
  • Cost runs above the category median even after the waiver. Peers like OKTG (0.75%) and TSMG (0.76%) charge less with no waiver attached.
  • One company, one bet. Launched in 2025, so the track record is short, and it is a smaller, moderately traded fund where limit orders earn their keep.
  • 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 QCMU profile⁠

Full TSMG profile⁠

QCMU vs TSMG Holdings

How QCMU and TSMG differ

Overlap by weight

0.0%

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

Level by level

  • Holdings0 in both0.0%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

No Sector split for TSMG.

Country, concentration and asset class

Country by domicile

Country weights in QCMU and TSMG, widest gap first
CountryMore in QCMUMore in TSMG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • QCMU100.0%
  • TSMG214.6%

Securities held

  • QCMU2
  • TSMG1

Asset class

QCMU
Equity
TSMG
Equity

Holdings

  • Only in QCMU2
  • In both0
  • Only in TSMG1

Only in QCMU

2 securities, 24.0% of QCMU by weight

  • Goldman Finl Sq Trsry Inst 50615.16%
  • Qualcomm Inc8.80%

Only in TSMG

1 security, 14.6% of TSMG by weight

  • First American Treasury Obligations Fund 01/01/204014.59%

Weight gaps

QCMU and TSMG share no securities.

All 6 QCMU 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.

QCMU vs TSMG Cost

Overpaying QCMU vs TSMG

$5,159

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

  • QCMU 1.07%

    $19,815

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • QCMU 1.07%
  • 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$20K051015202530QCMU $19,815TSMG $14,656

Year by year

YearQCMUTSMGOverpaying
10$1,881$1,353$528
20$7,046$5,142$1,904
30$19,815$14,656$5,159

Expense ratio

  • 1.07%QCMU
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 315 funds

QCMU 213th cheapest of 315 funds

QCMU vs TSMG Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
QCMU 3.52%
TSMG No data
Payout (12M)
QCMU $0.59
TSMG No data
Last payment
QCMU $0.14
TSMG $2.73
Ex-dividend
QCMU Sep 22, 2026
TSMG Dec 30, 2025
Paid on
QCMU Sep 29, 2026
TSMG Jan 2, 2026
Frequency
QCMU Quarterly
TSMG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

QCMUQuarterly · 5 paymentsAll QCMU payments⁠
One bar per payment. 5 payments from 2025 to 2026 YTD. Sep 23, 2025 $0.22; Dec 23, 2025 $0.21; Mar 24, 2026 $0.13; Jun 23, 2026 $0.12; Sep 22, 2026 $0.14. 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

QCMU vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
QCMU 131.0%since Jul 2025TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
QCMU 0.30since Jul 2025TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
QCMU −68.7%since Jun 2025TSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
QCMU 8.91TSMG 3.81

QCMU and TSMG in the news

All news⁠

Popular comparisons

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

    Expense ratio
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    Category
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  • TSMGAvsUNHGA

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