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RDWU vs TSMG

T-REX 2X Long RDW Daily Target ETF

RDWUDCboe

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

0.0%by weight

Expense ratio

TSMG −0.74pt a year

RDWU1.50%TSMG0.76%

Avg volume · 30D

RDWU 23.9×the volume

RDWU1.63MTSMG68.1K

RDWU vs TSMG Performance

Aug 7, 2026 – Nov 9, 2026

−72.6%RDWU−20.0%TSMG

Aug 7, 2026 to Nov 9, 2026. RDWU −72.6%. TSMG −20.0%. Use the arrow keys to read each point.−50%0%25%Aug 2026Sep 2026Nov 2026
Expense ratio
RDWU 1.50%
TSMG 0.76%, better
Fund size
RDWU $14M
TSMG $24M
1Y total return
RDWU No data
TSMG +40.3%
Holdings
RDWU 4
TSMG 6
Avg volume (30D)
RDWU 1.63M sh, better
TSMG 68.1K sh
NAV per share
RDWU $2.31
TSMG $28.23
52W range

ETF.net Grade

RDWU: Cost 12, Risk 29, Mission 96, Tradability 50, Holdings not scored, Durability 56. TSMG: Cost 70, Risk 82, Mission 75, Tradability 76, Holdings not scored, Durability 66.
Pillar letters and Scores for RDWU, TSMG, with each pillar’s weight
PillarRDWUTSMG
Cost30% weightF12A70Higher
Mission25% weightA96HigherA75
Risk15% weightD29A82Higher
Tradability15% weightC50A76Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB56B66Higher

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. RDWU 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 RDWU 291st 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 291DRCAXDaily Target 2X Long RCAT ETFScore 27
  5. Rank 291DRDWUT-REX 2X Long RDW Daily Target ETFScore 27
  6. Rank 291DRGTXDaily Target 2X Long RGTI ETFScore 27

Our read on each fund

ETF.net Research

RDWUDT-REX 2X Long RDW Daily Target ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

RDWU Leveraged single-stock funds mostly chase mega-cap tech. This one points 2x daily leverage at Redwire (RDW), an industrials name, and resets the exposure every single trading day.

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

RDWU The fund seeks to provide 200% of RDW's daily performance, offering short-term leveraged exposure to the company.

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

  • RDWU One job, stated plainly: it aims to deliver 200% of RDW's daily performance. No options overlay, no income sleeve, no hedge to decode.
  • Rare target. The leveraged single-stock shelf leans on mega-caps like GGLL, AAPU and AMDG; RDWU reaches into industrials instead.
  • Built as a registered 1940 Act fund, not a bank-issued note, so the exposure sits inside a standard ETF wrapper.rexshares.com
  • Trades actively for a fund with a small asset base, which matters when the whole point is getting in and out inside a session.
  • 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

  • RDWU The 1.50% expense ratio runs above the roughly 1% typical of its peer group, and well above 0.75% rivals like UNHG and ASMG.
  • Daily reset means the 2x math applies to one day at a time. Hold longer and compounding takes over, especially through choppy stretches.
  • Young and small: launched in 2026, so there is little history, and doubling a single smaller company's swings is about as concentrated as it gets.
  • 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 RDWU profile⁠

Full TSMG profile⁠

RDWU vs TSMG Holdings

How RDWU and TSMG differ

Overlap by weight

0.0%

About this figure: RDWU gets much of its exposure from swaps and futures, which aren’t counted.

TSMG gets much of its exposure from swaps and futures, which aren’t counted.

Level by level

  • Holdings0 in both0.0%
  • Asset classStocks100%
  • Countryby domicile100%

Sector

No Sector split for RDWU and TSMG.

Country, concentration and asset class

Country by domicile

Country weights in RDWU and TSMG, widest gap first
CountryMore in RDWUMore in TSMGGap
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • RDWU205.1%
  • TSMG211.0%

Securities held

  • RDWU1
  • TSMG2

Asset class

RDWU
Stocks
TSMG
Stocks

Holdings

  • Only in RDWU1
  • In both0
  • Only in TSMG2

Only in RDWU

1 security, 5.2% of RDWU by weight

  • First American Government Obli First Am Gov Oblig X5.23%

Only in TSMG

2 securities, 21.0% of TSMG by weight

  • First American Treasury Obligations Fund 01/01/204010.98%
  • 874039100 Swp10.06%

Weight gaps

RDWU and TSMG share no securities.

All 5 RDWU holdings⁠All 6 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.

RDWU vs TSMG Cost

Overpaying RDWU vs TSMG

$11,627

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

  • RDWU 1.50%

    $26,283

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • RDWU 1.50%
  • 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$30K051015202530RDWU $26,283TSMG $14,656

Year by year

YearRDWUTSMGOverpaying
10$2,590$1,353$1,237
20$9,519$5,142$4,377
30$26,283$14,656$11,627

Expense ratio

  • 1.50%RDWU
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 312 funds

RDWU 271st cheapest of 312 funds

RDWU vs TSMG Dividends

Last 12 months to Nov 9, 2026
Payout (12M)
RDWU None
TSMG No data
Last payment
RDWU No data
TSMG $2.73
Ex-dividend
RDWU No data
TSMG Dec 30, 2025
Paid on
RDWU No data
TSMG Jan 2, 2026
Frequency
RDWU No data
TSMG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

RDWUAll RDWU 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

RDWU vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
RDWU No dataTSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
RDWU No dataTSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
RDWU No dataTSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
RDWU 2.14TSMG 3.98

Popular comparisons

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