RGTX vs TSMG

RGTXDDaily Target 2X Long RGTI ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

RGTX Quantum computing at double speed: RGTX aims for twice Rigetti Computing's daily move, no margin account required. The engine is swaps plus a daily reset, so it is built for short holding periods, and the 1.56% fee sits above the typical single-stock leveraged fund.

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

RGTX The Fund seeks daily investment results, before fees and expenses, equal to two times the daily percentage change in the share price of Rigetti Computing, Inc.

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

• RGTX One ticker, two times the daily move in Rigetti Computing, a quantum computing pure play. No margin account, no options chain, no financing to roll yourself.nasdaq.com
• Day to day it has stayed close to its stated 2x target, which is the whole job of a daily leveraged fund.
• Volume is active for a fund launched in 2025, which matters when the holding period is measured in hours, not quarters.

• 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

• RGTX At 1.56% the fee runs above the typical single-stock leveraged fund, and above 2x peers like TSMG (0.76%) and OKTG (0.75%). No waiver is in place to trim it.
• The 2x target resets daily. Hold through a choppy stretch and compounding can land you far from twice Rigetti's move over that stretch, in either direction.defianceetfs.com
• Exposure comes from total return swaps on one stock, so you take on counterparty risk and the full swing of a single quantum computing name, with nothing else to cushion it.sec.gov

• 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 RGTX profile⁠

Full TSMG profile⁠