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RKLX vs TSMG

Daily Target 2X Long RKLB ETF

RKLXDNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

0.0%by weight

Expense ratio

TSMG −0.87pt a year

RKLX1.63%TSMG0.76%

Avg volume · 30D

RKLX 42.4×the volume

RKLX2.93MTSMG69K

RKLX vs TSMG Performance

Oct 31, 2025 – Nov 2, 2026

−77.7%RKLX+36.4%TSMG

Oct 31, 2025 to Nov 2, 2026. RKLX −77.7%. TSMG +36.4%. Use the arrow keys to read each point.0%100%150%Oct 2025May 2026Nov 2026
Expense ratio
RKLX 1.63%
TSMG 0.76%, better
Fund size
RKLX $122M
TSMG $28M
1Y total return
RKLX −77.7%
TSMG +36.4%, better
Holdings
RKLX 10
TSMG 5
Avg volume (30D)
RKLX 2.93M sh, better
TSMG 69K sh
NAV per share
RKLX $9.83
TSMG $33.77
52W range

ETF.net Grade

RKLX: Cost 2, Risk 38, Mission 93, Tradability 84, Holdings not scored, Durability 79. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for RKLX, TSMG, with each pillar’s weight
PillarRKLXTSMG
Cost30% weightF2A70Higher
Mission25% weightA93HigherA79
Risk15% weightD38A84Higher
Tradability15% weightA84HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightA79HigherB67

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. RKLX 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 RKLX 261st 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 261DPATXTradr 2X Long PATH Daily ETFScore 35
  4. Rank 261DRKLXDaily Target 2X Long RKLB ETFScore 35
  5. Rank 261DTDCLGraniteShares 2x Long TDC Daily ETFScore 35

Our read on each fund

ETF.net Research

RKLXDDaily Target 2X Long RKLB ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

RKLX One ticker that turns Rocket Lab into a two-times day trade: RKLX targets 2x RKLB's daily move, resets every night, and charges 1.63%. Pure single-name space-launch leverage, built for days, not quarters.

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

RKLX The Fund seeks daily results equal to two times the daily percentage change in Rocket Lab Corporation's share price, 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

  • RKLX Mechanically simple: derivatives sized to deliver twice RKLB's daily percentage change before fees and expenses, rebalanced each day. The fund has tracked that daily target closely.defianceetfs.com
  • Amplified Rocket Lab exposure without a margin account, just one ticker in a brokerage account. Defiance also runs a 2x short RKLB fund (RKLZ), so either direction is on the menu.nasdaq.cometfgi.com
  • Among the more actively traded single-stock leveraged funds, so getting in and out mid-session is usually the easy part.
  • 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

  • RKLX The 1.63% fee sits above the category median and well above top-scoring 2x single-stock peers such as OKTG (0.75%) and TSMG (0.76%).
  • Daily reset brings path dependency: over a choppy stretch, results can diverge meaningfully from twice RKLB's move across that same stretch.defianceetfs.com
  • One stock, doubled. Launch cadence, contracts and earnings at Rocket Lab drive the entire position, with no diversification to soften a rough day.
  • 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 RKLX profile⁠

Full TSMG profile⁠

RKLX vs TSMG Holdings

How RKLX and TSMG differ

Overlap by weight

0.0%

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

Level by level

  • Asset classLeveraged/Inverse, Equity0.0%
  • Holdings0 in both0.0%
  • Countryby domicile100%

Sector

No Sector split for TSMG.

Country, concentration and asset class

Country by domicile

Country weights in RKLX and TSMG, widest gap first
CountryMore in RKLXMore in TSMG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • RKLX321.1%
  • TSMG214.6%

Securities held

  • RKLX3
  • TSMG1

Asset class

RKLX
Leveraged/Inverse
TSMG
Equity

Holdings

  • Only in RKLX3
  • In both0
  • Only in TSMG1

Only in RKLX

3 securities, 100% of RKLX by weight

  • United States Treasury Bill 11/19/2026120.54%
  • Rocket Lab Usa Marex31.16%
  • First American Government Obligations Fund 12/01/20310.31%

Only in TSMG

1 security, 14.6% of TSMG by weight

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

Weight gaps

RKLX and TSMG share no securities.

All 11 RKLX 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.

RKLX vs TSMG Cost

Overpaying RKLX vs TSMG

$13,437

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

  • RKLX 1.63%

    $28,093

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • RKLX 1.63%
  • 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$30K051015202530RKLX $28,093TSMG $14,656

Year by year

YearRKLXTSMGOverpaying
10$2,799$1,353$1,446
20$10,230$5,142$5,088
30$28,093$14,656$13,437

Expense ratio

  • 1.63%RKLX
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 315 funds

RKLX 306th cheapest of 315 funds

RKLX vs TSMG Dividends

Last 12 months to Nov 2, 2026
Last payment
RKLX $5.95
TSMG $2.73
Ex-dividend
RKLX Dec 30, 2025
TSMG Dec 30, 2025
Paid on
RKLX Dec 31, 2025
TSMG Jan 2, 2026
Frequency
RKLX Irregular
TSMG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

RKLXIrregular · 1 paymentAll RKLX payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $5.95. Use the arrow keys to read each point.$0$52026YTD
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$52026YTD

RKLX vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
RKLX 217.6%since Apr 2025TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
RKLX 1.04since Apr 2025TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
RKLX −92.3%since Mar 2025TSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
RKLX 8.46TSMG 3.81

Popular comparisons

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    Daily Target 2X Long RKLB ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
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    Category
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  • TSMGAvsUNHGA

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