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SBTU vs TSMG

T-REX 2X Long SBET Daily Target ETF

SBTUDCboe

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

TSMG −0.74pt a year

SBTU1.50%TSMG0.76%

Avg volume · 30D

SBTU 1.7×the volume

SBTU118KTSMG69K

SBTU vs TSMG Performance

Oct 31, 2025 – Oct 30, 2026

−88.8%SBTU+40.8%TSMG

Oct 31, 2025 to Oct 30, 2026. SBTU −88.8%. TSMG +40.8%. Use the arrow keys to read each point.−50%0%100%Oct 2025Apr 2026Oct 2026
Expense ratio
SBTU 1.50%
TSMG 0.76%, better
Fund size
SBTU $3M
TSMG $28M
1Y total return
SBTU −88.8%
TSMG +40.8%, better
Holdings
SBTU 2
TSMG 5
Avg volume (30D)
SBTU 118K sh, better
TSMG 69K sh
NAV per share
SBTU $27.34
TSMG $33.77
52W range

ETF.net Grade

SBTU: Cost 11, Risk 31, Mission not scored, Tradability 46, Holdings not scored, Durability 54. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for SBTU, TSMG, with each pillar’s weight
PillarSBTUTSMG
Cost30% weightF11A70Higher
Mission25% weightNot scoredA79
Risk15% weightD31A84Higher
Tradability15% weightC46A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC54B67Higher

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. SBTU 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 SBTU 289th 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 289DAKALT-REX 2X Long AKAM Daily Target ETFScore 27
  4. Rank 289DSBTUT-REX 2X Long SBET Daily Target ETFScore 27
  5. Rank 291DKTUPT-REX 2X Long KTOS Daily Target ETFScore 26

Our read on each fund

ETF.net Research

SBTUDT-REX 2X Long SBET Daily Target ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

SBTU No data

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

SBTU No data

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

SBTU No data

  • 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

SBTU No data

  • 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 SBTU profile⁠

Full TSMG profile⁠

SBTU 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.

SBTU vs TSMG Cost

Overpaying SBTU vs TSMG

$11,627

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

  • SBTU 1.50%

    $26,283

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • SBTU 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$30K051015202530SBTU $26,283TSMG $14,656

Year by year

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

TSMG 131st cheapest of 315 funds

SBTU 271st cheapest of 315 funds

SBTU vs TSMG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

SBTUAll SBTU 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

SBTU vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SBTU 151.3%since Nov 2025TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
SBTU −0.71since Nov 2025TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
SBTU −94.2%since Oct 2025TSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
SBTU 3.05TSMG 3.81

SBTU and TSMG in the news

All news⁠

Popular comparisons

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    T-REX 2X Long SBET Daily Target ETF · Leverage Shares 2x Long UNH Daily ETF

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