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SMCL vs TSMG

GraniteShares 2x Long SMCI Daily ETF

SMCLCNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

TSMG −0.64pt a year

SMCL1.40%TSMG0.76%

Avg volume · 30D

SMCL 11.2×the volume

SMCL776KTSMG69K

SMCL vs TSMG Performance

Oct 31, 2025 – Oct 30, 2026

−89.1%SMCL+40.8%TSMG

Oct 31, 2025 to Oct 30, 2026. SMCL −89.1%. TSMG +40.8%. Use the arrow keys to read each point.−50%0%100%Oct 2025Apr 2026Oct 2026
Expense ratio
SMCL 1.40%
TSMG 0.76%, better
Fund size
SMCL $34M
TSMG $28M
1Y total return
SMCL −89.1%
TSMG +40.8%, better
Holdings
SMCL 2
TSMG 5
Avg volume (30D)
SMCL 776K sh, better
TSMG 69K sh
NAV per share
SMCL $12.66
TSMG $33.77
52W range

ETF.net Grade

SMCL: Cost 20, Risk 35, Mission not scored, Tradability 88, Holdings not scored, Durability 76. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for SMCL, TSMG, with each pillar’s weight
PillarSMCLTSMG
Cost30% weightF20A70Higher
Mission25% weightNot scoredA79
Risk15% weightD35A84Higher
Tradability15% weightA88HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightA76HigherB67

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. SMCL 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 SMCL 111th 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 111CSKUUGraniteShares 2x Long SK Hynix Daily ETFScore 43
  4. Rank 111CSMCLGraniteShares 2x Long SMCI Daily ETFScore 43
  5. Rank 117CLNOKDaily Target 2X Long NOK ETFScore 42

Our read on each fund

ETF.net Research

SMCLCGraniteShares 2x Long SMCI Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

SMCL 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

SMCL 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

SMCL 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

SMCL 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 SMCL profile⁠

Full TSMG profile⁠

SMCL 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.

SMCL vs TSMG Cost

Overpaying SMCL vs TSMG

$10,190

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

  • SMCL 1.40%

    $24,846

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • SMCL 1.40%
  • 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$20K$25K051015202530SMCL $24,846TSMG $14,656

Year by year

YearSMCLTSMGOverpaying
10$2,427$1,353$1,074
20$8,961$5,142$3,819
30$24,846$14,656$10,190

Expense ratio

  • 1.40%SMCL
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 315 funds

SMCL 256th cheapest of 315 funds

SMCL vs TSMG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

SMCLAll SMCL 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

SMCL vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SMCL 186.4%since Jan 2025TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
SMCL 0.23since Jan 2025TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
SMCL −97.5%since Dec 2024TSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
SMCL 8.24TSMG 3.81

Popular comparisons

  • SMCLCvsUNHGA

    GraniteShares 2x Long SMCI Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    1.40% · 0.77%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TSMGAvsUNHGA

    Leverage Shares 2x Long TSM Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    0.76% · 0.77%
    Category
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  • SMCLCvsOKTGA

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    Expense ratio
    1.40% · 0.75%
    Category
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  • TSMGAvsOKTGA

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    Expense ratio
    0.76% · 0.75%
    Category
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  • SMCLCvsPANGA

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    Expense ratio
    1.40% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TSMGAvsPANGA

    Leverage Shares 2x Long TSM Daily ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    0.76% · 0.76%
    Category
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