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SMUP vs TSMG

T-Rex 2x Long SMR Daily Target ETF

SMUPFCboe

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

TSMG −0.74pt a year

SMUP1.50%TSMG0.76%

Avg volume · 30D

SMUP 3.3×the volume

SMUP225KTSMG69K

SMUP vs TSMG Performance

Oct 31, 2025 – Oct 30, 2026

−98.8%SMUP+40.8%TSMG

Oct 31, 2025 to Oct 30, 2026. SMUP −98.8%. TSMG +40.8%. Use the arrow keys to read each point.−50%0%100%Oct 2025Apr 2026Oct 2026
Expense ratio
SMUP 1.50%
TSMG 0.76%, better
Fund size
SMUP $4M
TSMG $28M
1Y total return
SMUP −98.8%
TSMG +40.8%, better
Holdings
SMUP 2
TSMG 5
Avg volume (30D)
SMUP 225K sh, better
TSMG 69K sh
NAV per share
SMUP $1.70
TSMG $33.77
52W range

ETF.net Grade

SMUP: Cost 11, Risk 7, Mission not scored, Tradability 28, Holdings not scored, Durability 55. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for SMUP, TSMG, with each pillar’s weight
PillarSMUPTSMG
Cost30% weightF11A70Higher
Mission25% weightNot scoredA79
Risk15% weightF7A84Higher
Tradability15% weightD28A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB55B67Higher

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. SMUP 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 SMUP 305th 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 304FEOSUT-REX 2X Long EOSE Daily Target ETFScore 18
  4. Rank 305FSMUPT-Rex 2x Long SMR Daily Target ETFScore 17
  5. Rank 306FASUPT-REX 2X Long ASTS Daily Target ETFScore 15

Our read on each fund

ETF.net Research

SMUPFT-Rex 2x Long SMR Daily Target ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

SMUP 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

SMUP 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

SMUP 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

SMUP 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 SMUP profile⁠

Full TSMG profile⁠

SMUP 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.

SMUP vs TSMG Cost

Overpaying SMUP vs TSMG

$11,627

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

  • SMUP 1.50%

    $26,283

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • SMUP 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$30K051015202530SMUP $26,283TSMG $14,656

Year by year

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

TSMG 131st cheapest of 315 funds

SMUP 271st cheapest of 315 funds

SMUP vs TSMG Dividends

Last 12 months to Oct 30, 2026
Last payment
SMUP $52.75
TSMG $2.73
Ex-dividend
SMUP Dec 24, 2025
TSMG Dec 30, 2025
Paid on
SMUP Dec 26, 2025
TSMG Jan 2, 2026
Frequency
SMUP Irregular
TSMG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

SMUPIrregular · 1 paymentAll SMUP payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 24, 2025 $52.75. Use the arrow keys to read each point.$0$502026YTD
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$502026YTD

SMUP vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SMUP 126.5%since Aug 2025TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
SMUP −1.82since Aug 2025TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
SMUP −99.4%since Jul 2025TSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
SMUP 5.55TSMG 3.81

Popular comparisons

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    T-Rex 2x Long SMR Daily Target ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    1.50% · 0.77%
    Category
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  • 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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  • SMUPFvsOKTGA

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    Expense ratio
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  • TSMGAvsOKTGA

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    Expense ratio
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    Category
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  • SMUPFvsPANGA

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    Expense ratio
    1.50% · 0.76%
    Category
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  • 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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