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SOFA vs TSMG

Direxion Daily SOFI Bull 2X ETF

SOFACNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

0.0%by weight

Expense ratio

TSMG −0.21pt a year

SOFA0.97%TSMG0.76%

Avg volume · 30D

SOFA 1.1×the volume

SOFA78.8KTSMG69K

SOFA vs TSMG Performance

Jul 31, 2026 – Oct 30, 2026

−5.1%SOFA−4.6%TSMG

Jul 31, 2026 to Oct 30, 2026. SOFA −5.1%. TSMG −4.6%. Use the arrow keys to read each point.−20%20%40%Jul 2026Sep 2026Oct 2026
Expense ratio
SOFA 0.97%
TSMG 0.76%, better
Fund size
SOFA $13M
TSMG $28M
1Y total return
SOFA No data
TSMG +40.8%
Holdings
SOFA 8
TSMG 5
Avg volume (30D)
SOFA 78.8K sh, better
TSMG 69K sh
NAV per share
SOFA $12.55
TSMG $33.77
52W range

ETF.net Grade

SOFA: Cost 54, Risk 60, Mission 87, Tradability 45, Holdings not scored, Durability 64. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for SOFA, TSMG, with each pillar’s weight
PillarSOFATSMG
Cost30% weightC54A70Higher
Mission25% weightA87HigherA79
Risk15% weightB60A84Higher
Tradability15% weightC45A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB64B67Higher

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. SOFA 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 SOFA 71st 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 71CGOOXT-REX 2X Long Alphabet Daily Target ETFScore 54
  4. Rank 71CSOFADirexion Daily SOFI Bull 2X ETFScore 54
  5. Rank 76CUBRLGraniteShares 2x Long Uber Daily ETFScore 53

Our read on each fund

ETF.net Research

SOFACDirexion Daily SOFI Bull 2X ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

SOFA Two ETFs chase 2x the daily move in SoFi stock. SOFA is the cheaper one at 0.97% net of a waiver through September 1, 2027. A one-day instrument with a daily reset, not a set-and-forget stake in the stock.

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

SOFA The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of SoFi Technologies, Inc.'s common shares.

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

  • SOFA 0.97% net of a waiver through September 1, 2027 (0.99% gross) against 1.33% for SOFX, the other 2x SoFi daily fund. Same reference stock, lower toll.
  • The mandate is plain: 200% of SoFi Technologies' daily share move, before fees and expenses. One stock, one multiple, spelled out in the fund's own documents.direxion.com
  • Since its February 2026 launch it has tracked that daily 2x target closely, putting it among the stronger implementations in the leveraged single-stock bull group.
  • 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

  • SOFA The 2x target resets every day. Hold longer and compounding pulls results away from 2x SoFi's move over the same stretch, most sharply when the stock whipsaws.direxion.com
  • A small fund with moderate volume and a short record, so trading costs can run wider than on the household-name leveraged ETFs.
  • Pricing sits near the middle of the leveraged single-stock pack, not the cheap end: OKTG, a 2x fund on a different stock, charges 0.75%.
  • 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 SOFA profile⁠

Full TSMG profile⁠

SOFA vs TSMG Holdings

How SOFA and TSMG differ

Overlap by weight

0.0%

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

Level by level

  • Holdings0 in both0.0%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

No Sector split for SOFA and TSMG.

Country, concentration and asset class

Country by domicile

Country weights in SOFA and TSMG, widest gap first
CountryMore in SOFAMore in TSMG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • SOFA100.0%
  • TSMG212.4%

Securities held

  • SOFA3
  • TSMG1

Asset class

SOFA
Equity
TSMG
Equity

Holdings

  • Only in SOFA3
  • In both0
  • Only in TSMG1

Only in SOFA

3 securities, 17.7% of SOFA by weight

  • Goldman Sachs Fin Gov 465 Institut8.41%
  • Sofi Technologies Inc7.43%
  • Goldman Finl Sq Trsry Inst 5061.85%

Only in TSMG

1 security, 12.4% of TSMG by weight

  • First American Treasury Obligations Fund 01/01/204012.41%

Weight gaps

SOFA and TSMG share no securities.

All SOFA 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.

SOFA vs TSMG Cost

Overpaying SOFA vs TSMG

$3,542

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

  • SOFA 0.97%

    $18,198

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • SOFA 0.97%
  • 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$20K051015202530SOFA $18,198TSMG $14,656

Year by year

YearSOFATSMGOverpaying
10$1,712$1,353$359
20$6,443$5,142$1,301
30$18,198$14,656$3,542

Expense ratio

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

TSMG 131st cheapest of 315 funds

SOFA 156th cheapest of 315 funds

SOFA vs TSMG Dividends

Last 12 months to Oct 30, 2026
Last payment
SOFA $0.06
TSMG $2.73
Ex-dividend
SOFA Sep 22, 2026
TSMG Dec 30, 2025
Paid on
SOFA Sep 29, 2026
TSMG Jan 2, 2026
Frequency
SOFA Quarterly
TSMG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

SOFAQuarterly · 3 paymentsAll SOFA payments⁠
One bar per payment. 3 payments from 2025 to 2026 YTD. Mar 24, 2026 $0.05; Jun 23, 2026 $0.05; Sep 22, 2026 $0.06. Use the arrow keys to read each point.$0$2.502026YTD
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$2.502026YTD

SOFA vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SOFA No dataTSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
SOFA No dataTSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
SOFA No dataTSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
SOFA 1.96TSMG 3.81

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