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SOFX vs TSMG

Daily Target 2X Long SOFI ETF

SOFXCNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

TSMG −0.57pt a year

SOFX1.33%TSMG0.76%

Avg volume · 30D

SOFX 20.1×the volume

SOFX1.39MTSMG69K

SOFX vs TSMG Performance

Oct 31, 2025 – Oct 30, 2026

−81.7%SOFX+40.8%TSMG

Oct 31, 2025 to Oct 30, 2026. SOFX −81.7%. TSMG +40.8%. Use the arrow keys to read each point.−50%0%100%Oct 2025Apr 2026Oct 2026
Expense ratio
SOFX 1.33%
TSMG 0.76%, better
Fund size
SOFX $59M
TSMG $28M
1Y total return
SOFX −81.7%
TSMG +40.8%, better
Holdings
SOFX 10
TSMG 5
Avg volume (30D)
SOFX 1.39M sh, better
TSMG 69K sh
NAV per share
SOFX $7.47
TSMG $33.77
52W range

ETF.net Grade

SOFX: Cost 22, Risk 35, Mission 88, Tradability 74, Holdings not scored, Durability 78. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for SOFX, TSMG, with each pillar’s weight
PillarSOFXTSMG
Cost30% weightF22A70Higher
Mission25% weightA88HigherA79
Risk15% weightD35A84Higher
Tradability15% weightA74A74
Holdings10% weightNot scoredNot scored
Durability5% weightA78HigherB67

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. SOFX 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 SOFX 118th 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 118CSNXXTradr 2X Long SNDK Daily ETFScore 41
  4. Rank 118CSOFXDaily Target 2X Long SOFI ETFScore 41
  5. Rank 118CWDCXTradr 2X Long WDC Daily ETFScore 41

Our read on each fund

ETF.net Research

SOFXCDaily Target 2X Long SOFI ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

SOFX Defiance got here first: SOFX has aimed for twice SoFi's daily move since January 2025, more than a year before Direxion's rival landed. Swaps do the work, and the leverage resets every single day.

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

SOFX The fund seeks daily results equal to twice the daily percentage change in SoFi Technologies, Inc.'s share price.

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

  • SOFX Launched January 2025, beating the only other 2x SOFI fund (Direxion's SOFA, February 2026) to market by more than a year.direxion.com
  • Narrow job, done tightly: daily results have tracked the stated twice-SOFI target closely, and the fund trades actively enough for short-hold positioning.
  • A swap-based book pegged to one stock. No index, no basket: SoFi's tape doubled, recalculated each day.defianceetfs.com
  • Sits in the upper half of a single-stock leveraged bull field that runs to hundreds of funds.
  • 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

  • SOFX 1.33% a year with no waiver trimming it, above the typical fee in this category. Direxion's SOFA charges 0.97% net of a waiver through September 1, 2027.
  • Leverage resets daily, so results over longer stretches can drift from twice SOFI's move. Defiance itself says not to expect 2x cumulative returns past a day.defianceetfs.com
  • One stock, doubled. Any SoFi earnings jolt or headline lands here at twice the size, in both directions.
  • 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 SOFX profile⁠

Full TSMG profile⁠

SOFX 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.

SOFX vs TSMG Cost

Overpaying SOFX vs TSMG

$9,161

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

  • SOFX 1.33%

    $23,817

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • SOFX 1.33%
  • 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$25K051015202530SOFX $23,817TSMG $14,656

Year by year

YearSOFXTSMGOverpaying
10$2,313$1,353$960
20$8,564$5,142$3,422
30$23,817$14,656$9,161

Expense ratio

  • 1.33%SOFX
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 315 funds

SOFX 248th cheapest of 315 funds

SOFX vs TSMG Dividends

Last 12 months to Oct 30, 2026
Last payment
SOFX $3.60
TSMG $2.73
Ex-dividend
SOFX Dec 30, 2025
TSMG Dec 30, 2025
Paid on
SOFX Dec 31, 2025
TSMG Jan 2, 2026
Frequency
SOFX Irregular
TSMG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

SOFXIrregular · 1 paymentAll SOFX payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $3.60. 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

SOFX vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SOFX 102.4%since Feb 2025TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
SOFX −0.07since Feb 2025TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
SOFX −88.1%since Jan 2025TSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
SOFX 4.56TSMG 3.81

Popular comparisons

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

    Expense ratio
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    Category
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  • TSMGAvsUNHGA

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