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SPOG vs TSMG

Leverage Shares 2x Long SPOT Daily ETF

SPOGCNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

SPOG −0.01pt a year

SPOG0.75%TSMG0.76%

Avg volume · 30D

TSMG 1.9×the volume

SPOG35.5KTSMG69K

SPOG vs TSMG Performance

Dec 31, 2025 – Oct 30, 2026

−22.7%SPOG+41.5%TSMG

Dec 31, 2025 to Oct 30, 2026. SPOG −22.7%. TSMG +41.5%. Use the arrow keys to read each point.−50%0%75%100%Dec 2025Jun 2026Oct 2026
Expense ratio
SPOG 0.75%, better
TSMG 0.76%
Fund size
SPOG $4M
TSMG $28M
1Y total return
SPOG No data
TSMG +40.8%
Holdings
SPOG 4
TSMG 5
Avg volume (30D)
SPOG 35.5K sh
TSMG 69K sh, better
NAV per share
SPOG $9.43
TSMG $33.77
52W range

ETF.net Grade

SPOG: Cost 70, Risk 64, Mission 81, Tradability 53, Holdings not scored, Durability 47. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for SPOG, TSMG, with each pillar’s weight
PillarSPOGTSMG
Cost30% weightA70A70
Mission25% weightA81HigherA79
Risk15% weightB64A84Higher
Tradability15% weightC53A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC47B67Higher

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. SPOG 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 SPOG 123rd 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 123CSOFCCorgi SOFI 2x Daily ETFScore 40
  4. Rank 123CSPOGLeverage Shares 2x Long SPOT Daily ETFScore 40
  5. Rank 123CTELGLeverage Shares 2X Long TEL Daily ETFScore 40

Our read on each fund

ETF.net Research

SPOGCLeverage Shares 2x Long SPOT Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

SPOG Two-times daily Spotify in a single ticker. The leveraged single-stock aisle is stacked with chipmakers and megacap tech; SPOG points that same daily-reset machinery at a music-streaming stock, for 0.75% a year.

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

SPOG The fund seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of Spotify Technology S.A. stock.

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

  • SPOG Delivers 200% of Spotify's daily move in an ordinary 1940 Act ETF. No margin account, no options chain, no borrow to arrange.leverageshares.com
  • At 0.75% a year it comes in under the typical 2x single-stock fund, and matches Leverage Shares stablemates like ASMG and UNHG on price.
  • Fills a gap on a crowded shelf: the biggest 2x single-stock funds track chips and megacap tech, not a subscription-streaming name like Spotify.
  • 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

  • SPOG The 2x target resets daily. Hold past a day and your result follows the compounding path, so choppy stretches can drag while sustained trends amplify.
  • One stock, doubled. Earnings night, a subscriber surprise, or a management shakeup lands twice as hard here as it does in SPOT shares.
  • Launched in November 2025, so it is one of the newer tickets in this category, with a shorter trading record than the long-running megacap leveraged funds.
  • 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 SPOG profile⁠

Full TSMG profile⁠

SPOG 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.

SPOG vs TSMG Cost

Overpaying TSMG vs SPOG

$174

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

  • SPOG 0.75%

    $14,482

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • SPOG 0.75%
  • 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$15K051015202530TSMG $14,656SPOG $14,482

Year by year

YearSPOGTSMGOverpaying
10$1,336$1,353$17
20$5,078$5,142$64
30$14,482$14,656$174

Expense ratio

  • 0.75%SPOG, cheaper
  • 0.76%TSMG
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

SPOG 87th cheapest of 315 funds

TSMG 131st cheapest of 315 funds

SPOG vs TSMG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

SPOGAll SPOG 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

SPOG vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SPOG No dataTSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
SPOG No dataTSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
SPOG No dataTSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
SPOG 0.06TSMG 3.81

Popular comparisons

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

    Expense ratio
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  • TSMGAvsUNHGA

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  • TSMGAvsPANGA

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