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TERG vs TSMG

Leverage Shares 2X Long TER Daily ETF

TERGBNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

1.0%by weight

Expense ratio

TERG −0.01pt a year

TERG0.75%TSMG0.76%

Avg volume · 30D

TSMG 1.6×the volume

TERG42.7KTSMG68.1K

TERG vs TSMG Performance

Dec 31, 2025 – Nov 9, 2026

−21.9%TERG+27.7%TSMG

Dec 31, 2025 to Nov 9, 2026. TERG −21.9%. TSMG +27.7%. Use the arrow keys to read each point.100%200%300%Dec 2025Jun 2026Nov 2026
Expense ratio
TERG 0.75%, better
TSMG 0.76%
Fund size
TERG $5M
TSMG $24M
1Y total return
TERG No data
TSMG +40.3%
Holdings
TERG 6
TSMG 6
Avg volume (30D)
TERG 42.7K sh
TSMG 68.1K sh, better
NAV per share
TERG $11.59
TSMG $28.23
52W range

ETF.net Grade

TERG: Cost 70, Risk 56, Mission 93, Tradability 62, Holdings not scored, Durability 50. TSMG: Cost 70, Risk 82, Mission 75, Tradability 76, Holdings not scored, Durability 66.
Pillar letters and Scores for TERG, TSMG, with each pillar’s weight
PillarTERGTSMG
Cost30% weightA70A70
Mission25% weightA93HigherA75
Risk15% weightB56A82Higher
Tradability15% weightB62A76Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC50B66Higher

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. TERG and TSMG are both graded against the same 312 Single-Stock Long Leveraged funds, so their Grades compare head to head.

Single-Stock Long Leveraged⁠

Category · 312 funds
See all 312 ›

TSMG ranks 2nd and TERG 26th of 312 funds in the Single-Stock Long Leveraged Category.

  1. Rank 1AUNHGLeverage Shares 2x Long UNH Daily ETFScore 74
  2. Rank 2ATSMGLeverage Shares 2x Long TSM Daily ETFScore 73
  3. Rank 3ACOTGLeverage Shares 2X Long COST Daily ETFScore 70
  4. Rank 26BMSFUDirexion Daily MSFT Bull 2X SharesScore 63
  5. Rank 26BTERGLeverage Shares 2X Long TER Daily ETFScore 63
  6. Rank 26BTSMXDirexion Daily TSM Bull 2X ETFScore 63

Our read on each fund

ETF.net Research

TERGBLeverage Shares 2X Long TER Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

TERG Two times Teradyne's daily move in one ticker. TERG prices at 0.75%, under the norm for single-stock leverage, and it resets exposure every day, which makes it a short-horizon instrument by design.

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

TERG The fund seeks daily investment results equal to 200% of the daily performance of Teradyne, Inc. stock, before fees and expenses.

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

  • TERG 0.75% a year, versus the roughly 1% that is typical across 2x single-stock ETFs. Cost is one of the few variables you actually control inside a leveraged wrapper.leverageshares.com
  • Stated goal is clean and measurable: 200% of Teradyne's daily performance before fees. On delivering that mandate it sits in the top slice of a crowded 2x single-stock field.leverageshares.com
  • A registered 1940 Act ETF, so the leverage arrives in an ordinary brokerage ticket. No margin agreement, no options chain, no positions to roll.leverageshares.com
  • 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

  • TERG The 2x target applies to a single trading day. Over longer stretches, daily resets and volatility can pull results well away from twice Teradyne's move.
  • One company, doubled. An earnings surprise or guidance cut at Teradyne lands twice as hard, and there is nothing else inside the fund to cushion it.
  • Launched in November 2025, so the record is short, and trading is moderate rather than heavy, which can mean wider spreads than the biggest 2x single-stock names.
  • 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 TERG profile⁠

Full TSMG profile⁠

TERG vs TSMG Holdings

How TERG and TSMG differ

Overlap by weight

1.0%

Shared holdings make up 11.0% of TSMG and 1.0% of TERG.

About this figure: TERG gets much of its exposure from swaps and futures, which aren’t counted.

TSMG gets much of its exposure from swaps and futures, which aren’t counted.

Level by level

  • Holdings1 in both1.0%
  • Asset classStocks100%
  • Countryby domicile100%

Sector

No Sector split for TERG and TSMG.

Country, concentration and asset class

Country by domicile

Country weights in TERG and TSMG, widest gap first
CountryMore in TERGMore in TSMGGap
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • TERG201.0%
  • TSMG211.0%

Securities held

  • TERG1
  • TSMG2

Asset class

TERG
Stocks
TSMG
Stocks

Holdings

  • Only in TERG0
  • In both1
  • Only in TSMG1

Only in TERG

0 securities, 0.0% of TERG by weight

Only in TSMG

1 security, 10.1% of TSMG by weight

  • 874039100 Swp10.06%

Weight gaps

All 1 Holdings in both funds, largest gap first.

Holding weights in TERG and TSMG, widest gap first
HoldingMore in TERGMore in TSMGGap
First American Treasury Obligations Fund 01/01/2040TSMG +9.94 points

All 6 TERG holdings⁠All 6 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.

TERG vs TSMG Cost

Overpaying TSMG vs TERG

$174

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

  • TERG 0.75%

    $14,482

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • TERG 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 $14,656TERG $14,482

Year by year

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

Expense ratio

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

TERG 87th cheapest of 312 funds

TSMG 131st cheapest of 312 funds

TERG vs TSMG Dividends

Last 12 months to Nov 9, 2026
Payout (12M)
TERG None
TSMG No data
Last payment
TERG No data
TSMG $2.73
Ex-dividend
TERG No data
TSMG Dec 30, 2025
Paid on
TERG No data
TSMG Jan 2, 2026
Frequency
TERG No data
TSMG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

TERGAll TERG 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

TERG vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
TERG No dataTSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
TERG No dataTSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
TERG No dataTSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
TERG 1.10TSMG 3.98

Popular comparisons

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    Leverage Shares 2X Long TER Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
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