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TEUP vs TSMG

T-REX 2X Long TE Daily Target ETF

TEUPFCboe

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

0.0%by weight

Expense ratio

TSMG −0.74pt a year

TEUP1.50%TSMG0.76%

Avg volume · 30D

TSMG 3.0×the volume

TEUP22.7KTSMG69K

TEUP vs TSMG Performance

Jul 31, 2026 – Nov 2, 2026

−71.9%TEUP−7.6%TSMG

Jul 31, 2026 to Nov 2, 2026. TEUP −71.9%. TSMG −7.6%. Use the arrow keys to read each point.−50%25%50%75%Jul 2026Sep 2026Nov 2026
Expense ratio
TEUP 1.50%
TSMG 0.76%, better
Fund size
TEUP $1M
TSMG $28M
1Y total return
TEUP No data
TSMG +36.4%
Holdings
TEUP 2
TSMG 5
Avg volume (30D)
TEUP 22.7K sh
TSMG 69K sh, better
NAV per share
TEUP $8.00
TSMG $33.77
52W range

ETF.net Grade

TEUP: Cost 11, Risk 8, Mission not scored, Tradability 20, Holdings not scored, Durability 43. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for TEUP, TSMG, with each pillar’s weight
PillarTEUPTSMG
Cost30% weightF11A70Higher
Mission25% weightNot scoredA79
Risk15% weightF8A84Higher
Tradability15% weightF20A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC43B67Higher

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. TEUP 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 TEUP 307th 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 306FASUPT-REX 2X Long ASTS Daily Target ETFScore 15
  4. Rank 307FTEUPT-REX 2X Long TE Daily Target ETFScore 14
  5. FIXXNot yet graded
  6. FLELNot yet graded
  7. LITGNot yet graded
  8. MUGNot yet graded
  9. MXLLNot yet graded
  10. STLLNot yet graded
  11. STMXNot yet graded
  12. VIAGNot yet graded

Our read on each fund

ETF.net Research

TEUPFT-REX 2X Long TE Daily Target ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

TEUP 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

TEUP 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

TEUP 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

TEUP 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 TEUP profile⁠

Full TSMG profile⁠

TEUP vs TSMG Holdings

How TEUP and TSMG differ

Overlap by weight

0.0%

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

Level by level

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

Sector

No Sector split for TEUP and TSMG.

Country, concentration and asset class

Country by domicile

Country weights in TEUP and TSMG, widest gap first
CountryMore in TEUPMore in TSMG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • TEUP277.3%
  • TSMG214.6%

Securities held

  • TEUP1
  • TSMG1

Asset class

TEUP
Equity
TSMG
Equity

Holdings

  • Only in TEUP1
  • In both0
  • Only in TSMG1

Only in TEUP

1 security, 100% of TEUP by weight

  • Recv Teup Trs Te Us138.65%

Only in TSMG

1 security, 14.6% of TSMG by weight

  • First American Treasury Obligations Fund 01/01/204014.59%

Weight gaps

TEUP and TSMG share no securities.

All 3 TEUP 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.

TEUP vs TSMG Cost

Overpaying TEUP vs TSMG

$11,627

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

  • TEUP 1.50%

    $26,283

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • TEUP 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$30K051015202530TEUP $26,283TSMG $14,656

Year by year

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

TSMG 131st cheapest of 315 funds

TEUP 271st cheapest of 315 funds

TEUP vs TSMG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

TEUPAll TEUP 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

TEUP vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
TEUP No dataTSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
TEUP No dataTSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
TEUP No dataTSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
TEUP 14.49TSMG 3.81

TEUP and TSMG in the news

All news⁠

Popular comparisons

  • TEUPFvsUNHGA

    T-REX 2X Long TE 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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  • TEUPFvsOKTGA

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    Expense ratio
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  • TSMGAvsOKTGA

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    Expense ratio
    0.76% · 0.75%
    Category
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  • TEUPFvsPANGA

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    Expense ratio
    1.50% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • 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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