Skip to content
etf.net

TSMG vs TSMU

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

GraniteShares 2x Long TSM Daily ETF

TSMUCNasdaq

Overlap

Expense ratio

TSMG −0.74pt a year

TSMG0.76%TSMU1.50%

Avg volume · 30D

TSMG 1.2×the volume

TSMG69KTSMU59.7K

TSMG vs TSMU Performance

Oct 31, 2025 – Oct 30, 2026

+40.8%TSMG+34.9%TSMU

Oct 31, 2025 to Oct 30, 2026. TSMG +40.8%. TSMU +34.9%. Use the arrow keys to read each point.−25%0%75%100%Oct 2025Apr 2026Oct 2026
Expense ratio
TSMG 0.76%, better
TSMU 1.50%
Fund size
TSMG $28M
TSMU $43M
1Y total return
TSMG +40.8%, better
TSMU +34.9%
Holdings
TSMG 5
TSMU 2
Avg volume (30D)
TSMG 69K sh, better
TSMU 59.7K sh
NAV per share
TSMG $33.77
TSMU $68.46
52W range

ETF.net Grade

TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67. TSMU: Cost 11, Risk 84, Mission 98, Tradability 79, Holdings not scored, Durability 78.
Pillar letters and Scores for TSMG, TSMU, with each pillar’s weight
PillarTSMGTSMU
Cost30% weightA70HigherF11
Mission25% weightA79A98Higher
Risk15% weightA84A84
Tradability15% weightA74A79Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB67A78Higher

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. TSMG and TSMU 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 TSMU 92nd 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 92CMRNXDaily Target 2X Long MRNA ETFScore 48
  4. Rank 92CTSMUGraniteShares 2x Long TSM Daily ETFScore 48
  5. Rank 95CAEHGLeverage Shares 2X Long AEHR Daily ETFScore 47

Our read on each fund

ETF.net Research

TSMGALeverage Shares 2x Long TSM Daily ETF

TSMUCGraniteShares 2x Long TSM Daily ETF

In short

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.

TSMU Two US ETFs aim at twice Taiwan Semiconductor's daily move, and this is one of them. Straight 2x daily exposure to the world's largest contract chipmaker, at a fee that sits well above the leveraged single-stock norm.

Stated mandate

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.

TSMU The fund seeks daily, before-fee-and-expense investment results equal to twice the daily percentage change of Taiwan Semiconductor Manufacturing Co Ltd.

Why people hold it

  • 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.
  • TSMU Does one thing: targets twice TSM's daily percentage change, before fees and expenses. No options overlay, no income sleeve, no stock picking.graniteshares.com
  • It has hit its stated daily multiple tightly, one of the stronger implementations among 2x single-stock funds.
  • Rare target. Only one other US ETF, TSMX, aims at twice TSM's daily move, and most leveraged chip products point at other names.
  • The leverage sits inside the wrapper, so the 2x exposure arrives through an ordinary brokerage trade rather than a margin account.

Worth knowing

  • 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.
  • TSMU The fee is 2.45% a year. TSMX chases the same stock at the same 2x multiple for 0.99%, and the wider 2x single-stock group typically charges around 1%.
  • The multiple resets every day. Hold past one session and compounding can push the result away from twice TSM's move over that stretch, most of all in choppy markets.
  • One company, doubled, and launched in 2024. TSM's own swings land twice as hard, there is no diversification cushion, and the track record is short.

Full TSMG profile⁠

Full TSMU profile⁠

TSMG vs TSMU 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.

TSMG vs TSMU Cost

Overpaying TSMU vs TSMG

$11,627

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

  • TSMG 0.76%

    $14,656

  • TSMU 1.50%

    $26,283

$10,000
30 years

Cost over time

  • TSMG 0.76%
  • TSMU 1.50%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530TSMU $26,283TSMG $14,656

Year by year

YearTSMGTSMUOverpaying
10$1,353$2,590$1,237
20$5,142$9,519$4,377
30$14,656$26,283$11,627

Expense ratio

  • 0.76%TSMG, cheaper
  • 1.50%TSMU
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 315 funds

TSMU 271st cheapest of 315 funds

TSMG vs TSMU Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

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
TSMUAll TSMU payments⁠

No distribution history available.

TSMG vs TSMU Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
TSMG 77.9%since Feb 2025TSMU 73.6%since Dec 2024
Return per unit of riskSharpe ratio, 3 years
TSMG 0.97since Feb 2025TSMU 1.01since Dec 2024
Worst fallMax drawdown, 5 years
TSMG −63.7%since Jan 2025TSMU −63.7%since Nov 2024Same figure. Both funds show the same value, so neither comes out ahead.
Market sensitivityBeta, 5 years
TSMG 3.81TSMU 3.42

Popular comparisons

  • TSMGAvsUNHGA

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

    Expense ratio
    0.76% · 0.77%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TSMUCvsUNHGA

    GraniteShares 2x Long TSM Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    1.50% · 0.77%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TSMGAvsOKTGA

    Leverage Shares 2x Long TSM Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    0.76% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TSMUCvsOKTGA

    GraniteShares 2x Long TSM Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    1.50% · 0.75%
    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
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TSMUCvsPANGA

    GraniteShares 2x Long TSM Daily ETF · Leverage Shares 2x Long PANW Daily ETF

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