TSMG vs TSMX

TSMGALeverage Shares 2x Long TSM Daily ETF

TSMXBDirexion Daily TSM Bull 2X 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.

TSMX Double-speed Taiwan Semiconductor, one trading day at a time. TSMX aims to deliver 200% of the stock's daily move, resets every night, and charges a fraction of what the only other 2x TSM bull fund does.

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.

TSMX The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Taiwan Semiconductor Manufacturing Co Ltd common shares. It is designed for a single day and does not seek to provide that multiple over longer periods.

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.

• TSMX At 0.99% a year it undercuts the only other 2x TSM bull ETF (TSMU, at 2.45%), so less of each day's gross move disappears into the fee.
• Stays close to its stated 200%-of-daily-move target, one of the tighter implementations among leveraged single-stock funds.
• Actively traded for a leveraged single-stock fund, which matters when the whole design assumes same-day entries and exits.
• The leverage sits inside the fund wrapper: no margin account to open, no stock to borrow, and no exposure beyond the amount invested.direxion.com

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.

• TSMX The 200% target covers a single day. Hold longer and compounding takes over, so multi-day results can drift far from twice Taiwan Semiconductor's move.
• Cheap for this cohort, but 0.99% a year is heavy next to plain index funds, and it accrues whether the stock rises or falls.
• One company, doubled: no diversification cushion, so anything specific to Taiwan Semiconductor lands at twice the size. The fund itself only dates to 2024.

Full TSMG profile⁠

Full TSMX profile⁠