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TSMG vs TXNU

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Direxion Daily TXN Bull 2X ETF

TXNUCNYSE Arca

Overlap

Expense ratio

TSMG −0.21pt a year

TSMG0.76%TXNU0.97%

Avg volume · 30D

TSMG 3.4×the volume

TSMG69KTXNU20.1K

TSMG vs TXNU Performance

Jul 31, 2026 – Nov 2, 2026

−7.6%TSMG+14.8%TXNU

Jul 31, 2026 to Nov 2, 2026. TSMG −7.6%. TXNU +14.8%. Use the arrow keys to read each point.−20%0%30%40%Jul 2026Sep 2026Nov 2026
Expense ratio
TSMG 0.76%, better
TXNU 0.97%
Fund size
TSMG $28M
TXNU $4M
1Y total return
TSMG +36.4%
TXNU No data
Holdings
TSMG 5
TXNU 8
Avg volume (30D)
TSMG 69K sh, better
TXNU 20.1K sh
NAV per share
TSMG $33.77
TXNU $50.15
52W range

ETF.net Grade

TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67. TXNU: Cost 54, Risk 86, Mission 83, Tradability 49, Holdings not scored, Durability 54.
Pillar letters and Scores for TSMG, TXNU, with each pillar’s weight
PillarTSMGTXNU
Cost30% weightA70HigherC54
Mission25% weightA79A83Higher
Risk15% weightA84A86Higher
Tradability15% weightA74HigherC49
Holdings10% weightNot scoredNot scored
Durability5% weightB67HigherC54

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 TXNU 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 TXNU 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 123CTWSCCorgi TSM 2x Daily ETFScore 40
  4. Rank 123CTXNUDirexion Daily TXN Bull 2X ETFScore 40
  5. Rank 123CUCTXCorgi UCTT 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

TSMGALeverage Shares 2x Long TSM Daily ETF

TXNUCDirexion Daily TXN 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.

TXNU Two-times daily exposure to Texas Instruments, the analog and embedded chip name rather than another AI accelerator. The leverage resets every day, which by design makes this a short-horizon tool.

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.

TXNU The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Texas Instruments Incorporated common shares.

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.
  • TXNU Aims for 200% of Texas Instruments' daily share move, before fees and expenses. Leveraged exposure to the analog and embedded chip corner of semis, not the GPU crowd.direxion.com
  • Costs 0.97% net of a waiver through September 1, 2027 (0.99% gross), landing near the median fee for leveraged single-stock funds.
  • The leverage comes packaged in one ticker: no margin account to open, no options chain to navigate, no roll dates to track.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.
  • TXNU Daily reset: hold past one day and returns compound off each close, so multi-day results can drift well away from 2x the stock's move, especially in choppy trading.direxion.com
  • Cheaper 2x single-stock funds exist, such as OKTG at 0.75% and TSMG at 0.76%, both without waivers, though each references a different company.
  • One company's news flow drives everything here, and light trading in smaller single-stock funds tends to show up as wider spreads.

Full TSMG profile⁠

Full TXNU profile⁠

TSMG vs TXNU 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 TXNU Cost

Overpaying TXNU vs TSMG

$3,542

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

  • TSMG 0.76%

    $14,656

  • TXNU 0.97%

    $18,198

$10,000
30 years

Cost over time

  • TSMG 0.76%
  • TXNU 0.97%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TXNU $18,198TSMG $14,656

Year by year

YearTSMGTXNUOverpaying
10$1,353$1,712$359
20$5,142$6,443$1,301
30$14,656$18,198$3,542

Expense ratio

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

TSMG 131st cheapest of 315 funds

TXNU 156th cheapest of 315 funds

TSMG vs TXNU Dividends

Last 12 months to Nov 2, 2026
Last payment
TSMG $2.73
TXNU $0.34
Ex-dividend
TSMG Dec 30, 2025
TXNU Sep 22, 2026
Paid on
TSMG Jan 2, 2026
TXNU Sep 29, 2026
Frequency
TSMG Irregular
TXNU Quarterly

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
TXNUQuarterly · 2 paymentsAll TXNU payments⁠
One bar per payment. 2 payments from 2025 to 2026 YTD. Jun 23, 2026 $0.17; Sep 22, 2026 $0.34. Use the arrow keys to read each point.$0$2.502026YTD

TSMG vs TXNU 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 2025TXNU No data
Return per unit of riskSharpe ratio, 3 years
TSMG 0.97since Feb 2025TXNU No data
Worst fallMax drawdown, 5 years
TSMG −63.7%since Jan 2025TXNU No data
Market sensitivityBeta, 5 years
TSMG 3.81TXNU 9.92

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.

  • TXNUCvsUNHGA

    Direxion Daily TXN Bull 2X ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    0.97% · 0.77%
    Category
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  • TSMGAvsOKTGA

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

    Expense ratio
    0.76% · 0.75%
    Category
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  • TXNUCvsOKTGA

    Direxion Daily TXN Bull 2X ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    0.97% · 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.

  • TXNUCvsPANGA

    Direxion Daily TXN Bull 2X ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    0.97% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.