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TSMG vs UNHU

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Direxion Daily UNH Bull 2X ETF

UNHUCNYSE Arca

Overlap

Expense ratio

TSMG −0.21pt a year

TSMG0.76%UNHU0.97%

Avg volume · 30D

TSMG 12.5×the volume

TSMG68.1KUNHU5.44K

TSMG vs UNHU Performance

Aug 7, 2026 – Nov 9, 2026

−20.0%TSMG−7.4%UNHU

Aug 7, 2026 to Nov 9, 2026. TSMG −20.0%. UNHU −7.4%. Use the arrow keys to read each point.−30%0%10%20%30%Aug 2026Sep 2026Nov 2026
Expense ratio
TSMG 0.76%, better
UNHU 0.97%
Fund size
TSMG $24M
UNHU $4M
1Y total return
TSMG +40.3%
UNHU No data
Holdings
TSMG 6
UNHU 8
Avg volume (30D)
TSMG 68.1K sh, better
UNHU 5.44K sh
NAV per share
TSMG $28.23
UNHU $47.13
52W range

ETF.net Grade

TSMG: Cost 70, Risk 82, Mission 75, Tradability 76, Holdings not scored, Durability 66. UNHU: Cost 56, Risk 96, Mission 78, Tradability 40, Holdings not scored, Durability 55.
Pillar letters and Scores for TSMG, UNHU, with each pillar’s weight
PillarTSMGUNHU
Cost30% weightA70HigherB56
Mission25% weightA75A78Higher
Risk15% weightA82A96Higher
Tradability15% weightA76HigherC40
Holdings10% weightNot scoredNot scored
Durability5% weightB66HigherB55

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 UNHU 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 UNHU 124th 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 124CUNCorgi UNH 2x Daily ETFScore 40
  5. Rank 124CUNHUDirexion Daily UNH Bull 2X ETFScore 40
  6. Rank 124CUPSCCorgi UPST 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

TSMGALeverage Shares 2x Long TSM Daily ETF

UNHUCDirexion Daily UNH 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.

UNHU Two ETFs chase 2x a daily move in UnitedHealth; this is Direxion's. It targets 200% of UNH's daily return and resets each night. Fee: 0.97% net of a waiver through September 1, 2027, 0.99% gross.

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.

UNHU The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of UnitedHealth Group 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.
  • UNHU Narrow, legible mandate: 200% of UNH's move for one trading day, rebalanced nightly. No margin account, no broker loan, no maintenance calls to manage.direxion.com
  • Direxion is a long-running specialist in daily leveraged funds, and the one-day objective and nightly reset are spelled out in the fund's own fact sheet and prospectus.direxion.comsec.gov
  • Cost sits near the middle of the leveraged single-stock crowd: 0.97% net of a waiver through September 1, 2027, 0.99% gross.

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.
  • UNHU The daily reset is the whole machine. Hold past one session and compounding steers the result; a choppy stretch can leave the fund down even if UNH ends higher.sec.gov
  • The rival 2x UNH fund, UNHG, lists 0.77% with no waiver, so this is the pricier side of a two-fund matchup on the same stock.
  • One stock means none of the cushion of diversification, and this is a young, thinly traded fund, so bid-ask spreads are part of the real cost.direxion.com

Full TSMG profile⁠

Full UNHU profile⁠

TSMG vs UNHU 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 UNHU Cost

Overpaying UNHU vs TSMG

$3,542

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

  • TSMG 0.76%

    $14,656

  • UNHU 0.97%

    $18,198

$10,000
30 years

Cost over time

  • TSMG 0.76%
  • UNHU 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$20K051015202530UNHU $18,198TSMG $14,656

Year by year

YearTSMGUNHUOverpaying
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%UNHU
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 312 funds

UNHU 156th cheapest of 312 funds

TSMG vs UNHU Dividends

Last 12 months to Nov 9, 2026
Last payment
TSMG $2.73
UNHU $0.25
Ex-dividend
TSMG Dec 30, 2025
UNHU Sep 22, 2026
Paid on
TSMG Jan 2, 2026
UNHU Sep 29, 2026
Frequency
TSMG Irregular
UNHU 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
UNHUQuarterly · 2 paymentsAll UNHU payments⁠
One bar per payment. 2 payments from 2025 to 2026 YTD. Jun 23, 2026 $0.25; Sep 22, 2026 $0.25. Use the arrow keys to read each point.$0$2.502026YTD

TSMG vs UNHU 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 2025UNHU No data
Return per unit of riskSharpe ratio, 3 years
TSMG 0.97since Feb 2025UNHU No data
Worst fallMax drawdown, 5 years
TSMG −63.7%since Jan 2025UNHU No data
Market sensitivityBeta, 5 years
TSMG 3.98UNHU 6.38

Popular comparisons

  • 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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  • UNHUCvsUNHGA

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