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TSMG vs USGG

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Leverage Shares 2X Long USAR Daily ETF

USGGBNasdaq

Overlap

10.9%by weight

Expense ratio

USGG −0.01pt a year

TSMG0.76%USGG0.75%

Avg volume · 30D

USGG 7.4×the volume

TSMG69KUSGG513K

TSMG vs USGG Performance

Jul 31, 2026 – Nov 2, 2026

−7.6%TSMG−71.9%USGG

Jul 31, 2026 to Nov 2, 2026. TSMG −7.6%. USGG −71.9%. Use the arrow keys to read each point.−50%−25%25%50%75%Jul 2026Sep 2026Nov 2026
Expense ratio
TSMG 0.76%
USGG 0.75%, better
Fund size
TSMG $28M
USGG $8M
1Y total return
TSMG +36.4%
USGG No data
Holdings
TSMG 5
USGG 5
Avg volume (30D)
TSMG 69K sh
USGG 513K sh, better
NAV per share
TSMG $33.77
USGG $1.73
52W range

ETF.net Grade

TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67. USGG: Cost 70, Risk 29, Mission not scored, Tradability 61, Holdings not scored, Durability 49.
Pillar letters and Scores for TSMG, USGG, with each pillar’s weight
PillarTSMGUSGG
Cost30% weightA70A70
Mission25% weightA79Not scored
Risk15% weightA84HigherD29
Tradability15% weightA74HigherB61
Holdings10% weightNot scoredNot scored
Durability5% weightB67HigherC49

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 USGG 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 USGG 62nd 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 62BPALUDirexion Daily PANW Bull 2X ETFScore 56
  4. Rank 62BUSGGLeverage Shares 2X Long USAR Daily ETFScore 56
  5. Rank 69BAAPXT-REX 2X Long Apple Daily Target ETFScore 55

Our read on each fund

ETF.net Research

TSMGALeverage Shares 2x Long TSM Daily ETF

USGGBLeverage Shares 2X Long USAR 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.

USGG No data

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.

USGG No data

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.

USGG No data

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.

USGG No data

Full TSMG profile⁠

Full USGG profile⁠

TSMG vs USGG Holdings

How TSMG and USGG differ

Overlap by weight

10.9%

Shared holdings make up 14.6% of TSMG and 10.9% of USGG.

Level by level

  • Holdings1 in both10.9%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

No Sector split for TSMG and USGG.

Country, concentration and asset class

Country by domicile

Country weights in TSMG and USGG, widest gap first
CountryMore in TSMGMore in USGG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • TSMG214.6%
  • USGG211.0%

Securities held

  • TSMG1
  • USGG1

Asset class

TSMG
Equity
USGG
Equity

Holdings

  • Only in TSMG0
  • In both1
  • Only in USGG0

Only in TSMG

0 securities, 0.0% of TSMG by weight

Only in USGG

0 securities, 0.0% of USGG by weight

Weight gaps

All 1 Holdings in both funds, largest gap first.

Holding weights in TSMG and USGG, widest gap first
HoldingMore in TSMGMore in USGG
First American Treasury Obligations Fund 01/01/2040TSMG +3.73 points

All 5 TSMG holdings⁠All 5 USGG 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 USGG Cost

Overpaying TSMG vs USGG

$174

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

  • TSMG 0.76%

    $14,656

  • USGG 0.75%

    $14,482

$10,000
30 years

Cost over time

  • TSMG 0.76%
  • USGG 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530TSMG $14,656USGG $14,482

Year by year

YearTSMGUSGGOverpaying
10$1,353$1,336$17
20$5,142$5,078$64
30$14,656$14,482$174

Expense ratio

  • 0.76%TSMG
  • 0.75%USGG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

USGG 87th cheapest of 315 funds

TSMG 131st cheapest of 315 funds

TSMG vs USGG Dividends

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

No distribution history available.

TSMG vs USGG 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 2025USGG No data
Return per unit of riskSharpe ratio, 3 years
TSMG 0.97since Feb 2025USGG No data
Worst fallMax drawdown, 5 years
TSMG −63.7%since Jan 2025USGG No data
Market sensitivityBeta, 5 years
TSMG 3.81USGG 13.56

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.

  • USGGBvsUNHGA

    Leverage Shares 2X Long USAR Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    0.75% · 0.77%
    Category
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  • TSMGAvsOKTGA

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

    Expense ratio
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    Category
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  • USGGBvsOKTGA

    Leverage Shares 2X Long USAR Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    0.75% · 0.75%
    Category
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  • 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.

  • USGGBvsPANGA

    Leverage Shares 2X Long USAR Daily ETF · Leverage Shares 2x Long PANW Daily ETF

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