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TSMG vs WDCX

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Tradr 2X Long WDC Daily ETF

WDCXCCboe

Overlap

Expense ratio

TSMG −0.73pt a year

TSMG0.76%WDCX1.49%

Avg volume · 30D

WDCX 35.5×the volume

TSMG68.1KWDCX2.42M

TSMG vs WDCX Performance

Aug 7, 2026 – Nov 9, 2026

−20.0%TSMG−63.6%WDCX

Aug 7, 2026 to Nov 9, 2026. TSMG −20.0%. WDCX −63.6%. Use the arrow keys to read each point.−50%0%25%50%Aug 2026Sep 2026Nov 2026
Expense ratio
TSMG 0.76%, better
WDCX 1.49%
Fund size
TSMG $24M
WDCX $47M
1Y total return
TSMG +40.3%
WDCX No data
Holdings
TSMG 6
WDCX 1
Avg volume (30D)
TSMG 68.1K sh
WDCX 2.42M sh, better
NAV per share
TSMG $28.23
WDCX $5.14
52W range

ETF.net Grade

TSMG: Cost 70, Risk 82, Mission 75, Tradability 76, Holdings not scored, Durability 66. WDCX: Cost 12, Risk 47, Mission 86, Tradability 82, Holdings not scored, Durability 65.
Pillar letters and Scores for TSMG, WDCX, with each pillar’s weight
PillarTSMGWDCX
Cost30% weightA70HigherF12
Mission25% weightA75A86Higher
Risk15% weightA82HigherC47
Tradability15% weightA76A82Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB66HigherB65

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 WDCX 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 WDCX 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 124CWDCCCorgi WDC 2x Daily ETFScore 40
  5. Rank 124CWDCXTradr 2X Long WDC Daily ETFScore 40
  6. Rank 124CXAGICorgi AGIX 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

TSMGALeverage Shares 2x Long TSM Daily ETF

WDCXCTradr 2X Long WDC 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.

WDCX Western Digital spun off SanDisk in 2025 and became a hard-drive pure play on AI-era storage. WDCX doubles that one stock's daily move and resets the leverage every night. A focused trading tool, priced above most 2x single-stock funds.

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.

WDCX The fund seeks daily investment results, before fees and expenses, equal to two times the daily performance of Western Digital Corp.'s 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.
  • WDCX One job, stated plainly: two times Western Digital's daily move. No margin account, no options chain, no positions to roll.tradretfs.com
  • Since the February 2025 SanDisk separation, Western Digital is a high-capacity hard-drive business, so this is amplified exposure to one narrow slice of storage rather than a mixed bag.sec.gov
  • It trades actively, which tends to mean less bid-ask friction than you find in the thinnest corners of the leveraged single-stock aisle.

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.
  • WDCX 1.49% a year sits above the roughly 1% median for 2x single-stock funds. Peers like UNHG (0.75%) and GGLL (0.96%) charge less, though neither tracks WDC.
  • Leverage resets daily. Hold past one session and you own compounded daily moves, a path that choppy, back-and-forth markets can grind down.
  • One stock, doubled: every earnings gap and storage-cycle headline hits twice as hard. The fund launched in 2026, so its track record is short.

Full TSMG profile⁠

Full WDCX profile⁠

TSMG vs WDCX 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 WDCX Cost

Overpaying WDCX vs TSMG

$11,485

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

  • TSMG 0.76%

    $14,656

  • WDCX 1.49%

    $26,141

$10,000
30 years

Cost over time

  • TSMG 0.76%
  • WDCX 1.49%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530WDCX $26,141TSMG $14,656

Year by year

YearTSMGWDCXOverpaying
10$1,353$2,574$1,221
20$5,142$9,464$4,322
30$14,656$26,141$11,485

Expense ratio

  • 0.76%TSMG, cheaper
  • 1.49%WDCX
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 312 funds

WDCX 263rd cheapest of 312 funds

TSMG vs WDCX Dividends

Last 12 months to Nov 9, 2026
Payout (12M)
TSMG No data
WDCX None
Last payment
TSMG $2.73
WDCX No data
Ex-dividend
TSMG Dec 30, 2025
WDCX No data
Paid on
TSMG Jan 2, 2026
WDCX No data
Frequency
TSMG Irregular
WDCX 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
WDCXAll WDCX payments⁠

No distribution history available.

TSMG vs WDCX 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 2025WDCX No data
Return per unit of riskSharpe ratio, 3 years
TSMG 0.97since Feb 2025WDCX No data
Worst fallMax drawdown, 5 years
TSMG −63.7%since Jan 2025WDCX No data
Market sensitivityBeta, 5 years
TSMG 3.98WDCX 9.73

Popular comparisons

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

    Expense ratio
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    Category
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