Data as of .
TSEG vs TSEU: which held to its multiple?
Over the days both have traded, TSEG finished 0.1 points from its stated multiple and TSEU 0.4.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| TSEG | TSEU | TSEG | TSEU | TSEG | TSEU | |
| 1 month | −37.5% | −37.1% | −37.5% | −37.5% | −0.1 pts | +0.4 pts |
| Since launch | −52.0% | −38.8% | −42.5% | −27.7% | −9.5 pts | −11.2 pts |
| TSEG Leverage Shares 2X Long TSEM Daily ETF Aims to return twice the daily move of TSEM | TSEU Tradr 2X Long TSEM Daily ETF Aims to return twice the daily move of TSEM | |
|---|---|---|
| Issuer | Leverage Shares | Tradr |
| Sets out to return | +2x | +2x |
| On | TSEM | TSEM |
| Segment | company | company |
| Fund returned, 3 months | −37.5% | −37.1% |
| Underlying returned, 3 months | −18.7% | −18.7% |
| What the stated multiple implies, 3 months | −37.5% | −37.5% |
| Difference from stated, 3 months | −0.1 pts | +0.4 pts |
| Fund returned, 1 year or since launch | −52.0% | −38.8% |
| Difference from stated, over that window | −9.5 pts | −11.2 pts |
| Underlying volatility | 61% | 61% |
| Difference over the days both have traded | −0.1 pts | +0.4 pts |
| Expense ratio | 0.99% | 1.49% |
| Launched | Jun 16, 2026 | Jul 1, 2026 |
TSEG in plain words
One month to Sep 11, 2026: TSEG returned −37.5% where its own daily promise gave −36.2%, 1.3 points short. Read the multiple against the whole window instead and +2 times TSEM's −18.7% implies −37.5%, which makes TSEG look 0.1 points short. 1.3 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. TSEG aims to return +2 times TSEM's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. TSEM moved at 61% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
TSEU in plain words
One month to Sep 11, 2026: TSEU returned −37.1% where its own daily promise gave −36.2%, 0.9 points short. Read the multiple against the whole window instead and +2 times TSEM's −18.7% implies −37.5%, which makes TSEU look 0.4 points over. TSEU aims to return +2 times TSEM's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, TSEG or TSEU?
- Over the window to Sep 11, 2026, TSEG finished 0.1 points from what its multiple implies and TSEU finished 0.4 points from its own, so TSEG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are TSEG and TSEU levered on the same thing?
- Yes. Both are levered on TSEM, TSEG at +2 times and TSEU at +2 times the daily move.
- Which one decays faster, TSEG or TSEU?
- Decay follows how much the underlying moves about. Over this window TSEG’s moved at 61% annualized and TSEU’s at 61%, so TSEG has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold TSEG or TSEU for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, TSEG or TSEU?
- TSEG charges 0.99% a year and TSEU charges 1.49%, so TSEG is cheaper. Fees come from each fund's prospectus.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, TSEG against TSEU, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/TSEG-TSEU Free to use with attribution; the underlying files are at Open data.