Data as of .
TSMU vs TWSC: which held to its multiple?
Over the days both have traded, TSMU finished 2.0 points from its stated multiple and TWSC 1.4.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| TSMU | TWSC | TSMU | TWSC | TSMU | TWSC | |
| 1 month | −0.1% | +0.6% | +1.9% | +1.9% | −2.0 pts | −1.4 pts |
| 3 months | −4.2% | not published | +4.4% | not published | −8.6 pts | not published |
| 6 months | +39.0% | not published | +57.4% | not published | −18.4 pts | not published |
| 1 year | +107.1% | not published | +138.3% | not published | −31.1 pts | not published |
| Since launch | +191.7% | −22.1% | not meaningful | −18.6% | not meaningful | −3.5 pts |
| TSMU GraniteShares 2x Long TSM Daily ETF Aims to return twice the daily move of TSM | TWSC Corgi TSM 2x Daily ETF Aims to return twice the daily move of TSM | |
|---|---|---|
| Issuer | GraniteShares | Corgi |
| Sets out to return | +2x | +2x |
| On | TSM | TSM |
| Segment | company | company |
| Fund returned, 3 months | −4.2% | +0.6% |
| Underlying returned, 3 months | +2.2% | +0.9% |
| What the stated multiple implies, 3 months | +4.4% | +1.9% |
| Difference from stated, 3 months | −8.6 pts | −1.4 pts |
| Fund returned, 1 year or since launch | +107.1% | −22.1% |
| Difference from stated, over that window | −31.1 pts | −3.5 pts |
| Underlying volatility | 45% | 26% |
| Difference over the days both have traded | −2.0 pts | −1.4 pts |
| Expense ratio | 1.50% | 0.45% |
| Launched | Nov 12, 2024 | Jun 30, 2026 |
TSMU in plain words
Three months to Sep 11, 2026: TSMU returned −4.2% where its own daily promise gave −0.5%, 3.7 points short. Read the multiple against the whole window instead and +2 times TSM's 2.2% implies +4.4%, which makes TSMU look 8.6 points short. 4.9 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. TSMU aims to return +2 times TSM'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. TSM moved at 45% 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.
TWSC in plain words
One month to Sep 11, 2026: TWSC returned +0.6% where its own daily promise gave +1.3%, 0.8 points short. Read the multiple against the whole window instead and +2 times TSM's 0.9% implies +1.9%, which makes TWSC look 1.4 points short. 0.6 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. TWSC aims to return +2 times TSM's move each day, then resets. TSM moved at 26% annualized over that window.
Questions people ask
- Which came closer to its stated multiple, TSMU or TWSC?
- Over the window to Sep 11, 2026, TSMU finished 8.6 points from what its multiple implies and TWSC finished 1.4 points from its own, so TWSC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are TSMU and TWSC levered on the same thing?
- Yes. Both are levered on TSM, TSMU at +2 times and TWSC at +2 times the daily move.
- Which one decays faster, TSMU or TWSC?
- Decay follows how much the underlying moves about. Over this window TSMU’s moved at 45% annualized and TWSC’s at 26%, so TSMU has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold TSMU or TWSC 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, TSMU or TWSC?
- TSMU charges 1.50% a year and TWSC charges 0.45%, so TWSC is cheaper. Fees come from each fund's prospectus.
Other comparisons
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, TSMU against TWSC, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/TSMU-TWSC Free to use with attribution; the underlying files are at Open data.