Which came closer to its stated multiple, TSMZ or TWSC?

Over the window to Sep 11, 2026, TSMZ finished 3.4 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 TSMZ and TWSC levered on the same thing?

Yes. Both are levered on TSM, TSMZ at -1 times and TWSC at +2 times the daily move.

Which one decays faster, TSMZ or TWSC?

Decay follows how much the underlying moves about. Over this window TSMZ’s moved at 45% annualized and TWSC’s at 26%, so TSMZ has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold TSMZ 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.

ETFIQetfiq.com · independent ETF data

Data as of Sep 11, 2026.

TSMZ vs TWSC: which held to its multiple?

Over a month against its own daily promise, TSMZ finished 0.5 points over and TWSC 0.8 points short.

Direxion Daily TSM Bear 1X ETF and Corgi TSM 2x Daily ETF, side by side, leveraged ETFs on ETFIQ.

−5.6%TSMZ returned, 3 months

−22.1%TWSC returned, 3 months

−3.4 ptsTSMZ from its stated multiple

−3.5 ptsTWSC from its stated multiple

TSMZ3.4 pts short of its label · 3 months to Sep 11, 2026

TWSC1.4 pts short of its label · 1 month to Sep 11, 2026

Performance, window by window

TSMZ and TWSC over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
Window	Total return		Multiple would give		Difference
Window	TSMZ	TWSC	TSMZ	TWSC	TSMZ	TWSC
1 month	−1.0%	+0.6%	−0.9%	+1.9%	0.0 pts	−1.4 pts
3 months	−5.6%	not published	−2.2%	not published	−3.4 pts	not published
6 months	−27.4%	not published	−28.7%	not published	+1.3 pts	not published
1 year	−46.6%	not published	−69.1%	not published	+22.5 pts	not published
Since launch	−66.9%	−22.1%	not meaningful	−18.6%	not meaningful	−3.5 pts

Open the live comparison on ETFIQ

TSMZ and TWSC on the same fields, as of Sep 11, 2026. Source: ETFIQ.
	TSMZ Direxion Daily TSM Bear 1X ETF Aims to return 1 times the opposite of the daily move of TSM	TWSC Corgi TSM 2x Daily ETF Aims to return twice the daily move of TSM
Issuer	Direxion	Corgi
Sets out to return	-1x	+2x
On	TSM	TSM
Segment	company	company
Fund returned, 3 months	−5.6%	+0.6%
Underlying returned, 3 months	+2.2%	+0.9%
What the stated multiple implies, 3 months	−2.2%	+1.9%
Difference from stated, 3 months	−3.4 pts	−1.4 pts
Fund returned, 1 year or since launch	−46.6%	−22.1%
Difference from stated, over that window	+22.5 pts	−3.5 pts
Underlying volatility	45%	26%
Difference over the days both have traded	no shared window	−1.4 pts
Expense ratio	not published	0.45%
Launched	Oct 3, 2024	Jun 30, 2026

TSMZ in plain words

Three months to Sep 11, 2026: TSMZ returned −5.6% where its own daily promise gave −6.8%, 1.2 points over. Read the multiple against the whole window instead and −1 times TSM's 2.2% implies −2.2%, which makes TSMZ look 3.4 points short. 4.6 of that is daily compounding, which happens to any −1 times fund over the same path, and the rest is the fund. TSMZ aims to return -1 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 -1 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. 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 26% annualized over that window.

Questions people ask

Which came closer to its stated multiple, TSMZ or TWSC?: Over the window to Sep 11, 2026, TSMZ finished 3.4 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 TSMZ and TWSC levered on the same thing?: Yes. Both are levered on TSM, TSMZ at -1 times and TWSC at +2 times the daily move.
Which one decays faster, TSMZ or TWSC?: Decay follows how much the underlying moves about. Over this window TSMZ’s moved at 45% annualized and TWSC’s at 26%, so TSMZ has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold TSMZ 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.

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.

TSMZ against TWSC, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, TSMZ against TWSC, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/TSMZ-TWSC Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources