Which came closer to its stated multiple, TSEG or TSEU?

Over the window to Sep 30, 2026, TSEG finished 17.7 points from what its multiple implies and TSEU finished 16.8 points from its own, so TSEU 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 Tower Semiconductor, 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 88% annualized and TSEU’s at 88%, 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.

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TSEG vs TSEU: which held to its multiple?

Over the days both have traded, TSEG finished 17.7 points from its stated multiple and TSEU 16.8. Leverage Shares 2X Long TSEM Daily ETF and Tradr 2X Long TSEM Daily ETF.

−32.4%

TSEG returned, 3 months

−31.5%

TSEU returned, 3 months

−17.7 pts

TSEG from its stated multiple

−16.8 pts

TSEU from its stated multiple

TSEG · 3 months to Sep 30, 202617.7 pts short of its stated multiple

TSEG returned −32.4% while 2 times TSEM's move would have been −14.7%

TSEU · 3 months to Sep 30, 202616.8 pts short of its stated multiple

TSEU returned −31.5% while 2 times TSEM's move would have been −14.7%

ETFIQ Decay Resistance Score · TSEU scores higherDid it keep up with its own daily multiple, compounded day by day?

TSEG 44

TSEU 71.3

0.1, the lowest in this set99.9, the highest

A percentile among the 470 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it → How it is computed →

Performance, window by window

	Total return		Multiple would give		Difference
Window	TSEG	TSEU	TSEG	TSEU	TSEG	TSEU
1 month	+16.3%	+17.5%	+21.8%	+21.8%	−5.5 pts	−4.3 pts
3 months	−32.4%	−31.5%	−14.7%	−14.7%	−17.7 pts	−16.8 pts
Since launch TSEG Jun 2026 · TSEU Jul 2026	−46.6%	−31.5%	−30.6%	−14.7%	−16.0 pts	−16.8 pts

TSEG and TSEU over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

TSEG

Leverage Shares 2X Long TSEM Daily ETF · Aims to return twice the daily move of Tower Semiconductor (TSEM)

TSEU

Tradr 2X Long TSEM Daily ETF · Aims to return twice the daily move of Tower Semiconductor (TSEM)

Issuer Leverage Shares Tradr

Sets out to return +2x +2x

Underlying asset TSEM TSEM

Segment company company

Fund returned, 3 months or since launch −32.4% −31.5%

Underlying returned, over that window −7.3% −7.3%

What the stated multiple implies, over that window −14.7% −14.7%

Difference from stated, over that window −17.7 pts −16.8 pts

Fund returned, 1 year or since launch −46.6% −31.5%

Difference from stated, over that window −16.0 pts −16.8 pts

Underlying volatility 88% 88%

Difference over the days both have traded −17.7 pts −16.8 pts

Expense ratio 0.99% 1.49%

Launched Jun 16, 2026 Jul 1, 2026

Net assets $2m $902,997

TSEG and TSEU on the same fields, as of Sep 30, 2026. Source: ETFIQ.

TSEG in plain words

Three months to Sep 30, 2026: TSEG returned −32.4% where its own daily promise gave −29.6%, 2.9 points short. Read the multiple against the whole window instead and 2 times TSEM's −7.3% implies −14.7%, which makes TSEG look 17.7 points short. 14.9 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 88% 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

Three months to Sep 30, 2026: TSEU returned −31.5% where its own daily promise gave −29.6%, 1.9 points short. Read the multiple against the whole window instead and 2 times TSEM's −7.3% implies −14.7%, which makes TSEU look 16.8 points short. 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 30, 2026, TSEG finished 17.7 points from what its multiple implies and TSEU finished 16.8 points from its own, so TSEU 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 Tower Semiconductor, 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 88% annualized and TSEU’s at 88%, 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.

Other comparisons

TSEG on its own →TSEU on its own →How every figure is computed →Standards and sources →

Where these figures came from

TSEG filings on SEC EDGAR ↗TSEG prospectus with the expense ratio (SEC) ↗Leverage Shares website ↗TSEU filings on SEC EDGAR ↗TSEU prospectus with the expense ratio (SEC) ↗Tradr website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, TSEG against TSEU, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/tseg-vs-tseu

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.