Which came closer to its stated multiple, TSMG or TSMU?

Over the window to Sep 30, 2026, TSMG finished 6.4 points from what its multiple implies and TSMU finished 7.4 points from its own, so TSMG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are TSMG and TSMU levered on the same thing?

Yes. Both are levered on Taiwan Semiconductor Manufacturing, TSMG at +2 times and TSMU at +2 times the daily move.

Which one decays faster, TSMG or TSMU?

Decay follows how much the underlying moves about. Over this window TSMG’s moved at 34% annualized and TSMU’s at 34%, so TSMG has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold TSMG or TSMU 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, TSMG or TSMU?

TSMG charges 0.76% a year and TSMU charges 1.50%, so TSMG is cheaper. Fees come from each fund's prospectus.

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TSMG vs TSMU: which held to its multiple?

Over the days both have traded, TSMG finished 6.4 points from its stated multiple and TSMU 7.4. Leverage Shares 2X Long TSM Daily ETF and GraniteShares 2x Long TSM Daily ETF.

−0.5%

TSMG returned, 3 months

−1.5%

TSMU returned, 3 months

−6.4 pts

TSMG from its stated multiple

−7.4 pts

TSMU from its stated multiple

TSMG · 3 months to Sep 30, 20266.4 pts short of its stated multiple

TSMG returned −0.5% while 2 times TSM's move would have been +5.9%

TSMU · 3 months to Sep 30, 20267.4 pts short of its stated multiple

TSMU returned −1.5% while 2 times TSM's move would have been +5.9%

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

TSMG 31.2

TSMU 17.8

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	TSMG	TSMU	TSMG	TSMU	TSMG	TSMU
1 month	+19.1%	+18.6%	+20.3%	+20.3%	−1.1 pts	−1.7 pts
3 months	−0.5%	−1.5%	+5.9%	+5.9%	−6.4 pts	−7.4 pts
6 months	+54.8%	+51.9%	+68.5%	+68.5%	−13.7 pts	−16.6 pts
1 year	+106.5%	+97.2%	+130.1%	+130.1%	−23.6 pts	−32.8 pts
Since launch TSMG Jan 2025 · TSMU Nov 2024	+224.5%	+221.3%	not meaningful	not meaningful	not meaningful	not meaningful

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

On the same fields

TSMG

Leverage Shares 2X Long TSM Daily ETF · Aims to return twice the daily move of Taiwan Semiconductor Manufacturing (TSM)

TSMU

GraniteShares 2x Long TSM Daily ETF · Aims to return twice the daily move of Taiwan Semiconductor Manufacturing (TSM)

Issuer Leverage Shares GraniteShares

Sets out to return +2x +2x

Underlying asset TSM TSM

Segment company company

Fund returned, 3 months or since launch −0.5% −1.5%

Underlying returned, over that window +3.0% +3.0%

What the stated multiple implies, over that window +5.9% +5.9%

Difference from stated, over that window −6.4 pts −7.4 pts

Fund returned, 1 year or since launch +106.5% +97.2%

Difference from stated, over that window −23.6 pts −32.8 pts

Underlying volatility 34% 34%

Difference over the days both have traded −6.4 pts −7.4 pts

Expense ratio 0.76% 1.50%

Launched Jan 14, 2025 Nov 12, 2024

Net assets $31m $48m

TSMG and TSMU on the same fields, as of Sep 30, 2026. Source: ETFIQ.

TSMG in plain words

Three months to Sep 30, 2026: TSMG returned −0.5% where its own daily promise gave +3.0%, 3.5 points short. Read the multiple against the whole window instead and 2 times TSM's 3.0% implies +5.9%, which makes TSMG look 6.4 points short. 2.9 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. TSMG 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 34% 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.

TSMU in plain words

Three months to Sep 30, 2026: TSMU returned −1.5% where its own daily promise gave +3.0%, 4.5 points short. Read the multiple against the whole window instead and 2 times TSM's 3.0% implies +5.9%, which makes TSMU look 7.4 points short. TSMU aims to return +2 times TSM's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, TSMG or TSMU?: Over the window to Sep 30, 2026, TSMG finished 6.4 points from what its multiple implies and TSMU finished 7.4 points from its own, so TSMG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are TSMG and TSMU levered on the same thing?: Yes. Both are levered on Taiwan Semiconductor Manufacturing, TSMG at +2 times and TSMU at +2 times the daily move.
Which one decays faster, TSMG or TSMU?: Decay follows how much the underlying moves about. Over this window TSMG’s moved at 34% annualized and TSMU’s at 34%, so TSMG has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold TSMG or TSMU 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, TSMG or TSMU?: TSMG charges 0.76% a year and TSMU charges 1.50%, so TSMG is cheaper. Fees come from each fund's prospectus.

Other comparisons

TSMG vs TSMX TSMG vs TSMZ TSMG vs TWSC TSMG vs STSM TSMU vs TSMX TSMU vs TSMZ TSMU vs TWSC TSMU vs STSM

TSMG on its own →TSMU on its own →How every figure is computed →Standards and sources →

Where these figures came from

TSMG filings on SEC EDGAR ↗TSMG prospectus with the expense ratio (SEC) ↗Leverage Shares website ↗TSMU filings on SEC EDGAR ↗TSMU prospectus with the expense ratio (SEC) ↗GraniteShares page for TSMU ↗

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, TSMG against TSMU, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/tsmg-vs-tsmu

Open data

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