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

Over the window to Sep 30, 2026, TSMU finished 7.4 points from what its multiple implies and TWSC finished 6.8 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 Taiwan Semiconductor Manufacturing, 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 34% annualized and TWSC’s at 34%, 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.

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TSMU vs TWSC: which held to its multiple?

Over the days both have traded, TSMU finished 7.4 points from its stated multiple and TWSC 6.8. GraniteShares 2x Long TSM Daily ETF and Corgi TSM 2x Daily ETF.

−1.5%

TSMU returned, 3 months

−0.9%

TWSC returned, 3 months

−7.4 pts

TSMU from its stated multiple

−6.8 pts

TWSC from its stated multiple

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%

TWSC · 3 months to Sep 30, 20266.8 pts short of its stated multiple

TWSC returned −0.9% while 2 times TSM's move would have been +5.9%

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

TSMU 17.8

TWSC 25.2

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	TSMU	TWSC	TSMU	TWSC	TSMU	TWSC
1 month	+18.6%	+19.1%	+20.3%	+20.3%	−1.7 pts	−1.2 pts
3 months	−1.5%	−0.9%	+5.9%	+5.9%	−7.4 pts	−6.8 pts
6 months	+51.9%	not published	+68.5%	not published	−16.6 pts	not published
1 year	+97.2%	not published	+130.1%	not published	−32.8 pts	not published
Since launch TSMU Nov 2024 · TWSC Jun 2026	+221.3%	−14.0%	not meaningful	−8.4%	not meaningful	−5.5 pts

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

On the same fields

TSMU

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

TWSC

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

Issuer GraniteShares Corgi

Sets out to return +2x +2x

Underlying asset TSM TSM

Segment company company

Fund returned, 3 months or since launch −1.5% −0.9%

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 −7.4 pts −6.8 pts

Fund returned, 1 year or since launch +97.2% −14.0%

Difference from stated, over that window −32.8 pts −5.5 pts

Underlying volatility 34% 34%

Difference over the days both have traded −7.4 pts −6.8 pts

Expense ratio 1.50% 0.45%

Launched Nov 12, 2024 Jun 30, 2026

Net assets $48m $515,134

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

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. 2.9 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 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.

TWSC in plain words

Three months to Sep 30, 2026: TWSC returned −0.9% where its own daily promise gave +3.0%, 3.9 points short. Read the multiple against the whole window instead and 2 times TSM's 3.0% implies +5.9%, which makes TWSC look 6.8 points short. TWSC aims to return +2 times TSM's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, TSMU or TWSC?: Over the window to Sep 30, 2026, TSMU finished 7.4 points from what its multiple implies and TWSC finished 6.8 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 Taiwan Semiconductor Manufacturing, 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 34% annualized and TWSC’s at 34%, 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

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

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

Where these figures came from

TSMU filings on SEC EDGAR ↗TSMU prospectus with the expense ratio (SEC) ↗GraniteShares page for TSMU ↗TWSC filings on SEC EDGAR ↗TWSC prospectus with the expense ratio (SEC) ↗Corgi 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, TSMU against TWSC, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/tsmu-vs-twsc

Open data

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