{"url":"https://etfiq.com/compare/leverage/tsmu-vs-twsc","section":"compare","title":"TSMU vs TWSC: which held to its multiple? | ETFIQ","description":"TSMU sets out to return +2 times TSM each day and TWSC +2 times. Over the three months to Sep 30, 2026 they finished \u22127.4 pts and \u22126.8 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, TSMU or TWSC?","acceptedAnswer":{"@type":"Answer","text":"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."}},{"@type":"Question","name":"Are TSMU and TWSC levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Taiwan Semiconductor Manufacturing, TSMU at +2 times and TWSC at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, TSMU or TWSC?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window TSMU\u2019s moved at 34% annualized and TWSC\u2019s at 34%, so TSMU has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold TSMU or TWSC for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, TSMU or TWSC?","acceptedAnswer":{"@type":"Answer","text":"TSMU charges 1.50% a year and TWSC charges 0.45%, so TWSC is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"TSMU vs TWSC","item":"https://etfiq.com/compare/leverage/tsmu-vs-twsc"}]},{"@type":"WebPage","name":"TSMU vs TWSC: which held to its multiple?","description":"TSMU sets out to return +2 times TSM each day and TWSC +2 times. Over the three months to Sep 30, 2026 they finished \u22127.4 pts and \u22126.8 pts away.","url":"https://etfiq.com/compare/leverage/tsmu-vs-twsc","dateModified":"2026-09-30","abstract":"Over the days both have traded, TSMU finished 7.4 points from its stated multiple and TWSC 6.8.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of TSMU and TWSC","description":"TSMU sets out to return +2 times TSM each day and TWSC +2 times. Over the three months to Sep 30, 2026 they finished \u22127.4 pts and \u22126.8 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/tsmu-vs-twsc","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6611,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / TSMU vs TWSC \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n TSMU vs TWSC: which held to its multiple?\n\n Over the days both have traded, TSMU finished 7.4 points from its stated multiple and TWSC 6.8.\n Copy this for sharing \n \n GraniteShares 2x Long TSM Daily ETF and Corgi TSM 2x Daily ETF.\n\n Download as PDF \n\n \u22121.5% TSMU returned, 3 months \n \u22120.9% TWSC returned, 3 months \n \u22127.4 pts TSMU from its stated multiple \n \u22126.8 pts TWSC from its stated multiple \n\n ETFIQ Decay Resistance Score: TWSC scores higher\n Did it keep up with its ow","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/tsmu-vs-twsc","a":{"ticker":"TSMU","name":"GraniteShares 2x Long TSM Daily ETF","issuer":"GraniteShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: TSMU returned \u22121.5% where its own daily promise gave +3.0%, 4.5 points short.","url":"https://etfiq.com/funds/tsmu","key_facts":[{"label":"What TSM did","value":"+3.0%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+3.0%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u22121.5%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22124.5 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$48m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.50%","as_of":"2026-09-30","source":"485BPOS XBRL, Oct 24, 2025"}]},"b":{"ticker":"TWSC","name":"Corgi TSM 2x Daily ETF","issuer":"Corgi","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: TWSC returned \u22120.9% where its own daily promise gave +3.0%, 3.9 points short.","url":"https://etfiq.com/funds/twsc","key_facts":[{"label":"What TSM did","value":"+3.0%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+3.0%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u22120.9%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22123.9 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$515,134","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.45%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 5, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/tsmu-vs-twsc"}