TSMX vs TWSC: which held to its multiple?
Over the days both have traded, TSMX finished 6.1 points from its stated multiple and TWSC 6.8. Direxion Daily TSM Bull 2X ETF and Corgi TSM 2x Daily ETF.
TSMX returned −0.2% while 2 times TSM's move would have been +5.9%
TWSC returned −0.9% while 2 times TSM's move would have been +5.9%
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 | TSMX | TWSC | TSMX | TWSC | TSMX | TWSC |
| 1 month | +19.6% | +19.1% | +20.3% | +20.3% | −0.7 pts | −1.2 pts |
| 3 months | −0.2% | −0.9% | +5.9% | +5.9% | −6.1 pts | −6.8 pts |
| 6 months | +55.6% | not published | +68.5% | not published | −12.9 pts | not published |
| 1 year | +106.7% | not published | +130.1% | not published | −23.4 pts | not published |
| Since launch TSMX Oct 2024 · TWSC Jun 2026 | +283.2% | −14.0% | not meaningful | −8.4% | not meaningful | −5.5 pts |
TSMX 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
TSMX and TWSC on the same fields, as of Sep 30, 2026. Source: ETFIQ.
TSMX in plain words
Three months to Sep 30, 2026: TSMX returned −0.2% where its own daily promise gave +3.0%, 3.2 points short. Read the multiple against the whole window instead and 2 times TSM's 3.0% implies +5.9%, which makes TSMX look 6.1 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. TSMX 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, TSMX or TWSC?
- Over the window to Sep 30, 2026, TSMX finished 6.1 points from what its multiple implies and TWSC finished 6.8 points from its own, so TSMX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are TSMX and TWSC levered on the same thing?
- Yes. Both are levered on Taiwan Semiconductor Manufacturing, TSMX at +2 times and TWSC at +2 times the daily move.
- Which one decays faster, TSMX or TWSC?
- Decay follows how much the underlying moves about. Over this window TSMX’s moved at 34% annualized and TWSC’s at 34%, so TSMX has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold TSMX 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.
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.
ETFIQ, TSMX against TWSC, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/tsmx-vs-twsc
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, TSMX against TWSC, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/tsmx-vs-twsc Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, TSMX against TWSC, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/tsmx-vs-twsc
- APA
- ETFIQ. (Sep 30, 2026). TSMX against TWSC. Retrieved from https://etfiq.com/compare/leverage/tsmx-vs-twsc
- Markdown
- [TSMX against TWSC (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/leverage/tsmx-vs-twsc)