{"url":"https://etfiq.com/compare/leverage/tsmx-vs-twsc","section":"compare","title":"TSMX vs TWSC: which held to its multiple? | ETFIQ","description":"TSMX sets out to return +2 times TSM each day and TWSC +2 times. Over the three months to Sep 30, 2026 they finished \u22126.1 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, TSMX or TWSC?","acceptedAnswer":{"@type":"Answer","text":"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."}},{"@type":"Question","name":"Are TSMX and TWSC levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Taiwan Semiconductor Manufacturing, TSMX at +2 times and TWSC at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, TSMX or TWSC?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window TSMX\u2019s moved at 34% annualized and TWSC\u2019s at 34%, so TSMX has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold TSMX 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, TSMX or TWSC?","acceptedAnswer":{"@type":"Answer","text":"TSMX charges 0.99% 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":"TSMX vs TWSC","item":"https://etfiq.com/compare/leverage/tsmx-vs-twsc"}]},{"@type":"WebPage","name":"TSMX vs TWSC: which held to its multiple?","description":"TSMX sets out to return +2 times TSM each day and TWSC +2 times. Over the three months to Sep 30, 2026 they finished \u22126.1 pts and \u22126.8 pts away.","url":"https://etfiq.com/compare/leverage/tsmx-vs-twsc","dateModified":"2026-09-30","abstract":"Over the days both have traded, TSMX finished 6.1 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 TSMX and TWSC","description":"TSMX sets out to return +2 times TSM each day and TWSC +2 times. Over the three months to Sep 30, 2026 they finished \u22126.1 pts and \u22126.8 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/tsmx-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":6587,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / TSMX vs TWSC \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n TSMX vs TWSC: which held to its multiple?\n\n Over the days both have traded, TSMX finished 6.1 points from its stated multiple and TWSC 6.8.\n Copy this for sharing \n \n Direxion Daily TSM Bull 2X ETF and Corgi TSM 2x Daily ETF.\n\n Download as PDF \n\n \u22120.2% TSMX returned, 3 months \n \u22120.9% TWSC returned, 3 months \n \u22126.1 pts TSMX from its stated multiple \n \u22126.8 pts TWSC from its stated multiple \n\n ETFIQ Decay Resistance Score: TSMX scores higher\n Did it keep up with its own dai","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/tsmx-vs-twsc","a":{"ticker":"TSMX","name":"Direxion Daily TSM Bull 2X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: TSMX returned \u22120.2% where its own daily promise gave +3.0%, 3.2 points short.","url":"https://etfiq.com/funds/tsmx","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":"\u22120.2%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22123.2 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$571m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.99%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"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/tsmx-vs-twsc"}