{"url":"https://etfiq.com/compare/leverage/tsmz-vs-twsc","section":"compare","title":"TSMZ vs TWSC: which held to its multiple? | ETFIQ","description":"TSMZ sets out to return -1 times TSM each day and TWSC +2 times. Over the three months to Sep 30, 2026 they finished \u22121.2 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, TSMZ or TWSC?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, TSMZ finished 1.2 points from what its multiple implies and TWSC finished 6.8 points from its own, so TSMZ came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are TSMZ and TWSC levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Taiwan Semiconductor Manufacturing, TSMZ at -1 times and TWSC at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, TSMZ or TWSC?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window TSMZ\u2019s moved at 34% annualized and TWSC\u2019s at 34%, so TSMZ has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold TSMZ 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, TSMZ or TWSC?","acceptedAnswer":{"@type":"Answer","text":"TSMZ charges 1.01% 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":"TSMZ vs TWSC","item":"https://etfiq.com/compare/leverage/tsmz-vs-twsc"}]},{"@type":"WebPage","name":"TSMZ vs TWSC: which held to its multiple?","description":"TSMZ sets out to return -1 times TSM each day and TWSC +2 times. Over the three months to Sep 30, 2026 they finished \u22121.2 pts and \u22126.8 pts away.","url":"https://etfiq.com/compare/leverage/tsmz-vs-twsc","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, TSMZ finished 1.5 points over and TWSC 3.9 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of TSMZ and TWSC","description":"TSMZ sets out to return -1 times TSM each day and TWSC +2 times. Over the three months to Sep 30, 2026 they finished \u22121.2 pts and \u22126.8 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/tsmz-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":7173,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / TSMZ vs TWSC \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n TSMZ vs TWSC: which held to its multiple?\n\n Over three months against its own daily promise, TSMZ finished 1.5 points over and TWSC 3.9 points short.\n Copy this for sharing \n \n Direxion Daily TSM Bear 1X ETF and Corgi TSM 2x Daily ETF.\n\n Download as PDF \n\n \u22124.2% TSMZ returned, 3 months \n \u22120.9% TWSC returned, 3 months \n \u22121.2 pts TSMZ from its stated multiple \n \u22126.8 pts TWSC from its stated multiple \n\n ETFIQ Decay Resistance Score: TSMZ scores higher\n Did it keep up with i","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/tsmz-vs-twsc","a":{"ticker":"TSMZ","name":"Direxion Daily TSM Bear 1X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: TSMZ returned \u22124.2% where its own daily promise gave \u22125.7%, 1.5 points over.","url":"https://etfiq.com/funds/tsmz","key_facts":[{"label":"What TSM did","value":"+3.0%","as_of":"2026-09-30","source":null},{"label":"What \u22121 times a day gives","value":"\u22125.7%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u22124.2%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+1.5 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$3m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.01%","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/tsmz-vs-twsc"}