# TSEG (Leverage Shares 2X Long TSEM Daily ETF)

Leverage Shares · Leveraged ETFs · data as of Sep 11, 2026

One month to Sep 11, 2026: TSEG returned −37.5% where its own daily promise gave −36.2%, 1.3 points short.

## Key facts

- TSEG, what TSEM did: −18.7%, as of Sep 11, 2026.
- TSEG, what +2 times a day gives: −36.2%, as of Sep 11, 2026.
- TSEG, what the fund returned: −37.5%, as of Sep 11, 2026.
- TSEG, the fund itself cost: −1.3 pts, as of Sep 11, 2026.
- TSEG, net assets: $1m (issuer page, as of Sep 10, 2026).
- TSEG, expense ratio: 0.99% (485BPOS XBRL, Jun 9, 2026).

## TSEG over each window to Sep 11, 2026

| Window | Fund | TSEM | +2x the move | Difference | TSEM moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −37.5% | −18.7% | −37.5% | −0.1 pts | 61% |
| Since launch | −52.0% | −21.2% | −42.5% | −9.5 pts | 92% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of TSEM, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2 times, against +2 stated | ETFIQ |
| Underlying | TSEM | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $1m | issuer page, as of Sep 10, 2026 |
| Expense ratio | 0.99% | 485BPOS XBRL, Jun 9, 2026 |
| Launched | Jun 16, 2026 | ETFIQ |
| Underlying volatility over the window | 61% annualized | ETFIQ |

## Questions

### Did TSEG return +2 times TSEM?

Over the window to Sep 11, 2026, TSEM moved −18.7% and TSEG returned −37.5%. 2 times that move is −37.5%, so the fund came out 0.1 points short of it.

### Why does TSEG not return +2 times over a year?

Because it resets daily. TSEG aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.

### Which +2x TSEM ETF tracked its stated multiple most closely?

2 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic.


## Cite this page

ETFIQ, TSEG, data as of Sep 11, 2026. https://etfiq.com/funds/TSEG
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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