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

Leverage Shares · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: TSEG returned −32.4% where its own daily promise gave −29.6%, 2.9 points short.

## Key facts

- TSEG, what TSEM did: −7.3%, as of Sep 30, 2026.
- TSEG, what 2 times a day gives: −29.6%, as of Sep 30, 2026.
- TSEG, what the fund returned: −32.4%, as of Sep 30, 2026.
- TSEG, the fund itself cost: −2.9 pts, as of Sep 30, 2026.
- TSEG, net assets: $2m (issuer page, as of Sep 29, 2026).
- TSEG, expense ratio: 0.99% (485BPOS XBRL, Jun 9, 2026).

## TSEG over each window to Sep 30, 2026

| Window | Fund | TSEM | +2x the move | Difference | TSEM moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +16.3% | +10.9% | +21.8% | −5.5 pts | 70% |
| 3 months | −32.4% | −7.3% | −14.7% | −17.7 pts | 88% |
| Since launch | −46.6% | −15.3% | −30.6% | −16.0 pts | 90% |

## 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 | +4.41 times, against +2 stated | ETFIQ |
| Underlying | TSEM | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $2m | issuer page, as of Sep 29, 2026 |
| Expense ratio | 0.99% | 485BPOS XBRL, Jun 9, 2026 |
| Launched | Jun 16, 2026 | ETFIQ |
| Underlying volatility over the window | 88% annualized | ETFIQ |

## Questions

### Did TSEG return +2 times TSEM?

Over the window to Sep 30, 2026, TSEM moved −7.3% and TSEG returned −32.4%. 2 times that move is −14.7%, so the fund came out 17.7 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 figure itself.


## Cite this page

ETFIQ, TSEG, data as of Sep 30, 2026. https://etfiq.com/funds/tseg
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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