TSMG +2x Leverage Shares 2X Long TSM Daily ETF

TSMG

ETF +2x BULL standard
Leverage Shares 2X Long TSM Daily ETF
Issuer: Leverage Shares · Tracks: TSM · Listed: 2025-01-13
Implied AUM
$30.9M
Last Close
$35.53
20260720
30d Avg Vol
109,000
Options
available
Realized return vs theoretical +2x TSM
Other leveraged products tracking TSM
Symbol Factor Direction Issuer Name Implied AUM 30d Vol Options
TSMX +2x BULL Direxion Direxion Shares ETF Trust Direxion Daily TSM Bull 2X ETF $651.1M 1,013,082
TSMU +2x BULL GraniteShares GraniteShares 2x Long TSM Daily ETF $60.8M 94,169

How TSMG works

TSMG targets +2x the daily return of TSM — not the cumulative return over multi-day windows. The fund rebalances at the close each day using swaps or futures, which is what creates the volatility drag the chart above visualizes.

Mathematical headline: drag ≈ −0.5 × N × (N−1) × σ² per period. For a +2x product on an underlying with 25% annualized vol, expected annual drag is around 6.2%. Add expense ratio and the realized number is typically worse.

  • Short-term tactical: daily and intraday holds are where these products were designed to live.
  • Premium selling: options on TSMG carry very rich IV — see the quote page for IV rank and straddle pricing.
  • Multi-day directional: works in strong trends; gets eaten alive in chop. Use the chart above to gauge the realized vs theoretical track record.