- CUSIP
- 38747R652
- Issuer
- GraniteShares
- Inception Date
- Nov 11, 2024
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Assets Under Management
- $63M
Share Price Chart
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Performance
TSMU Performance Chart
GraniteShares 2x Long TSM Daily ETF (TSMU) is up 76.8% since the beginning of the year. TSMU is currently trading at $78 per share.
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Returns By Period
GraniteShares 2x Long TSM Daily ETF (TSMU) has returned 76.82% so far this year and 224.68% over the past 12 months.
GraniteShares 2x Long TSM Daily ETF
- 1D
- -13.58%
- 1M
- 12.60%
- YTD
- 76.82%
- 6M
- 84.23%
- 1Y
- 224.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
TSMU Monthly Returns History
Based on dividend-adjusted daily data since Nov 12, 2024, TSMU's average daily return is +0.43%, while the average monthly return is +7.72%. At this rate, an investment would double in approximately 0.8 years.
Historically, 65% of months were positive and 35% were negative. The best month was Sep 2025 with a return of +43.9%, while the worst month was Feb 2025 at -27.0%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 3 months.
On a daily basis, TSMU closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +24.5%, while the worst single day was Jan 27, 2025 at -26.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 15.93% | 25.16% | -20.64% | 33.17% | 9.81% | 5.01% | 76.82% | ||||||
| 2025 | 6.02% | -27.01% | -17.06% | -3.81% | 30.84% | 36.30% | 11.47% | -10.51% | 43.93% | 12.07% | -7.97% | 7.24% | 74.83% |
| 2024 | -7.85% | 12.37% | 3.55% |
Benchmark Metrics
GraniteShares 2x Long TSM Daily ETF has an annualized alpha of 81.08%, beta of 3.34, and R2 of 0.48 versus S&P 500 Index. Calculated based on daily prices since November 12, 2024.
- This ETF captured 682.65% of S&P 500 Index gains and 146.27% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.48 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 81.08%
- Beta
- 3.34
- R²
- 0.48
- Upside Capture
- 682.65%
- Downside Capture
- 146.27%
Expense Ratio
TSMU has a high expense ratio of 1.50%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
TSMU ranks 84 for risk / return — in the top 84% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for GraniteShares 2x Long TSM Daily ETF (TSMU) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TSMU | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.32 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 6.43 | 2.46 | +3.97 |
| Martin ratioReturn relative to average drawdown | 20.44 | 10.92 | +9.52 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the GraniteShares 2x Long TSM Daily ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the GraniteShares 2x Long TSM Daily ETF was 63.73%, occurring on Apr 8, 2025. Recovery took 68 trading sessions.
The current GraniteShares 2x Long TSM Daily ETF drawdown is 13.58%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -63.73%Apr 2025 | 2mo 14d | 3mo 10d | 5mo 24dJan 2025 - Jul 2025 |
2026 bear market2026 | -35.18%Mar 2026 | 1mo 2d | 25d | 1mo 27dFeb 2026 - Apr 2026 |
2025 bear market2025 | -21.65%Dec 2025 | 2mo 9d | 16d | 2mo 25dOct 2025 - Jan 2026 |
2026 correction2026 | -17.22%Jun 2026 | 7d | 8d | 15dJun 2026 - Jun 2026 |
2025 correction2025 | -17.03%Jan 2025 | 6d | 9d | 15dJan 2025 - Jan 2025 |
Drawdown Indicators
| TSMU | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.73% | -56.78% | -6.95% |
Max Drawdown (1Y)Largest decline over 1 year | -35.18% | -9.10% | -26.08% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -13.58% | -3.21% | -10.37% |
Average DrawdownAverage peak-to-trough decline | -15.71% | -10.71% | -5.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.05% | 2.04% | +9.01% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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