ADBU vs. TSMG

Last updated Jun 4, 2026

ADBU (Direxion Daily ADBE Bull 2X ETF) and TSMG (Leverage Shares 2X Long TSM Daily ETF) are both Leveraged Equities funds. ADBU is passively managed, while TSMG is actively managed. At a correlation of -0.21, they often move in opposite directions. ADBU charges 0.97%/yr vs 0.75%/yr for TSMG.

Performance

ADBU vs. TSMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily ADBE Bull 2X ETF (ADBU) and Leverage Shares 2X Long TSM Daily ETF (TSMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ADBU

• 1D: -4.40%
• 1M: -0.73%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMG

• 1D: -4.26%
• 1M: 15.77%
• YTD: 86.06%
• 6M: 95.35%
• 1Y: 297.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ADBU vs. TSMG - Yearly Performance Comparison

	2026 (YTD)
ADBU Direxion Daily ADBE Bull 2X ETF	9.96%
TSMG Leverage Shares 2X Long TSM Daily ETF	49.59%

Correlation

The correlation between ADBU and TSMG is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026	-0.21

Return for Risk

ADBU vs. TSMG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TSMG

TSMG Risk / Return Rank: 89
TSMG Sharpe Ratio Rank: 96
TSMG Sortino Ratio Rank: 83
TSMG Omega Ratio Rank: 76
TSMG Calmar Ratio Rank: 95
TSMG Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADBU vs. TSMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily ADBE Bull 2X ETF (ADBU) and Leverage Shares 2X Long TSM Daily ETF (TSMG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ADBU	TSMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.18	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	1.69	-0.97

Drawdowns

ADBU vs. TSMG - Drawdown Comparison

The maximum ADBU drawdown since its inception was -16.09%, smaller than the maximum TSMG drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for ADBU and TSMG.

Drawdown Indicators

	ADBU	TSMG	Difference
Max Drawdown Largest peak-to-trough decline	-16.09%	-63.67%	+47.58%
Max Drawdown (1Y) Largest decline over 1 year	—	-35.29%	—
Current Drawdown Current decline from peak	-12.99%	-4.26%	-8.73%
Average Drawdown Average peak-to-trough decline	-6.33%	-16.98%	+10.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.79%	—

Volatility

Volatility by Period

	ADBU	TSMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	23.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	55.07%	—
Volatility (1Y) Calculated over the trailing 1-year period	90.05%	71.74%	+18.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.05%	81.06%	+8.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.05%	81.06%	+8.99%

ADBU vs. TSMG - Expense Ratio Comparison

ADBU has a 0.97% expense ratio, which is higher than TSMG's 0.75% expense ratio.

Dividends

ADBU vs. TSMG - Dividend Comparison

ADBU has not paid dividends to shareholders, while TSMG's dividend yield for the trailing twelve months is around 6.17%.

Position	TTM	2025
ADBU Direxion Daily ADBE Bull 2X ETF	0.00%	0.00%
TSMG Leverage Shares 2X Long TSM Daily ETF	6.17%	11.48%

Frequently Asked Questions

Can I hold both ADBU and TSMG in my portfolio?

ADBU and TSMG have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ADBU or TSMG?

On fees, TSMG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ADBU or TSMG?

TSMG is cheaper with a 0.75% expense ratio, compared with 0.97% for ADBU.

Which ETF pays a higher dividend yield, ADBU or TSMG?

TSMG has the higher dividend yield at 6.17%, compared with 0.00% for ADBU.

What is the main difference between ADBU and TSMG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.97% for ADBU and 0.75% for TSMG.