AMDG vs. TSMG

Last updated Jun 4, 2026

AMDG (Leverage Shares 2X Long AMD Daily ETF) and TSMG (Leverage Shares 2X Long TSM Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. Over the past year, AMDG returned 1172.87% vs 297.71% for TSMG. A 0.57 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

AMDG vs. TSMG - Performance Comparison

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

Returns By Period

In the year-to-date period, AMDG achieves a 391.03% return, which is significantly higher than TSMG's 86.06% return.

AMDG

• 1D: 7.70%
• 1M: 134.89%
• YTD: 391.03%
• 6M: 367.32%
• 1Y: 1,172.87%
• 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)

AMDG vs. TSMG - Yearly Performance Comparison

	2026 (YTD)	2025
AMDG Leverage Shares 2X Long AMD Daily ETF	391.03%	96.98%
TSMG Leverage Shares 2X Long TSM Daily ETF	86.06%	47.08%

Correlation

The correlation between AMDG and TSMG is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (All Time) Calculated using the full available price history since Jan 27, 2025	0.57

The correlation between AMDG and TSMG has been stable across timeframes, ranging from 0.51 to 0.57 - a consistent structural relationship.

Return for Risk

AMDG vs. TSMG — Risk / Return Rank

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

AMDG

AMDG Risk / Return Rank: 96
AMDG Sharpe Ratio Rank: 99
AMDG Sortino Ratio Rank: 93
AMDG Omega Ratio Rank: 92
AMDG Calmar Ratio Rank: 99
AMDG Martin Ratio Rank: 97

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.

AMDG vs. TSMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long AMD Daily ETF (AMDG) 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.

	AMDG	TSMG	Difference
Sharpe ratio: Return per unit of total volatility	9.15	4.18	+4.97
Sortino ratio: Return per unit of downside risk	4.75	3.78	+0.96
Omega ratio: Gain probability vs. loss probability	1.63	1.46	+0.17
Calmar ratio: Return relative to maximum drawdown	20.99	8.50	+12.50
Martin ratio: Return relative to average drawdown	41.10	27.74	+13.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMDG vs. TSMG - Sharpe Ratio Comparison

The current AMDG Sharpe Ratio is 9.15, which is higher than the TSMG Sharpe Ratio of 4.18. The chart below compares the historical Sharpe Ratios of AMDG and TSMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AMDG	TSMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	9.15	4.18	+4.97
Sharpe Ratio (All Time) Calculated using the full available price history	3.36	1.69	+1.67

Drawdowns

AMDG vs. TSMG - Drawdown Comparison

The maximum AMDG drawdown since its inception was -63.04%, roughly equal to the maximum TSMG drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for AMDG and TSMG.

Drawdown Indicators

	AMDG	TSMG	Difference
Max Drawdown Largest peak-to-trough decline	-63.04%	-63.67%	+0.63%
Max Drawdown (1Y) Largest decline over 1 year	-56.48%	-35.29%	-21.19%
Current Drawdown Current decline from peak	0.00%	-4.26%	+4.26%
Average Drawdown Average peak-to-trough decline	-25.70%	-16.98%	-8.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.80%	10.79%	+18.01%

Volatility

AMDG vs. TSMG - Volatility Comparison

Leverage Shares 2X Long AMD Daily ETF (AMDG) has a higher volatility of 45.35% compared to Leverage Shares 2X Long TSM Daily ETF (TSMG) at 23.14%. This indicates that AMDG's price experiences larger fluctuations and is considered to be riskier than TSMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMDG	TSMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	45.35%	23.14%	+22.21%
Volatility (6M) Calculated over the trailing 6-month period	94.94%	55.07%	+39.87%
Volatility (1Y) Calculated over the trailing 1-year period	129.64%	71.74%	+57.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	130.26%	81.06%	+49.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	130.26%	81.06%	+49.20%

AMDG vs. TSMG - Expense Ratio Comparison

Both AMDG and TSMG have an expense ratio of 0.75%.

Dividends

AMDG vs. TSMG - Dividend Comparison

AMDG's dividend yield for the trailing twelve months is around 2.28%, less than TSMG's 6.17% yield.

Position	TTM	2025
AMDG Leverage Shares 2X Long AMD Daily ETF	2.28%	11.21%
TSMG Leverage Shares 2X Long TSM Daily ETF	6.17%	11.48%

Frequently Asked Questions

Can I hold both AMDG and TSMG in my portfolio?

AMDG and TSMG have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMDG or TSMG?

AMDG has higher volatility (45.35%) compared to TSMG (23.14%). In terms of maximum drawdown, AMDG dropped -63.04% vs TSMG's -63.67%.

Which ETF is better, AMDG or TSMG?

On 1-year performance, AMDG leads with 1172.87% vs 297.71% for TSMG. Both ETFs have the same 0.75% expense ratio. On volatility, TSMG has been the lower-risk option at 23.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMDG or TSMG?

Over the 1-year period, AMDG has performed better with a 1172.87% return vs 297.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMDG or TSMG?

AMDG and TSMG have the same expense ratio: 0.75% per year.

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

TSMG has the higher dividend yield at 6.17%, compared with 2.28% for AMDG.

Which has better risk-adjusted returns?

AMDG currently has the higher Sharpe Ratio (9.15 vs 4.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.