AMUU vs. TSMG

Last updated Jun 24, 2026

AMUU (Direxion Daily AMD Bull 2X Shares) and TSMG (Leverage Shares 2X Long TSM Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, AMUU returned 833.67% vs 241.80% for TSMG. A 0.59 correlation means they provide meaningful diversification when combined. AMUU charges 0.97%/yr vs 0.75%/yr for TSMG.

Performance

AMUU vs. TSMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily AMD Bull 2X Shares (AMUU) 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, AMUU achieves a 331.08% return, which is significantly higher than TSMG's 80.39% return.

AMUU

• 1D: -12.04%
• 1M: 15.60%
• YTD: 331.08%
• 6M: 327.10%
• 1Y: 833.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMG

• 1D: -13.49%
• 1M: 12.90%
• YTD: 80.39%
• 6M: 88.25%
• 1Y: 241.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMUU vs. TSMG - Yearly Performance Comparison

	2026 (YTD)	2025
AMUU Direxion Daily AMD Bull 2X Shares	331.08%	153.20%
TSMG Leverage Shares 2X Long TSM Daily ETF	80.39%	71.52%

Correlation

The correlation between AMUU and TSMG is 0.54, 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	0.54
Correlation (All Time) Calculated using the full available price history since Feb 12, 2025	0.59

The correlation between AMUU and TSMG has been stable across timeframes, ranging from 0.54 to 0.59 - a consistent structural relationship.

Return for Risk

AMUU vs. TSMG — Risk / Return Rank

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

AMUU

AMUU Risk / Return Rank: 95
AMUU Sharpe Ratio Rank: 99
AMUU Sortino Ratio Rank: 91
AMUU Omega Ratio Rank: 89
AMUU Calmar Ratio Rank: 98
AMUU Martin Ratio Rank: 95

TSMG

TSMG Risk / Return Rank: 85
TSMG Sharpe Ratio Rank: 93
TSMG Sortino Ratio Rank: 75
TSMG Omega Ratio Rank: 70
TSMG Calmar Ratio Rank: 94
TSMG Martin Ratio Rank: 92

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.

AMUU vs. TSMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMD Bull 2X Shares (AMUU) 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.

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.

	AMUU	TSMG	Difference
Sharpe ratio: Return per unit of total volatility	6.25	3.17	+3.08
Sortino ratio: Return per unit of downside risk	4.07	3.15	+0.92
Omega ratio: Gain probability vs. loss probability	1.53	1.39	+0.14
Calmar ratio: Return relative to maximum drawdown	14.95	6.90	+8.05
Martin ratio: Return relative to average drawdown	29.04	22.04	+7.00

AMUU vs. TSMG - Sharpe Ratio Comparison

The current AMUU Sharpe Ratio is 6.25, which is higher than the TSMG Sharpe Ratio of 3.17. The chart below compares the historical Sharpe Ratios of AMUU 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.

Drawdowns

AMUU vs. TSMG - Drawdown Comparison

The maximum AMUU drawdown since its inception was -56.47%, smaller than the maximum TSMG drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for AMUU and TSMG.

Drawdown Indicators

	AMUU	TSMG	Difference
Max Drawdown Largest peak-to-trough decline	-56.47%	-63.67%	+7.20%
Max Drawdown (1Y) Largest decline over 1 year	-56.31%	-35.29%	-21.02%
Current Drawdown Current decline from peak	-12.61%	-13.49%	+0.88%
Average Drawdown Average peak-to-trough decline	-22.47%	-16.65%	-5.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.93%	11.03%	+17.90%

Volatility

AMUU vs. TSMG - Volatility Comparison

Direxion Daily AMD Bull 2X Shares (AMUU) has a higher volatility of 48.61% compared to Leverage Shares 2X Long TSM Daily ETF (TSMG) at 33.00%. This indicates that AMUU'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

	AMUU	TSMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	48.61%	33.00%	+15.61%
Volatility (6M) Calculated over the trailing 6-month period	102.27%	60.76%	+41.51%
Volatility (1Y) Calculated over the trailing 1-year period	134.66%	76.78%	+57.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	133.57%	83.21%	+50.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	133.57%	83.21%	+50.36%

AMUU vs. TSMG - Expense Ratio Comparison

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

Dividends

AMUU vs. TSMG - Dividend Comparison

AMUU's dividend yield for the trailing twelve months is around 3.24%, less than TSMG's 6.37% yield.

Position	TTM	2025
AMUU Direxion Daily AMD Bull 2X Shares	3.24%	13.58%
TSMG Leverage Shares 2X Long TSM Daily ETF	6.37%	11.48%

Frequently Asked Questions

Can I hold both AMUU and TSMG in my portfolio?

AMUU and TSMG have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMUU or TSMG?

AMUU has higher volatility (48.61%) compared to TSMG (33.00%). In terms of maximum drawdown, AMUU dropped -56.47% vs TSMG's -63.67%.

Which ETF is better, AMUU or TSMG?

On 1-year performance, AMUU leads with 833.67% vs 241.80% for TSMG. On fees, TSMG is cheaper at 0.75% per year. On volatility, TSMG has been the lower-risk option at 33.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMUU or TSMG?

Over the 1-year period, AMUU has performed better with a 833.67% return vs 241.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMUU or TSMG?

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

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

TSMG has the higher dividend yield at 6.37%, compared with 3.24% for AMUU.

What is the main difference between AMUU and TSMG?

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

Which has better risk-adjusted returns?

AMUU currently has the higher Sharpe Ratio (6.25 vs 3.17), 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.