BRKW vs. TSMG

Last updated Jun 26, 2026

BRKW (Roundhill BRKB WeeklyPay ETF) and TSMG (Leverage Shares 2X Long TSM Daily ETF) are both exchange-traded funds - BRKW is a Derivative Income fund actively managed by Roundhill, while TSMG is a Leveraged Equities fund actively managed by Leverage Shares. Both are actively managed. Over the past year, BRKW returned -3.41% vs 202.63% for TSMG. At a correlation of -0.20, they often move in opposite directions. BRKW charges 0.99%/yr vs 0.75%/yr for TSMG.

Performance

BRKW vs. TSMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill BRKB WeeklyPay ETF (BRKW) 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, BRKW achieves a -5.09% return, which is significantly lower than TSMG's 80.14% return.

BRKW

• 1D: -1.72%
• 1M: 0.55%
• YTD: -5.09%
• 6M: -4.87%
• 1Y: -3.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMG

• 1D: -1.97%
• 1M: 8.42%
• YTD: 80.14%
• 6M: 85.57%
• 1Y: 202.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BRKW vs. TSMG - Yearly Performance Comparison

	2026 (YTD)	2025
BRKW Roundhill BRKB WeeklyPay ETF	-5.09%	1.85%
TSMG Leverage Shares 2X Long TSM Daily ETF	80.14%	80.34%

Correlation

The correlation between BRKW 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 (1Y) Calculated over the trailing 1-year period	-0.21
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	-0.20

Return for Risk

BRKW vs. TSMG — Risk / Return Rank

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

BRKW

BRKW Risk / Return Rank: 7
BRKW Sharpe Ratio Rank: 7
BRKW Sortino Ratio Rank: 7
BRKW Omega Ratio Rank: 7
BRKW Calmar Ratio Rank: 7
BRKW Martin Ratio Rank: 7

TSMG

TSMG Risk / Return Rank: 84
TSMG Sharpe Ratio Rank: 91
TSMG Sortino Ratio Rank: 74
TSMG Omega Ratio Rank: 69
TSMG Calmar Ratio Rank: 93
TSMG Martin Ratio Rank: 91

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.

BRKW vs. TSMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill BRKB WeeklyPay ETF (BRKW) 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.

	BRKW	TSMG	Difference
Sharpe ratio: Return per unit of total volatility	-0.20	2.67	-2.87
Sortino ratio: Return per unit of downside risk	-0.16	2.89	-3.05
Omega ratio: Gain probability vs. loss probability	0.98	1.36	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.27	5.78	-6.05
Martin ratio: Return relative to average drawdown	-0.54	18.37	-18.91

BRKW vs. TSMG - Sharpe Ratio Comparison

The current BRKW Sharpe Ratio is -0.20, which is lower than the TSMG Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of BRKW 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

BRKW vs. TSMG - Drawdown Comparison

The maximum BRKW drawdown since its inception was -12.64%, smaller than the maximum TSMG drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for BRKW and TSMG.

Drawdown Indicators

	BRKW	TSMG	Difference
Max Drawdown Largest peak-to-trough decline	-12.64%	-63.67%	+51.03%
Max Drawdown (1Y) Largest decline over 1 year	-12.64%	-35.29%	+22.65%
Current Drawdown Current decline from peak	-8.12%	-13.61%	+5.49%
Average Drawdown Average peak-to-trough decline	-5.47%	-16.62%	+11.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.27%	11.08%	-4.81%

Volatility

BRKW vs. TSMG - Volatility Comparison

The current volatility for Roundhill BRKB WeeklyPay ETF (BRKW) is 4.69%, while Leverage Shares 2X Long TSM Daily ETF (TSMG) has a volatility of 32.86%. This indicates that BRKW experiences smaller price fluctuations and is considered to be less risky than TSMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRKW	TSMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.69%	32.86%	-28.17%
Volatility (6M) Calculated over the trailing 6-month period	12.75%	60.75%	-48.00%
Volatility (1Y) Calculated over the trailing 1-year period	17.21%	76.32%	-59.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.16%	83.02%	-65.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.16%	83.02%	-65.86%

BRKW vs. TSMG - Expense Ratio Comparison

BRKW has a 0.99% expense ratio, which is higher than TSMG's 0.75% expense ratio.

Dividends

BRKW vs. TSMG - Dividend Comparison

BRKW's dividend yield for the trailing twelve months is around 25.75%, more than TSMG's 6.37% yield.

Position	TTM	2025
BRKW Roundhill BRKB WeeklyPay ETF	25.75%	14.45%
TSMG Leverage Shares 2X Long TSM Daily ETF	6.37%	11.48%

Frequently Asked Questions

Can I hold both BRKW and TSMG in my portfolio?

BRKW 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 is riskier, BRKW or TSMG?

TSMG has higher volatility (32.86%) compared to BRKW (4.69%). In terms of maximum drawdown, BRKW dropped -12.64% vs TSMG's -63.67%.

Which ETF is better, BRKW or TSMG?

On 1-year performance, TSMG leads with 202.63% vs -3.41% for BRKW. On fees, TSMG is cheaper at 0.75% per year. On volatility, BRKW has been the lower-risk option at 4.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BRKW or TSMG?

Over the 1-year period, TSMG has performed better with a 202.63% return vs -3.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BRKW or TSMG?

TSMG is cheaper with a 0.75% expense ratio, compared with 0.99% for BRKW.

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

BRKW has the higher dividend yield at 25.75%, compared with 6.37% for TSMG.

What is the main difference between BRKW and TSMG?

BRKW is categorized as Derivative Income, while TSMG is Leveraged Equities. They also come from different issuers: Roundhill and Leverage Shares. Their fees differ too: 0.99% for BRKW and 0.75% for TSMG.

Which has better risk-adjusted returns?

TSMG currently has the higher Sharpe Ratio (2.67 vs -0.20), 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.