GLGG vs. TSMG
GLGG (Leverage Shares 2X Long GLXY Daily ETF) and TSMG (Leverage Shares 2X Long TSM Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. GLGG charges 0.76%/yr vs 0.75%/yr for TSMG.
Performance
GLGG vs. TSMG - Performance Comparison
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Returns By Period
In the year-to-date period, GLGG achieves a 1.59% return, which is significantly lower than TSMG's 92.52% return.
GLGG
- 1D
- -0.43%
- 1M
- -16.56%
- YTD
- 1.59%
- 6M
- -37.71%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSMG
- 1D
- 3.47%
- 1M
- 24.82%
- YTD
- 92.52%
- 6M
- 104.85%
- 1Y
- 292.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLGG vs. TSMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLGG Leverage Shares 2X Long GLXY Daily ETF | 1.59% | -36.55% |
TSMG Leverage Shares 2X Long TSM Daily ETF | 92.52% | 66.32% |
Correlation
The correlation between GLGG and TSMG is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 22, 2025 | 0.44 |
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Return for Risk
GLGG vs. TSMG — Risk / Return Rank
GLGG
TSMG
GLGG vs. TSMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long GLXY Daily ETF (GLGG) 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.
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Sharpe Ratios by Period
| GLGG | TSMG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 4.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | 1.76 | -2.00 |
Drawdowns
GLGG vs. TSMG - Drawdown Comparison
The maximum GLGG drawdown since its inception was -90.66%, which is greater than TSMG's maximum drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for GLGG and TSMG.
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Drawdown Indicators
| GLGG | TSMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.66% | -63.67% | -26.99% |
Max Drawdown (1Y)Largest decline over 1 year | — | -35.29% | — |
Current DrawdownCurrent decline from peak | -77.42% | -0.93% | -76.49% |
Average DrawdownAverage peak-to-trough decline | -57.94% | -16.94% | -41.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 10.79% | — |
Volatility
GLGG vs. TSMG - Volatility Comparison
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Volatility by Period
| GLGG | TSMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 22.71% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 55.10% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 175.94% | 71.76% | +104.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 175.94% | 80.99% | +94.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 175.94% | 80.99% | +94.95% |
GLGG vs. TSMG - Expense Ratio Comparison
GLGG has a 0.76% expense ratio, which is higher than TSMG's 0.75% expense ratio.
Dividends
GLGG vs. TSMG - Dividend Comparison
GLGG has not paid dividends to shareholders, while TSMG's dividend yield for the trailing twelve months is around 5.96%.
| Position | TTM | 2025 |
|---|---|---|
GLGG Leverage Shares 2X Long GLXY Daily ETF | 0.00% | 0.00% |
TSMG Leverage Shares 2X Long TSM Daily ETF | 5.96% | 11.48% |
Frequently Asked Questions
GLGG and TSMG have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
TSMG is cheaper with a 0.75% expense ratio, compared with 0.76% for GLGG.
TSMG has the higher dividend yield at 5.96%, compared with 0.00% for GLGG.
Their fees differ too: 0.76% for GLGG and 0.75% for TSMG.
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