GLXU vs. TSMG

Last updated Aug 1, 2026

GLXU (T-REX 2X Long GLXY Daily Target ETF) and TSMG (Leverage Shares 2X Long TSM Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their 0.49 correlation means their historical movements had little consistent relationship. GLXU charges 1.50%/yr vs 0.75%/yr for TSMG.

Performance

GLXU vs. TSMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Long GLXY Daily Target ETF (GLXU) 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, GLXU achieves a -54.73% return, which is significantly lower than TSMG's 48.29% return.

GLXU

• 1D: -4.82%
• 1M: -34.44%
• 6M: -69.56%
• YTD: -54.73%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

TSMG

• 1D: -0.01%
• 1M: -15.99%
• 6M: 27.89%
• YTD: 48.29%
• 1Y: 127.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 82.91%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GLXU T-REX 2X Long GLXY Daily Target ETF	$1.31M	$1.48M	$2.98M
TSMG Leverage Shares 2X Long TSM Daily ETF	$3.62M	$4.60M	$4.37M

GLXU vs. TSMG - Yearly Performance Comparison

	2026 (YTD)	2025
GLXU T-REX 2X Long GLXY Daily Target ETF	-54.73%	-55.12%
TSMG Leverage Shares 2X Long TSM Daily ETF	48.29%	46.56%

Correlation

The correlation between GLXU and TSMG is 0.49, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 8, 2025	0.49

Return for Risk

GLXU vs. TSMG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GLXU

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

TSMG

TSMG Risk / Return Rank: 66
TSMG Sharpe Ratio Rank: 60
TSMG Sortino Ratio Rank: 63
TSMG Omega Ratio Rank: 57
TSMG Calmar Ratio Rank: 80
TSMG Martin Ratio Rank: 72

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GLXU vs. TSMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long GLXY Daily Target ETF (GLXU) 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.

	GLXU	TSMG	Difference
Sharpe ratio: Return per unit of total volatility	—	1.41	—
Sortino ratio: Return per unit of downside risk	—	2.09	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	2.89	—
Martin ratio: Return relative to average drawdown	—	8.76	—

Drawdowns

GLXU vs. TSMG - Drawdown Comparison

The maximum GLXU drawdown since its inception was -92.21%, which is greater than TSMG's maximum drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for GLXU and TSMG.

Drawdown Indicators

	GLXU	TSMG	Difference
Max Drawdown Largest peak-to-trough decline	-92.21%	-63.67%	-28.54%
Max Drawdown (1Y) Largest decline over 1 year	—	-40.36%	—
Current Drawdown Current decline from peak	-89.94%	-30.88%	-59.06%
Average Drawdown Average peak-to-trough decline	-60.77%	-17.02%	-43.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.29%	—

Volatility

Volatility by Period

	GLXU	TSMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	28.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	67.16%	—
Volatility (1Y) Calculated over the trailing 1-year period	183.78%	82.37%	+101.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	183.78%	85.13%	+98.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	183.78%	85.13%	+98.65%

GLXU vs. TSMG - Expense Ratio Comparison

GLXU has a 1.50% expense ratio, which is higher than TSMG's 0.75% expense ratio.

Dividends

GLXU vs. TSMG - Dividend Comparison

GLXU's dividend yield for the trailing twelve months is around 16.48%, more than TSMG's 7.74% yield.

Position	TTM	2025
GLXU T-REX 2X Long GLXY Daily Target ETF	16.48%	7.46%
TSMG Leverage Shares 2X Long TSM Daily ETF	7.74%	11.48%

Frequently Asked Questions

Can I hold both GLXU and TSMG in my portfolio?

GLXU and TSMG have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GLXU 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, GLXU or TSMG?

TSMG is cheaper with a 0.75% expense ratio, compared with 1.50% for GLXU.

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

GLXU has the higher dividend yield at 16.48%, compared with 7.74% for TSMG.

What is the main difference between GLXU and TSMG?

They also come from different issuers: T-Rex and Leverage Shares. Their fees differ too: 1.50% for GLXU and 0.75% for TSMG.