LMTL vs. TSMG

Last updated Jul 11, 2026

LMTL (Direxion Daily LMT Bull 2X ETF) and TSMG (Leverage Shares 2X Long TSM Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.00, they often move in opposite directions. LMTL charges 1.07%/yr vs 0.75%/yr for TSMG.

Performance

LMTL vs. TSMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily LMT Bull 2X ETF (LMTL) 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, LMTL achieves a 7.80% return, which is significantly lower than TSMG's 75.16% return.

LMTL

• 1D: 1.99%
• 1M: -7.59%
• 6M: -13.45%
• YTD: 7.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMG

• 1D: -1.32%
• 1M: 3.42%
• 6M: 55.60%
• YTD: 75.16%
• 1Y: 178.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LMTL vs. TSMG - Yearly Performance Comparison

	2026 (YTD)	2025
LMTL Direxion Daily LMT Bull 2X ETF	7.80%	20.96%
TSMG Leverage Shares 2X Long TSM Daily ETF	75.16%	58.28%

Correlation

The correlation between LMTL and TSMG is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 6, 2025	-0.00

Return for Risk

LMTL vs. TSMG — Risk / Return Rank

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

LMTL

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

TSMG

TSMG Risk / Return Rank: 82
TSMG Sharpe Ratio Rank: 88
TSMG Sortino Ratio Rank: 73
TSMG Omega Ratio Rank: 69
TSMG Calmar Ratio Rank: 93
TSMG Martin Ratio Rank: 89

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.

LMTL vs. TSMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily LMT Bull 2X ETF (LMTL) 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.

	LMTL	TSMG	Difference
Sharpe ratio: Return per unit of total volatility	—	2.27	—
Sortino ratio: Return per unit of downside risk	—	2.62	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	5.10	—
Martin ratio: Return relative to average drawdown	—	15.69	—

Drawdowns

LMTL vs. TSMG - Drawdown Comparison

The maximum LMTL drawdown since its inception was -49.46%, smaller than the maximum TSMG drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for LMTL and TSMG.

Drawdown Indicators

	LMTL	TSMG	Difference
Max Drawdown Largest peak-to-trough decline	-49.46%	-63.67%	+14.21%
Max Drawdown (1Y) Largest decline over 1 year	—	-35.29%	—
Current Drawdown Current decline from peak	-43.43%	-18.35%	-25.08%
Average Drawdown Average peak-to-trough decline	-16.69%	-16.54%	-0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.45%	—

Volatility

Volatility by Period

	LMTL	TSMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	35.92%	—
Volatility (6M) Calculated over the trailing 6-month period	—	64.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	51.11%	79.37%	-28.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.11%	84.28%	-33.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.11%	84.28%	-33.17%

LMTL vs. TSMG - Expense Ratio Comparison

LMTL has a 1.07% expense ratio, which is higher than TSMG's 0.75% expense ratio.

Dividends

LMTL vs. TSMG - Dividend Comparison

LMTL's dividend yield for the trailing twelve months is around 4.23%, less than TSMG's 6.56% yield.

Position	TTM	2025
LMTL Direxion Daily LMT Bull 2X ETF	4.23%	3.18%
TSMG Leverage Shares 2X Long TSM Daily ETF	6.56%	11.48%

Frequently Asked Questions

Can I hold both LMTL and TSMG in my portfolio?

LMTL and TSMG have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LMTL 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, LMTL or TSMG?

TSMG is cheaper with a 0.75% expense ratio, compared with 1.07% for LMTL.

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

TSMG has the higher dividend yield at 6.56%, compared with 4.23% for LMTL.

What is the main difference between LMTL and TSMG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.07% for LMTL and 0.75% for TSMG.