METU vs. TSMG

Last updated Apr 2, 2026

Compare and contrast key facts about Direxion Daily META Bull 2X ETF (METU) and Leverage Shares 2X Long TSM Daily ETF (TSMG).

METU and TSMG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. METU is an actively managed fund by Direxion. It was launched on Jun 5, 2024. TSMG is an actively managed fund by Leverage Shares. It was launched on Jan 14, 2025.

Performance

METU vs. TSMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily META Bull 2X ETF (METU) and Leverage Shares 2X Long TSM Daily ETF (TSMG). The values are adjusted to include any dividend payments, if applicable.

METU vs. TSMG - Yearly Performance Comparison

	2026 (YTD)	2025
METU Direxion Daily META Bull 2X ETF	-27.92%	-3.19%
TSMG Leverage Shares 2X Long TSM Daily ETF	18.85%	76.34%

Returns By Period

In the year-to-date period, METU achieves a -27.92% return, which is significantly lower than TSMG's 18.85% return.

METU

• 1D: 2.59%
• 1M: -23.46%
• YTD: -27.92%
• 6M: -42.49%
• 1Y: -24.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMG

• 1D: 2.29%
• 1M: -16.16%
• YTD: 18.85%
• 6M: 24.81%
• 1Y: 225.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

METU vs. TSMG - Expense Ratio Comparison

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

METU

Direxion Daily META Bull 2X ETF

TSMG

Leverage Shares 2X Long TSM Daily ETF

Return for Risk

METU vs. TSMG — Risk / Return Rank

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

METU

METU Risk / Return Rank: 8
METU Sharpe Ratio Rank: 6
METU Sortino Ratio Rank: 10
METU Omega Ratio Rank: 10
METU Calmar Ratio Rank: 6
METU Martin Ratio Rank: 6

TSMG

TSMG Risk / Return Rank: 95
TSMG Sharpe Ratio Rank: 97
TSMG Sortino Ratio Rank: 94
TSMG Omega Ratio Rank: 89
TSMG Calmar Ratio Rank: 98
TSMG Martin Ratio Rank: 97

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.

METU vs. TSMG - Risk-Adjusted Trends Comparison

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

	METU	TSMG	Difference
Sharpe ratio Return per unit of total volatility	-0.31	2.94	-3.26
Sortino ratio Return per unit of downside risk	0.05	3.06	-3.01
Omega ratio Gain probability vs. loss probability	1.01	1.39	-0.38
Calmar ratio Return relative to maximum drawdown	-0.36	6.67	-7.03
Martin ratio Return relative to average drawdown	-0.80	20.63	-21.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

METU vs. TSMG - Sharpe Ratio Comparison

The current METU Sharpe Ratio is -0.31, which is lower than the TSMG Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of METU and TSMG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	METU	TSMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.31	2.94	-3.26
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	1.04	-1.13

Correlation

The correlation between METU and TSMG is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

METU vs. TSMG - Dividend Comparison

METU's dividend yield for the trailing twelve months is around 4.29%, less than TSMG's 9.66% yield.

	TTM	2025	2024
METU Direxion Daily META Bull 2X ETF	4.29%	3.00%	1.40%
TSMG Leverage Shares 2X Long TSM Daily ETF	9.66%	11.48%	0.00%

Drawdowns

METU vs. TSMG - Drawdown Comparison

The maximum METU drawdown since its inception was -61.85%, roughly equal to the maximum TSMG drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for METU and TSMG.

Drawdown Indicators

	METU	TSMG	Difference
Max Drawdown Largest peak-to-trough decline	-61.85%	-63.67%	+1.82%
Max Drawdown (1Y) Largest decline over 1 year	-61.52%	-35.29%	-26.23%
Current Drawdown Current decline from peak	-53.93%	-24.61%	-29.32%
Average Drawdown Average peak-to-trough decline	-21.34%	-18.24%	-3.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.77%	11.41%	+16.36%

Volatility

METU vs. TSMG - Volatility Comparison

Direxion Daily META Bull 2X ETF (METU) and Leverage Shares 2X Long TSM Daily ETF (TSMG) have volatilities of 27.74% and 28.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	METU	TSMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.74%	28.00%	-0.26%
Volatility (6M) Calculated over the trailing 6-month period	54.20%	54.68%	-0.48%
Volatility (1Y) Calculated over the trailing 1-year period	79.79%	77.04%	+2.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.05%	81.23%	-9.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.05%	81.23%	-9.18%