MSTP vs. TSMG
MSTP (GraniteShares 2x Long MSTR Daily ETF) and TSMG (Leverage Shares 2X Long TSM Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.31 correlation, their price movements are largely independent. MSTP charges 1.50%/yr vs 0.75%/yr for TSMG.
Performance
MSTP vs. TSMG - Performance Comparison
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Returns By Period
In the year-to-date period, MSTP achieves a -52.13% return, which is significantly lower than TSMG's 86.06% return.
MSTP
- 1D
- -13.74%
- 1M
- -54.90%
- YTD
- -52.13%
- 6M
- -70.05%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSMG
- 1D
- -4.26%
- 1M
- 15.77%
- YTD
- 86.06%
- 6M
- 95.35%
- 1Y
- 297.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTP vs. TSMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSTP GraniteShares 2x Long MSTR Daily ETF | -52.13% | -88.99% |
TSMG Leverage Shares 2X Long TSM Daily ETF | 86.06% | 84.22% |
Correlation
The correlation between MSTP and TSMG is 0.31, 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 Jun 11, 2025 | 0.31 |
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Return for Risk
MSTP vs. TSMG — Risk / Return Rank
MSTP
TSMG
MSTP vs. TSMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long MSTR Daily ETF (MSTP) 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
| MSTP | TSMG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 4.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.67 | 1.69 | -2.37 |
Drawdowns
MSTP vs. TSMG - Drawdown Comparison
The maximum MSTP drawdown since its inception was -96.25%, which is greater than TSMG's maximum drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for MSTP and TSMG.
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Drawdown Indicators
| MSTP | TSMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.25% | -63.67% | -32.58% |
Max Drawdown (1Y)Largest decline over 1 year | — | -35.29% | — |
Current DrawdownCurrent decline from peak | -95.92% | -4.26% | -91.66% |
Average DrawdownAverage peak-to-trough decline | -68.56% | -16.98% | -51.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 10.79% | — |
Volatility
MSTP vs. TSMG - Volatility Comparison
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Volatility by Period
| MSTP | TSMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 23.14% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 55.07% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 141.47% | 71.74% | +69.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 141.47% | 81.06% | +60.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 141.47% | 81.06% | +60.41% |
MSTP vs. TSMG - Expense Ratio Comparison
MSTP has a 1.50% expense ratio, which is higher than TSMG's 0.75% expense ratio.
Dividends
MSTP vs. TSMG - Dividend Comparison
MSTP has not paid dividends to shareholders, while TSMG's dividend yield for the trailing twelve months is around 6.17%.
| Position | TTM | 2025 |
|---|---|---|
MSTP GraniteShares 2x Long MSTR Daily ETF | 0.00% | 0.00% |
TSMG Leverage Shares 2X Long TSM Daily ETF | 6.17% | 11.48% |
Frequently Asked Questions
MSTP and TSMG have a correlation of 0.31, 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 1.50% for MSTP.
TSMG has the higher dividend yield at 6.17%, compared with 0.00% for MSTP.
They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.50% for MSTP and 0.75% for TSMG.
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