PLTA vs. TSMG

Last updated Jun 30, 2026

PLTA (ProShares Ultra PLTR) and TSMG (Leverage Shares 2X Long TSM Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.29 correlation, their price movements are largely independent.

Performance

PLTA vs. TSMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra PLTR (PLTA) 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, PLTA achieves a -66.27% return, which is significantly lower than TSMG's 95.13% return.

PLTA

• 1D: 5.08%
• 1M: -47.59%
• YTD: -66.27%
• 6M: -68.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMG

• 1D: 10.60%
• 1M: 13.80%
• YTD: 95.13%
• 6M: 99.24%
• 1Y: 214.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLTA vs. TSMG - Yearly Performance Comparison

	2026 (YTD)	2025
PLTA ProShares Ultra PLTR	-66.27%	4.92%
TSMG Leverage Shares 2X Long TSM Daily ETF	95.13%	38.12%

Correlation

The correlation between PLTA and TSMG is 0.29, 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 Sep 10, 2025	0.29

Return for Risk

PLTA vs. TSMG — Risk / Return Rank

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

PLTA

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

TSMG

TSMG Risk / Return Rank: 86
TSMG Sharpe Ratio Rank: 93
TSMG Sortino Ratio Rank: 78
TSMG Omega Ratio Rank: 72
TSMG Calmar Ratio Rank: 94
TSMG Martin Ratio Rank: 92

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.

PLTA vs. TSMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra PLTR (PLTA) 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.

	PLTA	TSMG	Difference
Sharpe ratio: Return per unit of total volatility	—	2.80	—
Sortino ratio: Return per unit of downside risk	—	2.98	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	6.11	—
Martin ratio: Return relative to average drawdown	—	19.32	—

Drawdowns

PLTA vs. TSMG - Drawdown Comparison

The maximum PLTA drawdown since its inception was -80.03%, which is greater than TSMG's maximum drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for PLTA and TSMG.

Drawdown Indicators

	PLTA	TSMG	Difference
Max Drawdown Largest peak-to-trough decline	-80.03%	-63.67%	-16.36%
Max Drawdown (1Y) Largest decline over 1 year	—	-35.29%	—
Current Drawdown Current decline from peak	-76.86%	-6.42%	-70.44%
Average Drawdown Average peak-to-trough decline	-42.07%	-16.59%	-25.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.13%	—

Volatility

Volatility by Period

	PLTA	TSMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	34.13%	—
Volatility (6M) Calculated over the trailing 6-month period	—	61.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	105.70%	77.10%	+28.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	105.70%	83.24%	+22.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	105.70%	83.24%	+22.46%

Dividends

PLTA vs. TSMG - Dividend Comparison

PLTA's dividend yield for the trailing twelve months is around 4.34%, less than TSMG's 5.89% yield.

Position	TTM	2025
PLTA ProShares Ultra PLTR	4.34%	0.75%
TSMG Leverage Shares 2X Long TSM Daily ETF	5.89%	11.48%

Frequently Asked Questions

Can I hold both PLTA and TSMG in my portfolio?

PLTA and TSMG have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

TSMG has the higher dividend yield at 5.89%, compared with 4.34% for PLTA.

What is the main difference between PLTA and TSMG?

They also come from different issuers: ProShares and Leverage Shares.