PLTU vs. TSMG

Last updated Jun 4, 2026

PLTU (Direxion Daily PLTR Bull 2X Shares) and TSMG (Leverage Shares 2X Long TSM Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, PLTU returned -21.46% vs 297.71% for TSMG. At a 0.39 correlation, their price movements are largely independent. PLTU charges 0.97%/yr vs 0.75%/yr for TSMG.

Performance

PLTU vs. TSMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily PLTR Bull 2X Shares (PLTU) 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, PLTU achieves a -46.71% return, which is significantly lower than TSMG's 86.06% return.

PLTU

• 1D: -13.03%
• 1M: -9.11%
• YTD: -46.71%
• 6M: -46.12%
• 1Y: -21.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMG

• 1D: -4.26%
• 1M: 15.77%
• YTD: 86.06%
• 6M: 95.35%
• 1Y: 297.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLTU vs. TSMG - Yearly Performance Comparison

	2026 (YTD)	2025
PLTU Direxion Daily PLTR Bull 2X Shares	-46.71%	334.53%
TSMG Leverage Shares 2X Long TSM Daily ETF	86.06%	76.34%

Correlation

The correlation between PLTU and TSMG is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025	0.39

The correlation between PLTU and TSMG shifts across timeframes, from 0.28 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PLTU vs. TSMG — Risk / Return Rank

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

PLTU

PLTU Risk / Return Rank: 8
PLTU Sharpe Ratio Rank: 7
PLTU Sortino Ratio Rank: 11
PLTU Omega Ratio Rank: 11
PLTU Calmar Ratio Rank: 6
PLTU Martin Ratio Rank: 6

TSMG

TSMG Risk / Return Rank: 89
TSMG Sharpe Ratio Rank: 96
TSMG Sortino Ratio Rank: 83
TSMG Omega Ratio Rank: 76
TSMG Calmar Ratio Rank: 95
TSMG Martin Ratio Rank: 94

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.

PLTU vs. TSMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily PLTR Bull 2X Shares (PLTU) 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.

	PLTU	TSMG	Difference
Sharpe ratio Return per unit of total volatility	-0.21	4.18	-4.39
Sortino ratio Return per unit of downside risk	0.40	3.78	-3.39
Omega ratio Gain probability vs. loss probability	1.05	1.46	-0.41
Calmar ratio Return relative to maximum drawdown	-0.32	8.50	-8.81
Martin ratio Return relative to average drawdown	-0.54	27.74	-28.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PLTU vs. TSMG - Sharpe Ratio Comparison

The current PLTU Sharpe Ratio is -0.21, which is lower than the TSMG Sharpe Ratio of 4.18. The chart below compares the historical Sharpe Ratios of PLTU and TSMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PLTU	TSMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.21	4.18	-4.39
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	1.69	-1.29

Drawdowns

PLTU vs. TSMG - Drawdown Comparison

The maximum PLTU drawdown since its inception was -69.14%, which is greater than TSMG's maximum drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for PLTU and TSMG.

Drawdown Indicators

	PLTU	TSMG	Difference
Max Drawdown Largest peak-to-trough decline	-69.14%	-63.67%	-5.47%
Max Drawdown (1Y) Largest decline over 1 year	-68.10%	-35.29%	-32.81%
Current Drawdown Current decline from peak	-62.95%	-4.26%	-58.69%
Average Drawdown Average peak-to-trough decline	-31.90%	-16.98%	-14.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.45%	10.79%	+28.66%

Volatility

PLTU vs. TSMG - Volatility Comparison

Direxion Daily PLTR Bull 2X Shares (PLTU) has a higher volatility of 36.67% compared to Leverage Shares 2X Long TSM Daily ETF (TSMG) at 23.14%. This indicates that PLTU's price experiences larger fluctuations and is considered to be riskier than TSMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLTU	TSMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	36.67%	23.14%	+13.53%
Volatility (6M) Calculated over the trailing 6-month period	77.36%	55.07%	+22.29%
Volatility (1Y) Calculated over the trailing 1-year period	103.08%	71.74%	+31.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	127.24%	81.06%	+46.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	127.24%	81.06%	+46.18%

PLTU vs. TSMG - Expense Ratio Comparison

PLTU has a 0.97% expense ratio, which is higher than TSMG's 0.75% expense ratio.

Dividends

PLTU vs. TSMG - Dividend Comparison

PLTU's dividend yield for the trailing twelve months is around 44.62%, more than TSMG's 6.17% yield.

Position	TTM	2025	2024
PLTU Direxion Daily PLTR Bull 2X Shares	44.62%	23.29%	0.12%
TSMG Leverage Shares 2X Long TSM Daily ETF	6.17%	11.48%	0.00%

Frequently Asked Questions

Can I hold both PLTU and TSMG in my portfolio?

PLTU and TSMG have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLTU or TSMG?

PLTU has higher volatility (36.67%) compared to TSMG (23.14%). In terms of maximum drawdown, PLTU dropped -69.14% vs TSMG's -63.67%.

Which ETF is better, PLTU or TSMG?

On 1-year performance, TSMG leads with 297.71% vs -21.46% for PLTU. On fees, TSMG is cheaper at 0.75% per year. On volatility, TSMG has been the lower-risk option at 23.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PLTU or TSMG?

Over the 1-year period, TSMG has performed better with a 297.71% return vs -21.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTU or TSMG?

TSMG is cheaper with a 0.75% expense ratio, compared with 0.97% for PLTU.

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

PLTU has the higher dividend yield at 44.62%, compared with 6.17% for TSMG.

What is the main difference between PLTU and TSMG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.97% for PLTU and 0.75% for TSMG.

Which has better risk-adjusted returns?

TSMG currently has the higher Sharpe Ratio (4.18 vs -0.21), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.