PLUL vs. TSMG

Last updated Jun 4, 2026

PLUL (Leverage Shares 2X Long PLUG Daily ETF) and TSMG (Leverage Shares 2X Long TSM Daily ETF) are both Leveraged Equities funds from Leverage Shares. PLUL is passively managed, while TSMG is actively managed. At a 0.23 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

PLUL vs. TSMG - Performance Comparison

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

Returns By Period

PLUL

• 1D: -19.28%
• 1M: 27.31%
• YTD: —
• 6M: —
• 1Y: —
• 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)

PLUL vs. TSMG - Yearly Performance Comparison

	2026 (YTD)
PLUL Leverage Shares 2X Long PLUG Daily ETF	76.52%
TSMG Leverage Shares 2X Long TSM Daily ETF	58.13%

Correlation

The correlation between PLUL and TSMG is 0.23, 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 Jan 14, 2026	0.23

Return for Risk

PLUL vs. TSMG — Risk / Return Rank

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

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.

PLUL vs. TSMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long PLUG Daily ETF (PLUL) 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.

Sharpe Ratios by Period

	PLUL	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	1.78	1.69	+0.08

Drawdowns

PLUL vs. TSMG - Drawdown Comparison

The maximum PLUL drawdown since its inception was -55.44%, smaller than the maximum TSMG drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for PLUL and TSMG.

Drawdown Indicators

	PLUL	TSMG	Difference
Max Drawdown Largest peak-to-trough decline	-55.44%	-63.67%	+8.23%
Max Drawdown (1Y) Largest decline over 1 year	—	-35.29%	—
Current Drawdown Current decline from peak	-21.67%	-4.26%	-17.41%
Average Drawdown Average peak-to-trough decline	-23.90%	-16.98%	-6.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.79%	—

Volatility

Volatility by Period

	PLUL	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	191.06%	71.74%	+119.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	191.06%	81.06%	+110.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	191.06%	81.06%	+110.00%

PLUL vs. TSMG - Expense Ratio Comparison

Both PLUL and TSMG have an expense ratio of 0.75%.

Dividends

PLUL vs. TSMG - Dividend Comparison

PLUL has not paid dividends to shareholders, while TSMG's dividend yield for the trailing twelve months is around 6.17%.

Position	TTM	2025
PLUL Leverage Shares 2X Long PLUG Daily ETF	0.00%	0.00%
TSMG Leverage Shares 2X Long TSM Daily ETF	6.17%	11.48%

Frequently Asked Questions

Can I hold both PLUL and TSMG in my portfolio?

PLUL and TSMG have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PLUL or TSMG?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PLUL or TSMG?

PLUL and TSMG have the same expense ratio: 0.75% per year.

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

TSMG has the higher dividend yield at 6.17%, compared with 0.00% for PLUL.