SNAG vs. TSMG

Last updated Jun 5, 2026

SNAG (Leverage Shares 2X Long SNAP Daily ETF) and TSMG (Leverage Shares 2X Long TSM Daily ETF) are both Leveraged Equities funds from Leverage Shares. SNAG is passively managed, while TSMG is actively managed. At a 0.28 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

SNAG vs. TSMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long SNAP Daily ETF (SNAG) 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, SNAG achieves a -54.52% return, which is significantly lower than TSMG's 92.52% return.

SNAG

• 1D: 10.73%
• 1M: -4.21%
• YTD: -54.52%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMG

• 1D: 3.47%
• 1M: 24.82%
• YTD: 92.52%
• 6M: 104.85%
• 1Y: 292.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SNAG vs. TSMG - Yearly Performance Comparison

	2026 (YTD)	2025
SNAG Leverage Shares 2X Long SNAP Daily ETF	-54.52%	11.30%
TSMG Leverage Shares 2X Long TSM Daily ETF	92.52%	13.24%

Correlation

The correlation between SNAG and TSMG is 0.28, 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 Dec 19, 2025	0.28

Return for Risk

SNAG 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: 84
TSMG Omega Ratio Rank: 78
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.

SNAG vs. TSMG - Risk-Adjusted Trends Comparison

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

	SNAG	TSMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.66	1.76	-2.42

Drawdowns

SNAG vs. TSMG - Drawdown Comparison

The maximum SNAG drawdown since its inception was -81.94%, which is greater than TSMG's maximum drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for SNAG and TSMG.

Drawdown Indicators

	SNAG	TSMG	Difference
Max Drawdown Largest peak-to-trough decline	-81.94%	-63.67%	-18.27%
Max Drawdown (1Y) Largest decline over 1 year	—	-35.29%	—
Current Drawdown Current decline from peak	-61.45%	-0.93%	-60.52%
Average Drawdown Average peak-to-trough decline	-54.49%	-16.94%	-37.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.79%	—

Volatility

Volatility by Period

	SNAG	TSMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	22.71%	—
Volatility (6M) Calculated over the trailing 6-month period	—	55.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	119.01%	71.76%	+47.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	119.01%	80.99%	+38.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	119.01%	80.99%	+38.02%

SNAG vs. TSMG - Expense Ratio Comparison

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

Dividends

SNAG vs. TSMG - Dividend Comparison

SNAG has not paid dividends to shareholders, while TSMG's dividend yield for the trailing twelve months is around 5.96%.

Position	TTM	2025
SNAG Leverage Shares 2X Long SNAP Daily ETF	0.00%	0.00%
TSMG Leverage Shares 2X Long TSM Daily ETF	5.96%	11.48%

Frequently Asked Questions

Can I hold both SNAG and TSMG in my portfolio?

SNAG 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 ETF is better, SNAG 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, SNAG or TSMG?

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

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

TSMG has the higher dividend yield at 5.96%, compared with 0.00% for SNAG.