SNXX vs. TSMG

Last updated Aug 2, 2026

SNXX (Tradr 2X Long SNDK Daily ETF) and TSMG (Leverage Shares 2X Long TSM Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their 0.51 correlation means they have sometimes moved together and sometimes differently. SNXX charges 1.49%/yr vs 0.75%/yr for TSMG.

Performance

SNXX vs. TSMG - Performance Comparison

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

Returns By Period

SNXX

• 1D: -10.88%
• 1M: -60.92%
• 6M: 102.16%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

TSMG

• 1D: -0.01%
• 1M: -15.99%
• 6M: 27.89%
• YTD: 48.29%
• 1Y: 127.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 82.91%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SNXX Tradr 2X Long SNDK Daily ETF	$1.51B	$1.59B	$1.43B
TSMG Leverage Shares 2X Long TSM Daily ETF	$3.62M	$4.60M	$4.37M

SNXX vs. TSMG - Yearly Performance Comparison

	2026 (YTD)
SNXX Tradr 2X Long SNDK Daily ETF	184.54%
TSMG Leverage Shares 2X Long TSM Daily ETF	25.87%

Correlation

The correlation between SNXX and TSMG is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 27, 2026	0.51

Return for Risk

SNXX vs. TSMG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SNXX

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

TSMG

TSMG Risk / Return Rank: 66
TSMG Sharpe Ratio Rank: 60
TSMG Sortino Ratio Rank: 63
TSMG Omega Ratio Rank: 57
TSMG Calmar Ratio Rank: 80
TSMG Martin Ratio Rank: 72

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SNXX vs. TSMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long SNDK Daily ETF (SNXX) 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.

	SNXX	TSMG	Difference
Sharpe ratio: Return per unit of total volatility	—	1.41	—
Sortino ratio: Return per unit of downside risk	—	2.09	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	2.89	—
Martin ratio: Return relative to average drawdown	—	8.76	—

Drawdowns

SNXX vs. TSMG - Drawdown Comparison

The maximum SNXX drawdown since its inception was -85.09%, which is greater than TSMG's maximum drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for SNXX and TSMG.

Drawdown Indicators

	SNXX	TSMG	Difference
Max Drawdown Largest peak-to-trough decline	-85.09%	-63.67%	-21.42%
Max Drawdown (1Y) Largest decline over 1 year	—	-40.36%	—
Current Drawdown Current decline from peak	-79.82%	-30.88%	-48.94%
Average Drawdown Average peak-to-trough decline	-22.82%	-17.02%	-5.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.29%	—

Volatility

Volatility by Period

	SNXX	TSMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	28.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	67.16%	—
Volatility (1Y) Calculated over the trailing 1-year period	237.71%	82.37%	+155.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	237.71%	85.13%	+152.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	237.71%	85.13%	+152.58%

SNXX vs. TSMG - Expense Ratio Comparison

SNXX has a 1.49% expense ratio, which is higher than TSMG's 0.75% expense ratio.

Dividends

SNXX vs. TSMG - Dividend Comparison

SNXX has not paid dividends to shareholders, while TSMG's dividend yield for the trailing twelve months is around 7.74%.

Position	TTM	2025
SNXX Tradr 2X Long SNDK Daily ETF	0.00%	0.00%
TSMG Leverage Shares 2X Long TSM Daily ETF	7.74%	11.48%

Frequently Asked Questions

Can I hold both SNXX and TSMG in my portfolio?

SNXX and TSMG have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SNXX or TSMG?

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.

Which ETF is cheaper, SNXX or TSMG?

TSMG is cheaper with a 0.75% expense ratio, compared with 1.49% for SNXX.

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

TSMG has the higher dividend yield at 7.74%, compared with 0.00% for SNXX.

What is the main difference between SNXX and TSMG?

They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.49% for SNXX and 0.75% for TSMG.