TSII vs. TSMG

Last updated Jun 24, 2026

TSII (REX TSLA Growth & Income ETF) and TSMG (Leverage Shares 2X Long TSM Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, TSII returned 14.16% vs 241.80% for TSMG. At a 0.39 correlation, their price movements are largely independent. TSII charges 0.99%/yr vs 0.75%/yr for TSMG.

Performance

TSII vs. TSMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX TSLA Growth & Income ETF (TSII) 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, TSII achieves a -17.18% return, which is significantly lower than TSMG's 80.39% return.

TSII

• 1D: -8.05%
• 1M: -11.96%
• YTD: -17.18%
• 6M: -23.93%
• 1Y: 14.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMG

• 1D: -13.49%
• 1M: 12.90%
• YTD: 80.39%
• 6M: 88.25%
• 1Y: 241.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSII vs. TSMG - Yearly Performance Comparison

	2026 (YTD)	2025
TSII REX TSLA Growth & Income ETF	-17.18%	39.41%
TSMG Leverage Shares 2X Long TSM Daily ETF	80.39%	113.76%

Correlation

The correlation between TSII and TSMG is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	0.39

Return for Risk

TSII vs. TSMG — Risk / Return Rank

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

TSII

TSII Risk / Return Rank: 14
TSII Sharpe Ratio Rank: 13
TSII Sortino Ratio Rank: 14
TSII Omega Ratio Rank: 14
TSII Calmar Ratio Rank: 14
TSII Martin Ratio Rank: 14

TSMG

TSMG Risk / Return Rank: 85
TSMG Sharpe Ratio Rank: 93
TSMG Sortino Ratio Rank: 75
TSMG Omega Ratio Rank: 70
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.

TSII vs. TSMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX TSLA Growth & Income ETF (TSII) 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.

	TSII	TSMG	Difference
Sharpe ratio: Return per unit of total volatility	0.32	3.17	-2.85
Sortino ratio: Return per unit of downside risk	0.73	3.15	-2.42
Omega ratio: Gain probability vs. loss probability	1.09	1.39	-0.30
Calmar ratio: Return relative to maximum drawdown	0.49	6.90	-6.41
Martin ratio: Return relative to average drawdown	1.10	22.04	-20.93

TSII vs. TSMG - Sharpe Ratio Comparison

The current TSII Sharpe Ratio is 0.32, which is lower than the TSMG Sharpe Ratio of 3.17. The chart below compares the historical Sharpe Ratios of TSII 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.

Drawdowns

TSII vs. TSMG - Drawdown Comparison

The maximum TSII drawdown since its inception was -29.03%, smaller than the maximum TSMG drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for TSII and TSMG.

Drawdown Indicators

	TSII	TSMG	Difference
Max Drawdown Largest peak-to-trough decline	-29.03%	-63.67%	+34.64%
Max Drawdown (1Y) Largest decline over 1 year	-29.03%	-35.29%	+6.26%
Current Drawdown Current decline from peak	-24.32%	-13.49%	-10.83%
Average Drawdown Average peak-to-trough decline	-9.92%	-16.65%	+6.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.86%	11.03%	+1.83%

Volatility

TSII vs. TSMG - Volatility Comparison

The current volatility for REX TSLA Growth & Income ETF (TSII) is 16.81%, while Leverage Shares 2X Long TSM Daily ETF (TSMG) has a volatility of 33.00%. This indicates that TSII experiences smaller price fluctuations and is considered to be less risky than TSMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSII	TSMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.81%	33.00%	-16.19%
Volatility (6M) Calculated over the trailing 6-month period	30.34%	60.76%	-30.42%
Volatility (1Y) Calculated over the trailing 1-year period	44.60%	76.78%	-32.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.24%	83.21%	-35.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.24%	83.21%	-35.97%

TSII vs. TSMG - Expense Ratio Comparison

TSII has a 0.99% expense ratio, which is higher than TSMG's 0.75% expense ratio.

Dividends

TSII vs. TSMG - Dividend Comparison

TSII's dividend yield for the trailing twelve months is around 81.88%, more than TSMG's 6.37% yield.

Position	TTM	2025
TSII REX TSLA Growth & Income ETF	81.88%	32.17%
TSMG Leverage Shares 2X Long TSM Daily ETF	6.37%	11.48%

Frequently Asked Questions

Can I hold both TSII and TSMG in my portfolio?

TSII and TSMG have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSII or TSMG?

TSMG has higher volatility (33.00%) compared to TSII (16.81%). In terms of maximum drawdown, TSII dropped -29.03% vs TSMG's -63.67%.

Which ETF is better, TSII or TSMG?

On 1-year performance, TSMG leads with 241.80% vs 14.16% for TSII. On fees, TSMG is cheaper at 0.75% per year. On volatility, TSII has been the lower-risk option at 16.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSII or TSMG?

Over the 1-year period, TSMG has performed better with a 241.80% return vs 14.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSII or TSMG?

TSMG is cheaper with a 0.75% expense ratio, compared with 0.99% for TSII.

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

TSII has the higher dividend yield at 81.88%, compared with 6.37% for TSMG.

What is the main difference between TSII and TSMG?

They also come from different issuers: REX and Leverage Shares. Their fees differ too: 0.99% for TSII and 0.75% for TSMG.

Which has better risk-adjusted returns?

TSMG currently has the higher Sharpe Ratio (3.17 vs 0.32), 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.