TSLG vs. TSMG

Last updated Apr 2, 2026

Compare and contrast key facts about Leverage Shares 2X Long TSLA Daily ETF (TSLG) and Leverage Shares 2X Long TSM Daily ETF (TSMG).

TSLG and TSMG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSLG is an actively managed fund by Leverage Shares. It was launched on Dec 12, 2024. TSMG is an actively managed fund by Leverage Shares. It was launched on Jan 14, 2025.

Performance

TSLG vs. TSMG - Performance Comparison

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

TSLG vs. TSMG - Yearly Performance Comparison

	2026 (YTD)	2025
TSLG Leverage Shares 2X Long TSLA Daily ETF	-32.40%	-22.63%
TSMG Leverage Shares 2X Long TSM Daily ETF	18.85%	76.34%

Returns By Period

In the year-to-date period, TSLG achieves a -32.40% return, which is significantly lower than TSMG's 18.85% return.

TSLG

• 1D: 5.35%
• 1M: -12.62%
• YTD: -32.40%
• 6M: -40.60%
• 1Y: 32.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMG

• 1D: 2.29%
• 1M: -16.16%
• YTD: 18.85%
• 6M: 24.81%
• 1Y: 225.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSLG vs. TSMG - Expense Ratio Comparison

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

TSLG

Leverage Shares 2X Long TSLA Daily ETF

TSMG

Leverage Shares 2X Long TSM Daily ETF

Return for Risk

TSLG vs. TSMG — Risk / Return Rank

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

TSLG

TSLG Risk / Return Rank: 29
TSLG Sharpe Ratio Rank: 19
TSLG Sortino Ratio Rank: 41
TSLG Omega Ratio Rank: 34
TSLG Calmar Ratio Rank: 30
TSLG Martin Ratio Rank: 23

TSMG

TSMG Risk / Return Rank: 95
TSMG Sharpe Ratio Rank: 97
TSMG Sortino Ratio Rank: 94
TSMG Omega Ratio Rank: 89
TSMG Calmar Ratio Rank: 98
TSMG Martin Ratio Rank: 97

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.

TSLG vs. TSMG - Risk-Adjusted Trends Comparison

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

	TSLG	TSMG	Difference
Sharpe ratio Return per unit of total volatility	0.30	2.94	-2.65
Sortino ratio Return per unit of downside risk	1.23	3.06	-1.83
Omega ratio Gain probability vs. loss probability	1.15	1.39	-0.24
Calmar ratio Return relative to maximum drawdown	0.83	6.67	-5.84
Martin ratio Return relative to average drawdown	1.76	20.63	-18.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSLG vs. TSMG - Sharpe Ratio Comparison

The current TSLG Sharpe Ratio is 0.30, which is lower than the TSMG Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of TSLG and TSMG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TSLG	TSMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.30	2.94	-2.65
Sharpe Ratio (All Time) Calculated using the full available price history	-0.42	1.04	-1.46

Correlation

The correlation between TSLG and TSMG is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TSLG vs. TSMG - Dividend Comparison

TSLG's dividend yield for the trailing twelve months is around 9.69%, which matches TSMG's 9.66% yield.

	TTM	2025
TSLG Leverage Shares 2X Long TSLA Daily ETF	9.69%	6.55%
TSMG Leverage Shares 2X Long TSM Daily ETF	9.66%	11.48%

Drawdowns

TSLG vs. TSMG - Drawdown Comparison

The maximum TSLG drawdown since its inception was -82.86%, which is greater than TSMG's maximum drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for TSLG and TSMG.

Drawdown Indicators

	TSLG	TSMG	Difference
Max Drawdown Largest peak-to-trough decline	-82.86%	-63.67%	-19.19%
Max Drawdown (1Y) Largest decline over 1 year	-50.92%	-35.29%	-15.63%
Current Drawdown Current decline from peak	-65.85%	-24.61%	-41.24%
Average Drawdown Average peak-to-trough decline	-58.06%	-18.24%	-39.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.98%	11.41%	+12.57%

Volatility

TSLG vs. TSMG - Volatility Comparison

The current volatility for Leverage Shares 2X Long TSLA Daily ETF (TSLG) is 22.51%, while Leverage Shares 2X Long TSM Daily ETF (TSMG) has a volatility of 28.00%. This indicates that TSLG 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

	TSLG	TSMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.51%	28.00%	-5.49%
Volatility (6M) Calculated over the trailing 6-month period	59.61%	54.68%	+4.93%
Volatility (1Y) Calculated over the trailing 1-year period	110.65%	77.04%	+33.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	118.91%	81.23%	+37.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	118.91%	81.23%	+37.68%