TSMG vs. FLKR
TSMG (Leverage Shares 2X Long TSM Daily ETF) and FLKR (Franklin FTSE South Korea ETF) are both exchange-traded funds - TSMG is a Leveraged Equities fund actively managed by Leverage Shares, while FLKR is a South Korea Equities fund tracking the FTSE South Korea RIC Capped Index. TSMG is actively managed, while FLKR is passively managed. Over the past year, TSMG returned 127.86% vs 124.39% for FLKR. Their 0.58 correlation means they have sometimes moved together and sometimes differently. TSMG charges 0.75%/yr vs 0.09%/yr for FLKR.
Performance
TSMG vs. FLKR - Performance Comparison
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Returns By Period
In the year-to-date period, TSMG achieves a 48.29% return, which is significantly lower than FLKR's 61.37% return.
TSMG
- 1D
- -0.01%
- 1M
- -15.99%
- 6M
- 27.89%
- YTD
- 48.29%
- 1Y
- 127.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 82.91%
FLKR
- 1D
- -2.28%
- 1M
- -12.85%
- 6M
- 29.07%
- YTD
- 61.37%
- 1Y
- 124.39%
- 3Y*
- 35.68%
- 5Y*
- 14.07%
- 10Y*
- —
- ALL TIME*
- 11.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $43.49M | $47.84M | $51.57M | |
| $3.62M | $4.60M | $4.37M |
TSMG vs. FLKR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSMG Leverage Shares 2X Long TSM Daily ETF | 48.29% | 71.03% |
FLKR Franklin FTSE South Korea ETF | 61.37% | 82.68% |
Correlation
The correlation between TSMG and FLKR is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2025 | 0.58 |
The correlation between TSMG and FLKR has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.
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Return for Risk
TSMG vs. FLKR — Risk / Return Rank
TSMG
FLKR
TSMG vs. FLKR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long TSM Daily ETF (TSMG) and Franklin FTSE South Korea ETF (FLKR). 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.
| TSMG | FLKR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.36 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 3.46 | -0.57 |
| Martin ratioReturn relative to average drawdown | 8.76 | 12.27 | -3.52 |
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Drawdowns
TSMG vs. FLKR - Drawdown Comparison
The maximum TSMG drawdown since its inception was -63.67%, which is greater than FLKR's maximum drawdown of -50.06%. Use the drawdown chart below to compare losses from any high point for TSMG and FLKR.
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Drawdown Indicators
| TSMG | FLKR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.67% | -50.06% | -13.61% |
Max Drawdown (1Y)Largest decline over 1 year | -40.36% | -34.17% | -6.19% |
Max Drawdown (3Y)Largest decline over 3 years | — | -34.17% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.97% | — |
Current DrawdownCurrent decline from peak | -30.88% | -28.42% | -2.46% |
Average DrawdownAverage peak-to-trough decline | -17.02% | -21.96% | +4.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.29% | 9.61% | +3.68% |
Volatility
TSMG vs. FLKR - Volatility Comparison
Leverage Shares 2X Long TSM Daily ETF (TSMG) has a higher volatility of 28.22% compared to Franklin FTSE South Korea ETF (FLKR) at 21.39%. This indicates that TSMG's price experiences larger fluctuations and is considered to be riskier than FLKR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSMG | FLKR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.22% | 21.39% | +6.83% |
Volatility (6M)Calculated over the trailing 6-month period | 67.16% | 50.33% | +16.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.37% | 53.42% | +28.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.13% | 32.16% | +52.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.13% | 29.79% | +55.34% |
TSMG vs. FLKR - Expense Ratio Comparison
TSMG has a 0.75% expense ratio, which is higher than FLKR's 0.09% expense ratio.
Dividends
TSMG vs. FLKR - Dividend Comparison
TSMG's dividend yield for the trailing twelve months is around 7.74%, more than FLKR's 2.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLKR Franklin FTSE South Korea ETF | 2.86% | 3.87% | 7.08% | 2.28% | 3.13% | 2.12% | 0.99% | 2.09% | 1.86% | 1.02% |
TSMG Leverage Shares 2X Long TSM Daily ETF | 7.74% | 11.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSMG and FLKR have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSMG has higher volatility (28.22%) compared to FLKR (21.39%). In terms of maximum drawdown, TSMG dropped -63.67% vs FLKR's -50.06%.
On 1-year performance, TSMG leads with 127.86% vs 124.39% for FLKR. On fees, FLKR is cheaper at 0.09% per year. On volatility, FLKR has been the lower-risk option at 21.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TSMG has performed better with a 127.86% return vs 124.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLKR is cheaper with a 0.09% expense ratio, compared with 0.75% for TSMG.
TSMG has the higher dividend yield at 7.74%, compared with 2.86% for FLKR.
TSMG is categorized as Leveraged Equities, while FLKR is South Korea Equities. They also come from different issuers: Leverage Shares and Franklin Templeton. Their fees differ too: 0.75% for TSMG and 0.09% for FLKR.
FLKR currently has the higher Sharpe Ratio (2.21 vs 1.41), 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.
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