TSMG vs. IAK
TSMG (Leverage Shares 2X Long TSM Daily ETF) and IAK (iShares U.S. Insurance ETF) are both exchange-traded funds - TSMG is a Leveraged Equities fund actively managed by Leverage Shares, while IAK is a Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index. TSMG is actively managed, while IAK is passively managed. Over the past year, TSMG returned 127.86% vs 19.63% for IAK. Their -0.18 correlation means they have often moved in opposite directions in the past. TSMG charges 0.75%/yr vs 0.38%/yr for IAK.
Performance
TSMG vs. IAK - Performance Comparison
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Returns By Period
In the year-to-date period, TSMG achieves a 48.29% return, which is significantly higher than IAK's 10.07% return.
TSMG
- 1D
- -0.01%
- 1M
- -15.99%
- 6M
- 27.89%
- YTD
- 48.29%
- 1Y
- 127.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 82.91%
IAK
- 1D
- -0.31%
- 1M
- -0.06%
- 6M
- 12.67%
- YTD
- 10.07%
- 1Y
- 19.63%
- 3Y*
- 19.72%
- 5Y*
- 15.95%
- 10Y*
- 13.45%
- ALL TIME*
- 7.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.76M | $20.90M | $11.89M | |
| $3.62M | $4.60M | $4.37M |
TSMG vs. IAK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSMG Leverage Shares 2X Long TSM Daily ETF | 48.29% | 71.03% |
IAK iShares U.S. Insurance ETF | 10.07% | 12.71% |
Correlation
The correlation between TSMG and IAK is -0.29, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.29 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2025 | -0.18 |
The correlation between TSMG and IAK shifts across timeframes, from -0.29 (1 year) to -0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TSMG vs. IAK — Risk / Return Rank
TSMG
IAK
TSMG vs. IAK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long TSM Daily ETF (TSMG) and iShares U.S. Insurance ETF (IAK). 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 | IAK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.21 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 2.45 | +0.44 |
| Martin ratioReturn relative to average drawdown | 8.76 | 5.96 | +2.79 |
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Drawdowns
TSMG vs. IAK - Drawdown Comparison
The maximum TSMG drawdown since its inception was -63.67%, smaller than the maximum IAK drawdown of -77.38%. Use the drawdown chart below to compare losses from any high point for TSMG and IAK.
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Drawdown Indicators
| TSMG | IAK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.67% | -77.38% | +13.71% |
Max Drawdown (1Y)Largest decline over 1 year | -40.36% | -7.62% | -32.74% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.58% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.76% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.95% | — |
Current DrawdownCurrent decline from peak | -30.88% | -3.23% | -27.65% |
Average DrawdownAverage peak-to-trough decline | -17.02% | -16.01% | -1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.29% | 3.13% | +10.16% |
Volatility
TSMG vs. IAK - Volatility Comparison
Leverage Shares 2X Long TSM Daily ETF (TSMG) has a higher volatility of 28.22% compared to iShares U.S. Insurance ETF (IAK) at 7.03%. This indicates that TSMG's price experiences larger fluctuations and is considered to be riskier than IAK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSMG | IAK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.22% | 7.03% | +21.19% |
Volatility (6M)Calculated over the trailing 6-month period | 67.16% | 12.43% | +54.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.37% | 16.00% | +66.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.13% | 18.13% | +67.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.13% | 20.92% | +64.21% |
TSMG vs. IAK - Expense Ratio Comparison
TSMG has a 0.75% expense ratio, which is higher than IAK's 0.38% expense ratio.
Dividends
TSMG vs. IAK - Dividend Comparison
TSMG's dividend yield for the trailing twelve months is around 7.74%, more than IAK's 2.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAK iShares U.S. Insurance ETF | 2.43% | 1.69% | 1.49% | 1.44% | 1.69% | 2.26% | 2.07% | 1.84% | 2.33% | 1.62% | 1.68% | 1.62% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
TSMG and IAK have a correlation of -0.29, 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 IAK (7.03%). In terms of maximum drawdown, TSMG dropped -63.67% vs IAK's -77.38%.
On 1-year performance, TSMG leads with 127.86% vs 19.63% for IAK. On fees, IAK is cheaper at 0.38% per year. On volatility, IAK has been the lower-risk option at 7.03%. 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 19.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAK is cheaper with a 0.38% expense ratio, compared with 0.75% for TSMG.
TSMG has the higher dividend yield at 7.74%, compared with 2.43% for IAK.
TSMG is categorized as Leveraged Equities, while IAK is Financials Equities. They also come from different issuers: Leverage Shares and iShares. Their fees differ too: 0.75% for TSMG and 0.38% for IAK.
TSMG currently has the higher Sharpe Ratio (1.41 vs 1.17), 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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