TSMG vs. JNUG
Compare and contrast key facts about Leverage Shares 2X Long TSM Daily ETF (TSMG) and Direxion Daily Junior Gold Miners Index Bull 2x Shares (JNUG).
TSMG and JNUG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSMG is an actively managed fund by Leverage Shares. It was launched on Jan 14, 2025. JNUG is a passively managed fund by Direxion that tracks the performance of the MVIS Global Junior Gold Miners Index (300%). It was launched on Apr 1, 2020.
Performance
TSMG vs. JNUG - Performance Comparison
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TSMG vs. JNUG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSMG Leverage Shares 2X Long TSM Daily ETF | 16.19% | 76.34% |
JNUG Direxion Daily Junior Gold Miners Index Bull 2x Shares | -2.90% | 408.86% |
Returns By Period
In the year-to-date period, TSMG achieves a 16.19% return, which is significantly higher than JNUG's -2.90% return.
TSMG
- 1D
- 13.90%
- 1M
- -20.55%
- YTD
- 16.19%
- 6M
- 30.36%
- 1Y
- 227.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JNUG
- 1D
- 16.82%
- 1M
- -43.82%
- YTD
- -2.90%
- 6M
- 23.61%
- 1Y
- 229.39%
- 3Y*
- 71.24%
- 5Y*
- 20.38%
- 10Y*
- -17.78%
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TSMG vs. JNUG - Expense Ratio Comparison
TSMG has a 0.75% expense ratio, which is lower than JNUG's 1.17% expense ratio.
Return for Risk
TSMG vs. JNUG — Risk / Return Rank
TSMG
JNUG
TSMG vs. JNUG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long TSM Daily ETF (TSMG) and Direxion Daily Junior Gold Miners Index Bull 2x Shares (JNUG). 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.
| TSMG | JNUG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.98 | 2.29 | +0.69 |
Sortino ratioReturn per unit of downside risk | 3.08 | 2.40 | +0.68 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.34 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 6.44 | 4.14 | +2.30 |
Martin ratioReturn relative to average drawdown | 20.11 | 12.80 | +7.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TSMG | JNUG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.98 | 2.29 | +0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.26 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | -0.29 | +1.29 |
Correlation
The correlation between TSMG and JNUG is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
TSMG vs. JNUG - Dividend Comparison
TSMG's dividend yield for the trailing twelve months is around 9.88%, more than JNUG's 1.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSMG Leverage Shares 2X Long TSM Daily ETF | 9.88% | 11.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JNUG Direxion Daily Junior Gold Miners Index Bull 2x Shares | 1.26% | 1.04% | 2.01% | 1.62% | 0.00% | 0.52% | 0.10% | 0.46% | 0.06% | 0.51% |
Drawdowns
TSMG vs. JNUG - Drawdown Comparison
The maximum TSMG drawdown since its inception was -63.67%, smaller than the maximum JNUG drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for TSMG and JNUG.
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Drawdown Indicators
| TSMG | JNUG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.67% | -99.95% | +36.28% |
Max Drawdown (1Y)Largest decline over 1 year | -35.29% | -56.39% | +21.10% |
Max Drawdown (5Y)Largest decline over 5 years | — | -81.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.66% | — |
Current DrawdownCurrent decline from peak | -26.30% | -99.46% | +73.16% |
Average DrawdownAverage peak-to-trough decline | -18.22% | -93.81% | +75.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.30% | 18.24% | -6.94% |
Volatility
TSMG vs. JNUG - Volatility Comparison
The current volatility for Leverage Shares 2X Long TSM Daily ETF (TSMG) is 29.05%, while Direxion Daily Junior Gold Miners Index Bull 2x Shares (JNUG) has a volatility of 42.10%. This indicates that TSMG experiences smaller price fluctuations and is considered to be less risky than JNUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSMG | JNUG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.05% | 42.10% | -13.05% |
Volatility (6M)Calculated over the trailing 6-month period | 54.76% | 86.37% | -31.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.02% | 100.96% | -23.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.35% | 79.29% | +2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.35% | 108.98% | -27.63% |