TSMG vs. SBU

Last updated Jun 25, 2026

TSMG (Leverage Shares 2X Long TSM Daily ETF) and SBU (Leverage Shares 2X Long SBUX Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. At a 0.16 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

TSMG vs. SBU - Performance Comparison

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

Returns By Period

In the year-to-date period, TSMG achieves a 83.76% return, which is significantly higher than SBU's 40.54% return.

TSMG

• 1D: 1.87%
• 1M: 15.01%
• YTD: 83.76%
• 6M: 89.30%
• 1Y: 218.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SBU

• 1D: 4.52%
• 1M: -0.19%
• YTD: 40.54%
• 6M: 39.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSMG vs. SBU - Yearly Performance Comparison

	2026 (YTD)	2025
TSMG Leverage Shares 2X Long TSM Daily ETF	83.76%	11.85%
SBU Leverage Shares 2X Long SBUX Daily ETF	40.54%	-6.03%

Correlation

The correlation between TSMG and SBU is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.16

Return for Risk

TSMG vs. SBU — Risk / Return Rank

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

TSMG

TSMG Risk / Return Rank: 85
TSMG Sharpe Ratio Rank: 92
TSMG Sortino Ratio Rank: 75
TSMG Omega Ratio Rank: 71
TSMG Calmar Ratio Rank: 94
TSMG Martin Ratio Rank: 92

SBU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

TSMG vs. SBU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long TSM Daily ETF (TSMG) and Leverage Shares 2X Long SBUX Daily ETF (SBU). 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	SBU	Difference
Sharpe ratio: Return per unit of total volatility	2.88	—	—
Sortino ratio: Return per unit of downside risk	3.00	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	6.22	—	—
Martin ratio: Return relative to average drawdown	19.84	—	—

Drawdowns

TSMG vs. SBU - Drawdown Comparison

The maximum TSMG drawdown since its inception was -63.67%, which is greater than SBU's maximum drawdown of -28.10%. Use the drawdown chart below to compare losses from any high point for TSMG and SBU.

Drawdown Indicators

	TSMG	SBU	Difference
Max Drawdown Largest peak-to-trough decline	-63.67%	-28.10%	-35.57%
Max Drawdown (1Y) Largest decline over 1 year	-35.29%	—	—
Current Drawdown Current decline from peak	-11.88%	-7.63%	-4.25%
Average Drawdown Average peak-to-trough decline	-16.63%	-7.39%	-9.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.05%	—	—

Volatility

Volatility by Period

	TSMG	SBU	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.95%	—	—
Volatility (6M) Calculated over the trailing 6-month period	60.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	76.79%	59.33%	+17.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.11%	59.33%	+23.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.11%	59.33%	+23.78%

TSMG vs. SBU - Expense Ratio Comparison

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

Dividends

TSMG vs. SBU - Dividend Comparison

TSMG's dividend yield for the trailing twelve months is around 6.25%, while SBU has not paid dividends to shareholders.

Position	TTM	2025
SBU Leverage Shares 2X Long SBUX Daily ETF	0.00%	0.00%
TSMG Leverage Shares 2X Long TSM Daily ETF	6.25%	11.48%

Frequently Asked Questions

Can I hold both TSMG and SBU in my portfolio?

TSMG and SBU have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSMG or SBU?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSMG or SBU?

TSMG and SBU have the same expense ratio: 0.75% per year.

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

TSMG has the higher dividend yield at 6.25%, compared with 0.00% for SBU.