TSMG vs. SNXX

Last updated Aug 4, 2026

TSMG (Leverage Shares 2X Long TSM Daily ETF) and SNXX (Tradr 2X Long SNDK Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their 0.51 correlation means they have sometimes moved together and sometimes differently. TSMG charges 0.75%/yr vs 1.49%/yr for SNXX.

Performance

TSMG vs. SNXX - Performance Comparison

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

Returns By Period

TSMG

• 1D: 1.17%
• 1M: -15.01%
• 6M: 21.20%
• YTD: 50.02%
• 1Y: 130.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 83.69%

SNXX

• 1D: 11.67%
• 1M: -56.36%
• 6M: 72.43%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SNXX Tradr 2X Long SNDK Daily ETF	$1.53B	$1.54B	$1.42B
TSMG Leverage Shares 2X Long TSM Daily ETF	$3.54M	$4.48M	$4.36M

TSMG vs. SNXX - Yearly Performance Comparison

	2026 (YTD)
TSMG Leverage Shares 2X Long TSM Daily ETF	27.34%
SNXX Tradr 2X Long SNDK Daily ETF	217.75%

Correlation

The correlation between TSMG and SNXX is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 27, 2026	0.51

Return for Risk

TSMG vs. SNXX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TSMG

TSMG Risk / Return Rank: 70
TSMG Sharpe Ratio Rank: 67
TSMG Sortino Ratio Rank: 65
TSMG Omega Ratio Rank: 60
TSMG Calmar Ratio Rank: 84
TSMG Martin Ratio Rank: 75

SNXX

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TSMG vs. SNXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long TSM Daily ETF (TSMG) and Tradr 2X Long SNDK Daily ETF (SNXX). 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	SNXX	Difference
Sharpe ratio: Return per unit of total volatility	1.60	—	—
Sortino ratio: Return per unit of downside risk	2.22	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	3.25	—	—
Martin ratio: Return relative to average drawdown	9.77	—	—

Drawdowns

TSMG vs. SNXX - Drawdown Comparison

The maximum TSMG drawdown since its inception was -63.67%, smaller than the maximum SNXX drawdown of -85.09%. Use the drawdown chart below to compare losses from any high point for TSMG and SNXX.

Drawdown Indicators

	TSMG	SNXX	Difference
Max Drawdown Largest peak-to-trough decline	-63.67%	-85.09%	+21.42%
Max Drawdown (1Y) Largest decline over 1 year	-40.36%	—	—
Current Drawdown Current decline from peak	-30.07%	-77.46%	+47.39%
Average Drawdown Average peak-to-trough decline	-17.05%	-23.24%	+6.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.41%	—	—

Volatility

Volatility by Period

	TSMG	SNXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.04%	—	—
Volatility (6M) Calculated over the trailing 6-month period	66.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	82.33%	237.17%	-154.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.02%	237.17%	-152.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	85.02%	237.17%	-152.15%

TSMG vs. SNXX - Expense Ratio Comparison

TSMG has a 0.75% expense ratio, which is lower than SNXX's 1.49% expense ratio.

Dividends

TSMG vs. SNXX - Dividend Comparison

TSMG's dividend yield for the trailing twelve months is around 7.65%, while SNXX has not paid dividends to shareholders.

Position	TTM	2025
SNXX Tradr 2X Long SNDK Daily ETF	0.00%	0.00%
TSMG Leverage Shares 2X Long TSM Daily ETF	7.65%	11.48%

Frequently Asked Questions

Can I hold both TSMG and SNXX in my portfolio?

TSMG and SNXX have a correlation of 0.51, 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 SNXX?

On fees, TSMG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSMG or SNXX?

TSMG is cheaper with a 0.75% expense ratio, compared with 1.49% for SNXX.

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

TSMG has the higher dividend yield at 7.65%, compared with 0.00% for SNXX.

What is the main difference between TSMG and SNXX?

They also come from different issuers: Leverage Shares and Tradr. Their fees differ too: 0.75% for TSMG and 1.49% for SNXX.