TSMG vs. SOXL

Last updated Apr 1, 2026

Compare and contrast key facts about Leverage Shares 2X Long TSM Daily ETF (TSMG) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).

TSMG and SOXL 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. SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010.

Performance

TSMG vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long TSM Daily ETF (TSMG) and Direxion Daily Semiconductor Bull 3x Shares (SOXL). The values are adjusted to include any dividend payments, if applicable.

TSMG vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025
TSMG Leverage Shares 2X Long TSM Daily ETF	16.19%	76.34%
SOXL Direxion Daily Semiconductor Bull 3x Shares	13.99%	50.45%

Returns By Period

In the year-to-date period, TSMG achieves a 16.19% return, which is significantly higher than SOXL's 13.99% return.

TSMG

• 1D: 13.90%
• 1M: -20.55%
• YTD: 16.19%
• 6M: 30.36%
• 1Y: 227.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXL

• 1D: 17.95%
• 1M: -23.67%
• YTD: 13.99%
• 6M: 37.51%
• 1Y: 201.41%
• 3Y*: 38.75%
• 5Y*: 3.09%
• 10Y*: 39.88%

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

TSMG vs. SOXL - Expense Ratio Comparison

TSMG has a 0.75% expense ratio, which is lower than SOXL's 0.99% expense ratio.

SOXL

Direxion Daily Semiconductor Bull 3x Shares

TSMG

Leverage Shares 2X Long TSM Daily ETF

Return for Risk

TSMG vs. SOXL — Risk / Return Rank

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

TSMG

TSMG Risk / Return Rank: 96
TSMG Sharpe Ratio Rank: 97
TSMG Sortino Ratio Rank: 95
TSMG Omega Ratio Rank: 91
TSMG Calmar Ratio Rank: 98
TSMG Martin Ratio Rank: 97

SOXL

SOXL Risk / Return Rank: 90
SOXL Sharpe Ratio Rank: 86
SOXL Sortino Ratio Rank: 88
SOXL Omega Ratio Rank: 87
SOXL Calmar Ratio Rank: 96
SOXL Martin Ratio Rank: 92

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. SOXL - 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 Semiconductor Bull 3x Shares (SOXL). 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	SOXL	Difference
Sharpe ratio Return per unit of total volatility	2.98	1.70	+1.28
Sortino ratio Return per unit of downside risk	3.08	2.34	+0.74
Omega ratio Gain probability vs. loss probability	1.39	1.34	+0.05
Calmar ratio Return relative to maximum drawdown	6.44	4.06	+2.38
Martin ratio Return relative to average drawdown	20.11	12.39	+7.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSMG vs. SOXL - Sharpe Ratio Comparison

The current TSMG Sharpe Ratio is 2.98, which is higher than the SOXL Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of TSMG and SOXL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TSMG	SOXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.98	1.70	+1.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.03	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.00	0.35	+0.65

Correlation

The correlation between TSMG and SOXL is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TSMG vs. SOXL - Dividend Comparison

TSMG's dividend yield for the trailing twelve months is around 9.88%, more than SOXL's 0.16% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%	0.00%
SOXL Direxion Daily Semiconductor Bull 3x Shares	0.16%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%

Drawdowns

TSMG vs. SOXL - Drawdown Comparison

The maximum TSMG drawdown since its inception was -63.67%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for TSMG and SOXL.

Drawdown Indicators

	TSMG	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-63.67%	-90.46%	+26.79%
Max Drawdown (1Y) Largest decline over 1 year	-35.29%	-49.26%	+13.97%
Max Drawdown (5Y) Largest decline over 5 years	—	-90.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-90.46%	—
Current Drawdown Current decline from peak	-26.30%	-33.33%	+7.03%
Average Drawdown Average peak-to-trough decline	-18.22%	-35.34%	+17.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.30%	16.14%	-4.84%

Volatility

TSMG vs. SOXL - Volatility Comparison

The current volatility for Leverage Shares 2X Long TSM Daily ETF (TSMG) is 29.05%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 40.35%. This indicates that TSMG experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSMG	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.05%	40.35%	-11.30%
Volatility (6M) Calculated over the trailing 6-month period	54.76%	79.51%	-24.75%
Volatility (1Y) Calculated over the trailing 1-year period	77.02%	119.21%	-42.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.35%	105.43%	-24.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.35%	97.70%	-16.35%