TSMG vs. TSM
TSMG (Leverage Shares 2X Long TSM Daily ETF) is Leveraged Equities fund actively managed by Leverage Shares, while TSM (Taiwan Semiconductor Manufacturing Company Limited) is a stock. Over the past year, TSMG returned 295.67% vs 125.65% for TSM. With a 0.99 correlation, they move nearly in lockstep.
Performance
TSMG vs. TSM - Performance Comparison
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Returns By Period
In the year-to-date period, TSMG achieves a 108.52% return, which is significantly higher than TSM's 54.69% return.
TSMG
- 1D
- 2.19%
- 1M
- 30.51%
- YTD
- 108.52%
- 6M
- 123.61%
- 1Y
- 295.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSM
- 1D
- 1.20%
- 1M
- 15.88%
- YTD
- 54.69%
- 6M
- 60.28%
- 1Y
- 125.65%
- 3Y*
- 68.53%
- 5Y*
- 34.31%
- 10Y*
- 37.08%
TSMG vs. TSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSMG Leverage Shares 2X Long TSM Daily ETF | 108.52% | 71.03% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 54.69% | 52.91% |
Correlation
The correlation between TSMG and TSM is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2025 | 0.99 |
The correlation between TSMG and TSM has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
TSMG vs. TSM — Risk / Return Rank
TSMG
TSM
TSMG vs. TSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long TSM Daily ETF (TSMG) and Taiwan Semiconductor Manufacturing Company Limited (TSM). 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 | TSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.47 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 8.44 | 6.97 | +1.47 |
| Martin ratioReturn relative to average drawdown | 27.04 | 24.65 | +2.39 |
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Drawdowns
TSMG vs. TSM - Drawdown Comparison
The maximum TSMG drawdown since its inception was -63.67%, smaller than the maximum TSM drawdown of -89.08%. Use the drawdown chart below to compare losses from any high point for TSMG and TSM.
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Drawdown Indicators
| TSMG | TSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.67% | -89.08% | +25.41% |
Max Drawdown (1Y)Largest decline over 1 year | -35.29% | -18.14% | -17.15% |
Max Drawdown (3Y)Largest decline over 3 years | — | -36.82% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -56.47% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.47% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -16.65% | -42.82% | +26.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.99% | 5.12% | +5.87% |
Volatility
TSMG vs. TSM - Volatility Comparison
Leverage Shares 2X Long TSM Daily ETF (TSMG) has a higher volatility of 29.04% compared to Taiwan Semiconductor Manufacturing Company Limited (TSM) at 14.47%. This indicates that TSMG's price experiences larger fluctuations and is considered to be riskier than TSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSMG | TSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.04% | 14.47% | +14.57% |
Volatility (6M)Calculated over the trailing 6-month period | 59.04% | 29.15% | +29.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.62% | 37.56% | +38.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.51% | 37.65% | +44.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.51% | 34.35% | +48.16% |
Dividends
TSMG vs. TSM - Dividend Comparison
TSMG's dividend yield for the trailing twelve months is around 5.51%, more than TSM's 0.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSM Taiwan Semiconductor Manufacturing Company Limited | 0.75% | 1.00% | 1.18% | 1.78% | 2.49% | 1.57% | 1.56% | 3.46% | 3.64% | 2.32% | 2.61% | 2.54% |
TSMG Leverage Shares 2X Long TSM Daily ETF | 5.51% | 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
With a correlation of 1.00, TSMG and TSM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TSMG has higher volatility (29.04%) compared to TSM (14.47%). In terms of maximum drawdown, TSMG dropped -63.67% vs TSM's -89.08%.
TSMG currently has the higher Sharpe Ratio (3.95 vs 3.37), 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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