TSMU vs. BEG
TSMU (GraniteShares 2x Long TSM Daily ETF) and BEG (Leverage Shares 2X Long BE Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.45 correlation, their price movements are largely independent. TSMU charges 1.50%/yr vs 0.75%/yr for BEG.
Performance
TSMU vs. BEG - Performance Comparison
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Returns By Period
In the year-to-date period, TSMU achieves a 76.82% return, which is significantly lower than BEG's 658.88% return.
TSMU
- 1D
- -13.58%
- 1M
- 12.60%
- YTD
- 76.82%
- 6M
- 84.23%
- 1Y
- 224.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BEG
- 1D
- -13.66%
- 1M
- 4.00%
- YTD
- 658.88%
- 6M
- 577.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSMU vs. BEG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSMU GraniteShares 2x Long TSM Daily ETF | 76.82% | 10.33% |
BEG Leverage Shares 2X Long BE Daily ETF | 658.88% | 1.77% |
Correlation
The correlation between TSMU and BEG is 0.45, 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 Dec 16, 2025 | 0.45 |
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Return for Risk
TSMU vs. BEG — Risk / Return Rank
TSMU
BEG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSMU vs. BEG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long TSM Daily ETF (TSMU) and Leverage Shares 2X Long BE Daily ETF (BEG). 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.
| TSMU | BEG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.37 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 6.43 | — | — |
| Martin ratioReturn relative to average drawdown | 20.44 | — | — |
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Drawdowns
TSMU vs. BEG - Drawdown Comparison
The maximum TSMU drawdown since its inception was -63.73%, which is greater than BEG's maximum drawdown of -59.85%. Use the drawdown chart below to compare losses from any high point for TSMU and BEG.
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Drawdown Indicators
| TSMU | BEG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.73% | -59.85% | -3.88% |
Max Drawdown (1Y)Largest decline over 1 year | -35.18% | — | — |
Current DrawdownCurrent decline from peak | -13.58% | -13.66% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -15.71% | -16.74% | +1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.05% | — | — |
Volatility
TSMU vs. BEG - Volatility Comparison
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Volatility by Period
| TSMU | BEG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.59% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 59.71% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 76.25% | 212.91% | -136.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.32% | 212.91% | -130.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.32% | 212.91% | -130.59% |
TSMU vs. BEG - Expense Ratio Comparison
TSMU has a 1.50% expense ratio, which is higher than BEG's 0.75% expense ratio.
Dividends
TSMU vs. BEG - Dividend Comparison
Neither TSMU nor BEG has paid dividends to shareholders.
Frequently Asked Questions
TSMU and BEG have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BEG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BEG is cheaper with a 0.75% expense ratio, compared with 1.50% for TSMU.
TSMU and BEG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.50% for TSMU and 0.75% for BEG.
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