TSMU vs. CMGG
TSMU (GraniteShares 2x Long TSM Daily ETF) and CMGG (Leverage Shares 2X Long CMG Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.01, they often move in opposite directions. TSMU charges 1.50%/yr vs 0.75%/yr for CMGG.
Performance
TSMU vs. CMGG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TSMU achieves a 104.61% return, which is significantly higher than CMGG's -39.24% return.
TSMU
- 1D
- 2.23%
- 1M
- 30.30%
- YTD
- 104.61%
- 6M
- 118.99%
- 1Y
- 276.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CMGG
- 1D
- -11.56%
- 1M
- -15.34%
- YTD
- -39.24%
- 6M
- -42.16%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSMU vs. CMGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSMU GraniteShares 2x Long TSM Daily ETF | 104.61% | 11.05% |
CMGG Leverage Shares 2X Long CMG Daily ETF | -39.24% | 36.20% |
Correlation
The correlation between TSMU and CMGG is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | -0.01 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TSMU vs. CMGG — Risk / Return Rank
TSMU
CMGG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSMU vs. CMGG - 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 CMG Daily ETF (CMGG). 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 | CMGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.42 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 7.90 | — | — |
| Martin ratioReturn relative to average drawdown | 25.20 | — | — |
Loading charts...
Drawdowns
TSMU vs. CMGG - Drawdown Comparison
The maximum TSMU drawdown since its inception was -63.73%, which is greater than CMGG's maximum drawdown of -56.75%. Use the drawdown chart below to compare losses from any high point for TSMU and CMGG.
Loading charts...
Drawdown Indicators
| TSMU | CMGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.73% | -56.75% | -6.98% |
Max Drawdown (1Y)Largest decline over 1 year | -35.18% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -49.61% | +49.61% |
Average DrawdownAverage peak-to-trough decline | -15.72% | -23.20% | +7.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.01% | — | — |
Volatility
TSMU vs. CMGG - Volatility Comparison
Loading charts...
Volatility by Period
| TSMU | CMGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.51% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 57.93% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 75.06% | 69.07% | +5.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.67% | 69.07% | +12.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.67% | 69.07% | +12.60% |
TSMU vs. CMGG - Expense Ratio Comparison
TSMU has a 1.50% expense ratio, which is higher than CMGG's 0.75% expense ratio.
Dividends
TSMU vs. CMGG - Dividend Comparison
Neither TSMU nor CMGG has paid dividends to shareholders.
Frequently Asked Questions
TSMU and CMGG have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CMGG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMGG is cheaper with a 0.75% expense ratio, compared with 1.50% for TSMU.
TSMU and CMGG 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 CMGG.
Find the right allocation for TSMU and CMGG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer