TSMU vs. GEMG
TSMU (GraniteShares 2x Long TSM Daily ETF) and GEMG (Leverage Shares 2X Long GEMI Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.25 correlation, their price movements are largely independent. TSMU charges 1.50%/yr vs 0.75%/yr for GEMG.
Performance
TSMU vs. GEMG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TSMU achieves a 100.14% return, which is significantly higher than GEMG's -87.55% return.
TSMU
- 1D
- 13.75%
- 1M
- 25.38%
- YTD
- 100.14%
- 6M
- 120.40%
- 1Y
- 267.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GEMG
- 1D
- -3.78%
- 1M
- -28.15%
- YTD
- -87.55%
- 6M
- -90.68%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSMU vs. GEMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSMU GraniteShares 2x Long TSM Daily ETF | 100.14% | 3.74% |
GEMG Leverage Shares 2X Long GEMI Daily ETF | -87.55% | -71.91% |
Correlation
The correlation between TSMU and GEMG is 0.25, 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 Nov 5, 2025 | 0.25 |
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. GEMG — Risk / Return Rank
TSMU
GEMG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSMU vs. GEMG - 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 GEMI Daily ETF (GEMG). 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 | GEMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.40 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 7.31 | — | — |
| Martin ratioReturn relative to average drawdown | 23.31 | — | — |
Loading charts...
Drawdowns
TSMU vs. GEMG - Drawdown Comparison
The maximum TSMU drawdown since its inception was -63.73%, smaller than the maximum GEMG drawdown of -97.26%. Use the drawdown chart below to compare losses from any high point for TSMU and GEMG.
Loading charts...
Drawdown Indicators
| TSMU | GEMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.73% | -97.26% | +33.53% |
Max Drawdown (1Y)Largest decline over 1 year | -35.18% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -96.71% | +96.71% |
Average DrawdownAverage peak-to-trough decline | -15.76% | -80.97% | +65.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.02% | — | — |
Volatility
TSMU vs. GEMG - Volatility Comparison
Loading charts...
Volatility by Period
| TSMU | GEMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.72% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 58.50% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 75.01% | 220.57% | -145.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.76% | 220.57% | -138.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.76% | 220.57% | -138.81% |
TSMU vs. GEMG - Expense Ratio Comparison
TSMU has a 1.50% expense ratio, which is higher than GEMG's 0.75% expense ratio.
Dividends
TSMU vs. GEMG - Dividend Comparison
Neither TSMU nor GEMG has paid dividends to shareholders.
Frequently Asked Questions
TSMU and GEMG have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GEMG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GEMG is cheaper with a 0.75% expense ratio, compared with 1.50% for TSMU.
TSMU and GEMG 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 GEMG.
Find the right allocation for TSMU and GEMG
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