URSP vs. TSMG
URSP (ProShares Ultra S&P 500 Equal Weight ETF) and TSMG (Leverage Shares 2X Long TSM Daily ETF) are both Leveraged Equities funds. URSP is passively managed, while TSMG is actively managed. Their 0.32 correlation means their historical movements had little consistent relationship. URSP charges 0.95%/yr vs 0.75%/yr for TSMG.
Performance
URSP vs. TSMG - Performance Comparison
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Returns By Period
In the year-to-date period, URSP achieves a 22.76% return, which is significantly lower than TSMG's 48.29% return.
URSP
- 1D
- -0.29%
- 1M
- -0.25%
- 6M
- 15.52%
- YTD
- 22.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TSMG
- 1D
- -0.01%
- 1M
- -15.99%
- 6M
- 27.89%
- YTD
- 48.29%
- 1Y
- 127.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 82.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.62M | $4.60M | $4.37M | |
| $2.68M | $2.91M | $2.10M |
URSP vs. TSMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
URSP ProShares Ultra S&P 500 Equal Weight ETF | 22.76% | 1.59% |
TSMG Leverage Shares 2X Long TSM Daily ETF | 48.29% | 52.19% |
Correlation
The correlation between URSP and TSMG is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 27, 2025 | 0.32 |
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Return for Risk
URSP vs. TSMG — Risk / Return Rank
URSP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSMG
URSP vs. TSMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra S&P 500 Equal Weight ETF (URSP) and Leverage Shares 2X Long TSM Daily ETF (TSMG). 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.
| URSP | TSMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.89 | — |
| Martin ratioReturn relative to average drawdown | — | 8.76 | — |
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Drawdowns
URSP vs. TSMG - Drawdown Comparison
The maximum URSP drawdown since its inception was -15.72%, smaller than the maximum TSMG drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for URSP and TSMG.
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Drawdown Indicators
| URSP | TSMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.72% | -63.67% | +47.95% |
Max Drawdown (1Y)Largest decline over 1 year | — | -40.36% | — |
Current DrawdownCurrent decline from peak | -2.52% | -30.88% | +28.36% |
Average DrawdownAverage peak-to-trough decline | -2.89% | -17.02% | +14.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 13.29% | — |
Volatility
URSP vs. TSMG - Volatility Comparison
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Volatility by Period
| URSP | TSMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 28.22% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 67.16% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.34% | 82.37% | -59.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.34% | 85.13% | -61.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.34% | 85.13% | -61.79% |
URSP vs. TSMG - Expense Ratio Comparison
URSP has a 0.95% expense ratio, which is higher than TSMG's 0.75% expense ratio.
Dividends
URSP vs. TSMG - Dividend Comparison
URSP's dividend yield for the trailing twelve months is around 0.91%, less than TSMG's 7.74% yield.
| Position | TTM | 2025 |
|---|---|---|
TSMG Leverage Shares 2X Long TSM Daily ETF | 7.74% | 11.48% |
URSP ProShares Ultra S&P 500 Equal Weight ETF | 0.91% | 0.38% |
Frequently Asked Questions
URSP and TSMG have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSMG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSMG is cheaper with a 0.75% expense ratio, compared with 0.95% for URSP.
TSMG has the higher dividend yield at 7.74%, compared with 0.91% for URSP.
They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for URSP and 0.75% for TSMG.
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