XYZG vs. TSMX

Last updated Apr 1, 2026

Compare and contrast key facts about Leverage Shares 2X Long XYZ Daily ETF (XYZG) and Direxion Daily TSM Bull 2X Shares (TSMX).

XYZG and TSMX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XYZG is an actively managed fund by Leverage Shares. It was launched on Apr 4, 2025. TSMX is an actively managed fund by Direxion. It was launched on Oct 3, 2024.

Performance

XYZG vs. TSMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long XYZ Daily ETF (XYZG) and Direxion Daily TSM Bull 2X Shares (TSMX). The values are adjusted to include any dividend payments, if applicable.

XYZG vs. TSMX - Yearly Performance Comparison

	2026 (YTD)	2025
XYZG Leverage Shares 2X Long XYZ Daily ETF	-24.64%	21.85%
TSMX Direxion Daily TSM Bull 2X Shares	16.15%	265.23%

Returns By Period

In the year-to-date period, XYZG achieves a -24.64% return, which is significantly lower than TSMX's 16.15% return.

XYZG

• 1D: 10.73%
• 1M: -14.00%
• YTD: -24.64%
• 6M: -44.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMX

• 1D: 13.81%
• 1M: -20.58%
• YTD: 16.15%
• 6M: 30.27%
• 1Y: 227.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XYZG vs. TSMX - Expense Ratio Comparison

XYZG has a 0.75% expense ratio, which is lower than TSMX's 1.05% expense ratio.

TSMX

Direxion Daily TSM Bull 2X Shares

XYZG

Leverage Shares 2X Long XYZ Daily ETF

Return for Risk

XYZG vs. TSMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TSMX

TSMX Risk / Return Rank: 96
TSMX Sharpe Ratio Rank: 97
TSMX Sortino Ratio Rank: 95
TSMX Omega Ratio Rank: 91
TSMX Calmar Ratio Rank: 98
TSMX Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XYZG vs. TSMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long XYZ Daily ETF (XYZG) and Direxion Daily TSM Bull 2X Shares (TSMX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	XYZG	TSMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.95	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	1.01	-1.09

Correlation

The correlation between XYZG and TSMX is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

XYZG vs. TSMX - Dividend Comparison

XYZG's dividend yield for the trailing twelve months is around 8.88%, more than TSMX's 7.11% yield.

	TTM	2025	2024
XYZG Leverage Shares 2X Long XYZ Daily ETF	8.88%	6.69%	0.00%
TSMX Direxion Daily TSM Bull 2X Shares	7.11%	8.01%	0.53%

Drawdowns

XYZG vs. TSMX - Drawdown Comparison

The maximum XYZG drawdown since its inception was -69.40%, which is greater than TSMX's maximum drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for XYZG and TSMX.

Drawdown Indicators

	XYZG	TSMX	Difference
Max Drawdown Largest peak-to-trough decline	-69.40%	-63.80%	-5.60%
Max Drawdown (1Y) Largest decline over 1 year	—	-34.93%	—
Current Drawdown Current decline from peak	-57.18%	-25.94%	-31.24%
Average Drawdown Average peak-to-trough decline	-26.33%	-16.74%	-9.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.22%	—

Volatility

Volatility by Period

	XYZG	TSMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	29.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	54.61%	—
Volatility (1Y) Calculated over the trailing 1-year period	107.33%	77.49%	+29.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.33%	81.26%	+26.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.33%	81.26%	+26.07%