Leverage Shares 2X Long TSM Daily ETF (TSMG) Performance
TSMG total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +51.2% since Dec 31, 2025
- 1 year
- +60.0% total return
- Since first price
- +60.4% since 2024
TSMG trailing returns vs SPY, QQQ, AGG
| Period | TSMG total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −14.4% | −14.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −4.5% | −4.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +3.4% | +3.4% | +7.8% | +8.4% | −1.5% |
| YTD | +51.2% | +51.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +60.0% | +43.2% | +14.4% | +15.9% | −1.1% |
| Since inceptionDec 5, 2024 | +60.4% | +43.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: TSMG vs SPY
From Dec 5, 2024: TSMG grew to $16,044, SPY to $12,816.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TSMG returns by calendar year
1 of 1 full years positive. Best 2025 (+6.1%), worst 2025 (+6.1%). 2026 is year to date.
TSMG annual returns table
| Year | TSMG | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +51.2% | −40.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +6.1% | −63.7% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
TSMG largest drawdowns
Now 29.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 9, 2024 | −73.1% | Apr 8, 2025 | Oct 1, 2025 | 4 months | 10 months |
| Jun 30, 2026 | −40.4% | Jul 29, 2026 | not yet | 29 days | 4 months so far |
| Feb 25, 2026 | −35.3% | Mar 30, 2026 | Apr 24, 2026 | 33 days | 58 days |
| Oct 8, 2025 | −21.4% | Nov 21, 2025 | Jan 2, 2026 | 44 days | 3 months |
| Jun 2, 2026 | −17.7% | Jun 10, 2026 | Jun 18, 2026 | 8 days | 16 days |
| Jun 22, 2026 | −15.4% | Jun 26, 2026 | Jun 30, 2026 | 4 days | 8 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
TSMG risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +46.5% |
| Volatility (annualized) | 81.9% |
| Sharpe ratio | 0.82 |
| Sortino ratio | 1.39 |
| Best month | +44.6% |
| Worst month | −37.6% |
| Best 12 months | +355.9% |
| Worst 12 months | +6.1% |
| Positive months | 62% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
TSMG rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 11 | +6.1% | +150.5% | +355.9% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
TSMG performance overview
Leverage Shares 2X Long TSM Daily ETF (TSMG) returned +60.0% over the past year, with distributions reinvested. Since its first recorded price on Dec 5, 2024 it has returned +60.4%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −73.1%, from Dec 9, 2024 to Apr 8, 2025, and it took 6 months to get back to the old high. Volatility has been 81.9% a year.
Related: TSMG chart, TSMG dividends. See the TSMG overview for the latest quote and fund facts.
TSMG performance FAQ
What is the TSMG return over the past year?
TSMG returned +60.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 43.2%.
How much would $10,000 invested in TSMG be worth?
$10,000 invested in TSMG at its first recorded close on December 5, 2024 would be worth about $16,044 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of TSMG?
The largest peak-to-trough decline was −73.1% between December 9, 2024 and April 8, 2025. It recovered to the old high on October 1, 2025, 6 months after the bottom.
How volatile is TSMG?
Over the past history TSMG had an annualized volatility of 81.9% and a Sharpe ratio of 0.82 (excess return over 1–3 month T-bills per unit of risk).