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TSMU ETF — GraniteShares 2x Long TSM Daily ETF
GraniteShares 2x Long TSM Daily ETF (TSMU)
Updated October 27, 2026.
TSMU is an ETF linked to Taiwan Semiconductor Manufacturing (TSM). Its expense ratio is 1.50%. Total return is 188.5% over the past 2 years, 55.9 points ahead of TSM at 132.6%.
GraniteShares 2x Long TSM Daily ETF is a leveraged ETF that seeks to replicate twice the daily percentage change of Taiwan Semiconductor Manufacturing Company (TSM) stock by using swaps, options, and direct stock purchases; the fund is non-diversified and carries a 1.50% expense ratio. The fund does not distribute income to shareholders. This ETF appeals to traders and tactical investors seeking amplified daily price exposure to TSM, though leverage magnifies both gains and losses and compounds over longer holding periods.
TSMU reference asset
Economic / reference exposure: TSM.
TSMU performance versus TSM
Total return is 188.5% over the past 2 years, 55.9 points ahead of TSM at 132.6%. Over the past year its total return — price change plus distributions reinvested — is 59.9%. Its deepest 1-year drawdown was 40.7%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -8.3% | — |
| 3M | 12.0% | — |
| 6M | -0.3% | — |
| YTD | 60.2% | — |
| 1Y | 59.9% | — |
| Since inception (2 years) | 188.5% | 72.00% |
TSMU key facts
- Issuer
- GraniteShares
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 11/11/2024
- Expense ratio
- 1.50%
- Distribution frequency
- None
- Last close
- $70.19 (as of 2026-10-27)
- AUM
- $38,406,390
- Average volume
- 51,382
- Beta
- 4.244
How Dividend Vision calculates returns
Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: GraniteShares; Index: Taiwan Semiconductor Manufacturing (TSM); prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
TSMU risks and drawbacks
The deepest 1-year drawdown on record here is 40.7%.
Who may consider TSMU — and who may not
It is a weaker fit for investors who need monthly cash flow (TSMU does not currently distribute). This is educational context, not a recommendation to buy or sell.
More on TSMU
Frequently asked questions
Does TSMU pay monthly?
No. TSMU does not currently distribute.
What is TSMU linked to?
TSMU is linked to Taiwan Semiconductor Manufacturing (TSM), not a broad market index.
What is TSMU's expense ratio?
TSMU's expense ratio is 1.50%.
When does TSMU pay a dividend?
TSMU does not currently distribute.
How has TSMU performed?
Total return is 188.5% over the past 2 years, 55.9 points ahead of TSM at 132.6%. Over the past year its total return — price change plus distributions reinvested — is 59.9%. Its deepest 1-year drawdown was 40.7%.
More securities from GraniteShares.
Tickers
Holdings as-of date unavailable.
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