TSMU ETF — GraniteShares 2x Long TSM Daily ETF

GraniteShares 2x Long TSM Daily ETF (TSMU)

TSMU is an ETF that tracks the Taiwan Semiconductor Manufacturing (TSM). As of August 28, 2026, its expense ratio is 1.50%. Fund total return is 173.6% over the past 1.8 years, 51.9 points ahead of TSM at 121.7%.

GraniteShares 2x Long TSM Daily ETF is a leveraged ETF that seeks to replicate twice the daily percentage movements of Taiwan Semiconductor Manufacturing Company (TSM) through swaps, options, and direct stock purchases; it is non-diversified and designed for short-term tactical trading rather than buy-and-hold investing. The fund does not distribute income and carries an expense ratio of 1.50%. It appeals to active traders and investors seeking leveraged equity exposure to semiconductor stocks, though the daily reset mechanism means returns over longer periods will likely diverge significantly from 2x the underlying stock's performance.

TSMU performance versus TSM

Data as of August 28, 2026.

Fund total return is 173.6% over the past 1.8 years, 51.9 points ahead of TSM at 121.7%. Its deepest 1-year drawdown was 40.7%.

TSMU key facts

Data as of August 28, 2026.

Issuer

GraniteShares

Asset type

ETF

Asset class

Equity

Inception date

11/11/2024

Expense ratio

1.50%

Distribution frequency

None

Last close

$66.58

AUM

$64,036,629

Average volume

26298.0

Beta

4.244

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 28, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 28, 2026.

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); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from GraniteShares.