Leverage Shares 2X Long TSM Daily ETF (TSMG) — Stock Correlations & Overview
Over the past year, TSMG has moved most closely with TSM, TSMU, TSMX. Explore the stocks most correlated and inversely correlated with TSMG below, along with its price, financials, and company profile.
Stocks correlated with TSMG
Correlation of daily returns. Higher positive values move with TSMG; negative values move opposite it. Informational only, not investment advice.
Most correlated with TSMG
| Symbol | Company | Correlation |
|---|---|---|
| TSM | Taiwan Semiconductor Manufacturing Company Ltd. | 0.99 |
| TSMU | GraniteShares 2x Long TSM Daily ETF | 0.99 |
| TSMX | Direxion Shares ETF Trust Direxion Daily TSM Bull 2X ETF | 0.99 |
| TSMY | YieldMax TSM Option Income Strategy ETF | 0.94 |
| JHAI | Janus Henderson Global Artificial Intelligence ETF | 0.86 |
Most inversely correlated with TSMG
| Symbol | Company | Correlation |
|---|---|---|
| TSMZ | Direxion Shares ETF Trust Direxion Daily TSM Bear 1X ETF | -0.99 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.83 |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.79 |
| SSG | ProShares UltraShort Semiconductors | -0.79 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.78 |
Frequently asked questions about TSMG correlations
- Which stocks are most correlated with TSMG?
- Based on one year of daily returns, the stocks most correlated with Leverage Shares 2X Long TSM Daily ETF (TSMG) are TSM (0.99), TSMU (0.99) and TSMX (0.99). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with TSMG?
- Over the past year, the stocks most inversely correlated with Leverage Shares 2X Long TSM Daily ETF (TSMG) are TSMZ (-0.99), TSXD (-0.83) and SOXS (-0.79). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these TSMG correlations calculated?
- We compute the correlation of daily returns between TSMG and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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