AAOX vs. BMNG

Last updated Jun 4, 2026

AAOX (Tradr 2X Long AAOI Daily ETF) and BMNG (Leverage Shares 2X Long BMNR Daily ETF) are both Leveraged Equities funds. AAOX is passively managed, while BMNG is actively managed. At a 0.23 correlation, their price movements are largely independent. AAOX charges 1.49%/yr vs 0.75%/yr for BMNG.

Performance

AAOX vs. BMNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long AAOI Daily ETF (AAOX) and Leverage Shares 2X Long BMNR Daily ETF (BMNG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AAOX

• 1D: -18.15%
• 1M: -7.11%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BMNG

• 1D: -12.21%
• 1M: -48.30%
• YTD: -75.13%
• 6M: -85.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AAOX vs. BMNG - Yearly Performance Comparison

	2026 (YTD)
AAOX Tradr 2X Long AAOI Daily ETF	68.69%
BMNG Leverage Shares 2X Long BMNR Daily ETF	-42.68%

Correlation

The correlation between AAOX and BMNG is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 25, 2026	0.23

Return for Risk

AAOX vs. BMNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long AAOI Daily ETF (AAOX) and Leverage Shares 2X Long BMNR Daily ETF (BMNG). 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

	AAOX	BMNG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	4.72	-0.52	+5.24

Drawdowns

AAOX vs. BMNG - Drawdown Comparison

The maximum AAOX drawdown since its inception was -52.25%, smaller than the maximum BMNG drawdown of -95.36%. Use the drawdown chart below to compare losses from any high point for AAOX and BMNG.

Drawdown Indicators

	AAOX	BMNG	Difference
Max Drawdown Largest peak-to-trough decline	-52.25%	-95.36%	+43.11%
Current Drawdown Current decline from peak	-38.59%	-95.36%	+56.77%
Average Drawdown Average peak-to-trough decline	-21.29%	-81.38%	+60.09%

Volatility

Volatility by Period

	AAOX	BMNG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	293.60%	191.58%	+102.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	293.60%	191.58%	+102.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	293.60%	191.58%	+102.02%

AAOX vs. BMNG - Expense Ratio Comparison

AAOX has a 1.49% expense ratio, which is higher than BMNG's 0.75% expense ratio.

Dividends

AAOX vs. BMNG - Dividend Comparison

Neither AAOX nor BMNG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AAOX and BMNG in my portfolio?

AAOX and BMNG have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AAOX or BMNG?

On fees, BMNG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AAOX or BMNG?

BMNG is cheaper with a 0.75% expense ratio, compared with 1.49% for AAOX.

Which ETF pays a higher dividend yield, AAOX or BMNG?

AAOX and BMNG have nearly identical dividend yields, around 0.00%.

What is the main difference between AAOX and BMNG?

They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.49% for AAOX and 0.75% for BMNG.