ADBU vs. BMNG

Last updated Jun 4, 2026

ADBU (Direxion Daily ADBE Bull 2X ETF) and BMNG (Leverage Shares 2X Long BMNR Daily ETF) are both Leveraged Equities funds. ADBU is passively managed, while BMNG is actively managed. At a 0.17 correlation, their price movements are largely independent. ADBU charges 0.97%/yr vs 0.75%/yr for BMNG.

Performance

ADBU vs. BMNG - Performance Comparison

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

Returns By Period

ADBU

• 1D: -4.40%
• 1M: -0.73%
• 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)

ADBU vs. BMNG - Yearly Performance Comparison

	2026 (YTD)
ADBU Direxion Daily ADBE Bull 2X ETF	9.96%
BMNG Leverage Shares 2X Long BMNR Daily ETF	-45.07%

Correlation

The correlation between ADBU and BMNG is 0.17, 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 26, 2026	0.17

Return for Risk

ADBU vs. BMNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily ADBE Bull 2X ETF (ADBU) 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

	ADBU	BMNG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	-0.52	+1.25

Drawdowns

ADBU vs. BMNG - Drawdown Comparison

The maximum ADBU drawdown since its inception was -16.09%, smaller than the maximum BMNG drawdown of -95.36%. Use the drawdown chart below to compare losses from any high point for ADBU and BMNG.

Drawdown Indicators

	ADBU	BMNG	Difference
Max Drawdown Largest peak-to-trough decline	-16.09%	-95.36%	+79.27%
Current Drawdown Current decline from peak	-12.99%	-95.36%	+82.37%
Average Drawdown Average peak-to-trough decline	-6.33%	-81.38%	+75.05%

Volatility

Volatility by Period

	ADBU	BMNG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	90.05%	191.58%	-101.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.05%	191.58%	-101.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.05%	191.58%	-101.53%

ADBU vs. BMNG - Expense Ratio Comparison

ADBU has a 0.97% expense ratio, which is higher than BMNG's 0.75% expense ratio.

Dividends

ADBU vs. BMNG - Dividend Comparison

Neither ADBU nor BMNG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ADBU and BMNG in my portfolio?

ADBU and BMNG have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ADBU 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, ADBU or BMNG?

BMNG is cheaper with a 0.75% expense ratio, compared with 0.97% for ADBU.

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

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

What is the main difference between ADBU and BMNG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.97% for ADBU and 0.75% for BMNG.