AFRU vs. BMNG

Last updated Jun 25, 2026

AFRU (T-REX 2X Long AFRM Daily Target ETF) and BMNG (Leverage Shares 2X Long BMNR Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.45 correlation, their price movements are largely independent. AFRU charges 1.50%/yr vs 0.75%/yr for BMNG.

Performance

AFRU vs. BMNG - Performance Comparison

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

Returns By Period

In the year-to-date period, AFRU achieves a -18.41% return, which is significantly higher than BMNG's -83.92% return.

AFRU

• 1D: 15.68%
• 1M: 34.14%
• YTD: -18.41%
• 6M: -22.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BMNG

• 1D: -14.39%
• 1M: -48.93%
• YTD: -83.92%
• 6M: -86.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AFRU vs. BMNG - Yearly Performance Comparison

	2026 (YTD)	2025
AFRU T-REX 2X Long AFRM Daily Target ETF	-18.41%	-14.12%
BMNG Leverage Shares 2X Long BMNR Daily ETF	-83.92%	-80.50%

Correlation

The correlation between AFRU and BMNG is 0.45, 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 Oct 27, 2025	0.45

Return for Risk

AFRU vs. BMNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long AFRM Daily Target ETF (AFRU) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

AFRU vs. BMNG - Drawdown Comparison

The maximum AFRU drawdown since its inception was -84.44%, smaller than the maximum BMNG drawdown of -97.00%. Use the drawdown chart below to compare losses from any high point for AFRU and BMNG.

Drawdown Indicators

	AFRU	BMNG	Difference
Max Drawdown Largest peak-to-trough decline	-84.44%	-97.00%	+12.56%
Current Drawdown Current decline from peak	-54.65%	-97.00%	+42.35%
Average Drawdown Average peak-to-trough decline	-56.22%	-82.13%	+25.91%

Volatility

Volatility by Period

	AFRU	BMNG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	124.30%	189.44%	-65.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	124.30%	189.44%	-65.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	124.30%	189.44%	-65.14%

AFRU vs. BMNG - Expense Ratio Comparison

AFRU has a 1.50% expense ratio, which is higher than BMNG's 0.75% expense ratio.

Dividends

AFRU vs. BMNG - Dividend Comparison

Neither AFRU nor BMNG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AFRU and BMNG in my portfolio?

AFRU and BMNG have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AFRU 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, AFRU or BMNG?

BMNG is cheaper with a 0.75% expense ratio, compared with 1.50% for AFRU.

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

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

What is the main difference between AFRU and BMNG?

They also come from different issuers: T-Rex and Leverage Shares. Their fees differ too: 1.50% for AFRU and 0.75% for BMNG.