BEZ vs. BMNZ

Last updated Jun 26, 2026

BEZ (Tradr 2X Short BE Daily ETF) and BMNZ (Defiance Daily Target 2X Short BMNR ETF) are both Inverse Equities funds - BEZ tracks the Bloom Energy Corporation (BE) while BMNZ tracks the BitMine Immersion Technologies, Inc.. Both are passively managed. At a 0.38 correlation, their price movements are largely independent. BEZ charges 1.49%/yr vs 1.31%/yr for BMNZ.

Performance

BEZ vs. BMNZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Short BE Daily ETF (BEZ) and Defiance Daily Target 2X Short BMNR ETF (BMNZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BEZ

• 1D: 10.37%
• 1M: -25.67%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BMNZ

• 1D: 9.79%
• 1M: 76.32%
• YTD: 29.97%
• 6M: 50.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BEZ vs. BMNZ - Yearly Performance Comparison

	2026 (YTD)
BEZ Tradr 2X Short BE Daily ETF	-95.00%
BMNZ Defiance Daily Target 2X Short BMNR ETF	13.16%

Correlation

The correlation between BEZ and BMNZ is 0.38, 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 Feb 11, 2026	0.38

Return for Risk

BEZ vs. BMNZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Short BE Daily ETF (BEZ) and Defiance Daily Target 2X Short BMNR ETF (BMNZ). 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

BEZ vs. BMNZ - Drawdown Comparison

The maximum BEZ drawdown since its inception was -96.31%, which is greater than BMNZ's maximum drawdown of -70.80%. Use the drawdown chart below to compare losses from any high point for BEZ and BMNZ.

Drawdown Indicators

	BEZ	BMNZ	Difference
Max Drawdown Largest peak-to-trough decline	-96.31%	-70.80%	-25.51%
Current Drawdown Current decline from peak	-95.49%	-27.23%	-68.26%
Average Drawdown Average peak-to-trough decline	-64.72%	-50.65%	-14.07%

Volatility

Volatility by Period

	BEZ	BMNZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	220.90%	187.04%	+33.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	220.90%	187.04%	+33.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	220.90%	187.04%	+33.86%

BEZ vs. BMNZ - Expense Ratio Comparison

BEZ has a 1.49% expense ratio, which is higher than BMNZ's 1.31% expense ratio.

Dividends

BEZ vs. BMNZ - Dividend Comparison

Neither BEZ nor BMNZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BEZ and BMNZ in my portfolio?

BEZ and BMNZ have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BEZ or BMNZ?

On fees, BMNZ is cheaper at 1.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BEZ or BMNZ?

BMNZ is cheaper with a 1.31% expense ratio, compared with 1.49% for BEZ.

Which ETF pays a higher dividend yield, BEZ or BMNZ?

BEZ and BMNZ have nearly identical dividend yields, around 0.00%.

What is the main difference between BEZ and BMNZ?

BEZ tracks Bloom Energy Corporation (BE), while BMNZ tracks BitMine Immersion Technologies, Inc.. They also come from different issuers: Tradr and Defiance. Their fees differ too: 1.49% for BEZ and 1.31% for BMNZ.