BMNG vs. AALG

Last updated Jun 4, 2026

BMNG (Leverage Shares 2X Long BMNR Daily ETF) and AALG (Leverage Shares 2X Long AAL Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. At a 0.30 correlation, their price movements are largely independent. BMNG charges 0.75%/yr vs 0.78%/yr for AALG.

Performance

BMNG vs. AALG - Performance Comparison

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

Returns By Period

In the year-to-date period, BMNG achieves a -75.13% return, which is significantly lower than AALG's -32.60% return.

BMNG

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

AALG

• 1D: -4.84%
• 1M: 28.23%
• YTD: -32.60%
• 6M: -26.54%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BMNG vs. AALG - Yearly Performance Comparison

	2026 (YTD)	2025
BMNG Leverage Shares 2X Long BMNR Daily ETF	-75.13%	-81.37%
AALG Leverage Shares 2X Long AAL Daily ETF	-32.60%	24.59%

Correlation

The correlation between BMNG and AALG is 0.30, 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 28, 2025	0.30

Return for Risk

BMNG vs. AALG - Risk-Adjusted Trends Comparison

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

	BMNG	AALG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.52	-0.11	-0.41

Drawdowns

BMNG vs. AALG - Drawdown Comparison

The maximum BMNG drawdown since its inception was -95.36%, which is greater than AALG's maximum drawdown of -64.19%. Use the drawdown chart below to compare losses from any high point for BMNG and AALG.

Drawdown Indicators

	BMNG	AALG	Difference
Max Drawdown Largest peak-to-trough decline	-95.36%	-64.19%	-31.17%
Current Drawdown Current decline from peak	-95.36%	-40.39%	-54.97%
Average Drawdown Average peak-to-trough decline	-81.38%	-25.40%	-55.98%

Volatility

Volatility by Period

	BMNG	AALG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	191.58%	95.00%	+96.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	191.58%	95.00%	+96.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	191.58%	95.00%	+96.58%

BMNG vs. AALG - Expense Ratio Comparison

BMNG has a 0.75% expense ratio, which is lower than AALG's 0.78% expense ratio.

Dividends

BMNG vs. AALG - Dividend Comparison

BMNG has not paid dividends to shareholders, while AALG's dividend yield for the trailing twelve months is around 2.31%.

Position	TTM	2025
AALG Leverage Shares 2X Long AAL Daily ETF	2.31%	1.56%
BMNG Leverage Shares 2X Long BMNR Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both BMNG and AALG in my portfolio?

BMNG and AALG have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BMNG or AALG?

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, BMNG or AALG?

BMNG is cheaper with a 0.75% expense ratio, compared with 0.78% for AALG.

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

AALG has the higher dividend yield at 2.31%, compared with 0.00% for BMNG.

What is the main difference between BMNG and AALG?

Their fees differ too: 0.75% for BMNG and 0.78% for AALG.