BMNG vs. BMNR

Last updated Jul 16, 2026

BMNG (Leverage Shares 2X Long BMNR Daily ETF) is Leveraged Equities fund actively managed by Leverage Shares, while BMNR (BitMine Immersion Technologies, Inc.) is a stock. With a 1.00 correlation, they move nearly in lockstep.

Performance

BMNG vs. BMNR - Performance Comparison

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

Returns By Period

In the year-to-date period, BMNG achieves a -80.57% return, which is significantly lower than BMNR's -41.84% return.

BMNG

• 1D: -5.86%
• 1M: -20.22%
• 6M: -85.95%
• YTD: -80.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BMNR

• 1D: -3.07%
• 1M: -7.71%
• 6M: -51.65%
• YTD: -41.84%
• 1Y: -60.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BMNG vs. BMNR - Yearly Performance Comparison

	2026 (YTD)	2025
BMNG Leverage Shares 2X Long BMNR Daily ETF	-80.57%	-80.50%
BMNR BitMine Immersion Technologies, Inc.	-41.84%	-46.13%

Correlation

The correlation between BMNG and BMNR is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025	1.00

Return for Risk

BMNG vs. BMNR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BMNG

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

BMNR

BMNR Risk / Return Rank: 19
BMNR Sharpe Ratio Rank: 18
BMNR Sortino Ratio Rank: 20
BMNR Omega Ratio Rank: 21
BMNR Calmar Ratio Rank: 15
BMNR Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BMNG vs. BMNR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long BMNR Daily ETF (BMNG) and BitMine Immersion Technologies, Inc. (BMNR). 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.

	BMNG	BMNR	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.61	—
Sortino ratio: Return per unit of downside risk	—	-0.65	—
Omega ratio: Gain probability vs. loss probability	—	0.93	—
Calmar ratio: Return relative to maximum drawdown	—	-0.77	—
Martin ratio: Return relative to average drawdown	—	-1.13	—

Drawdowns

BMNG vs. BMNR - Drawdown Comparison

The maximum BMNG drawdown since its inception was -97.32%, which is greater than BMNR's maximum drawdown of -90.14%. Use the drawdown chart below to compare losses from any high point for BMNG and BMNR.

Drawdown Indicators

	BMNG	BMNR	Difference
Max Drawdown Largest peak-to-trough decline	-97.32%	-90.14%	-7.18%
Max Drawdown (1Y) Largest decline over 1 year	—	-78.94%	—
Current Drawdown Current decline from peak	-96.38%	-88.30%	-8.08%
Average Drawdown Average peak-to-trough decline	-83.28%	-72.20%	-11.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	53.51%	—

Volatility

Volatility by Period

	BMNG	BMNR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	22.43%	—
Volatility (6M) Calculated over the trailing 6-month period	—	58.67%	—
Volatility (1Y) Calculated over the trailing 1-year period	187.05%	99.91%	+87.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	187.05%	683.68%	-496.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	187.05%	683.68%	-496.63%

Dividends

BMNG vs. BMNR - Dividend Comparison

BMNG has not paid dividends to shareholders, while BMNR's dividend yield for the trailing twelve months is around 0.06%.

Position	TTM	2025
BMNG Leverage Shares 2X Long BMNR Daily ETF	0.00%	0.00%
BMNR BitMine Immersion Technologies, Inc.	0.06%	0.04%

Frequently Asked Questions

Can I hold both BMNG and BMNR in my portfolio?

With a correlation of 1.00, BMNG and BMNR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.