BMNG vs. BMNU

Last updated Apr 3, 2026

Compare and contrast key facts about Leverage Shares 2X Long BMNR Daily ETF (BMNG) and T-REX 2X Long BMNR Daily Target ETF (BMNU).

BMNG and BMNU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BMNG is an actively managed fund by Leverage Shares. It was launched on Oct 27, 2025. BMNU is an actively managed fund by REX. It was launched on Sep 26, 2025.

Performance

BMNG vs. BMNU - Performance Comparison

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

BMNG vs. BMNU - Yearly Performance Comparison

	2026 (YTD)	2025
BMNG Leverage Shares 2X Long BMNR Daily ETF	-63.21%	-81.37%
BMNU T-REX 2X Long BMNR Daily Target ETF	-64.44%	-81.83%

Returns By Period

The year-to-date returns for both stocks are quite close, with BMNG having a -63.21% return and BMNU slightly lower at -64.44%.

BMNG

• 1D: -3.31%
• 1M: -10.69%
• YTD: -63.21%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BMNU

• 1D: -2.86%
• 1M: -10.76%
• YTD: -64.44%
• 6M: -94.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BMNG vs. BMNU - Expense Ratio Comparison

BMNG has a 0.75% expense ratio, which is lower than BMNU's 1.50% expense ratio.

BMNU

T-REX 2X Long BMNR Daily Target ETF

BMNG

Leverage Shares 2X Long BMNR Daily ETF

Return for Risk

BMNG vs. BMNU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long BMNR Daily ETF (BMNG) and T-REX 2X Long BMNR Daily Target ETF (BMNU). 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	BMNU	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.47	-0.49	+0.02

Correlation

The correlation between BMNG and BMNU is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

BMNG vs. BMNU - Dividend Comparison

Neither BMNG nor BMNU has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

BMNG vs. BMNU - Drawdown Comparison

The maximum BMNG drawdown since its inception was -93.85%, roughly equal to the maximum BMNU drawdown of -96.12%. Use the drawdown chart below to compare losses from any high point for BMNG and BMNU.

Drawdown Indicators

	BMNG	BMNU	Difference
Max Drawdown Largest peak-to-trough decline	-93.85%	-96.12%	+2.27%
Current Drawdown Current decline from peak	-93.14%	-95.66%	+2.52%
Average Drawdown Average peak-to-trough decline	-77.12%	-74.65%	-2.47%

Volatility

Volatility by Period

	BMNG	BMNU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	213.48%	205.45%	+8.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	213.48%	205.45%	+8.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	213.48%	205.45%	+8.03%