BMNG vs. BMNU

Last updated Jun 23, 2026

BMNG (Leverage Shares 2X Long BMNR Daily ETF) and BMNU (T-REX 2X Long BMNR Daily Target ETF) are both Leveraged Equities funds. Both are actively managed. With a 1.00 correlation, they move nearly in lockstep. BMNG charges 0.75%/yr vs 1.50%/yr for BMNU.

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.

Returns By Period

The year-to-date returns for both stocks are quite close, with BMNG having a -79.32% return and BMNU slightly lower at -79.92%.

BMNG

• 1D: -4.36%
• 1M: -34.35%
• YTD: -79.32%
• 6M: -84.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BMNU

• 1D: -4.00%
• 1M: -34.02%
• YTD: -79.92%
• 6M: -84.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BMNG vs. BMNU - Yearly Performance Comparison

	2026 (YTD)	2025
BMNG Leverage Shares 2X Long BMNR Daily ETF	-79.32%	-80.50%
BMNU T-REX 2X Long BMNR Daily Target ETF	-79.92%	-79.51%

Correlation

The correlation between BMNG and BMNU 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. 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.

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

BMNG vs. BMNU - Drawdown Comparison

The maximum BMNG drawdown since its inception was -96.19%, roughly equal to the maximum BMNU drawdown of -97.58%. 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	-96.19%	-97.58%	+1.39%
Current Drawdown Current decline from peak	-96.15%	-97.55%	+1.40%
Average Drawdown Average peak-to-trough decline	-81.95%	-80.41%	-1.54%

Volatility

Volatility by Period

	BMNG	BMNU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	189.65%	185.51%	+4.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	189.65%	185.51%	+4.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	189.65%	185.51%	+4.14%

BMNG vs. BMNU - Expense Ratio Comparison

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

Dividends

BMNG vs. BMNU - Dividend Comparison

Neither BMNG nor BMNU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BMNG and BMNU in my portfolio?

With a correlation of 1.00, BMNG and BMNU 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.

Which ETF is better, BMNG or BMNU?

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 BMNU?

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

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

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

What is the main difference between BMNG and BMNU?

They also come from different issuers: Leverage Shares and REX. Their fees differ too: 0.75% for BMNG and 1.50% for BMNU.