BMNG vs. KTUP

Last updated Jul 18, 2026

BMNG (Leverage Shares 2X Long BMNR Daily ETF) and KTUP (T-Rex 2X Long KTOS Daily Target ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.47 correlation, their price movements are largely independent. BMNG charges 0.75%/yr vs 1.50%/yr for KTUP.

Performance

BMNG vs. KTUP - 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 KTOS Daily Target ETF (KTUP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with BMNG having a -80.92% return and KTUP slightly higher at -76.95%.

BMNG

• 1D: 2.56%
• 1M: -6.82%
• 6M: -84.80%
• YTD: -80.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KTUP

• 1D: -3.79%
• 1M: -36.62%
• 6M: -91.84%
• YTD: -76.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BMNG vs. KTUP - Yearly Performance Comparison

	2026 (YTD)	2025
BMNG Leverage Shares 2X Long BMNR Daily ETF	-80.92%	-80.50%
KTUP T-Rex 2X Long KTOS Daily Target ETF	-76.95%	-38.93%

Correlation

The correlation between BMNG and KTUP is 0.47, 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 27, 2025	0.47

Return for Risk

BMNG vs. KTUP - 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 KTOS Daily Target ETF (KTUP). 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. KTUP - Drawdown Comparison

The maximum BMNG drawdown since its inception was -97.32%, which is greater than KTUP's maximum drawdown of -91.84%. Use the drawdown chart below to compare losses from any high point for BMNG and KTUP.

Drawdown Indicators

	BMNG	KTUP	Difference
Max Drawdown Largest peak-to-trough decline	-97.32%	-91.84%	-5.48%
Current Drawdown Current decline from peak	-96.45%	-91.84%	-4.61%
Average Drawdown Average peak-to-trough decline	-83.42%	-56.19%	-27.23%

Volatility

Volatility by Period

	BMNG	KTUP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	186.10%	151.17%	+34.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	186.10%	151.17%	+34.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	186.10%	151.17%	+34.93%

BMNG vs. KTUP - Expense Ratio Comparison

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

Dividends

BMNG vs. KTUP - Dividend Comparison

BMNG has not paid dividends to shareholders, while KTUP's dividend yield for the trailing twelve months is around 9.23%.

Position	TTM	2025
BMNG Leverage Shares 2X Long BMNR Daily ETF	0.00%	0.00%
KTUP T-Rex 2X Long KTOS Daily Target ETF	9.23%	2.13%

Frequently Asked Questions

Can I hold both BMNG and KTUP in my portfolio?

BMNG and KTUP have a correlation of 0.47, 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 KTUP?

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 KTUP?

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

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

KTUP has the higher dividend yield at 9.23%, compared with 0.00% for BMNG.

What is the main difference between BMNG and KTUP?

They also come from different issuers: Leverage Shares and Tuttle Capital Management. Their fees differ too: 0.75% for BMNG and 1.50% for KTUP.