BMNG vs. NVDO

Last updated Jun 5, 2026

BMNG (Leverage Shares 2X Long BMNR Daily ETF) and NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) are both exchange-traded funds - BMNG is a Leveraged Equities fund actively managed by Leverage Shares, while NVDO is a Defined Outcome fund actively managed by Leverage Shares. Both are actively managed. At a 0.39 correlation, their price movements are largely independent. BMNG charges 0.75%/yr vs 0.77%/yr for NVDO.

Performance

BMNG vs. NVDO - 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 Capped Accelerated NVDA Monthly ETF (NVDO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BMNG achieves a -72.19% return, which is significantly lower than NVDO's 20.98% return.

BMNG

• 1D: 11.82%
• 1M: -43.79%
• YTD: -72.19%
• 6M: -85.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDO

• 1D: 1.80%
• 1M: 17.25%
• YTD: 20.98%
• 6M: 29.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BMNG vs. NVDO - Yearly Performance Comparison

	2026 (YTD)	2025
BMNG Leverage Shares 2X Long BMNR Daily ETF	-72.19%	-81.37%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	20.98%	2.68%

Correlation

The correlation between BMNG and NVDO is 0.39, 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	0.39

Return for Risk

BMNG vs. NVDO - 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 Capped Accelerated NVDA Monthly ETF (NVDO). 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	NVDO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.52	1.39	-1.91

Drawdowns

BMNG vs. NVDO - Drawdown Comparison

The maximum BMNG drawdown since its inception was -95.36%, which is greater than NVDO's maximum drawdown of -16.25%. Use the drawdown chart below to compare losses from any high point for BMNG and NVDO.

Drawdown Indicators

	BMNG	NVDO	Difference
Max Drawdown Largest peak-to-trough decline	-95.36%	-16.25%	-79.11%
Current Drawdown Current decline from peak	-94.82%	-0.93%	-93.89%
Average Drawdown Average peak-to-trough decline	-81.47%	-4.97%	-76.50%

Volatility

Volatility by Period

	BMNG	NVDO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	191.69%	31.91%	+159.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	191.69%	31.91%	+159.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	191.69%	31.91%	+159.78%

BMNG vs. NVDO - Expense Ratio Comparison

BMNG has a 0.75% expense ratio, which is lower than NVDO's 0.77% expense ratio.

Dividends

BMNG vs. NVDO - Dividend Comparison

BMNG has not paid dividends to shareholders, while NVDO's dividend yield for the trailing twelve months is around 13.77%.

Position	TTM	2025
BMNG Leverage Shares 2X Long BMNR Daily ETF	0.00%	0.00%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	13.77%	16.66%

Frequently Asked Questions

Can I hold both BMNG and NVDO in my portfolio?

BMNG and NVDO have a correlation of 0.39, 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 NVDO?

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 NVDO?

BMNG is cheaper with a 0.75% expense ratio, compared with 0.77% for NVDO.

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

NVDO has the higher dividend yield at 13.77%, compared with 0.00% for BMNG.

What is the main difference between BMNG and NVDO?

BMNG is categorized as Leveraged Equities, while NVDO is Defined Outcome. Their fees differ too: 0.75% for BMNG and 0.77% for NVDO.