BMNU vs. BMNG

Last updated Apr 2, 2026

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

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

Performance

BMNU vs. BMNG - Performance Comparison

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

BMNU vs. BMNG - Yearly Performance Comparison

	2026 (YTD)	2025
BMNU T-REX 2X Long BMNR Daily Target ETF	-63.39%	-81.83%
BMNG Leverage Shares 2X Long BMNR Daily ETF	-61.95%	-81.37%

Returns By Period

The year-to-date returns for both investments are quite close, with BMNU having a -63.39% return and BMNG slightly higher at -61.95%.

BMNU

• 1D: -0.85%
• 1M: -15.87%
• YTD: -63.39%
• 6M: -93.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BMNG

• 1D: 0.00%
• 1M: -15.09%
• YTD: -61.95%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BMNU vs. BMNG - Expense Ratio Comparison

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

BMNU

T-REX 2X Long BMNR Daily Target ETF

BMNG

Leverage Shares 2X Long BMNR Daily ETF

Return for Risk

BMNU vs. BMNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long BMNR Daily Target ETF (BMNU) and Leverage Shares 2X Long BMNR Daily ETF (BMNG). 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

	BMNU	BMNG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.48	-0.47	-0.02

Correlation

The correlation between BMNU and BMNG 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

BMNU vs. BMNG - Dividend Comparison

Neither BMNU nor BMNG has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

BMNU vs. BMNG - Drawdown Comparison

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

Drawdown Indicators

	BMNU	BMNG	Difference
Max Drawdown Largest peak-to-trough decline	-96.12%	-93.85%	-2.27%
Current Drawdown Current decline from peak	-95.53%	-92.91%	-2.62%
Average Drawdown Average peak-to-trough decline	-74.48%	-76.97%	+2.49%

Volatility

Volatility by Period

	BMNU	BMNG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	206.24%	214.47%	-8.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	206.24%	214.47%	-8.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	206.24%	214.47%	-8.23%