BMNU vs. BMNG

Last updated Jun 3, 2026

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

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.

Returns By Period

The year-to-date returns for both investments are quite close, with BMNU having a -72.70% return and BMNG slightly higher at -71.67%.

BMNU

• 1D: -8.74%
• 1M: -36.19%
• YTD: -72.70%
• 6M: -82.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BMNG

• 1D: -9.31%
• 1M: -36.10%
• YTD: -71.67%
• 6M: -81.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BMNU vs. BMNG - Yearly Performance Comparison

	2026 (YTD)	2025
BMNU T-REX 2X Long BMNR Daily Target ETF	-72.70%	-81.83%
BMNG Leverage Shares 2X Long BMNR Daily ETF	-71.67%	-81.37%

Correlation

The correlation between BMNU and BMNG 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 28, 2025	1.00

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	-0.53	-0.52	-0.01

Drawdowns

BMNU vs. BMNG - Drawdown Comparison

The maximum BMNU drawdown since its inception was -96.67%, roughly equal to the maximum BMNG drawdown of -94.72%. 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	-96.67%	-94.72%	-1.95%
Current Drawdown Current decline from peak	-96.67%	-94.72%	-1.95%
Average Drawdown Average peak-to-trough decline	-79.59%	-81.29%	+1.70%

Volatility

Volatility by Period

	BMNU	BMNG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	187.73%	191.69%	-3.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	187.73%	191.69%	-3.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	187.73%	191.69%	-3.96%

BMNU vs. BMNG - Expense Ratio Comparison

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

Dividends

BMNU vs. BMNG - Dividend Comparison

Neither BMNU nor BMNG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BMNU and BMNG in my portfolio?

With a correlation of 1.00, BMNU and BMNG 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, BMNU or BMNG?

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, BMNU or BMNG?

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

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

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

What is the main difference between BMNU and BMNG?

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