BMNU vs. MSTU

Last updated Jun 3, 2026

BMNU (T-REX 2X Long BMNR Daily Target ETF) and MSTU (T-Rex 2X Long MSTR Daily Target ETF) are both Leveraged Equities funds. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. BMNU charges 1.50%/yr vs 1.05%/yr for MSTU.

Performance

BMNU vs. MSTU - 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 T-Rex 2X Long MSTR Daily Target ETF (MSTU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BMNU achieves a -72.70% return, which is significantly lower than MSTU's -46.81% return.

BMNU

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

MSTU

• 1D: -18.30%
• 1M: -44.61%
• YTD: -46.81%
• 6M: -64.64%
• 1Y: -94.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BMNU vs. MSTU - Yearly Performance Comparison

	2026 (YTD)	2025
BMNU T-REX 2X Long BMNR Daily Target ETF	-72.70%	-81.57%
MSTU T-Rex 2X Long MSTR Daily Target ETF	-46.81%	-80.72%

Correlation

The correlation between BMNU and MSTU is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 29, 2025	0.82

Return for Risk

BMNU vs. MSTU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MSTU

MSTU Risk / Return Rank: 2
MSTU Sharpe Ratio Rank: 3
MSTU Sortino Ratio Rank: 1
MSTU Omega Ratio Rank: 1
MSTU Calmar Ratio Rank: 1
MSTU Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BMNU vs. MSTU - 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 T-Rex 2X Long MSTR Daily Target ETF (MSTU). 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	MSTU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.53	-0.38	-0.15

Drawdowns

BMNU vs. MSTU - Drawdown Comparison

The maximum BMNU drawdown since its inception was -96.67%, roughly equal to the maximum MSTU drawdown of -98.58%. Use the drawdown chart below to compare losses from any high point for BMNU and MSTU.

Drawdown Indicators

	BMNU	MSTU	Difference
Max Drawdown Largest peak-to-trough decline	-96.67%	-98.58%	+1.91%
Max Drawdown (1Y) Largest decline over 1 year	—	-96.58%	—
Current Drawdown Current decline from peak	-96.67%	-98.28%	+1.61%
Average Drawdown Average peak-to-trough decline	-79.59%	-71.88%	-7.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	74.92%	—

Volatility

Volatility by Period

	BMNU	MSTU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	38.67%	—
Volatility (6M) Calculated over the trailing 6-month period	—	111.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	187.73%	138.01%	+49.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	187.73%	168.91%	+18.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	187.73%	168.91%	+18.82%

BMNU vs. MSTU - Expense Ratio Comparison

BMNU has a 1.50% expense ratio, which is higher than MSTU's 1.05% expense ratio.

Dividends

BMNU vs. MSTU - Dividend Comparison

Neither BMNU nor MSTU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BMNU and MSTU in my portfolio?

BMNU and MSTU have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BMNU or MSTU?

On fees, MSTU is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BMNU or MSTU?

MSTU is cheaper with a 1.05% expense ratio, compared with 1.50% for BMNU.

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

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

What is the main difference between BMNU and MSTU?

They also come from different issuers: REX and T-Rex. Their fees differ too: 1.50% for BMNU and 1.05% for MSTU.