BMNU vs. TBIL

Last updated Aug 1, 2026

BMNU (T-REX 2X Long BMNR Daily Target ETF) and TBIL (F/m US Treasury 3 Month Bill ETF) are both exchange-traded funds - BMNU is a Leveraged Equities fund actively managed by REX, while TBIL is a Ultrashort Bond fund tracking the Bloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index. BMNU is actively managed, while TBIL is passively managed. Their -0.09 correlation means they have often moved in opposite directions in the past. BMNU charges 1.50%/yr vs 0.15%/yr for TBIL.

Performance

BMNU vs. TBIL - 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 F/m US Treasury 3 Month Bill ETF (TBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BMNU achieves a -78.66% return, which is significantly lower than TBIL's 2.11% return.

BMNU

• 1D: -8.68%
• 1M: 32.42%
• 6M: -71.98%
• YTD: -78.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

TBIL

• 1D: 0.04%
• 1M: 0.28%
• 6M: 1.80%
• YTD: 2.11%
• 1Y: 3.85%
• 3Y*: 4.57%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.50%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BMNU T-REX 2X Long BMNR Daily Target ETF	$40.53M	$40.79M	$125.50M
TBIL F/m US Treasury 3 Month Bill ETF	$84.47M	$81.39M	$91.49M

BMNU vs. TBIL - Yearly Performance Comparison

	2026 (YTD)	2025
BMNU T-REX 2X Long BMNR Daily Target ETF	-78.66%	-80.88%
TBIL F/m US Treasury 3 Month Bill ETF	2.11%	1.08%

Correlation

The correlation between BMNU and TBIL is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025	-0.09

Return for Risk

BMNU vs. TBIL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BMNU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

TBIL

TBIL Risk / Return Rank: 100
TBIL Sharpe Ratio Rank: 100
TBIL Sortino Ratio Rank: 100
TBIL Omega Ratio Rank: 100
TBIL Calmar Ratio Rank: 100
TBIL Martin Ratio Rank: 100

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BMNU vs. TBIL - 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 F/m US Treasury 3 Month Bill ETF (TBIL). 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.

	BMNU	TBIL	Difference
Sharpe ratio: Return per unit of total volatility	—	14.11	—
Sortino ratio: Return per unit of downside risk	—	68.82	—
Omega ratio: Gain probability vs. loss probability	—	22.93	—
Calmar ratio: Return relative to maximum drawdown	—	195.78	—
Martin ratio: Return relative to average drawdown	—	1,113.66	—

Drawdowns

BMNU vs. TBIL - Drawdown Comparison

The maximum BMNU drawdown since its inception was -98.29%, which is greater than TBIL's maximum drawdown of -0.10%. Use the drawdown chart below to compare losses from any high point for BMNU and TBIL.

Drawdown Indicators

	BMNU	TBIL	Difference
Max Drawdown Largest peak-to-trough decline	-98.29%	-0.10%	-98.19%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.02%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.02%	—
Current Drawdown Current decline from peak	-97.40%	0.00%	-97.40%
Average Drawdown Average peak-to-trough decline	-82.70%	0.00%	-82.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.00%	—

Volatility

Volatility by Period

	BMNU	TBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.09%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	183.45%	0.28%	+183.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	183.45%	0.32%	+183.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	183.45%	0.32%	+183.13%

BMNU vs. TBIL - Expense Ratio Comparison

BMNU has a 1.50% expense ratio, which is higher than TBIL's 0.15% expense ratio.

Dividends

BMNU vs. TBIL - Dividend Comparison

BMNU has not paid dividends to shareholders, while TBIL's dividend yield for the trailing twelve months is around 4.04%.

Position	TTM	2025	2024	2023	2022
BMNU T-REX 2X Long BMNR Daily Target ETF	0.00%	0.00%	0.00%	0.00%	0.00%
TBIL F/m US Treasury 3 Month Bill ETF	3.69%	4.07%	5.02%	5.00%	1.10%

Frequently Asked Questions

Can I hold both BMNU and TBIL in my portfolio?

BMNU and TBIL have a correlation of -0.09, 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 TBIL?

On fees, TBIL is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BMNU or TBIL?

TBIL is cheaper with a 0.15% expense ratio, compared with 1.50% for BMNU.

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

TBIL has the higher dividend yield at 3.69%, compared with 0.00% for BMNU.

What is the main difference between BMNU and TBIL?

BMNU is categorized as Leveraged Equities, while TBIL is Ultrashort Bond. They also come from different issuers: REX and F/m. Their fees differ too: 1.50% for BMNU and 0.15% for TBIL.