BULZ vs. BMNG

Last updated Jul 14, 2026

BULZ (MicroSectors FANG & Innovation 3X Leveraged ETNs) and BMNG (Leverage Shares 2X Long BMNR Daily ETF) are both Leveraged Equities funds. BULZ is passively managed, while BMNG is actively managed. A 0.58 correlation means they provide meaningful diversification when combined. BULZ charges 0.95%/yr vs 0.75%/yr for BMNG.

Performance

BULZ vs. BMNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors FANG & Innovation 3X Leveraged ETNs (BULZ) and Leverage Shares 2X Long BMNR Daily ETF (BMNG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BULZ achieves a 38.16% return, which is significantly higher than BMNG's -83.14% return.

BULZ

• 1D: -7.41%
• 1M: -10.84%
• 6M: 28.00%
• YTD: 38.16%
• 1Y: 98.38%
• 3Y*: 65.65%
• 5Y*: —
• 10Y*: —

BMNG

• 1D: -4.71%
• 1M: -22.33%
• 6M: -86.67%
• YTD: -83.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BULZ vs. BMNG - Yearly Performance Comparison

	2026 (YTD)	2025
BULZ MicroSectors FANG & Innovation 3X Leveraged ETNs	38.16%	-12.07%
BMNG Leverage Shares 2X Long BMNR Daily ETF	-83.14%	-80.50%

Correlation

The correlation between BULZ and BMNG is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025	0.58

Return for Risk

BULZ vs. BMNG — Risk / Return Rank

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

BULZ

BULZ Risk / Return Rank: 42
BULZ Sharpe Ratio Rank: 43
BULZ Sortino Ratio Rank: 43
BULZ Omega Ratio Rank: 44
BULZ Calmar Ratio Rank: 45
BULZ Martin Ratio Rank: 37

BMNG

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

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.

BULZ vs. BMNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG & Innovation 3X Leveraged ETNs (BULZ) 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.

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.

	BULZ	BMNG	Difference
Sharpe ratio: Return per unit of total volatility	1.22	—	—
Sortino ratio: Return per unit of downside risk	1.80	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	1.82	—	—
Martin ratio: Return relative to average drawdown	4.44	—	—

Drawdowns

BULZ vs. BMNG - Drawdown Comparison

The maximum BULZ drawdown since its inception was -94.44%, roughly equal to the maximum BMNG drawdown of -97.32%. Use the drawdown chart below to compare losses from any high point for BULZ and BMNG.

Drawdown Indicators

	BULZ	BMNG	Difference
Max Drawdown Largest peak-to-trough decline	-94.44%	-97.32%	+2.88%
Max Drawdown (1Y) Largest decline over 1 year	-54.22%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-67.96%	—	—
Current Drawdown Current decline from peak	-34.91%	-96.86%	+61.95%
Average Drawdown Average peak-to-trough decline	-57.75%	-83.13%	+25.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.26%	—	—

Volatility

Volatility by Period

	BULZ	BMNG	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	65.30%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	81.12%	185.89%	-104.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	91.70%	185.89%	-94.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.70%	185.89%	-94.19%

BULZ vs. BMNG - Expense Ratio Comparison

BULZ has a 0.95% expense ratio, which is higher than BMNG's 0.75% expense ratio.

Dividends

BULZ vs. BMNG - Dividend Comparison

Neither BULZ nor BMNG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BULZ and BMNG in my portfolio?

BULZ and BMNG have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BULZ 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, BULZ or BMNG?

BMNG is cheaper with a 0.75% expense ratio, compared with 0.95% for BULZ.

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

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

What is the main difference between BULZ and BMNG?

They also come from different issuers: BMO and Leverage Shares. Their fees differ too: 0.95% for BULZ and 0.75% for BMNG.