CHAU vs. BMNG
CHAU (Direxion Daily CSI 300 China A Share Bull 2x Shares) and BMNG (Leverage Shares 2X Long BMNR Daily ETF) are both Leveraged Equities funds. CHAU is passively managed, while BMNG is actively managed. At a 0.27 correlation, their price movements are largely independent. CHAU charges 1.21%/yr vs 0.75%/yr for BMNG.
Performance
CHAU vs. BMNG - Performance Comparison
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Returns By Period
In the year-to-date period, CHAU achieves a 9.18% return, which is significantly higher than BMNG's -78.43% return.
CHAU
- 1D
- -6.16%
- 1M
- -6.93%
- YTD
- 9.18%
- 6M
- 12.70%
- 1Y
- 63.46%
- 3Y*
- 11.05%
- 5Y*
- -11.02%
- 10Y*
- 3.91%
BMNG
- 1D
- -22.44%
- 1M
- -55.66%
- YTD
- -78.43%
- 6M
- -87.34%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CHAU vs. BMNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CHAU Direxion Daily CSI 300 China A Share Bull 2x Shares | 9.18% | -0.70% |
BMNG Leverage Shares 2X Long BMNR Daily ETF | -78.43% | -81.37% |
Correlation
The correlation between CHAU and BMNG is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 28, 2025 | 0.27 |
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Return for Risk
CHAU vs. BMNG — Risk / Return Rank
CHAU
BMNG
CHAU vs. BMNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU) 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.
| CHAU | BMNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.32 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.18 | — | — |
| Martin ratioReturn relative to average drawdown | 12.37 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CHAU | BMNG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.23 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.08 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | -0.52 | +0.43 |
Drawdowns
CHAU vs. BMNG - Drawdown Comparison
The maximum CHAU drawdown since its inception was -79.21%, smaller than the maximum BMNG drawdown of -95.98%. Use the drawdown chart below to compare losses from any high point for CHAU and BMNG.
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Drawdown Indicators
| CHAU | BMNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.21% | -95.98% | +16.77% |
Max Drawdown (1Y)Largest decline over 1 year | -15.27% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -59.88% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -73.59% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -78.58% | — | — |
Current DrawdownCurrent decline from peak | -55.94% | -95.98% | +40.04% |
Average DrawdownAverage peak-to-trough decline | -58.90% | -81.57% | +22.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.14% | — | — |
Volatility
CHAU vs. BMNG - Volatility Comparison
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Volatility by Period
| CHAU | BMNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.80% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 23.67% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 33.96% | 193.00% | -159.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.13% | 193.00% | -145.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.17% | 193.00% | -145.83% |
CHAU vs. BMNG - Expense Ratio Comparison
CHAU has a 1.21% expense ratio, which is higher than BMNG's 0.75% expense ratio.
Dividends
CHAU vs. BMNG - Dividend Comparison
CHAU's dividend yield for the trailing twelve months is around 1.86%, while BMNG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BMNG Leverage Shares 2X Long BMNR Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CHAU Direxion Daily CSI 300 China A Share Bull 2x Shares | 1.86% | 1.97% | 2.25% | 3.97% | 0.77% | 1.73% | 0.09% | 0.58% | 0.83% |
Frequently Asked Questions
CHAU and BMNG have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
BMNG is cheaper with a 0.75% expense ratio, compared with 1.21% for CHAU.
CHAU has the higher dividend yield at 1.86%, compared with 0.00% for BMNG.
They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.21% for CHAU and 0.75% for BMNG.
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