CIEG vs. BMNG

Last updated Aug 3, 2026

CIEG (Leverage Shares 2X Long CIEN Daily ETF) and BMNG (Leverage Shares 2X Long BMNR Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. Their 0.20 correlation means their historical movements had little consistent relationship. Both charge a 0.75% expense ratio.

Performance

CIEG vs. BMNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long CIEN Daily ETF (CIEG) and Leverage Shares 2X Long BMNR Daily ETF (BMNG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CIEG

• 1D: 2.55%
• 1M: -25.18%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BMNG

• 1D: -9.09%
• 1M: 32.74%
• 6M: -71.67%
• YTD: -78.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
BMNG Leverage Shares 2X Long BMNR Daily ETF	$9.15M	$12.05M	$13.09M
CIEG Leverage Shares 2X Long CIEN Daily ETF	$997.11K	$1.65M	$5.20M

CIEG vs. BMNG - Yearly Performance Comparison

	2026 (YTD)
CIEG Leverage Shares 2X Long CIEN Daily ETF	-63.45%
BMNG Leverage Shares 2X Long BMNR Daily ETF	-55.01%

Correlation

The correlation between CIEG and BMNG is 0.20, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 12, 2026	0.20

Return for Risk

CIEG vs. BMNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long CIEN Daily ETF (CIEG) 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.

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

Drawdowns

CIEG vs. BMNG - Drawdown Comparison

The maximum CIEG drawdown since its inception was -76.08%, smaller than the maximum BMNG drawdown of -97.32%. Use the drawdown chart below to compare losses from any high point for CIEG and BMNG.

Drawdown Indicators

	CIEG	BMNG	Difference
Max Drawdown Largest peak-to-trough decline	-76.08%	-97.32%	+21.24%
Current Drawdown Current decline from peak	-69.11%	-95.92%	+26.81%
Average Drawdown Average peak-to-trough decline	-42.02%	-84.08%	+42.06%

Volatility

Volatility by Period

	CIEG	BMNG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	160.24%	187.45%	-27.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	160.24%	187.45%	-27.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	160.24%	187.45%	-27.21%

CIEG vs. BMNG - Expense Ratio Comparison

Both CIEG and BMNG have an expense ratio of 0.75%.

Dividends

CIEG vs. BMNG - Dividend Comparison

Neither CIEG nor BMNG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CIEG and BMNG in my portfolio?

CIEG and BMNG have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CIEG or BMNG?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CIEG or BMNG?

CIEG and BMNG have the same expense ratio: 0.75% per year.

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

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