CLSZ vs. BMNZ

Last updated Jun 26, 2026

CLSZ (Tradr 2X Short CLSK Daily ETF) and BMNZ (Defiance Daily Target 2X Short BMNR ETF) are both Inverse Equities funds - CLSZ tracks the CleanSpark, Inc. (CLSK) while BMNZ tracks the BitMine Immersion Technologies, Inc.. Both are passively managed. A 0.61 correlation means they provide meaningful diversification when combined. CLSZ charges 1.49%/yr vs 1.31%/yr for BMNZ.

Performance

CLSZ vs. BMNZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Short CLSK Daily ETF (CLSZ) and Defiance Daily Target 2X Short BMNR ETF (BMNZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CLSZ

• 1D: 0.00%
• 1M: 13.47%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BMNZ

• 1D: 9.79%
• 1M: 76.32%
• YTD: 29.97%
• 6M: 50.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CLSZ vs. BMNZ - Yearly Performance Comparison

	2026 (YTD)
CLSZ Tradr 2X Short CLSK Daily ETF	-82.67%
BMNZ Defiance Daily Target 2X Short BMNR ETF	14.07%

Correlation

The correlation between CLSZ and BMNZ is 0.61, 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 Feb 19, 2026	0.61

Return for Risk

CLSZ vs. BMNZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Short CLSK Daily ETF (CLSZ) and Defiance Daily Target 2X Short BMNR ETF (BMNZ). 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

CLSZ vs. BMNZ - Drawdown Comparison

The maximum CLSZ drawdown since its inception was -87.62%, which is greater than BMNZ's maximum drawdown of -70.80%. Use the drawdown chart below to compare losses from any high point for CLSZ and BMNZ.

Drawdown Indicators

	CLSZ	BMNZ	Difference
Max Drawdown Largest peak-to-trough decline	-87.62%	-70.80%	-16.82%
Current Drawdown Current decline from peak	-82.67%	-27.23%	-55.44%
Average Drawdown Average peak-to-trough decline	-53.69%	-50.65%	-3.04%

Volatility

Volatility by Period

	CLSZ	BMNZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	139.63%	187.04%	-47.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	139.63%	187.04%	-47.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	139.63%	187.04%	-47.41%

CLSZ vs. BMNZ - Expense Ratio Comparison

CLSZ has a 1.49% expense ratio, which is higher than BMNZ's 1.31% expense ratio.

Dividends

CLSZ vs. BMNZ - Dividend Comparison

Neither CLSZ nor BMNZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CLSZ and BMNZ in my portfolio?

CLSZ and BMNZ have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CLSZ or BMNZ?

On fees, BMNZ is cheaper at 1.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CLSZ or BMNZ?

BMNZ is cheaper with a 1.31% expense ratio, compared with 1.49% for CLSZ.

Which ETF pays a higher dividend yield, CLSZ or BMNZ?

CLSZ and BMNZ have nearly identical dividend yields, around 0.00%.

What is the main difference between CLSZ and BMNZ?

CLSZ tracks CleanSpark, Inc. (CLSK), while BMNZ tracks BitMine Immersion Technologies, Inc.. They also come from different issuers: Tradr and Defiance. Their fees differ too: 1.49% for CLSZ and 1.31% for BMNZ.