COIA vs. BMNG

Last updated Jun 24, 2026

COIA (ProShares Ultra COIN) and BMNG (Leverage Shares 2X Long BMNR Daily ETF) are both Leveraged Equities funds. COIA is passively managed, while BMNG is actively managed. Their correlation of 0.81 suggests significant overlap in exposure. COIA charges 1.06%/yr vs 0.75%/yr for BMNG.

Performance

COIA vs. BMNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra COIN (COIA) 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, COIA achieves a -66.12% return, which is significantly higher than BMNG's -81.21% return.

COIA

• 1D: -8.21%
• 1M: -30.46%
• YTD: -66.12%
• 6M: -70.67%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BMNG

• 1D: -9.13%
• 1M: -40.34%
• YTD: -81.21%
• 6M: -84.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COIA vs. BMNG - Yearly Performance Comparison

	2026 (YTD)	2025
COIA ProShares Ultra COIN	-66.12%	-63.37%
BMNG Leverage Shares 2X Long BMNR Daily ETF	-81.21%	-80.50%

Correlation

The correlation between COIA and BMNG is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025	0.81

Return for Risk

COIA vs. BMNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra COIN (COIA) 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

COIA vs. BMNG - Drawdown Comparison

The maximum COIA drawdown since its inception was -90.45%, smaller than the maximum BMNG drawdown of -96.50%. Use the drawdown chart below to compare losses from any high point for COIA and BMNG.

Drawdown Indicators

	COIA	BMNG	Difference
Max Drawdown Largest peak-to-trough decline	-90.45%	-96.50%	+6.05%
Current Drawdown Current decline from peak	-89.97%	-96.50%	+6.53%
Average Drawdown Average peak-to-trough decline	-63.40%	-82.04%	+18.64%

Volatility

Volatility by Period

	COIA	BMNG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	139.95%	189.32%	-49.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	139.95%	189.32%	-49.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	139.95%	189.32%	-49.37%

COIA vs. BMNG - Expense Ratio Comparison

COIA has a 1.06% expense ratio, which is higher than BMNG's 0.75% expense ratio.

Dividends

COIA vs. BMNG - Dividend Comparison

COIA's dividend yield for the trailing twelve months is around 5.27%, while BMNG has not paid dividends to shareholders.

Position	TTM	2025
BMNG Leverage Shares 2X Long BMNR Daily ETF	0.00%	0.00%
COIA ProShares Ultra COIN	5.27%	1.10%

Frequently Asked Questions

Can I hold both COIA and BMNG in my portfolio?

COIA and BMNG have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, COIA 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, COIA or BMNG?

BMNG is cheaper with a 0.75% expense ratio, compared with 1.06% for COIA.

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

COIA has the higher dividend yield at 5.27%, compared with 0.00% for BMNG.

What is the main difference between COIA and BMNG?

They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 1.06% for COIA and 0.75% for BMNG.