CORD vs. BMNZ
CORD (T-Rex 2X Inverse CRWV Daily Target ETF) and BMNZ (Defiance Daily Target 2X Short BMNR ETF) are both Inverse Equities funds. CORD is actively managed, while BMNZ is passively managed. At a 0.47 correlation, their price movements are largely independent. CORD charges 1.50%/yr vs 1.31%/yr for BMNZ.
Performance
CORD vs. BMNZ - Performance Comparison
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Returns By Period
In the year-to-date period, CORD achieves a -77.19% return, which is significantly lower than BMNZ's -13.39% return.
CORD
- 1D
- 11.14%
- 1M
- 121.46%
- 6M
- -54.46%
- YTD
- -77.19%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BMNZ
- 1D
- 4.39%
- 1M
- -5.35%
- 6M
- 28.59%
- YTD
- -13.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CORD vs. BMNZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CORD T-Rex 2X Inverse CRWV Daily Target ETF | -77.19% | -3.70% |
BMNZ Defiance Daily Target 2X Short BMNR ETF | -13.39% | 15.30% |
Correlation
The correlation between CORD and BMNZ is 0.47, 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 Nov 13, 2025 | 0.47 |
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Return for Risk
CORD vs. BMNZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Inverse CRWV Daily Target ETF (CORD) 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.
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Drawdowns
CORD vs. BMNZ - Drawdown Comparison
The maximum CORD drawdown since its inception was -93.69%, which is greater than BMNZ's maximum drawdown of -70.80%. Use the drawdown chart below to compare losses from any high point for CORD and BMNZ.
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Drawdown Indicators
| CORD | BMNZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.69% | -70.80% | -22.89% |
Current DrawdownCurrent decline from peak | -85.12% | -51.51% | -33.61% |
Average DrawdownAverage peak-to-trough decline | -60.91% | -49.97% | -10.94% |
Volatility
CORD vs. BMNZ - Volatility Comparison
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Volatility by Period
| CORD | BMNZ | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 184.30% | 184.15% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 184.30% | 184.15% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 184.30% | 184.15% | +0.15% |
CORD vs. BMNZ - Expense Ratio Comparison
CORD has a 1.50% expense ratio, which is higher than BMNZ's 1.31% expense ratio.
Dividends
CORD vs. BMNZ - Dividend Comparison
Neither CORD nor BMNZ has paid dividends to shareholders.
Frequently Asked Questions
CORD and BMNZ have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
BMNZ is cheaper with a 1.31% expense ratio, compared with 1.50% for CORD.
CORD and BMNZ have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Tuttle Capital Management and Defiance. Their fees differ too: 1.50% for CORD and 1.31% for BMNZ.
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