CRCA vs. BMNG
CRCA (ProShares Ultra CRCL) and BMNG (Leverage Shares 2X Long BMNR Daily ETF) are both Leveraged Equities funds. Both are actively managed. A 0.67 correlation means they provide meaningful diversification when combined. CRCA charges 0.95%/yr vs 0.75%/yr for BMNG.
Performance
CRCA vs. BMNG - Performance Comparison
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Returns By Period
In the year-to-date period, CRCA achieves a -25.37% return, which is significantly higher than BMNG's -75.13% return.
CRCA
- 1D
- -20.86%
- 1M
- -48.25%
- YTD
- -25.37%
- 6M
- -39.99%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BMNG
- 1D
- -12.21%
- 1M
- -48.30%
- YTD
- -75.13%
- 6M
- -85.16%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRCA vs. BMNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRCA ProShares Ultra CRCL | -25.37% | -74.38% |
BMNG Leverage Shares 2X Long BMNR Daily ETF | -75.13% | -81.37% |
Correlation
The correlation between CRCA and BMNG is 0.67, 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 Oct 28, 2025 | 0.67 |
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Return for Risk
CRCA vs. BMNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra CRCL (CRCA) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| CRCA | BMNG | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | -0.47 | -0.52 | +0.06 |
Drawdowns
CRCA vs. BMNG - Drawdown Comparison
The maximum CRCA drawdown since its inception was -94.02%, roughly equal to the maximum BMNG drawdown of -95.36%. Use the drawdown chart below to compare losses from any high point for CRCA and BMNG.
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Drawdown Indicators
| CRCA | BMNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.02% | -95.36% | +1.34% |
Current DrawdownCurrent decline from peak | -87.98% | -95.36% | +7.38% |
Average DrawdownAverage peak-to-trough decline | -69.26% | -81.38% | +12.12% |
Volatility
CRCA vs. BMNG - Volatility Comparison
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Volatility by Period
| CRCA | BMNG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 196.79% | 191.58% | +5.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 196.79% | 191.58% | +5.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 196.79% | 191.58% | +5.21% |
CRCA vs. BMNG - Expense Ratio Comparison
CRCA has a 0.95% expense ratio, which is higher than BMNG's 0.75% expense ratio.
Dividends
CRCA vs. BMNG - Dividend Comparison
CRCA's dividend yield for the trailing twelve months is around 2.32%, while BMNG has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BMNG Leverage Shares 2X Long BMNR Daily ETF | 0.00% | 0.00% |
CRCA ProShares Ultra CRCL | 2.32% | 1.06% |
Frequently Asked Questions
CRCA and BMNG have a correlation of 0.67, 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 0.95% for CRCA.
CRCA has the higher dividend yield at 2.32%, compared with 0.00% for BMNG.
They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for CRCA and 0.75% for BMNG.
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