CRWG vs. BMNG

Last updated Jun 4, 2026

CRWG (Leverage Shares 2X Long CRWV Daily ETF) and BMNG (Leverage Shares 2X Long BMNR Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. A 0.52 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

CRWG vs. BMNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long CRWV Daily ETF (CRWG) 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, CRWG achieves a 53.84% return, which is significantly higher than BMNG's -75.13% return.

CRWG

• 1D: -14.04%
• 1M: -28.24%
• YTD: 53.84%
• 6M: 13.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BMNG

• 1D: -12.21%
• 1M: -48.30%
• YTD: -75.13%
• 6M: -85.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CRWG vs. BMNG - Yearly Performance Comparison

	2026 (YTD)	2025
CRWG Leverage Shares 2X Long CRWV Daily ETF	53.84%	-77.41%
BMNG Leverage Shares 2X Long BMNR Daily ETF	-75.13%	-81.37%

Correlation

The correlation between CRWG and BMNG is 0.52, 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	0.52

Return for Risk

CRWG vs. BMNG - Risk-Adjusted Trends Comparison

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

Sharpe Ratios by Period

	CRWG	BMNG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.42	-0.52	+0.10

Drawdowns

CRWG vs. BMNG - Drawdown Comparison

The maximum CRWG drawdown since its inception was -89.42%, smaller than the maximum BMNG drawdown of -95.36%. Use the drawdown chart below to compare losses from any high point for CRWG and BMNG.

Drawdown Indicators

	CRWG	BMNG	Difference
Max Drawdown Largest peak-to-trough decline	-89.42%	-95.36%	+5.94%
Current Drawdown Current decline from peak	-77.02%	-95.36%	+18.34%
Average Drawdown Average peak-to-trough decline	-68.53%	-81.38%	+12.85%

Volatility

Volatility by Period

	CRWG	BMNG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	191.73%	191.58%	+0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	191.73%	191.58%	+0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	191.73%	191.58%	+0.15%

CRWG vs. BMNG - Expense Ratio Comparison

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

Dividends

CRWG vs. BMNG - Dividend Comparison

CRWG's dividend yield for the trailing twelve months is around 4.81%, while BMNG has not paid dividends to shareholders.

Position	TTM	2025
BMNG Leverage Shares 2X Long BMNR Daily ETF	0.00%	0.00%
CRWG Leverage Shares 2X Long CRWV Daily ETF	4.81%	7.39%

Frequently Asked Questions

Can I hold both CRWG and BMNG in my portfolio?

CRWG and BMNG have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CRWG 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, CRWG or BMNG?

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

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

CRWG has the higher dividend yield at 4.81%, compared with 0.00% for BMNG.