DAMD vs. BMNZ

Last updated Jul 17, 2026

DAMD (Defiance Daily Target 2X Short AMD ETF) and BMNZ (Defiance Daily Target 2X Short BMNR ETF) are both Inverse Equities funds from Defiance - DAMD tracks the Advanced Micro Devices, Inc. while BMNZ tracks the BitMine Immersion Technologies, Inc.. Both are passively managed. At a 0.45 correlation, their price movements are largely independent. Both charge a 1.31% expense ratio.

Performance

DAMD vs. BMNZ - Performance Comparison

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

Returns By Period

In the year-to-date period, DAMD achieves a -92.84% return, which is significantly lower than BMNZ's -13.39% return.

DAMD

• 1D: 11.32%
• 1M: -8.29%
• 6M: -91.69%
• YTD: -92.84%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BMNZ

• 1D: 4.39%
• 1M: -5.35%
• 6M: 28.59%
• YTD: -13.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DAMD vs. BMNZ - Yearly Performance Comparison

	2026 (YTD)	2025
DAMD Defiance Daily Target 2X Short AMD ETF	-92.84%	13.18%
BMNZ Defiance Daily Target 2X Short BMNR ETF	-13.39%	-0.49%

Correlation

The correlation between DAMD and BMNZ is 0.45, 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 14, 2025	0.45

Return for Risk

DAMD vs. BMNZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short AMD ETF (DAMD) 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

DAMD vs. BMNZ - Drawdown Comparison

The maximum DAMD drawdown since its inception was -95.19%, which is greater than BMNZ's maximum drawdown of -70.80%. Use the drawdown chart below to compare losses from any high point for DAMD and BMNZ.

Drawdown Indicators

	DAMD	BMNZ	Difference
Max Drawdown Largest peak-to-trough decline	-95.19%	-70.80%	-24.39%
Current Drawdown Current decline from peak	-93.96%	-51.51%	-42.45%
Average Drawdown Average peak-to-trough decline	-48.25%	-49.97%	+1.72%

Volatility

Volatility by Period

	DAMD	BMNZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	140.63%	184.15%	-43.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	140.63%	184.15%	-43.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	140.63%	184.15%	-43.52%

DAMD vs. BMNZ - Expense Ratio Comparison

Both DAMD and BMNZ have an expense ratio of 1.31%.

Dividends

DAMD vs. BMNZ - Dividend Comparison

Neither DAMD nor BMNZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DAMD and BMNZ in my portfolio?

DAMD and BMNZ have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DAMD or BMNZ?

Both ETFs have the same 1.31% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DAMD or BMNZ?

DAMD and BMNZ have the same expense ratio: 1.31% per year.

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

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

What is the main difference between DAMD and BMNZ?

DAMD tracks Advanced Micro Devices, Inc., while BMNZ tracks BitMine Immersion Technologies, Inc..