FNGU vs. BMNG
FNGU (MicroSectors FANG+ 3X Leveraged ETNs) and BMNG (Leverage Shares 2X Long BMNR Daily ETF) are both Leveraged Equities funds. FNGU is passively managed, while BMNG is actively managed. A 0.50 correlation means they provide meaningful diversification when combined. FNGU charges 2.60%/yr vs 0.75%/yr for BMNG.
Performance
FNGU vs. BMNG - Performance Comparison
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Returns By Period
In the year-to-date period, FNGU achieves a 7.21% return, which is significantly higher than BMNG's -79.32% return.
FNGU
- 1D
- -7.77%
- 1M
- -5.74%
- YTD
- 7.21%
- 6M
- 4.80%
- 1Y
- 30.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BMNG
- 1D
- -4.36%
- 1M
- -34.35%
- YTD
- -79.32%
- 6M
- -84.46%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FNGU vs. BMNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FNGU MicroSectors FANG+ 3X Leveraged ETNs | 7.21% | -16.58% |
BMNG Leverage Shares 2X Long BMNR Daily ETF | -79.32% | -80.50% |
Correlation
The correlation between FNGU and BMNG is 0.50, 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 27, 2025 | 0.50 |
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Return for Risk
FNGU vs. BMNG — Risk / Return Rank
FNGU
BMNG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FNGU vs. BMNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ 3X Leveraged ETNs (FNGU) 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.
| FNGU | BMNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.13 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | — | — |
| Martin ratioReturn relative to average drawdown | 1.24 | — | — |
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Drawdowns
FNGU vs. BMNG - Drawdown Comparison
The maximum FNGU drawdown since its inception was -61.30%, smaller than the maximum BMNG drawdown of -96.19%. Use the drawdown chart below to compare losses from any high point for FNGU and BMNG.
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Drawdown Indicators
| FNGU | BMNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.30% | -96.19% | +34.89% |
Max Drawdown (1Y)Largest decline over 1 year | -59.55% | — | — |
Current DrawdownCurrent decline from peak | -25.09% | -96.15% | +71.06% |
Average DrawdownAverage peak-to-trough decline | -22.25% | -81.95% | +59.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.10% | — | — |
Volatility
FNGU vs. BMNG - Volatility Comparison
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Volatility by Period
| FNGU | BMNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.41% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 52.02% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 64.11% | 189.65% | -125.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.02% | 189.65% | -108.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.02% | 189.65% | -108.63% |
FNGU vs. BMNG - Expense Ratio Comparison
FNGU has a 2.60% expense ratio, which is higher than BMNG's 0.75% expense ratio.
Dividends
FNGU vs. BMNG - Dividend Comparison
Neither FNGU nor BMNG has paid dividends to shareholders.
Frequently Asked Questions
FNGU and BMNG have a correlation of 0.50, 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 2.60% for FNGU.
FNGU and BMNG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Bank of Montreal and Leverage Shares. Their fees differ too: 2.60% for FNGU and 0.75% for BMNG.
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