LABX vs. BMNG

Last updated Jun 4, 2026

LABX (Tradr 2X Long ALAB Daily ETF) and BMNG (Leverage Shares 2X Long BMNR Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.34 correlation, their price movements are largely independent. LABX charges 1.30%/yr vs 0.75%/yr for BMNG.

Performance

LABX vs. BMNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long ALAB Daily ETF (LABX) 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, LABX achieves a 201.86% return, which is significantly higher than BMNG's -75.13% return.

LABX

• 1D: 4.15%
• 1M: 194.55%
• YTD: 201.86%
• 6M: 234.95%
• 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)

LABX vs. BMNG - Yearly Performance Comparison

	2026 (YTD)	2025
LABX Tradr 2X Long ALAB Daily ETF	201.86%	-18.88%
BMNG Leverage Shares 2X Long BMNR Daily ETF	-75.13%	-81.37%

Correlation

The correlation between LABX and BMNG is 0.34, 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 Oct 28, 2025	0.34

Return for Risk

LABX vs. BMNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long ALAB Daily ETF (LABX) 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

	LABX	BMNG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	-0.52	+0.96

Drawdowns

LABX vs. BMNG - Drawdown Comparison

The maximum LABX drawdown since its inception was -90.93%, roughly equal to the maximum BMNG drawdown of -95.36%. Use the drawdown chart below to compare losses from any high point for LABX and BMNG.

Drawdown Indicators

	LABX	BMNG	Difference
Max Drawdown Largest peak-to-trough decline	-90.93%	-95.36%	+4.43%
Current Drawdown Current decline from peak	-0.48%	-95.36%	+94.88%
Average Drawdown Average peak-to-trough decline	-57.60%	-81.38%	+23.78%

Volatility

Volatility by Period

	LABX	BMNG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	185.47%	191.58%	-6.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	185.47%	191.58%	-6.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	185.47%	191.58%	-6.11%

LABX vs. BMNG - Expense Ratio Comparison

LABX has a 1.30% expense ratio, which is higher than BMNG's 0.75% expense ratio.

Dividends

LABX vs. BMNG - Dividend Comparison

Neither LABX nor BMNG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LABX and BMNG in my portfolio?

LABX and BMNG have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LABX or BMNG?

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.

Which ETF is cheaper, LABX or BMNG?

BMNG is cheaper with a 0.75% expense ratio, compared with 1.30% for LABX.

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

LABX and BMNG have nearly identical dividend yields, around 0.00%.

What is the main difference between LABX and BMNG?

They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.30% for LABX and 0.75% for BMNG.