LABX vs. BMNG
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 0.35 correlation, their price movements are largely independent. LABX charges 1.30%/yr vs 0.75%/yr for BMNG.
Performance
LABX vs. BMNG - Performance Comparison
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Returns By Period
In the year-to-date period, LABX achieves a 73.92% return, which is significantly higher than BMNG's -80.92% return.
LABX
- 1D
- -10.51%
- 1M
- -42.90%
- 6M
- 50.21%
- YTD
- 73.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BMNG
- 1D
- 2.56%
- 1M
- -6.82%
- 6M
- -84.80%
- YTD
- -80.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LABX vs. BMNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LABX Tradr 2X Long ALAB Daily ETF | 73.92% | -13.49% |
BMNG Leverage Shares 2X Long BMNR Daily ETF | -80.92% | -80.50% |
Correlation
The correlation between LABX and BMNG is 0.35, 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 27, 2025 | 0.35 |
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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.
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.
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Drawdowns
LABX vs. BMNG - Drawdown Comparison
The maximum LABX drawdown since its inception was -90.93%, smaller than the maximum BMNG drawdown of -97.32%. Use the drawdown chart below to compare losses from any high point for LABX and BMNG.
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Drawdown Indicators
| LABX | BMNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.93% | -97.32% | +6.39% |
Current DrawdownCurrent decline from peak | -63.99% | -96.45% | +32.46% |
Average DrawdownAverage peak-to-trough decline | -52.79% | -83.42% | +30.63% |
Volatility
LABX vs. BMNG - Volatility Comparison
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Volatility by Period
| LABX | BMNG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 192.98% | 186.10% | +6.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 192.98% | 186.10% | +6.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 192.98% | 186.10% | +6.88% |
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.
Frequently Asked Questions
LABX and BMNG have a correlation of 0.35, 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 1.30% for LABX.
LABX and BMNG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.30% for LABX and 0.75% for BMNG.
Find the right allocation for LABX and BMNG
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