NVDG vs. BMNU

Last updated Aug 4, 2026

NVDG (Leverage Shares 2X Long NVDA Daily ETF) and BMNU (T-REX 2X Long BMNR Daily Target ETF) are both Leveraged Equities funds. Both are actively managed. Their 0.42 correlation means their historical movements had little consistent relationship. NVDG charges 0.75%/yr vs 1.50%/yr for BMNU.

Performance

NVDG vs. BMNU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long NVDA Daily ETF (NVDG) and T-REX 2X Long BMNR Daily Target ETF (BMNU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVDG achieves a 5.32% return, which is significantly higher than BMNU's -78.43% return.

NVDG

• 1D: 5.70%
• 1M: 10.50%
• 6M: 8.19%
• YTD: 5.32%
• 1Y: 10.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.15%

BMNU

• 1D: 1.08%
• 1M: 33.84%
• 6M: -65.52%
• YTD: -78.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BMNU T-REX 2X Long BMNR Daily Target ETF	$38.51M	$39.93M	$115.00M
NVDG Leverage Shares 2X Long NVDA Daily ETF	$3.04M	$4.02M	$6.35M

NVDG vs. BMNU - Yearly Performance Comparison

	2026 (YTD)	2025
NVDG Leverage Shares 2X Long NVDA Daily ETF	5.32%	3.29%
BMNU T-REX 2X Long BMNR Daily Target ETF	-78.43%	-80.88%

Correlation

The correlation between NVDG and BMNU is 0.42, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025	0.42

Return for Risk

NVDG vs. BMNU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NVDG

NVDG Risk / Return Rank: 17
NVDG Sharpe Ratio Rank: 14
NVDG Sortino Ratio Rank: 21
NVDG Omega Ratio Rank: 19
NVDG Calmar Ratio Rank: 15
NVDG Martin Ratio Rank: 14

BMNU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NVDG vs. BMNU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NVDA Daily ETF (NVDG) and T-REX 2X Long BMNR Daily Target ETF (BMNU). 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.

	NVDG	BMNU	Difference
Sharpe ratio: Return per unit of total volatility	0.15	—	—
Sortino ratio: Return per unit of downside risk	0.72	—	—
Omega ratio: Gain probability vs. loss probability	1.08	—	—
Calmar ratio: Return relative to maximum drawdown	0.25	—	—
Martin ratio: Return relative to average drawdown	0.48	—	—

Drawdowns

NVDG vs. BMNU - Drawdown Comparison

The maximum NVDG drawdown since its inception was -66.19%, smaller than the maximum BMNU drawdown of -98.29%. Use the drawdown chart below to compare losses from any high point for NVDG and BMNU.

Drawdown Indicators

	NVDG	BMNU	Difference
Max Drawdown Largest peak-to-trough decline	-66.19%	-98.29%	+32.10%
Max Drawdown (1Y) Largest decline over 1 year	-42.72%	—	—
Current Drawdown Current decline from peak	-27.68%	-97.37%	+69.69%
Average Drawdown Average peak-to-trough decline	-23.53%	-82.77%	+59.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.03%	—	—

Volatility

Volatility by Period

	NVDG	BMNU	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.88%	—	—
Volatility (6M) Calculated over the trailing 6-month period	56.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	72.40%	183.03%	-110.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.75%	183.03%	-93.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.75%	183.03%	-93.28%

NVDG vs. BMNU - Expense Ratio Comparison

NVDG has a 0.75% expense ratio, which is lower than BMNU's 1.50% expense ratio.

Dividends

NVDG vs. BMNU - Dividend Comparison

NVDG's dividend yield for the trailing twelve months is around 11.22%, while BMNU has not paid dividends to shareholders.

Position	TTM	2025
BMNU T-REX 2X Long BMNR Daily Target ETF	0.00%	0.00%
NVDG Leverage Shares 2X Long NVDA Daily ETF	11.22%	11.81%

Frequently Asked Questions

Can I hold both NVDG and BMNU in my portfolio?

NVDG and BMNU have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NVDG or BMNU?

On fees, NVDG 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, NVDG or BMNU?

NVDG is cheaper with a 0.75% expense ratio, compared with 1.50% for BMNU.

Which ETF pays a higher dividend yield, NVDG or BMNU?

NVDG has the higher dividend yield at 11.22%, compared with 0.00% for BMNU.

What is the main difference between NVDG and BMNU?

They also come from different issuers: Leverage Shares and REX. Their fees differ too: 0.75% for NVDG and 1.50% for BMNU.