NVDX vs. BMNU

Last updated Jul 14, 2026

NVDX (T-REX 2X Long NVIDIA Daily Target ETF) and BMNU (T-REX 2X Long BMNR Daily Target ETF) are both Leveraged Equities funds from REX. Both are actively managed. At a 0.43 correlation, their price movements are largely independent. NVDX charges 1.05%/yr vs 1.50%/yr for BMNU.

Performance

NVDX vs. BMNU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Long NVIDIA Daily Target ETF (NVDX) 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, NVDX achieves a 1.87% return, which is significantly higher than BMNU's -83.66% return.

NVDX

• 1D: -7.09%
• 1M: -3.81%
• 6M: 4.09%
• YTD: 1.87%
• 1Y: 14.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BMNU

• 1D: -5.32%
• 1M: -22.67%
• 6M: -86.94%
• YTD: -83.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVDX vs. BMNU - Yearly Performance Comparison

	2026 (YTD)	2025
NVDX T-REX 2X Long NVIDIA Daily Target ETF	1.87%	1.75%
BMNU T-REX 2X Long BMNR Daily Target ETF	-83.66%	-80.88%

Correlation

The correlation between NVDX and BMNU is 0.43, 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 Sep 26, 2025	0.43

Return for Risk

NVDX vs. BMNU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NVDX

NVDX Risk / Return Rank: 15
NVDX Sharpe Ratio Rank: 13
NVDX Sortino Ratio Rank: 18
NVDX Omega Ratio Rank: 17
NVDX Calmar Ratio Rank: 14
NVDX Martin Ratio Rank: 13

BMNU

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NVDX vs. BMNU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long NVIDIA Daily Target ETF (NVDX) 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.

	NVDX	BMNU	Difference
Sharpe ratio: Return per unit of total volatility	0.20	—	—
Sortino ratio: Return per unit of downside risk	0.80	—	—
Omega ratio: Gain probability vs. loss probability	1.09	—	—
Calmar ratio: Return relative to maximum drawdown	0.33	—	—
Martin ratio: Return relative to average drawdown	0.67	—	—

Drawdowns

NVDX vs. BMNU - Drawdown Comparison

The maximum NVDX drawdown since its inception was -68.19%, smaller than the maximum BMNU drawdown of -98.29%. Use the drawdown chart below to compare losses from any high point for NVDX and BMNU.

Drawdown Indicators

	NVDX	BMNU	Difference
Max Drawdown Largest peak-to-trough decline	-68.19%	-98.29%	+30.10%
Max Drawdown (1Y) Largest decline over 1 year	-43.76%	—	—
Current Drawdown Current decline from peak	-29.05%	-98.01%	+68.96%
Average Drawdown Average peak-to-trough decline	-20.56%	-81.66%	+61.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.34%	—	—

Volatility

Volatility by Period

	NVDX	BMNU	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	54.70%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	71.48%	182.09%	-110.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	95.09%	182.09%	-87.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	95.09%	182.09%	-87.00%

NVDX vs. BMNU - Expense Ratio Comparison

NVDX has a 1.05% expense ratio, which is lower than BMNU's 1.50% expense ratio.

Dividends

NVDX vs. BMNU - Dividend Comparison

NVDX's dividend yield for the trailing twelve months is around 3.29%, while BMNU has not paid dividends to shareholders.

Position	TTM	2025	2024
BMNU T-REX 2X Long BMNR Daily Target ETF	0.00%	0.00%	0.00%
NVDX T-REX 2X Long NVIDIA Daily Target ETF	3.29%	3.35%	15.48%

Frequently Asked Questions

Can I hold both NVDX and BMNU in my portfolio?

NVDX and BMNU have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NVDX or BMNU?

On fees, NVDX is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NVDX or BMNU?

NVDX is cheaper with a 1.05% expense ratio, compared with 1.50% for BMNU.

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

NVDX has the higher dividend yield at 3.29%, compared with 0.00% for BMNU.

What is the main difference between NVDX and BMNU?

Their fees differ too: 1.05% for NVDX and 1.50% for BMNU.