OSCX vs. BMNG

Last updated Jun 25, 2026

OSCX (Defiance Daily Target 2X Long OSCR ETF) and BMNG (Leverage Shares 2X Long BMNR Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.31 correlation, their price movements are largely independent. OSCX charges 1.31%/yr vs 0.75%/yr for BMNG.

Performance

OSCX vs. BMNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long OSCR ETF (OSCX) 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, OSCX achieves a 192.47% return, which is significantly higher than BMNG's -83.92% return.

OSCX

• 1D: -6.06%
• 1M: 52.98%
• YTD: 192.47%
• 6M: 168.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BMNG

• 1D: -14.39%
• 1M: -48.93%
• YTD: -83.92%
• 6M: -86.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OSCX vs. BMNG - Yearly Performance Comparison

	2026 (YTD)	2025
OSCX Defiance Daily Target 2X Long OSCR ETF	192.47%	-54.57%
BMNG Leverage Shares 2X Long BMNR Daily ETF	-83.92%	-80.50%

Correlation

The correlation between OSCX and BMNG is 0.31, 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	0.31

Return for Risk

OSCX vs. BMNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long OSCR ETF (OSCX) 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.

Drawdowns

OSCX vs. BMNG - Drawdown Comparison

The maximum OSCX drawdown since its inception was -84.49%, smaller than the maximum BMNG drawdown of -97.00%. Use the drawdown chart below to compare losses from any high point for OSCX and BMNG.

Drawdown Indicators

	OSCX	BMNG	Difference
Max Drawdown Largest peak-to-trough decline	-84.49%	-97.00%	+12.51%
Current Drawdown Current decline from peak	-7.02%	-97.00%	+89.98%
Average Drawdown Average peak-to-trough decline	-52.39%	-82.13%	+29.74%

Volatility

Volatility by Period

	OSCX	BMNG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	148.46%	189.44%	-40.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	148.46%	189.44%	-40.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	148.46%	189.44%	-40.98%

OSCX vs. BMNG - Expense Ratio Comparison

OSCX has a 1.31% expense ratio, which is higher than BMNG's 0.75% expense ratio.

Dividends

OSCX vs. BMNG - Dividend Comparison

Neither OSCX nor BMNG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OSCX and BMNG in my portfolio?

OSCX and BMNG have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OSCX 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, OSCX or BMNG?

BMNG is cheaper with a 0.75% expense ratio, compared with 1.31% for OSCX.

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

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

What is the main difference between OSCX and BMNG?

They also come from different issuers: Defiance ETFs and Leverage Shares. Their fees differ too: 1.31% for OSCX and 0.75% for BMNG.