RIOX vs. BMNG
RIOX (Defiance Daily Target 2X Long RIOT ETF) and BMNG (Leverage Shares 2X Long BMNR Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their 0.57 correlation means they have sometimes moved together and sometimes differently. RIOX charges 0.95%/yr vs 0.75%/yr for BMNG.
Performance
RIOX vs. BMNG - Performance Comparison
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Returns By Period
In the year-to-date period, RIOX achieves a 28.32% return, which is significantly higher than BMNG's -78.09% return.
RIOX
- 1D
- -17.51%
- 1M
- -27.36%
- 6M
- -6.06%
- YTD
- 28.32%
- 1Y
- 7.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -22.05%
BMNG
- 1D
- -9.09%
- 1M
- 32.74%
- 6M
- -71.67%
- YTD
- -78.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.15M | $12.05M | $13.09M | |
| $4.70M | $4.01M | $10.22M |
RIOX vs. BMNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RIOX Defiance Daily Target 2X Long RIOT ETF | 28.32% | -72.22% |
BMNG Leverage Shares 2X Long BMNR Daily ETF | -78.09% | -80.50% |
Correlation
The correlation between RIOX and BMNG is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025 | 0.57 |
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Return for Risk
RIOX vs. BMNG — Risk / Return Rank
RIOX
BMNG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
RIOX vs. BMNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long RIOT ETF (RIOX) 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.
| RIOX | BMNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.12 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | — | — |
| Martin ratioReturn relative to average drawdown | -0.58 | — | — |
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Drawdowns
RIOX vs. BMNG - Drawdown Comparison
The maximum RIOX drawdown since its inception was -84.40%, smaller than the maximum BMNG drawdown of -97.32%. Use the drawdown chart below to compare losses from any high point for RIOX and BMNG.
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Drawdown Indicators
| RIOX | BMNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.40% | -97.32% | +12.92% |
Max Drawdown (1Y)Largest decline over 1 year | -84.40% | — | — |
Current DrawdownCurrent decline from peak | -69.19% | -95.92% | +26.73% |
Average DrawdownAverage peak-to-trough decline | -52.12% | -84.08% | +31.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.84% | — | — |
Volatility
RIOX vs. BMNG - Volatility Comparison
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Volatility by Period
| RIOX | BMNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 68.42% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 132.16% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 179.86% | 187.45% | -7.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 173.60% | 187.45% | -13.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 173.60% | 187.45% | -13.85% |
RIOX vs. BMNG - Expense Ratio Comparison
RIOX has a 0.95% expense ratio, which is higher than BMNG's 0.75% expense ratio.
Dividends
RIOX vs. BMNG - Dividend Comparison
RIOX's dividend yield for the trailing twelve months is around 47.35%, while BMNG has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BMNG Leverage Shares 2X Long BMNR Daily ETF | 0.00% | 0.00% |
RIOX Defiance Daily Target 2X Long RIOT ETF | 47.35% | 60.76% |
Frequently Asked Questions
RIOX and BMNG have a correlation of 0.57, 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 0.95% for RIOX.
RIOX has the higher dividend yield at 47.35%, compared with 0.00% for BMNG.
They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 0.95% for RIOX and 0.75% for BMNG.
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