RVNL vs. BMNG
RVNL (GraniteShares 2x Long RIVN Daily ETF) and BMNG (Leverage Shares 2X Long BMNR Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.32 correlation, their price movements are largely independent. RVNL charges 1.15%/yr vs 0.75%/yr for BMNG.
Performance
RVNL vs. BMNG - Performance Comparison
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Returns By Period
In the year-to-date period, RVNL achieves a -45.20% return, which is significantly higher than BMNG's -78.43% return.
RVNL
- 1D
- -19.35%
- 1M
- 21.38%
- YTD
- -45.20%
- 6M
- -37.35%
- 1Y
- -16.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BMNG
- 1D
- -22.44%
- 1M
- -55.66%
- YTD
- -78.43%
- 6M
- -87.34%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RVNL vs. BMNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RVNL GraniteShares 2x Long RIVN Daily ETF | -45.20% | 84.89% |
BMNG Leverage Shares 2X Long BMNR Daily ETF | -78.43% | -81.37% |
Correlation
The correlation between RVNL and BMNG is 0.32, 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 28, 2025 | 0.32 |
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Return for Risk
RVNL vs. BMNG — Risk / Return Rank
RVNL
BMNG
RVNL vs. BMNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long RIVN Daily ETF (RVNL) 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.
| RVNL | BMNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.09 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | — | — |
| Martin ratioReturn relative to average drawdown | -0.42 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RVNL | BMNG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.13 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | -0.52 | +0.65 |
Drawdowns
RVNL vs. BMNG - Drawdown Comparison
The maximum RVNL drawdown since its inception was -72.92%, smaller than the maximum BMNG drawdown of -95.98%. Use the drawdown chart below to compare losses from any high point for RVNL and BMNG.
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Drawdown Indicators
| RVNL | BMNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.92% | -95.98% | +23.06% |
Max Drawdown (1Y)Largest decline over 1 year | -72.92% | — | — |
Current DrawdownCurrent decline from peak | -57.98% | -95.98% | +38.00% |
Average DrawdownAverage peak-to-trough decline | -40.22% | -81.57% | +41.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.30% | — | — |
Volatility
RVNL vs. BMNG - Volatility Comparison
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Volatility by Period
| RVNL | BMNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 37.10% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 93.68% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 127.61% | 193.00% | -65.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 125.00% | 193.00% | -68.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 125.00% | 193.00% | -68.00% |
RVNL vs. BMNG - Expense Ratio Comparison
RVNL has a 1.15% expense ratio, which is higher than BMNG's 0.75% expense ratio.
Dividends
RVNL vs. BMNG - Dividend Comparison
Neither RVNL nor BMNG has paid dividends to shareholders.
Frequently Asked Questions
RVNL and BMNG have a correlation of 0.32, 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 1.15% for RVNL.
RVNL and BMNG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.15% for RVNL and 0.75% for BMNG.
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