SBTU vs. BMNG

Last updated Jul 17, 2026

SBTU (T-Rex 2X Long SBET Daily Target ETF) and BMNG (Leverage Shares 2X Long BMNR Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. SBTU charges 1.50%/yr vs 0.75%/yr for BMNG.

Performance

SBTU vs. BMNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long SBET Daily Target ETF (SBTU) 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, SBTU achieves a -72.45% return, which is significantly higher than BMNG's -81.40% return.

SBTU

• 1D: -10.13%
• 1M: 1.91%
• 6M: -79.40%
• YTD: -72.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BMNG

• 1D: -4.29%
• 1M: -14.65%
• 6M: -84.91%
• YTD: -81.40%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SBTU vs. BMNG - Yearly Performance Comparison

	2026 (YTD)	2025
SBTU T-Rex 2X Long SBET Daily Target ETF	-72.45%	-64.64%
BMNG Leverage Shares 2X Long BMNR Daily ETF	-81.40%	-80.50%

Correlation

The correlation between SBTU and BMNG is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025	0.91

Return for Risk

SBTU vs. BMNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long SBET Daily Target ETF (SBTU) 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

SBTU vs. BMNG - Drawdown Comparison

The maximum SBTU drawdown since its inception was -94.22%, roughly equal to the maximum BMNG drawdown of -97.32%. Use the drawdown chart below to compare losses from any high point for SBTU and BMNG.

Drawdown Indicators

	SBTU	BMNG	Difference
Max Drawdown Largest peak-to-trough decline	-94.22%	-97.32%	+3.10%
Current Drawdown Current decline from peak	-91.01%	-96.53%	+5.52%
Average Drawdown Average peak-to-trough decline	-71.86%	-83.35%	+11.49%

Volatility

Volatility by Period

	SBTU	BMNG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	159.58%	186.57%	-26.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	159.58%	186.57%	-26.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	159.58%	186.57%	-26.99%

SBTU vs. BMNG - Expense Ratio Comparison

SBTU has a 1.50% expense ratio, which is higher than BMNG's 0.75% expense ratio.

Dividends

SBTU vs. BMNG - Dividend Comparison

Neither SBTU nor BMNG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SBTU and BMNG in my portfolio?

With a correlation of 0.91, SBTU and BMNG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, SBTU 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, SBTU or BMNG?

BMNG is cheaper with a 0.75% expense ratio, compared with 1.50% for SBTU.

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

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

What is the main difference between SBTU and BMNG?

They also come from different issuers: Tuttle Capital Management and Leverage Shares. Their fees differ too: 1.50% for SBTU and 0.75% for BMNG.