TBXU vs. BMNG
TBXU (Direxion Daily Biotech Top 5 Bull 2X ETF) and BMNG (Leverage Shares 2X Long BMNR Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.19 correlation, their price movements are largely independent. TBXU charges 0.98%/yr vs 0.75%/yr for BMNG.
Performance
TBXU vs. BMNG - Performance Comparison
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Returns By Period
In the year-to-date period, TBXU achieves a -1.39% return, which is significantly higher than BMNG's -78.43% return.
TBXU
- 1D
- 4.10%
- 1M
- 1.42%
- YTD
- -1.39%
- 6M
- -3.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BMNG
- 1D
- -22.44%
- 1M
- -55.66%
- YTD
- -78.43%
- 6M
- -87.34%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TBXU vs. BMNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TBXU Direxion Daily Biotech Top 5 Bull 2X ETF | -1.39% | 13.82% |
BMNG Leverage Shares 2X Long BMNR Daily ETF | -78.43% | -81.37% |
Correlation
The correlation between TBXU and BMNG is 0.19, 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 | 0.19 |
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Return for Risk
TBXU vs. BMNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Biotech Top 5 Bull 2X ETF (TBXU) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| TBXU | BMNG | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | -0.52 | +1.14 |
Drawdowns
TBXU vs. BMNG - Drawdown Comparison
The maximum TBXU drawdown since its inception was -26.53%, smaller than the maximum BMNG drawdown of -95.98%. Use the drawdown chart below to compare losses from any high point for TBXU and BMNG.
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Drawdown Indicators
| TBXU | BMNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.53% | -95.98% | +69.45% |
Current DrawdownCurrent decline from peak | -17.29% | -95.98% | +78.69% |
Average DrawdownAverage peak-to-trough decline | -8.79% | -81.57% | +72.78% |
Volatility
TBXU vs. BMNG - Volatility Comparison
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Volatility by Period
| TBXU | BMNG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 41.38% | 193.00% | -151.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.38% | 193.00% | -151.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.38% | 193.00% | -151.62% |
TBXU vs. BMNG - Expense Ratio Comparison
TBXU has a 0.98% expense ratio, which is higher than BMNG's 0.75% expense ratio.
Dividends
TBXU vs. BMNG - Dividend Comparison
TBXU's dividend yield for the trailing twelve months is around 1.68%, while BMNG has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BMNG Leverage Shares 2X Long BMNR Daily ETF | 0.00% | 0.00% |
TBXU Direxion Daily Biotech Top 5 Bull 2X ETF | 1.68% | 1.33% |
Frequently Asked Questions
TBXU and BMNG have a correlation of 0.19, 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 0.98% for TBXU.
TBXU has the higher dividend yield at 1.68%, compared with 0.00% for BMNG.
They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.98% for TBXU and 0.75% for BMNG.
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