TQQY vs. BMNG

Last updated Jul 18, 2026

TQQY (GraniteShares YieldBOOST QQQ ETF) and BMNG (Leverage Shares 2X Long BMNR Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.45 correlation, their price movements are largely independent. TQQY charges 1.07%/yr vs 0.75%/yr for BMNG.

Performance

TQQY vs. BMNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST QQQ ETF (TQQY) 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, TQQY achieves a 3.59% return, which is significantly higher than BMNG's -80.92% return.

TQQY

• 1D: -1.19%
• 1M: -0.66%
• 6M: 3.18%
• YTD: 3.59%
• 1Y: 5.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BMNG

• 1D: 2.56%
• 1M: -6.82%
• 6M: -84.80%
• YTD: -80.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TQQY vs. BMNG - Yearly Performance Comparison

	2026 (YTD)	2025
TQQY GraniteShares YieldBOOST QQQ ETF	3.59%	-8.27%
BMNG Leverage Shares 2X Long BMNR Daily ETF	-80.92%	-80.50%

Correlation

The correlation between TQQY and BMNG is 0.45, 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	0.45

Return for Risk

TQQY vs. BMNG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TQQY

TQQY Risk / Return Rank: 14
TQQY Sharpe Ratio Rank: 14
TQQY Sortino Ratio Rank: 13
TQQY Omega Ratio Rank: 14
TQQY Calmar Ratio Rank: 14
TQQY Martin Ratio Rank: 13

BMNG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TQQY vs. BMNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST QQQ ETF (TQQY) 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.

	TQQY	BMNG	Difference
Sharpe ratio: Return per unit of total volatility	0.25	—	—
Sortino ratio: Return per unit of downside risk	0.43	—	—
Omega ratio: Gain probability vs. loss probability	1.07	—	—
Calmar ratio: Return relative to maximum drawdown	0.27	—	—
Martin ratio: Return relative to average drawdown	0.64	—	—

Drawdowns

TQQY vs. BMNG - Drawdown Comparison

The maximum TQQY drawdown since its inception was -26.06%, smaller than the maximum BMNG drawdown of -97.32%. Use the drawdown chart below to compare losses from any high point for TQQY and BMNG.

Drawdown Indicators

	TQQY	BMNG	Difference
Max Drawdown Largest peak-to-trough decline	-26.06%	-97.32%	+71.26%
Max Drawdown (1Y) Largest decline over 1 year	-19.35%	—	—
Current Drawdown Current decline from peak	-7.45%	-96.45%	+89.00%
Average Drawdown Average peak-to-trough decline	-9.70%	-83.42%	+73.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.19%	—	—

Volatility

Volatility by Period

	TQQY	BMNG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.74%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.35%	186.10%	-164.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.31%	186.10%	-162.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.31%	186.10%	-162.79%

TQQY vs. BMNG - Expense Ratio Comparison

TQQY has a 1.07% expense ratio, which is higher than BMNG's 0.75% expense ratio.

Dividends

TQQY vs. BMNG - Dividend Comparison

TQQY's dividend yield for the trailing twelve months is around 62.49%, while BMNG has not paid dividends to shareholders.

Position	TTM	2025
BMNG Leverage Shares 2X Long BMNR Daily ETF	0.00%	0.00%
TQQY GraniteShares YieldBOOST QQQ ETF	62.49%	49.61%

Frequently Asked Questions

Can I hold both TQQY and BMNG in my portfolio?

TQQY and BMNG have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TQQY 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, TQQY or BMNG?

BMNG is cheaper with a 0.75% expense ratio, compared with 1.07% for TQQY.

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

TQQY has the higher dividend yield at 62.49%, compared with 0.00% for BMNG.

What is the main difference between TQQY and BMNG?

They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.07% for TQQY and 0.75% for BMNG.