TSLO vs. BMNG

Last updated Jun 4, 2026

TSLO (Leverage Shares 2x Capped Accelerated TSLA Monthly ETF) and BMNG (Leverage Shares 2X Long BMNR Daily ETF) are both exchange-traded funds - TSLO is a Defined Outcome fund actively managed by Leverage Shares, while BMNG is a Leveraged Equities fund actively managed by Leverage Shares. Both are actively managed. At a 0.39 correlation, their price movements are largely independent. TSLO charges 0.77%/yr vs 0.75%/yr for BMNG.

Performance

TSLO vs. BMNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2x Capped Accelerated TSLA Monthly ETF (TSLO) 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, TSLO achieves a -5.63% return, which is significantly higher than BMNG's -75.13% return.

TSLO

• 1D: -0.08%
• 1M: 5.33%
• YTD: -5.63%
• 6M: -0.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BMNG

• 1D: -12.21%
• 1M: -48.30%
• YTD: -75.13%
• 6M: -85.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSLO vs. BMNG - Yearly Performance Comparison

	2026 (YTD)	2025
TSLO Leverage Shares 2x Capped Accelerated TSLA Monthly ETF	-5.63%	4.28%
BMNG Leverage Shares 2X Long BMNR Daily ETF	-75.13%	-81.37%

Correlation

The correlation between TSLO and BMNG is 0.39, 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	0.39

Return for Risk

TSLO vs. BMNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Capped Accelerated TSLA Monthly ETF (TSLO) 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.

Sharpe Ratios by Period

	TSLO	BMNG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	-0.52	+0.99

Drawdowns

TSLO vs. BMNG - Drawdown Comparison

The maximum TSLO drawdown since its inception was -25.40%, smaller than the maximum BMNG drawdown of -95.36%. Use the drawdown chart below to compare losses from any high point for TSLO and BMNG.

Drawdown Indicators

	TSLO	BMNG	Difference
Max Drawdown Largest peak-to-trough decline	-25.40%	-95.36%	+69.96%
Current Drawdown Current decline from peak	-8.53%	-95.36%	+86.83%
Average Drawdown Average peak-to-trough decline	-7.88%	-81.38%	+73.50%

Volatility

Volatility by Period

	TSLO	BMNG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	38.08%	191.58%	-153.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.08%	191.58%	-153.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.08%	191.58%	-153.50%

TSLO vs. BMNG - Expense Ratio Comparison

TSLO has a 0.77% expense ratio, which is higher than BMNG's 0.75% expense ratio.

Dividends

TSLO vs. BMNG - Dividend Comparison

TSLO's dividend yield for the trailing twelve months is around 20.92%, while BMNG has not paid dividends to shareholders.

Position	TTM	2025
BMNG Leverage Shares 2X Long BMNR Daily ETF	0.00%	0.00%
TSLO Leverage Shares 2x Capped Accelerated TSLA Monthly ETF	20.92%	19.74%

Frequently Asked Questions

Can I hold both TSLO and BMNG in my portfolio?

TSLO and BMNG have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSLO 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, TSLO or BMNG?

BMNG is cheaper with a 0.75% expense ratio, compared with 0.77% for TSLO.

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

TSLO has the higher dividend yield at 20.92%, compared with 0.00% for BMNG.

What is the main difference between TSLO and BMNG?

TSLO is categorized as Defined Outcome, while BMNG is Leveraged Equities. Their fees differ too: 0.77% for TSLO and 0.75% for BMNG.