UGE vs. BMNG
UGE (ProShares Ultra Consumer Goods) and BMNG (Leverage Shares 2X Long BMNR Daily ETF) are both Leveraged Equities funds. UGE is passively managed, while BMNG is actively managed. At a correlation of -0.08, they often move in opposite directions. UGE charges 0.95%/yr vs 0.75%/yr for BMNG.
Performance
UGE vs. BMNG - Performance Comparison
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Returns By Period
In the year-to-date period, UGE achieves a 14.78% return, which is significantly higher than BMNG's -81.21% return.
UGE
- 1D
- 4.14%
- 1M
- -1.77%
- YTD
- 14.78%
- 6M
- 15.31%
- 1Y
- 3.62%
- 3Y*
- 5.87%
- 5Y*
- -1.87%
- 10Y*
- 8.64%
BMNG
- 1D
- -9.13%
- 1M
- -40.34%
- YTD
- -81.21%
- 6M
- -84.56%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UGE vs. BMNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UGE ProShares Ultra Consumer Goods | 14.78% | -3.23% |
BMNG Leverage Shares 2X Long BMNR Daily ETF | -81.21% | -80.50% |
Correlation
The correlation between UGE and BMNG is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025 | -0.08 |
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Return for Risk
UGE vs. BMNG — Risk / Return Rank
UGE
BMNG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
UGE vs. BMNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Goods (UGE) 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.
| UGE | BMNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.04 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | — | — |
| Martin ratioReturn relative to average drawdown | 0.33 | — | — |
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Drawdowns
UGE vs. BMNG - Drawdown Comparison
The maximum UGE drawdown since its inception was -71.36%, smaller than the maximum BMNG drawdown of -96.50%. Use the drawdown chart below to compare losses from any high point for UGE and BMNG.
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Drawdown Indicators
| UGE | BMNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.36% | -96.50% | +25.14% |
Max Drawdown (1Y)Largest decline over 1 year | -18.95% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -24.80% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -56.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -57.14% | — | — |
Current DrawdownCurrent decline from peak | -35.16% | -96.50% | +61.34% |
Average DrawdownAverage peak-to-trough decline | -18.77% | -82.04% | +63.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.85% | — | — |
Volatility
UGE vs. BMNG - Volatility Comparison
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Volatility by Period
| UGE | BMNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.36% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 20.98% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 26.07% | 189.32% | -163.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.49% | 189.32% | -157.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.13% | 189.32% | -156.19% |
UGE vs. BMNG - Expense Ratio Comparison
UGE has a 0.95% expense ratio, which is higher than BMNG's 0.75% expense ratio.
Dividends
UGE vs. BMNG - Dividend Comparison
UGE's dividend yield for the trailing twelve months is around 2.12%, while BMNG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMNG Leverage Shares 2X Long BMNR Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UGE ProShares Ultra Consumer Goods | 2.12% | 2.54% | 1.43% | 1.20% | 0.74% | 0.20% | 0.41% | 0.86% | 0.76% | 0.68% | 0.76% | 0.60% |
Frequently Asked Questions
UGE and BMNG have a correlation of -0.08, 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 0.95% for UGE.
UGE has the higher dividend yield at 2.12%, compared with 0.00% for BMNG.
They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for UGE and 0.75% for BMNG.
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