VALG vs. BMNG
VALG (Leverage Shares 2X Long VALE Daily ETF) and BMNG (Leverage Shares 2X Long BMNR Daily ETF) are both Leveraged Equities funds from Leverage Shares. VALG is passively managed, while BMNG is actively managed. At a 0.35 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
VALG vs. BMNG - Performance Comparison
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Returns By Period
In the year-to-date period, VALG achieves a 35.93% return, which is significantly higher than BMNG's -75.13% return.
VALG
- 1D
- -9.01%
- 1M
- 1.55%
- YTD
- 35.93%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BMNG
- 1D
- -12.21%
- 1M
- -48.30%
- YTD
- -75.13%
- 6M
- -85.16%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VALG vs. BMNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VALG Leverage Shares 2X Long VALE Daily ETF | 35.93% | 3.65% |
BMNG Leverage Shares 2X Long BMNR Daily ETF | -75.13% | -10.92% |
Correlation
The correlation between VALG and BMNG is 0.35, 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 Dec 19, 2025 | 0.35 |
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Return for Risk
VALG vs. BMNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long VALE Daily ETF (VALG) 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
| VALG | BMNG | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | 1.52 | -0.52 | +2.04 |
Drawdowns
VALG vs. BMNG - Drawdown Comparison
The maximum VALG drawdown since its inception was -36.93%, smaller than the maximum BMNG drawdown of -95.36%. Use the drawdown chart below to compare losses from any high point for VALG and BMNG.
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Drawdown Indicators
| VALG | BMNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.93% | -95.36% | +58.43% |
Current DrawdownCurrent decline from peak | -21.33% | -95.36% | +74.03% |
Average DrawdownAverage peak-to-trough decline | -11.74% | -81.38% | +69.64% |
Volatility
VALG vs. BMNG - Volatility Comparison
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Volatility by Period
| VALG | BMNG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 75.74% | 191.58% | -115.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.74% | 191.58% | -115.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.74% | 191.58% | -115.84% |
VALG vs. BMNG - Expense Ratio Comparison
Both VALG and BMNG have an expense ratio of 0.75%.
Dividends
VALG vs. BMNG - Dividend Comparison
Neither VALG nor BMNG has paid dividends to shareholders.
Frequently Asked Questions
VALG and BMNG have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VALG and BMNG have the same expense ratio: 0.75% per year.
VALG and BMNG have nearly identical dividend yields, around 0.00%.
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