XPEG vs. BMNG

Last updated Jun 4, 2026

XPEG (Leverage Shares 2X Long XPEV Daily ETF) and BMNG (Leverage Shares 2X Long BMNR Daily ETF) are both Leveraged Equities funds from Leverage Shares. XPEG is passively managed, while BMNG is actively managed. At a 0.33 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

XPEG vs. BMNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long XPEV Daily ETF (XPEG) and Leverage Shares 2X Long BMNR Daily ETF (BMNG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XPEG

• 1D: -4.62%
• 1M: 15.98%
• YTD: —
• 6M: —
• 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)

XPEG vs. BMNG - Yearly Performance Comparison

	2026 (YTD)
XPEG Leverage Shares 2X Long XPEV Daily ETF	-39.77%
BMNG Leverage Shares 2X Long BMNR Daily ETF	-79.82%

Correlation

The correlation between XPEG and BMNG is 0.33, 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 Jan 16, 2026	0.33

Return for Risk

XPEG vs. BMNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long XPEV Daily ETF (XPEG) 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

	XPEG	BMNG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.75	-0.52	-0.23

Drawdowns

XPEG vs. BMNG - Drawdown Comparison

The maximum XPEG drawdown since its inception was -55.25%, smaller than the maximum BMNG drawdown of -95.36%. Use the drawdown chart below to compare losses from any high point for XPEG and BMNG.

Drawdown Indicators

	XPEG	BMNG	Difference
Max Drawdown Largest peak-to-trough decline	-55.25%	-95.36%	+40.11%
Current Drawdown Current decline from peak	-39.77%	-95.36%	+55.59%
Average Drawdown Average peak-to-trough decline	-34.77%	-81.38%	+46.61%

Volatility

Volatility by Period

	XPEG	BMNG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	99.56%	191.58%	-92.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	99.56%	191.58%	-92.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	99.56%	191.58%	-92.02%

XPEG vs. BMNG - Expense Ratio Comparison

Both XPEG and BMNG have an expense ratio of 0.75%.

Dividends

XPEG vs. BMNG - Dividend Comparison

Neither XPEG nor BMNG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XPEG and BMNG in my portfolio?

XPEG and BMNG have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XPEG or BMNG?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XPEG or BMNG?

XPEG and BMNG have the same expense ratio: 0.75% per year.

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

XPEG and BMNG have nearly identical dividend yields, around 0.00%.