{"url":"https://etfiq.com/compare/leverage/bmng-vs-bmnz","section":"compare","title":"BMNG vs BMNZ: which held to its multiple? | ETFIQ","description":"BMNG sets out to return +2 times BMNR each day and BMNZ -2 times. Over the three months to Sep 30, 2026 they finished +2.8 pts and +89.5 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, BMNG or BMNZ?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, BMNG finished 2.8 points from what its multiple implies and BMNZ finished 89.5 points from its own, so BMNG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are BMNG and BMNZ levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on BitMine Immersion Technologies, BMNG at +2 times and BMNZ at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, BMNG or BMNZ?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window BMNG\u2019s moved at 81% annualized and BMNZ\u2019s at 81%, so BMNG has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold BMNG or BMNZ for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, BMNG or BMNZ?","acceptedAnswer":{"@type":"Answer","text":"BMNG charges 0.78% a year and BMNZ charges 1.40%, so BMNG is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"BMNG vs BMNZ","item":"https://etfiq.com/compare/leverage/bmng-vs-bmnz"}]},{"@type":"WebPage","name":"BMNG vs BMNZ: which held to its multiple?","description":"BMNG sets out to return +2 times BMNR each day and BMNZ -2 times. Over the three months to Sep 30, 2026 they finished +2.8 pts and +89.5 pts away.","url":"https://etfiq.com/compare/leverage/bmng-vs-bmnz","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, BMNG finished 21.7 points short and BMNZ 0.7 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of BMNG and BMNZ","description":"BMNG sets out to return +2 times BMNR each day and BMNZ -2 times. Over the three months to Sep 30, 2026 they finished +2.8 pts and +89.5 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/bmng-vs-bmnz","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7148,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / BMNG vs BMNZ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n BMNG vs BMNZ: which held to its multiple?\n\n Over three months against its own daily promise, BMNG finished 21.7 points short and BMNZ 0.7 points short.\n Copy this for sharing \n \n Leverage Shares 2X Long BMNR Daily ETF and Defiance Daily Target 2X Short BMNR ETF.\n\n Download as PDF \n\n +176.3% BMNG returned, 3 months \n \u221284.1% BMNZ returned, 3 months \n +2.8 pts BMNG from its stated multiple \n +89.5 pts BMNZ from its stated multiple \n\n ETFIQ Decay Resistance Score: BMNZ score","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/bmng-vs-bmnz","a":{"ticker":"BMNG","name":"Leverage Shares 2X Long BMNR Daily ETF","issuer":"Leverage Shares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: BMNG returned +176.3% where its own daily promise gave +198.0%, 21.7 points short.","url":"https://etfiq.com/funds/bmng","key_facts":[{"label":"What BMNR did","value":"+86.8%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+198.0%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+176.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u221221.7 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$55m","as_of":"2026-09-30","source":"issuer page, as of Sep 29, 2026"},{"label":"Expense ratio","value":"0.78%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 27, 2026"}]},"b":{"ticker":"BMNZ","name":"Defiance Daily Target 2X Short BMNR ETF","issuer":"Defiance","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: BMNZ returned \u221284.1% where its own daily promise gave \u221283.4%, 0.7 points short.","url":"https://etfiq.com/funds/bmnz","key_facts":[{"label":"What BMNR did","value":"+86.8%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"\u221283.4%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221284.1%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22120.7 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$27m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.40%","as_of":"2026-09-30","source":"485BPOS XBRL, Aug 25, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/bmng-vs-bmnz"}