{"url":"https://etfiq.com/compare/leverage/bmnu-vs-bmnz","section":"compare","title":"BMNU vs BMNZ: which held to its multiple? | ETFIQ","description":"BMNU sets out to return +2 times BMNR each day and BMNZ -2 times. Over the three months to Sep 30, 2026 they finished +3.2 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, BMNU or BMNZ?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, BMNU finished 3.2 points from what its multiple implies and BMNZ finished 89.5 points from its own, so BMNU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are BMNU and BMNZ levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on BitMine Immersion Technologies, BMNU at +2 times and BMNZ at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, BMNU or BMNZ?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window BMNU\u2019s moved at 81% annualized and BMNZ\u2019s at 81%, so BMNU has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold BMNU 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, BMNU or BMNZ?","acceptedAnswer":{"@type":"Answer","text":"BMNU charges 1.50% a year and BMNZ charges 1.40%, so BMNZ 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":"BMNU vs BMNZ","item":"https://etfiq.com/compare/leverage/bmnu-vs-bmnz"}]},{"@type":"WebPage","name":"BMNU vs BMNZ: which held to its multiple?","description":"BMNU sets out to return +2 times BMNR each day and BMNZ -2 times. Over the three months to Sep 30, 2026 they finished +3.2 pts and +89.5 pts away.","url":"https://etfiq.com/compare/leverage/bmnu-vs-bmnz","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, BMNU finished 21.2 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 BMNU and BMNZ","description":"BMNU sets out to return +2 times BMNR each day and BMNZ -2 times. Over the three months to Sep 30, 2026 they finished +3.2 pts and +89.5 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/bmnu-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":7202,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / BMNU vs BMNZ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n BMNU vs BMNZ: which held to its multiple?\n\n Over three months against its own daily promise, BMNU finished 21.2 points short and BMNZ 0.7 points short.\n Copy this for sharing \n \n T-REX 2X LONG BMNR DAILY TARGET ETF and Defiance Daily Target 2X Short BMNR ETF.\n\n Download as PDF \n\n +176.8% BMNU returned, 3 months \n \u221284.1% BMNZ returned, 3 months \n +3.2 pts BMNU from its stated multiple \n +89.5 pts BMNZ from its stated multiple \n\n ETFIQ Decay Resistance Score: BMNZ scores h","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/bmnu-vs-bmnz","a":{"ticker":"BMNU","name":"T-REX 2X LONG BMNR DAILY TARGET ETF","issuer":"T-REX","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: BMNU returned +176.8% where its own daily promise gave +198.0%, 21.2 points short.","url":"https://etfiq.com/funds/bmnu","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":"+176.8%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u221221.2 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$419m","as_of":"2026-09-30","source":"issuer page, as of Sep 29, 2026"},{"label":"Expense ratio","value":"1.50%","as_of":"2026-09-30","source":"485BPOS XBRL, Apr 30, 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/bmnu-vs-bmnz"}