# BNMC (Corgi BMNR 2x Daily ETF)

Corgi · Leveraged ETFs · data as of Sep 30, 2026

One month to Sep 30, 2026: BNMC returned +0.9% where its own daily promise gave +2.8%, 1.9 points short.

## Key facts

- BNMC, what BMNR did: +4.4%, as of Sep 30, 2026.
- BNMC, what 2 times a day gives: +2.8%, as of Sep 30, 2026.
- BNMC, what the fund returned: +0.9%, as of Sep 30, 2026.
- BNMC, the fund itself cost: −1.9 pts, as of Sep 30, 2026.
- BNMC, net assets: $1m (the issuer’s own daily fund list, as of Sep 30, 2026).
- BNMC, expense ratio: 0.45% (485BPOS XBRL, Jun 5, 2026).

## BNMC over each window to Sep 30, 2026

| Window | Fund | BMNR | +2x the move | Difference | BMNR moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +0.9% | +4.4% | +8.8% | −7.9 pts | 87% |
| Since launch | +156.0% | +76.4% | +152.9% | +3.1 pts | 83% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of BMNR, reset daily | ETFIQ |
| Multiple a holder actually got over the window | BMNR moved +4.4% over this window, too little to read a multiple from | ETFIQ |
| Underlying | BMNR | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $1m | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 0.45% | 485BPOS XBRL, Jun 5, 2026 |
| Launched | Jul 10, 2026 | ETFIQ |
| Underlying volatility over the window | 87% annualized | ETFIQ |

## Questions

### Did BNMC return +2 times BMNR?

Over the window to Sep 30, 2026, BMNR moved +4.4% and BNMC returned +0.9%. 2 times that move is +8.8%, so the fund came out 7.9 points short of it.

### Why does BNMC not return +2 times over a year?

Because it resets daily. BNMC aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.

### Which +2x BMNR ETF tracked its stated multiple most closely?

3 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the figure itself.


## Cite this page

ETFIQ, BNMC, data as of Sep 30, 2026. https://etfiq.com/funds/bnmc
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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