BMNG vs CVRT

Comparison between LEVERAGE SHARES 2X LONG BMNR DAILY ETF (BMNG, ETF) and Calamos Convertible Equity Alternative ETF (CVRT, ETF).

BMNG vs CVRT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BMNG(ETF)	CVRT(ETF)
Net Assets	$33M	$33M
Expense Ratio	N/A	0.69%
Max Drawdown	97.32%	21.13%
Sharpe Ratio	-1.43	1.57
5Y Beta	7.98	1.02

Net Assets

BMNG

$33M

CVRT

$33M

Expense Ratio

BMNG

N/A

CVRT

0.69%

Max Drawdown

BMNG

97.32%

Winner

CVRT

21.13%

Sharpe Ratio

BMNG

-1.43

Winner

CVRT

1.57

5Y Beta

BMNG

7.98

Winner

CVRT

1.02

BMNG vs CVRT - Historical Returns

Returns include dividend reinvestment.

Period	BMNG	CVRT
1 month	+10.30%	-7.89%
3 months	-49.29%	+3.01%
6 months	-79.16%	+18.93%
1 year	N/A	+47.02%
Max(CAGR)	-98.67%	+30.04%

Winner

BMNG

+10.30%

CVRT

-7.89%

BMNG

-49.29%

Winner

CVRT

+3.01%

BMNG

-79.16%

Winner

CVRT

+18.93%

BMNG

N/A

CVRT

+47.02%

Max(CAGR)

BMNG

-98.67%

Winner

CVRT

+30.04%

BMNG vs CVRT - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	BMNG	CVRT
2026	-82.31%	+24.97%
2025	-81.37%	+29.40%
2024	N/A	+16.12%
2023	N/A	+11.01%

BMNG vs CVRT Drawdown Comparison

The maximum drawdown for BMNG was -97.32%, occurring on Jun 30, 2026. This drawdown has not yet recovered.

The maximum drawdown for CVRT was -20.71%, occurring on Apr 8, 2025. Recovery took 149 trading sessions.

The current BMNG drawdown is -95.75%. The current CVRT drawdown is -10.15%.

Rank	BMNG	CVRT
#1	-97.32% Oct 27, 2025 - Jun 30, 2026	-20.71% Nov 29, 2024 - Jul 9, 2025
#2	N/A	-12.63% Jun 2, 2026 - Jul 16, 2026
#3	N/A	-9.41% Jul 16, 2024 - Sep 19, 2024
#4	N/A	-8.60% Feb 25, 2026 - Apr 8, 2026
#5	N/A	-8.52% Oct 11, 2023 - Nov 29, 2023
#6	N/A	-7.97% Mar 27, 2024 - Jul 16, 2024
#7	N/A	-7.52% Nov 10, 2025 - Dec 10, 2025
#8	N/A	-6.24% Feb 12, 2024 - Mar 4, 2024
#9	N/A	-6.16% May 11, 2026 - May 29, 2026
#10	N/A	-5.22% Jan 28, 2026 - Feb 6, 2026
#11	N/A	-5.02% Dec 26, 2023 - Feb 9, 2024
#12	N/A	-4.73% Dec 11, 2025 - Jan 5, 2026
#13	N/A	-4.05% Oct 15, 2025 - Oct 27, 2025
#14	N/A	-3.21% Nov 3, 2025 - Nov 10, 2025
#15	N/A	-3.09% Jul 17, 2025 - Aug 22, 2025

Correlation

Correlation between BMNG and CVRT is -0.62 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.62

-101