CVRT vs BMNG

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

CVRT vs BMNG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

CVRT

$33M

BMNG

$33M

Expense Ratio

CVRT

0.69%

BMNG

N/A

Max Drawdown

Winner

CVRT

21.13%

BMNG

97.32%

Sharpe Ratio

Winner

CVRT

1.57

BMNG

-1.43

5Y Beta

Winner

CVRT

1.02

BMNG

7.98

CVRT vs BMNG - Historical Returns

Returns include dividend reinvestment.

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

CVRT

-7.89%

Winner

BMNG

+10.30%

Winner

CVRT

+3.01%

BMNG

-49.29%

Winner

CVRT

+18.93%

BMNG

-79.16%

CVRT

+47.02%

BMNG

N/A

Max(CAGR)

Winner

CVRT

+30.04%

BMNG

-98.67%

CVRT vs BMNG - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

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

CVRT vs BMNG Drawdown Comparison

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

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

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

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

Correlation

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

-0.62

-101