MNGB, the Yorkville America 2X Inverse MANGOS Plus Daily Target ETF, is an ETF whose main story is the AI compute core.
How it has performed
How MNGB has done, next to the ETFs carrying its narrative and the US market.
| Period | MNGB | The AI compute core | US market |
|---|---|---|---|
| Last month | +22.3% | −5.8% | −0.4% |
| Since launch, September 2026 | +25.1% | – | – |
Returns are price change plus dividends. Its narrative is the ETFs carrying the AI compute core, combined and weighted by size, leaving out leveraged and inverse ones. A leveraged or inverse product resets each day, so over longer periods its return can differ a lot from the multiple. A dash means it has not traded for the whole period. Past performance, not a forecast or a recommendation.
Key facts
How it moves
MNGB has traded for less than a year, so how it moves against the market is not shown yet.
Risk
Against its peers
Nearest by size
The ETFs ranked just above and below MNGB by assets, among the 373 ETFs whose main narrative is the AI compute core, largest first.
| # | ETF | ASSETS | 1 YEAR | COST |
|---|---|---|---|---|
| 352 | LSCM | – | – | – |
| 353 | LYTX | – | – | – |
| 354 | MEML | – | – | – |
| 355 | MGOL | – | – | 0.99% |
| 356 | MN | – | – | 0.20% |
| 357 | MNGB | – | – | 0.90% |
| 358 | MNGO | – | – | – |
| 359 | MNGZ | – | – | 0.90% |
| 360 | MWAL | – | – | – |
| 361 | MXLH | – | – | – |
| 362 | NWRK | – | – | – |
1 year is price change plus dividends; cost is the yearly fee.
Cost against its peers
MNGB is leveraged or inverse, so it is shown against the plain ETFs but not ranked among them.
Where it sits in The AI compute core
Each dot is one of 78 plain ETFs whose main narrative is the AI compute core, placed by its return (up) and how much it swung (right) over the last year.
The narrative it carries
Its main narrative, at 70% of its exposure.
The AI compute core →
The chips, memory and data centers AI runs on, and the big technology companies that build and buy them.
This week its attention level is 57.1, in the WARM band, 6th of 22. 427 ETFs carry it.
Also carries: The productivity handoff →
Software, cloud and online retail: the companies that sell the work AI is starting to do.
How it is built
An inverse ETF that aims for 2 times the opposite of the daily return of what it tracks, reset each day, and gets its exposure through swaps. It is not counted in its narrative's share of money, because an inverse product bets against the story.
Common questions
What story is MNGB selling?
MNGB’s main story is the AI compute core, which covers the chips, memory and data centers AI runs on, and the big technology companies that build and buy them. Its second is the productivity handoff.
What does MNGB cost?
MNGB charges a yearly fee of 0.90%.
Is MNGB leveraged?
It is inverse. MNGB aims for 2 times the opposite of the daily return of what it tracks, reset each day.
When did MNGB launch?
MNGB launched on September 21, 2026 and is issued by Yorkville.
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