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MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs

BNKD
ETF · Currency in USD
ISIN
US0636797815
CUSIP
063679781
Issuer
Bank of Montreal
Inception Date
Apr 2, 2019
Region
North America (U.S.)
Category
Leveraged Equities
Leveraged
3x
Expense Ratio
0.95%
Index Tracked
Solactive MicroSectors U.S. Big Banks Index (-300%)
ETF Home Page
www.microsectors.com
Asset Class
Equity

Asset Class Size

Multi-Cap

BNKDPrice Chart


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S&P 500

BNKDPerformance

The chart shows the growth of $10,000 invested in MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs on Apr 5, 2019 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $257 for a total return of roughly -97.43%. All prices are adjusted for splits and dividends.


BNKD (MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs)
Benchmark (S&P 500)

BNKDReturns in periods

Returns over 1 year are annualized

PeriodReturn
1M2.23%
6M-30.56%
YTD-68.96%
1Y-88.86%
5Y-77.49%
10Y-77.49%

BNKDMonthly Returns Heatmap


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BNKDSharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs Sharpe ratio is -1.08. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


BNKD (MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs)
Benchmark (S&P 500)

BNKDDividends


BNKD doesn't pay dividends

BNKDDrawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


BNKD (MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs)
Benchmark (S&P 500)

BNKDWorst Drawdowns

The table below shows the maximum drawdowns of the MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs is 98.73%, recorded on Aug 27, 2021. The portfolio has not recovered from it yet.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-98.73%Mar 13, 2020369Aug 27, 2021
-57.41%Jun 3, 2019149Jan 2, 202045Mar 9, 2020194
-21.2%Mar 10, 20201Mar 10, 20202Mar 12, 20203
-18.86%Apr 10, 201917May 3, 201914May 23, 201931
-3.43%May 24, 20191May 24, 20191May 28, 20192
-1.13%Apr 8, 20191Apr 8, 20191Apr 9, 20192

BNKDVolatility Chart

Current MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs volatility is 54.18%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


BNKD (MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs)
Benchmark (S&P 500)

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