MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD)
BNKD is a passive ETF by REX Microsectors tracking the investment results of the Solactive MicroSectors U.S. Big Banks Index (-300%). BNKD launched on Apr 2, 2019 and has a 0.95% expense ratio.
ETF Info
US0636796254
Apr 2, 2019
North America (U.S.)
1x
Solactive MicroSectors U.S. Big Banks Index (-300%)
Large-Cap
Value
Expense Ratio
BNKD has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
BNKD
N/A
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^GSPC (Benchmark)
-0.66%
-3.44%
3.10%
22.14%
12.04%
11.24%
Monthly Returns
The table below presents the monthly returns of BNKD, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.97% | -5.61% | -23.26% | 6.55% | -10.51% | -0.00% | -15.41% | 0.00% | -41.00% | ||||
| 2023 | -23.35% | 6.07% | 58.88% | -6.30% | 14.25% | -15.56% | -27.63% | 32.34% | 10.31% | 13.43% | -36.91% | -32.16% | -40.12% |
| 2022 | -16.36% | 13.85% | 10.41% | 42.39% | -24.26% | 39.39% | -25.53% | 2.84% | 25.39% | -32.02% | -19.98% | 22.71% | 1.31% |
| 2021 | 1.01% | -41.75% | -19.01% | -17.33% | -17.56% | 8.32% | 2.37% | -18.37% | -2.49% | -20.18% | 20.61% | -6.77% | -74.28% |
| 2020 | 15.34% | 48.84% | -5.31% | -46.06% | -20.04% | -16.58% | -7.07% | -12.83% | 7.08% | -7.52% | -52.67% | -25.56% | -83.47% |
| 2019 | -15.09% | 33.85% | -19.36% | -14.19% | 20.58% | -19.75% | -15.20% | -15.67% | -8.08% | -49.98% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BNKD is 1, meaning it’s performing worse than 99% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs was 99.58%, occurring on Jul 17, 2024. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -99.58% | Mar 13, 2020 | 1093 | Jul 17, 2024 | — | — | — |
| -57.41% | Jun 3, 2019 | 149 | Jan 2, 2020 | 45 | Mar 9, 2020 | 194 |
| -21.2% | Mar 10, 2020 | 1 | Mar 10, 2020 | 2 | Mar 12, 2020 | 3 |
| -18.86% | Apr 10, 2019 | 17 | May 3, 2019 | 14 | May 23, 2019 | 31 |
| -3.43% | May 24, 2019 | 1 | May 24, 2019 | 1 | May 28, 2019 | 2 |
Volatility
Volatility Chart
The current MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs volatility is 0.00%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.