PortfoliosLab logo

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

ETF · Currency in USD · Last updated Jun 23, 2022

BNKD is a passive ETF by Bank of Montreal 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

ISINUS0636797815
CUSIP063679781
IssuerBank of Montreal
Inception DateApr 2, 2019
RegionNorth America (U.S.)
CategoryLeveraged Equities, Leveraged
Leveraged3x
Expense Ratio0.95%
Index TrackedSolactive MicroSectors U.S. Big Banks Index (-300%)
ETF Home Pagewww.microsectors.com
Asset ClassEquity

Asset Class Size

Multi-Cap

Trading Data

Previous Close$16.25
Year Range$7.44 - $17.36
EMA (50)$13.76
EMA (200)$12.19
Average Volume$47.40K

BNKDShare Price Chart


Chart placeholderClick Calculate to get results

BNKDPerformance

The chart shows the growth of $10,000 invested in MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs on Apr 4, 2019 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $3,314 for a total return of roughly -66.86%. All prices are adjusted for splits and dividends.


BNKD (MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs)
Benchmark (^GSPC)

BNKDReturns in periods

Returns over 1 year are annualized

PeriodReturnBenchmark
1M4.85%-3.63%
YTD59.52%-21.11%
6M53.62%-19.13%
1Y4.57%-11.00%
5Y-29.05%8.71%
10Y-29.05%8.71%

BNKDMonthly Returns Heatmap


Chart placeholderClick Calculate to get results

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 0.06. A Sharpe ratio between 0 and 1.0 is considered sub-optimal.

The chart below displays rolling 12-month Sharpe Ratio.


BNKD (MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs)
Benchmark (^GSPC)

BNKDDividend History


MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs 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 (^GSPC)

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 99.13%, recorded on Jan 12, 2022. The portfolio has not recovered from it yet.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-99.13%Mar 13, 2020464Jan 12, 2022
-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 102.17%. 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 (^GSPC)

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


Loading data...