- ISIN
- US0636796254
- Issuer
- REX
- Inception Date
- Apr 2, 2019
- Region
- North America (U.S.)
- Category
- Inverse Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Solactive MicroSectors U.S. Big Banks Index (-300%)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $1M
Share Price Chart
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Performance
BNKD Performance Chart
MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) is down 36.5% since the beginning of the year. BNKD is currently trading at $32 per share.
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Returns By Period
MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) has returned -36.53% so far this year and -72.77% over the past 12 months.
MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs
- 1D
- -0.49%
- 1M
- -28.77%
- YTD
- -36.53%
- 6M
- -39.78%
- 1Y
- -72.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.21%
- 1M
- 0.23%
- YTD
- 8.39%
- 6M
- 10.39%
- 1Y
- 24.03%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.61%
BNKD Monthly Returns History
Based on dividend-adjusted daily data since Feb 20, 2025, BNKD's average daily return is -0.30%, while the average monthly return is -6.71%.
Historically, 24% of months were positive and 76% were negative. The best month was Mar 2025 with a return of +26.9%, while the worst month was May 2025 at -24.4%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 10 months.
On a daily basis, BNKD closed higher 43% of trading days. The best single day was Apr 3, 2025 with a return of +28.0%, while the worst single day was Apr 9, 2025 at -25.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -6.75% | 13.79% | 1.51% | -23.50% | -0.55% | -22.55% | -36.53% | ||||||
| 2025 | 9.37% | 26.85% | -7.77% | -24.36% | -21.63% | -10.59% | -13.19% | -8.11% | -0.50% | -6.82% | -19.19% | -59.47% |
Benchmark Metrics
MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs has an annualized alpha of -20.66%, beta of -3.30, and R2 of 0.63 versus S&P 500 Index. Calculated based on daily prices since February 20, 2025.
- This ETF participated in 46.87% of S&P 500 Index downside but only -140.49% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -20.66% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of -3.30 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -20.66%
- Beta
- -3.30
- R²
- 0.63
- Upside Capture
- -140.49%
- Downside Capture
- 46.87%
Expense Ratio
BNKD has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BNKD ranks 0 for risk / return — in the bottom 0% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BNKD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.20 | ||
| Sortino ratioReturn per unit of downside risk | -5.27 | ||
| Omega ratioGain probability vs. loss probability | 0.73 | 1.35 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | -1.02 | 2.65 | -3.67 |
| Martin ratioReturn relative to average drawdown | -1.53 | 11.88 | -13.41 |
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.
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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 87.53%, occurring on Jun 17, 2026. The portfolio has not yet recovered.
The current MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs drawdown is 87.53%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -87.53%Jun 2026 | 1y 2mo | — | 1y 2moApr 2025 - now |
2025 selloff2025 | -24.04%Mar 2025 | 11d | 9d | 20dMar 2025 - Apr 2025 |
2025 selloff2025 | -7.25%Feb 2025 | 2d | 4d | 6dFeb 2025 - Mar 2025 |
2025 selloff2025 | -2.41%Mar 2025 | 0s | 1d | 1dMar 2025 - Mar 2025 |
2025 selloff2025 | -2.25%Mar 2025 | 0s | 1d | 1dMar 2025 - Mar 2025 |
Drawdown Indicators
| BNKD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.53% | -56.78% | -30.75% |
Max Drawdown (1Y)Largest decline over 1 year | -71.35% | -9.10% | -62.25% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -87.53% | -2.49% | -85.04% |
Average DrawdownAverage peak-to-trough decline | -64.49% | -10.72% | -53.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.90% | 2.03% | +47.87% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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