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MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU)

ETF · Currency in USD · Last updated Mar 28, 2023

BNKU is a passive ETF by Bank of Montreal tracking the investment results of the Solactive MicroSectors U.S. Big Banks Index (-300%). BNKU launched on Apr 2, 2019 and has a 0.95% expense ratio.

Share Price Chart


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Performance

The chart shows the growth of $10,000 invested in MicroSectors U.S. Big Banks Index 3X Leveraged ETNs in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $2,997 for a total return of roughly -70.03%. All prices are adjusted for splits and dividends.


-80.00%-60.00%-40.00%-20.00%0.00%20.00%40.00%NovemberDecember2023FebruaryMarch
-70.03%
38.43%
BNKU (MicroSectors U.S. Big Banks Index 3X Leveraged ETNs)
Benchmark (^GSPC)

S&P 500

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Return

MicroSectors U.S. Big Banks Index 3X Leveraged ETNs had a return of -40.25% year-to-date (YTD) and -69.21% in the last 12 months. Over the past 10 years, MicroSectors U.S. Big Banks Index 3X Leveraged ETNs had an annualized return of -26.14%, while the S&P 500 had an annualized return of 8.52%, indicating that MicroSectors U.S. Big Banks Index 3X Leveraged ETNs did not perform as well as the benchmark.


PeriodReturnBenchmark
1 month-50.55%0.19%
Year-To-Date-40.25%3.59%
6 months-30.39%7.70%
1 year-69.21%-12.45%
5 years (annualized)-26.14%8.52%
10 years (annualized)-26.14%8.52%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
202325.70%-5.56%
2022-25.82%36.10%18.22%-20.79%

Sharpe 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 Leveraged ETNs Sharpe ratio is -0.82. 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.


-0.90-0.80-0.70-0.60-0.50-0.40-0.30-0.20NovemberDecember2023FebruaryMarch
-0.82
-0.52
BNKU (MicroSectors U.S. Big Banks Index 3X Leveraged ETNs)
Benchmark (^GSPC)

Dividend History


MicroSectors U.S. Big Banks Index 3X Leveraged ETNs doesn't pay dividends

Drawdowns Chart

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


-80.00%-60.00%-40.00%-20.00%NovemberDecember2023FebruaryMarch
-81.33%
-17.08%
BNKU (MicroSectors U.S. Big Banks Index 3X Leveraged ETNs)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the MicroSectors U.S. Big Banks Index 3X 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 Leveraged ETNs is 91.10%, recorded on Mar 23, 2020. The portfolio has not recovered from it yet.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-91.1%Jan 3, 202055Mar 23, 2020
-35.57%Jul 30, 201919Aug 23, 201944Oct 25, 201963
-28.32%May 6, 201919May 31, 201939Jul 26, 201958
-8.07%Nov 29, 20193Dec 3, 20193Dec 6, 20196
-4.22%Nov 11, 20193Nov 13, 20198Nov 25, 201911
-3.87%Apr 5, 20193Apr 9, 20193Apr 12, 20196
-3.36%Apr 15, 20191Apr 15, 20191Apr 16, 20192
-3.09%Apr 30, 20192May 1, 20192May 3, 20194
-2.9%Apr 18, 20194Apr 24, 20193Apr 29, 20197
-2.72%Dec 18, 20192Dec 19, 20194Dec 26, 20196

Volatility Chart

Current MicroSectors U.S. Big Banks Index 3X Leveraged ETNs volatility is 140.22%. 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.


0.00%50.00%100.00%150.00%200.00%NovemberDecember2023FebruaryMarch
140.22%
17.88%
BNKU (MicroSectors U.S. Big Banks Index 3X Leveraged ETNs)
Benchmark (^GSPC)