MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU)
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.
ETF Info
US0636798235
063679823
Apr 2, 2019
North America (U.S.)
3x
Solactive MicroSectors U.S. Big Banks Index (-300%)
Large-Cap
Value
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 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
BNKU
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^GSPC (Benchmark)
25.15%
2.97%
12.53%
31.00%
13.95%
11.21%
Monthly Returns
The table below presents the monthly returns of BNKU, 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 | -3.33% | 4.00% | 27.43% | -7.97% | 9.84% | -1.94% | 17.08% | 0.00% | 48.68% | ||||
| 2023 | 25.70% | -5.56% | -47.22% | 3.94% | -17.95% | 14.46% | 33.16% | -26.16% | -10.63% | -16.20% | 49.83% | 41.28% | -4.67% |
| 2022 | 9.67% | -13.64% | -19.56% | -31.96% | 19.78% | -33.44% | 25.30% | -4.67% | -25.82% | 36.10% | 18.22% | -20.79% | -53.33% |
| 2021 | -8.50% | 60.80% | 16.34% | 16.29% | 17.76% | -12.31% | -8.06% | 17.38% | -2.28% | 22.25% | -20.53% | 1.54% | 113.86% |
| 2020 | -15.86% | -37.55% | -74.13% | 29.07% | -4.68% | -8.84% | -1.88% | 9.77% | -13.08% | 2.74% | 70.46% | 29.06% | -67.75% |
| 2019 | 18.82% | -27.76% | 20.33% | 14.69% | -23.35% | 20.57% | 12.44% | 18.43% | 6.89% | 55.82% |
Expense Ratio
BNKU has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BNKU is 64, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) 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 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 Leveraged ETNs was 91.10%, occurring on Mar 23, 2020. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -91.1% | Jan 3, 2020 | 55 | Mar 23, 2020 | — | — | — |
| -35.57% | Jul 30, 2019 | 19 | Aug 23, 2019 | 44 | Oct 25, 2019 | 63 |
| -28.32% | May 6, 2019 | 19 | May 31, 2019 | 39 | Jul 26, 2019 | 58 |
| -8.07% | Nov 29, 2019 | 3 | Dec 3, 2019 | 3 | Dec 6, 2019 | 6 |
| -4.22% | Nov 11, 2019 | 3 | Nov 13, 2019 | 8 | Nov 25, 2019 | 11 |
Volatility
Volatility Chart
The current MicroSectors U.S. Big Banks Index 3X 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.