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.
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.
Compare to other instruments
Popular comparisons: BNKU vs. COIN
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.
| Period | Return | Benchmark |
|---|---|---|
| 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
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 25.70% | -5.56% | ||||||||||
| 2022 | -25.82% | 36.10% | 18.22% | -20.79% |
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.
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, 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 |
| -3.87% | Apr 5, 2019 | 3 | Apr 9, 2019 | 3 | Apr 12, 2019 | 6 |
| -3.36% | Apr 15, 2019 | 1 | Apr 15, 2019 | 1 | Apr 16, 2019 | 2 |
| -3.09% | Apr 30, 2019 | 2 | May 1, 2019 | 2 | May 3, 2019 | 4 |
| -2.9% | Apr 18, 2019 | 4 | Apr 24, 2019 | 3 | Apr 29, 2019 | 7 |
| -2.72% | Dec 18, 2019 | 2 | Dec 19, 2019 | 4 | Dec 26, 2019 | 6 |
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.