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
| ISIN | US0636798235 |
|---|---|
| CUSIP | 063679823 |
| Issuer | Bank of Montreal |
| Inception Date | Apr 2, 2019 |
| Region | North America (U.S.) |
| Category | Leveraged Equities, Leveraged |
| Leveraged | 3x |
| Index Tracked | Solactive MicroSectors U.S. Big Banks Index (-300%) |
| Home Page | www.microsectors.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Value |
Expense Ratio
The MicroSectors U.S. Big Banks Index 3X Leveraged ETNs has a high expense ratio of 0.95%, indicating higher-than-average management fees.
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
MicroSectors U.S. Big Banks Index 3X Leveraged ETNs had a return of 25.14% year-to-date (YTD) and 97.08% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 25.14% | 6.33% |
| 1 month | 6.59% | -2.81% |
| 6 months | 178.99% | 21.13% |
| 1 year | 97.08% | 24.56% |
| 5 years (annualized) | -12.18% | 11.55% |
| 10 years (annualized) | N/A | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -3.33% | 4.00% | 27.43% | |||||||||
| 2023 | -10.63% | -16.20% | 49.83% | 41.28% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
MicroSectors U.S. Big Banks Index 3X Leveraged ETNs(BNKU)
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.
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.
The current MicroSectors U.S. Big Banks Index 3X Leveraged ETNs drawdown is 62.73%.
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 17.14%, 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.