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

ETF · Currency in USD · Last updated Jun 24, 2022

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

ISINUS0636798235
CUSIP063679823
IssuerBank of Montreal
Inception DateApr 2, 2019
RegionNorth America (U.S.)
CategoryLeveraged Equities, Leveraged
Leveraged3x
Expense Ratio0.95%
Index TrackedSolactive MicroSectors U.S. Big Banks Index (-300%)
ETF Home Pagewww.microsectors.com
Asset ClassEquity

Asset Class Size

Large-Cap

Asset Class Style

Value

Trading Data

Previous Close$22.13
Year Range$21.52 - $73.00
EMA (50)$30.63
EMA (200)$44.38
Average Volume$147.38K

BNKUShare Price Chart


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BNKUPerformance

The chart shows the growth of $10,000 invested in MicroSectors U.S. Big Banks Index 3X Leveraged ETNs on Apr 4, 2019 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $4,355 for a total return of roughly -56.45%. All prices are adjusted for splits and dividends.


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

BNKUReturns in periods

Returns over 1 year are annualized

PeriodReturnBenchmark
1M-24.83%-4.48%
YTD-59.48%-20.36%
6M-58.79%-19.18%
1Y-53.33%-10.61%
5Y-22.74%9.02%
10Y-22.74%9.02%

BNKUMonthly Returns Heatmap


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BNKUSharpe 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 -0.70. 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.


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

BNKUDividend History


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

BNKUDrawdowns Chart

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


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

BNKUWorst 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

BNKUVolatility Chart

Current MicroSectors U.S. Big Banks Index 3X Leveraged ETNs volatility is 96.74%. 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.


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

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