BNKD vs. BMNU

Last updated Jun 5, 2026

BNKD (MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs) and BMNU (T-REX 2X Long BMNR Daily Target ETF) are both exchange-traded funds - BNKD is a Inverse Equities fund tracking the Solactive MicroSectors U.S. Big Banks Index (-300%), while BMNU is a Leveraged Equities fund actively managed by REX. BNKD is passively managed, while BMNU is actively managed. At a correlation of -0.38, they often move in opposite directions. BNKD charges 0.95%/yr vs 1.50%/yr for BMNU.

Performance

BNKD vs. BMNU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) and T-REX 2X Long BMNR Daily Target ETF (BMNU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BNKD achieves a -28.25% return, which is significantly higher than BMNU's -73.22% return.

BNKD

• 1D: -10.32%
• 1M: -15.34%
• YTD: -28.25%
• 6M: -36.58%
• 1Y: -69.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BMNU

• 1D: 10.82%
• 1M: -43.61%
• YTD: -73.22%
• 6M: -86.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BNKD vs. BMNU - Yearly Performance Comparison

	2026 (YTD)	2025
BNKD MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs	-28.25%	-23.11%
BMNU T-REX 2X Long BMNR Daily Target ETF	-73.22%	-81.57%

Correlation

The correlation between BNKD and BMNU is -0.38, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 29, 2025	-0.38

Return for Risk

BNKD vs. BMNU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BNKD

BNKD Risk / Return Rank: 1
BNKD Sharpe Ratio Rank: 1
BNKD Sortino Ratio Rank: 0
BNKD Omega Ratio Rank: 0
BNKD Calmar Ratio Rank: 0
BNKD Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BNKD vs. BMNU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) and T-REX 2X Long BMNR Daily Target ETF (BMNU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BNKD	BMNU	Difference
Sharpe ratio: Return per unit of total volatility	-1.20	—	—
Sortino ratio: Return per unit of downside risk	-2.40	—	—
Omega ratio: Gain probability vs. loss probability	0.75	—	—
Calmar ratio: Return relative to maximum drawdown	-1.00	—	—
Martin ratio: Return relative to average drawdown	-1.41	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BNKD	BMNU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.20	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.86	-0.53	-0.33

Drawdowns

BNKD vs. BMNU - Drawdown Comparison

The maximum BNKD drawdown since its inception was -85.90%, smaller than the maximum BMNU drawdown of -97.05%. Use the drawdown chart below to compare losses from any high point for BNKD and BMNU.

Drawdown Indicators

	BNKD	BMNU	Difference
Max Drawdown Largest peak-to-trough decline	-85.90%	-97.05%	+11.15%
Max Drawdown (1Y) Largest decline over 1 year	-70.14%	—	—
Current Drawdown Current decline from peak	-85.90%	-96.73%	+10.83%
Average Drawdown Average peak-to-trough decline	-64.08%	-79.79%	+15.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	49.49%	—	—

Volatility

Volatility by Period

	BNKD	BMNU	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.80%	—	—
Volatility (6M) Calculated over the trailing 6-month period	46.63%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	58.20%	187.61%	-129.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.59%	187.61%	-113.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.59%	187.61%	-113.02%

BNKD vs. BMNU - Expense Ratio Comparison

BNKD has a 0.95% expense ratio, which is lower than BMNU's 1.50% expense ratio.

Dividends

BNKD vs. BMNU - Dividend Comparison

Neither BNKD nor BMNU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BNKD and BMNU in my portfolio?

BNKD and BMNU have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BNKD or BMNU?

On fees, BNKD is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BNKD or BMNU?

BNKD is cheaper with a 0.95% expense ratio, compared with 1.50% for BMNU.

Which ETF pays a higher dividend yield, BNKD or BMNU?

BNKD and BMNU have nearly identical dividend yields, around 0.00%.

What is the main difference between BNKD and BMNU?

BNKD is categorized as Inverse Equities, while BMNU is Leveraged Equities. Their fees differ too: 0.95% for BNKD and 1.50% for BMNU.