BNKD vs. FAZ
Compare and contrast key facts about MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) and Direxion Daily Financial Bear 3X Shares (FAZ).
BNKD and FAZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BNKD is a passively managed fund by REX Microsectors that tracks the performance of the Solactive MicroSectors U.S. Big Banks Index (-300%). It was launched on Apr 2, 2019. FAZ is a passively managed fund by Direxion that tracks the performance of the Russell 1000 Financial Services Index (-300%). It was launched on Nov 6, 2008. Both BNKD and FAZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BNKD or FAZ.
Correlation
The correlation between BNKD and FAZ is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BNKD vs. FAZ - Performance Comparison
Key characteristics
Returns By Period
BNKD
N/A
N/A
N/A
N/A
N/A
N/A
FAZ
0.47%
6.48%
-27.73%
-51.41%
-49.51%
-43.89%
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BNKD vs. FAZ - Expense Ratio Comparison
BNKD has a 0.95% expense ratio, which is lower than FAZ's 1.07% expense ratio.
Risk-Adjusted Performance
BNKD vs. FAZ — Risk-Adjusted Performance Rank
BNKD
FAZ
BNKD vs. FAZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) and Direxion Daily Financial Bear 3X Shares (FAZ). 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.
Dividends
BNKD vs. FAZ - Dividend Comparison
BNKD has not paid dividends to shareholders, while FAZ's dividend yield for the trailing twelve months is around 7.33%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
BNKD MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FAZ Direxion Daily Financial Bear 3X Shares | 7.33% | 7.36% | 4.88% | 0.00% | 0.00% | 0.62% | 1.62% | 0.57% |
Drawdowns
BNKD vs. FAZ - Drawdown Comparison
Volatility
BNKD vs. FAZ - Volatility Comparison
The current volatility for MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) is 0.00%, while Direxion Daily Financial Bear 3X Shares (FAZ) has a volatility of 14.87%. This indicates that BNKD experiences smaller price fluctuations and is considered to be less risky than FAZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.