BNKD vs. FNGD
Compare and contrast key facts about MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) and MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD).
BNKD and FNGD 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 that tracks the performance of the Solactive MicroSectors U.S. Big Banks Index (-300%). It was launched on Apr 2, 2019. FNGD is a passively managed fund by BMO that tracks the performance of the NYSE FANG+ Index (-300%). It was launched on Jan 22, 2018. Both BNKD and FNGD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BNKD vs. FNGD - Performance Comparison
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BNKD vs. FNGD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BNKD MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs | 4.54% | -62.08% |
FNGD MicroSectors FANG+™ Index -3X Inverse Leveraged ETN | 33.64% | -54.09% |
Returns By Period
In the year-to-date period, BNKD achieves a 4.54% return, which is significantly lower than FNGD's 33.64% return.
BNKD
- 1D
- -2.95%
- 1M
- 0.27%
- YTD
- 4.54%
- 6M
- -26.08%
- 1Y
- -70.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FNGD
- 1D
- -4.70%
- 1M
- 8.14%
- YTD
- 33.64%
- 6M
- 37.83%
- 1Y
- -59.80%
- 3Y*
- -66.39%
- 5Y*
- -60.34%
- 10Y*
- —
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BNKD vs. FNGD - Expense Ratio Comparison
Both BNKD and FNGD have an expense ratio of 0.95%.
Return for Risk
BNKD vs. FNGD — Risk / Return Rank
BNKD
FNGD
BNKD vs. FNGD - 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 MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD). 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 | FNGD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.94 | -0.76 | -0.17 |
Sortino ratioReturn per unit of downside risk | -1.82 | -0.94 | -0.88 |
Omega ratioGain probability vs. loss probability | 0.79 | 0.87 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.74 | -0.08 |
Martin ratioReturn relative to average drawdown | -1.01 | -0.85 | -0.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BNKD | FNGD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.94 | -0.76 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.74 | -0.75 | +0.01 |
Correlation
The correlation between BNKD and FNGD is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
BNKD vs. FNGD - Dividend Comparison
Neither BNKD nor FNGD has paid dividends to shareholders.
Drawdowns
BNKD vs. FNGD - Drawdown Comparison
The maximum BNKD drawdown since its inception was -84.27%, smaller than the maximum FNGD drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for BNKD and FNGD.
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Drawdown Indicators
| BNKD | FNGD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.27% | -100.00% | +15.73% |
Max Drawdown (1Y)Largest decline over 1 year | -84.27% | -82.53% | -1.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.53% | — |
Current DrawdownCurrent decline from peak | -79.46% | -99.99% | +20.53% |
Average DrawdownAverage peak-to-trough decline | -61.07% | -86.98% | +25.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.85% | 71.98% | -3.13% |
Volatility
BNKD vs. FNGD - Volatility Comparison
The current volatility for MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) is 19.24%, while MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) has a volatility of 25.08%. This indicates that BNKD experiences smaller price fluctuations and is considered to be less risky than FNGD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNKD | FNGD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.24% | 25.08% | -5.84% |
Volatility (6M)Calculated over the trailing 6-month period | 45.69% | 45.50% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.17% | 78.77% | -3.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 76.93% | 88.87% | -11.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.93% | 91.50% | -14.57% |