Correlation
The correlation between BNKD and FNGD is -0.88. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
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 Microsectors 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 Financial Group 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BNKD or FNGD.
Performance
BNKD vs. FNGD - Performance Comparison
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Key characteristics
BNKD:
117.31%
FNGD:
94.42%
BNKD:
-55.35%
FNGD:
-99.99%
BNKD:
-53.07%
FNGD:
-99.99%
Returns By Period
BNKD
N/A
-24.36%
N/A
N/A
N/A
N/A
N/A
FNGD
-39.53%
-29.46%
-50.27%
-74.07%
-76.08%
-73.65%
N/A
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BNKD vs. FNGD - Expense Ratio Comparison
Both BNKD and FNGD have an expense ratio of 0.95%.
Risk-Adjusted Performance
BNKD vs. FNGD — Risk-Adjusted Performance Rank
BNKD
FNGD
BNKD vs. FNGD - 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 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.
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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 -55.35%, smaller than the maximum FNGD drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for BNKD and FNGD.
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Volatility
BNKD vs. FNGD - Volatility Comparison
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