BNKD vs. MSII

Last updated Aug 5, 2026

BNKD (MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs) and MSII (REX MSTR Growth & Income ETF) are both exchange-traded funds - BNKD is a Inverse Equities fund tracking the Solactive MicroSectors U.S. Big Banks Index (-300%), while MSII is a Leveraged Equities fund actively managed by REX. BNKD is passively managed, while MSII is actively managed. Their -0.22 correlation means they have often moved in opposite directions in the past. BNKD charges 0.95%/yr vs 0.99%/yr for MSII.

Performance

BNKD vs. MSII - 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 REX MSTR Growth & Income ETF (MSII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BNKD

• 1D: -4.14%
• 1M: -14.63%
• 6M: -40.41%
• YTD: -47.45%
• 1Y: -69.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -65.56%

MSII

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BNKD MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs	$13.59K	$10.52K	$9.72K

BNKD vs. MSII - Yearly Performance Comparison

	2026 (YTD)	2025
BNKD MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs	-47.45%	-56.96%
MSII REX MSTR Growth & Income ETF	-28.10%	-61.03%

Correlation

The correlation between BNKD and MSII is -0.22, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.22
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	-0.22

Return for Risk

BNKD vs. MSII — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BNKD

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

MSII

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BNKD vs. MSII - 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 REX MSTR Growth & Income ETF (MSII). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BNKD	MSII	Difference
Sharpe ratio: Return per unit of total volatility	-1.17	—	—
Sortino ratio: Return per unit of downside risk	-2.31	—	—
Omega ratio: Gain probability vs. loss probability	0.76	—	—
Calmar ratio: Return relative to maximum drawdown	-0.99	—	—
Martin ratio: Return relative to average drawdown	-1.59	—	—

Drawdowns

Drawdown Indicators

	BNKD	MSII	Difference
Max Drawdown Largest peak-to-trough decline	-89.67%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-70.39%	—	—
Current Drawdown Current decline from peak	-89.67%	—	—
Average Drawdown Average peak-to-trough decline	-66.59%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	43.77%	—	—

Volatility

Volatility by Period

	BNKD	MSII	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.93%	—	—
Volatility (6M) Calculated over the trailing 6-month period	47.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	59.67%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.91%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.91%	—	—

BNKD vs. MSII - Expense Ratio Comparison

BNKD has a 0.95% expense ratio, which is lower than MSII's 0.99% expense ratio.

Dividends

BNKD vs. MSII - Dividend Comparison

Neither BNKD nor MSII has paid dividends to shareholders.

Position	TTM	2025
BNKD MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs	0.00%	0.00%
MSII REX MSTR Growth & Income ETF	60.40%	48.93%

Frequently Asked Questions

Can I hold both BNKD and MSII in my portfolio?

BNKD and MSII have a correlation of -0.22, 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 MSII?

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 MSII?

BNKD is cheaper with a 0.95% expense ratio, compared with 0.99% for MSII.

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

MSII has the higher dividend yield at 60.40%, compared with 0.00% for BNKD.

What is the main difference between BNKD and MSII?

BNKD is categorized as Inverse Equities, while MSII is Leveraged Equities. Their fees differ too: 0.95% for BNKD and 0.99% for MSII.