BNKD vs. PIC.AX
Compare and contrast key facts about MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) and Perpetual Equity Investment Company Limited (PIC.AX).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BNKD or PIC.AX.
Correlation
The correlation between BNKD and PIC.AX is -0.20. 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.
Performance
BNKD vs. PIC.AX - Performance Comparison
Key characteristics
Returns By Period
BNKD
N/A
N/A
N/A
N/A
N/A
N/A
PIC.AX
4.22%
1.23%
4.59%
9.41%
9.17%
7.39%
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Risk-Adjusted Performance
BNKD vs. PIC.AX — Risk-Adjusted Performance Rank
BNKD
PIC.AX
BNKD vs. PIC.AX - 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 Perpetual Equity Investment Company Limited (PIC.AX). 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. PIC.AX - Dividend Comparison
BNKD has not paid dividends to shareholders, while PIC.AX's dividend yield for the trailing twelve months is around 6.48%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
PIC.AX Perpetual Equity Investment Company Limited | 6.48% | 6.75% | 6.49% | 4.81% | 4.31% | 5.13% | 6.10% | 6.03% | 4.00% | 2.83% | 0.51% |
Drawdowns
BNKD vs. PIC.AX - Drawdown Comparison
Volatility
BNKD vs. PIC.AX - Volatility Comparison
The current volatility for MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) is 0.00%, while Perpetual Equity Investment Company Limited (PIC.AX) has a volatility of 4.57%. This indicates that BNKD experiences smaller price fluctuations and is considered to be less risky than PIC.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.