BNKD vs. WTIU

Last updated Aug 5, 2026

BNKD (MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs) and WTIU (MicroSectors Energy 3X Leveraged ETN) are both exchange-traded funds - BNKD is a Inverse Equities fund tracking the Solactive MicroSectors U.S. Big Banks Index (-300%), while WTIU is a Leveraged Equities fund tracking the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). Both are passively managed. Over the past year, BNKD returned -69.49% vs 99.12% for WTIU. Their -0.11 correlation means they have often moved in opposite directions in the past. Both charge a 0.95% expense ratio.

Performance

BNKD vs. WTIU - 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 MicroSectors Energy 3X Leveraged ETN (WTIU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BNKD achieves a -47.45% return, which is significantly lower than WTIU's 89.78% return.

BNKD

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

WTIU

• 1D: -2.86%
• 1M: 35.24%
• 6M: 38.53%
• YTD: 89.78%
• 1Y: 99.12%
• 3Y*: -1.99%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -6.51%

*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
WTIU MicroSectors Energy 3X Leveraged ETN	$1.47M	$948.86K	$842.63K

BNKD vs. WTIU - Yearly Performance Comparison

	2026 (YTD)	2025
BNKD MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs	-47.45%	-59.47%
WTIU MicroSectors Energy 3X Leveraged ETN	89.78%	-30.08%

Correlation

The correlation between BNKD and WTIU is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.05
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	-0.11

The correlation between BNKD and WTIU shifts across timeframes, from -0.11 (all time) to 0.05 (1 year), reflecting how their relationship changes across market environments.

BNKD vs. WTIU - Sectors Allocation Comparison

Sectors	BNKD	WTIU
Financial Services	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	100.0%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

BNKD vs. WTIU — 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

WTIU

WTIU Risk / Return Rank: 47
WTIU Sharpe Ratio Rank: 50
WTIU Sortino Ratio Rank: 47
WTIU Omega Ratio Rank: 46
WTIU Calmar Ratio Rank: 51
WTIU Martin Ratio Rank: 40

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. WTIU - 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 Energy 3X Leveraged ETN (WTIU). 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	WTIU	Difference
Sharpe ratio: Return per unit of total volatility	-1.17	1.43	-2.60
Sortino ratio: Return per unit of downside risk	-2.31	1.93	-4.23
Omega ratio: Gain probability vs. loss probability	0.76	1.24	-0.48
Calmar ratio: Return relative to maximum drawdown	-0.99	2.07	-3.06
Martin ratio: Return relative to average drawdown	-1.59	4.70	-6.29

BNKD vs. WTIU - Sharpe Ratio Comparison

The current BNKD Sharpe Ratio is -1.17, which is lower than the WTIU Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of BNKD and WTIU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BNKD vs. WTIU - Drawdown Comparison

The maximum BNKD drawdown since its inception was -89.67%, which is greater than WTIU's maximum drawdown of -75.73%. Use the drawdown chart below to compare losses from any high point for BNKD and WTIU.

Drawdown Indicators

	BNKD	WTIU	Difference
Max Drawdown Largest peak-to-trough decline	-89.67%	-75.73%	-13.94%
Max Drawdown (1Y) Largest decline over 1 year	-70.39%	-48.11%	-22.28%
Max Drawdown (3Y) Largest decline over 3 years	—	-75.73%	—
Current Drawdown Current decline from peak	-89.67%	-32.73%	-56.94%
Average Drawdown Average peak-to-trough decline	-66.59%	-39.20%	-27.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.77%	21.15%	+22.62%

Volatility

BNKD vs. WTIU - Volatility Comparison

The current volatility for MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) is 16.93%, while MicroSectors Energy 3X Leveraged ETN (WTIU) has a volatility of 22.49%. This indicates that BNKD experiences smaller price fluctuations and is considered to be less risky than WTIU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BNKD	WTIU	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.93%	22.49%	-5.56%
Volatility (6M) Calculated over the trailing 6-month period	47.31%	57.51%	-10.20%
Volatility (1Y) Calculated over the trailing 1-year period	59.67%	69.73%	-10.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.91%	70.84%	+2.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.91%	70.84%	+2.07%

BNKD vs. WTIU - Expense Ratio Comparison

Both BNKD and WTIU have an expense ratio of 0.95%.

Dividends

BNKD vs. WTIU - Dividend Comparison

Neither BNKD nor WTIU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BNKD and WTIU in my portfolio?

BNKD and WTIU have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BNKD or WTIU?

WTIU has higher volatility (22.49%) compared to BNKD (16.93%). In terms of maximum drawdown, BNKD dropped -89.67% vs WTIU's -75.73%.

Which ETF is better, BNKD or WTIU?

On 1-year performance, WTIU leads with 99.12% vs -69.49% for BNKD. Both ETFs have the same 0.95% expense ratio. On volatility, BNKD has been the lower-risk option at 16.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BNKD or WTIU?

Over the 1-year period, WTIU has performed better with a 99.12% return vs -69.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BNKD or WTIU?

BNKD and WTIU have the same expense ratio: 0.95% per year.

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

BNKD and WTIU have nearly identical dividend yields, around 0.00%.

What is the main difference between BNKD and WTIU?

BNKD is categorized as Inverse Equities, while WTIU is Leveraged Equities. BNKD tracks Solactive MicroSectors U.S. Big Banks Index (-300%), while WTIU tracks Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%).

Which has better risk-adjusted returns?

WTIU currently has the higher Sharpe Ratio (1.43 vs -1.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.