BNKD vs. YXI

Last updated Jun 26, 2026

BNKD (MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs) and YXI (ProShares Short FTSE China 50) are both Inverse Equities funds - BNKD tracks the Solactive MicroSectors U.S. Big Banks Index (-300%) while YXI tracks the FTSE China 50 Net Tax USD (TR) (-100%). Both are passively managed. Over the past year, BNKD returned -68.88% vs 17.82% for YXI. At a 0.30 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.

Performance

BNKD vs. YXI - 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 ProShares Short FTSE China 50 (YXI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BNKD achieves a -37.77% return, which is significantly lower than YXI's 21.26% return.

BNKD

• 1D: -1.23%
• 1M: -23.52%
• YTD: -37.77%
• 6M: -33.35%
• 1Y: -68.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YXI

• 1D: 2.00%
• 1M: 12.62%
• YTD: 21.26%
• 6M: 21.92%
• 1Y: 17.82%
• 3Y*: -8.51%
• 5Y*: -0.14%
• 10Y*: -7.45%

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

BNKD vs. YXI - Yearly Performance Comparison

	2026 (YTD)	2025
BNKD MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs	-37.77%	-59.47%
YXI ProShares Short FTSE China 50	21.26%	-11.30%

Correlation

The correlation between BNKD and YXI is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.30

Return for Risk

BNKD vs. YXI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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

YXI

YXI Risk / Return Rank: 26
YXI Sharpe Ratio Rank: 27
YXI Sortino Ratio Rank: 26
YXI Omega Ratio Rank: 25
YXI Calmar Ratio Rank: 31
YXI Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BNKD vs. YXI - 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 ProShares Short FTSE China 50 (YXI). 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	YXI	Difference
Sharpe ratio: Return per unit of total volatility	-1.19	0.89	-2.08
Sortino ratio: Return per unit of downside risk	-2.34	1.36	-3.71
Omega ratio: Gain probability vs. loss probability	0.75	1.16	-0.41
Calmar ratio: Return relative to maximum drawdown	-1.01	1.43	-2.45
Martin ratio: Return relative to average drawdown	-1.65	2.78	-4.43

BNKD vs. YXI - Sharpe Ratio Comparison

The current BNKD Sharpe Ratio is -1.19, which is lower than the YXI Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of BNKD and YXI, 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. YXI - Drawdown Comparison

The maximum BNKD drawdown since its inception was -87.96%, which is greater than YXI's maximum drawdown of -81.15%. Use the drawdown chart below to compare losses from any high point for BNKD and YXI.

Drawdown Indicators

	BNKD	YXI	Difference
Max Drawdown Largest peak-to-trough decline	-87.96%	-81.15%	-6.81%
Max Drawdown (1Y) Largest decline over 1 year	-68.06%	-12.48%	-55.58%
Max Drawdown (3Y) Largest decline over 3 years	—	-53.12%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-57.65%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-64.07%	—
Current Drawdown Current decline from peak	-87.77%	-75.24%	-12.53%
Average Drawdown Average peak-to-trough decline	-64.83%	-54.38%	-10.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.72%	6.43%	+37.29%

Volatility

BNKD vs. YXI - Volatility Comparison

MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) has a higher volatility of 17.41% compared to ProShares Short FTSE China 50 (YXI) at 6.92%. This indicates that BNKD's price experiences larger fluctuations and is considered to be riskier than YXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BNKD	YXI	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.41%	6.92%	+10.49%
Volatility (6M) Calculated over the trailing 6-month period	46.55%	15.69%	+30.86%
Volatility (1Y) Calculated over the trailing 1-year period	58.11%	20.17%	+37.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.83%	31.49%	+42.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.83%	27.43%	+46.40%

BNKD vs. YXI - Expense Ratio Comparison

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

Dividends

BNKD vs. YXI - Dividend Comparison

BNKD has not paid dividends to shareholders, while YXI's dividend yield for the trailing twelve months is around 2.35%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
YXI ProShares Short FTSE China 50	2.35%	3.60%	4.35%	2.66%	0.27%	0.00%	0.08%	1.01%	0.25%

Frequently Asked Questions

Can I hold both BNKD and YXI in my portfolio?

BNKD and YXI have a correlation of 0.31, 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 YXI?

BNKD has higher volatility (17.41%) compared to YXI (6.92%). In terms of maximum drawdown, BNKD dropped -87.96% vs YXI's -81.15%.

Which ETF is better, BNKD or YXI?

On 1-year performance, YXI leads with 17.82% vs -68.88% for BNKD. Both ETFs have the same 0.95% expense ratio. On volatility, YXI has been the lower-risk option at 6.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BNKD or YXI?

Over the 1-year period, YXI has performed better with a 17.82% return vs -68.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BNKD or YXI?

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

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

YXI has the higher dividend yield at 2.35%, compared with 0.00% for BNKD.

What is the main difference between BNKD and YXI?

BNKD tracks Solactive MicroSectors U.S. Big Banks Index (-300%), while YXI tracks FTSE China 50 Net Tax USD (TR) (-100%). They also come from different issuers: REX and ProShares.

Which has better risk-adjusted returns?

YXI currently has the higher Sharpe Ratio (0.89 vs -1.19), 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.