BNKS.L vs. ^NDX
BNKS.L (iShares S&P U.S. Banks) is Financials Equities fund tracking the MSCI World/Financials NR USD, while ^NDX (NASDAQ 100 Index) is an index. Over the past 5 years, BNKS.L returned 4.76%/yr vs 17.17%/yr for ^NDX. At a 0.24 correlation, their price movements are largely independent.
Performance
BNKS.L vs. ^NDX - Performance Comparison
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Returns By Period
In the year-to-date period, BNKS.L achieves a 3.61% return, which is significantly lower than ^NDX's 20.43% return.
BNKS.L
- 1D
- 3.49%
- 1M
- 0.99%
- YTD
- 3.61%
- 6M
- 7.51%
- 1Y
- 27.90%
- 3Y*
- 26.30%
- 5Y*
- 4.76%
- 10Y*
- —
^NDX
- 1D
- -0.53%
- 1M
- 8.54%
- YTD
- 20.43%
- 6M
- 18.87%
- 1Y
- 39.99%
- 3Y*
- 27.83%
- 5Y*
- 17.17%
- 10Y*
- 20.99%
BNKS.L vs. ^NDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BNKS.L iShares S&P U.S. Banks | 3.61% | 20.45% | 28.55% | -3.74% | -18.79% | 39.71% | -12.04% | 36.28% | -24.32% |
^NDX NASDAQ 100 Index | 20.43% | 20.17% | 24.88% | 53.81% | -32.97% | 26.63% | 47.58% | 37.96% | -8.97% |
Correlation
The correlation between BNKS.L and ^NDX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since May 24, 2018 | 0.24 |
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Return for Risk
BNKS.L vs. ^NDX — Risk / Return Rank
BNKS.L
^NDX
BNKS.L vs. ^NDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P U.S. Banks (BNKS.L) and NASDAQ 100 Index (^NDX). 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.
| BNKS.L | ^NDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.43 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 3.31 | -1.67 |
| Martin ratioReturn relative to average drawdown | 4.55 | 12.67 | -8.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BNKS.L | ^NDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 2.50 | -1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.76 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.93 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.57 | -0.37 |
Drawdowns
BNKS.L vs. ^NDX - Drawdown Comparison
The maximum BNKS.L drawdown since its inception was -51.35%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for BNKS.L and ^NDX.
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Drawdown Indicators
| BNKS.L | ^NDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.35% | -82.90% | +31.55% |
Max Drawdown (1Y)Largest decline over 1 year | -16.88% | -12.12% | -4.76% |
Max Drawdown (3Y)Largest decline over 3 years | -28.47% | -22.93% | -5.54% |
Max Drawdown (5Y)Largest decline over 5 years | -50.15% | -35.56% | -14.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.56% | — |
Current DrawdownCurrent decline from peak | -5.58% | -0.82% | -4.76% |
Average DrawdownAverage peak-to-trough decline | -17.75% | -24.62% | +6.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.12% | 3.17% | +2.95% |
Volatility
BNKS.L vs. ^NDX - Volatility Comparison
iShares S&P U.S. Banks (BNKS.L) has a higher volatility of 6.48% compared to NASDAQ 100 Index (^NDX) at 4.54%. This indicates that BNKS.L's price experiences larger fluctuations and is considered to be riskier than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNKS.L | ^NDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.48% | 4.54% | +1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 15.85% | 12.18% | +3.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.82% | 16.08% | +4.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.66% | 22.59% | +5.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.51% | 22.52% | +8.99% |
Frequently Asked Questions
BNKS.L and ^NDX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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