BNKS.L vs. ^NDX
Compare and contrast key facts about iShares S&P U.S. Banks (BNKS.L) and NASDAQ 100 (^NDX).
BNKS.L is a passively managed fund by iShares that tracks the performance of the MSCI World/Financials NR USD. It was launched on May 22, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BNKS.L or ^NDX.
Key characteristics
| BNKS.L | ^NDX | |
|---|---|---|
| YTD Return | 35.67% | 25.23% |
| 1Y Return | 71.31% | 36.09% |
| 3Y Return (Ann) | 0.60% | 9.20% |
| 5Y Return (Ann) | 6.73% | 20.68% |
| Sharpe Ratio | 2.35 | 2.04 |
| Sortino Ratio | 3.40 | 2.70 |
| Omega Ratio | 1.44 | 1.37 |
| Calmar Ratio | 1.51 | 2.63 |
| Martin Ratio | 15.64 | 9.50 |
| Ulcer Index | 3.97% | 3.76% |
| Daily Std Dev | 26.89% | 17.54% |
| Max Drawdown | -51.35% | -82.90% |
| Current Drawdown | -5.13% | -0.22% |
Correlation
The correlation between BNKS.L and ^NDX is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BNKS.L vs. ^NDX - Performance Comparison
In the year-to-date period, BNKS.L achieves a 35.67% return, which is significantly higher than ^NDX's 25.23% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BNKS.L vs. ^NDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P U.S. Banks (BNKS.L) and NASDAQ 100 (^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.
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. For additional features, visit the drawdowns tool.
Volatility
BNKS.L vs. ^NDX - Volatility Comparison
iShares S&P U.S. Banks (BNKS.L) has a higher volatility of 11.14% compared to NASDAQ 100 (^NDX) at 5.15%. 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.