BNKU vs. COIN
Compare and contrast key facts about MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) and Coinbase Global, Inc. (COIN).
BNKU is a passively managed fund by Bank of Montreal 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: BNKU or COIN.
Key characteristics
BNKU | COIN | |
---|---|---|
YTD Return | 28.11% | 52.44% |
1Y Return | 93.35% | 306.00% |
Sharpe Ratio | 1.58 | 4.08 |
Daily Std Dev | 65.43% | 78.55% |
Max Drawdown | -91.10% | -90.90% |
Current Drawdown | -61.84% | -25.82% |
Correlation
The correlation between BNKU and COIN is 0.39, 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
BNKU vs. COIN - Performance Comparison
In the year-to-date period, BNKU achieves a 28.11% return, which is significantly lower than COIN's 52.44% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Risk-Adjusted Performance
BNKU vs. COIN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) and Coinbase Global, Inc. (COIN). 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.
Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
---|---|---|---|---|---|
MicroSectors U.S. Big Banks Index 3X Leveraged ETNs | 1.58 | ||||
Coinbase Global, Inc. | 4.08 |
Dividends
BNKU vs. COIN - Dividend Comparison
Neither BNKU nor COIN has paid dividends to shareholders.
Drawdowns
BNKU vs. COIN - Drawdown Comparison
The maximum BNKU drawdown since its inception was -91.10%, roughly equal to the maximum COIN drawdown of -90.90%. The drawdown chart below compares losses from any high point along the way for BNKU and COIN
Volatility
BNKU vs. COIN - Volatility Comparison
The current volatility for MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) is 14.49%, while Coinbase Global, Inc. (COIN) has a volatility of 24.90%. This indicates that BNKU experiences smaller price fluctuations and is considered to be less risky than COIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.