BNKU vs. CSHP
BNKU (MicroSectors U.S. Big Banks Index 3X Leveraged ETNs) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - BNKU is a Leveraged Equities fund tracking the Solactive MicroSectors U.S. Big Banks Index (-300%), while CSHP is a Ultrashort Bond fund actively managed by iShares. BNKU is passively managed, while CSHP is actively managed. Over the past year, BNKU returned 119.44% vs 3.94% for CSHP. At a correlation of -0.10, they often move in opposite directions. BNKU charges 0.95%/yr vs 0.20%/yr for CSHP.
Performance
BNKU vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, BNKU achieves a 24.58% return, which is significantly higher than CSHP's 1.83% return.
BNKU
- 1D
- 2.43%
- 1M
- 29.65%
- YTD
- 24.58%
- 6M
- 18.43%
- 1Y
- 119.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CSHP
- 1D
- -0.03%
- 1M
- 0.27%
- YTD
- 1.83%
- 6M
- 1.92%
- 1Y
- 3.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BNKU vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BNKU MicroSectors U.S. Big Banks Index 3X Leveraged ETNs | 24.58% | 34.97% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.83% | 3.53% |
Correlation
The correlation between BNKU and CSHP is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | -0.10 |
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Return for Risk
BNKU vs. CSHP — Risk / Return Rank
BNKU
CSHP
BNKU vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) and iShares Enhanced Short-Term Bond Active ETF (CSHP). 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.
| BNKU | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -9.01 | ||
| Sortino ratioReturn per unit of downside risk | -25.19 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 6.46 | -5.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 65.45 | -62.52 |
| Martin ratioReturn relative to average drawdown | 7.71 | 381.67 | -373.96 |
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Drawdowns
BNKU vs. CSHP - Drawdown Comparison
The maximum BNKU drawdown since its inception was -61.21%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for BNKU and CSHP.
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Drawdown Indicators
| BNKU | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.21% | -0.08% | -61.13% |
Max Drawdown (1Y)Largest decline over 1 year | -40.97% | -0.06% | -40.91% |
Current DrawdownCurrent decline from peak | 0.00% | -0.04% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -17.75% | -0.00% | -17.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.55% | 0.01% | +15.54% |
Volatility
BNKU vs. CSHP - Volatility Comparison
MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) has a higher volatility of 16.22% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.16%. This indicates that BNKU's price experiences larger fluctuations and is considered to be riskier than CSHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNKU | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.22% | 0.16% | +16.06% |
Volatility (6M)Calculated over the trailing 6-month period | 46.27% | 0.27% | +46.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.74% | 0.36% | +57.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.83% | 0.41% | +72.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.83% | 0.41% | +72.42% |
BNKU vs. CSHP - Expense Ratio Comparison
BNKU has a 0.95% expense ratio, which is higher than CSHP's 0.20% expense ratio.
Dividends
BNKU vs. CSHP - Dividend Comparison
BNKU has not paid dividends to shareholders, while CSHP's dividend yield for the trailing twelve months is around 3.91%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BNKU MicroSectors U.S. Big Banks Index 3X Leveraged ETNs | 0.00% | 0.00% | 0.00% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 3.91% | 5.39% | 1.96% |
Frequently Asked Questions
BNKU and CSHP have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNKU has higher volatility (16.22%) compared to CSHP (0.16%). In terms of maximum drawdown, BNKU dropped -61.21% vs CSHP's -0.08%.
On 1-year performance, BNKU leads with 119.44% vs 3.94% for CSHP. On fees, CSHP is cheaper at 0.20% per year. On volatility, CSHP has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BNKU has performed better with a 119.44% return vs 3.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CSHP is cheaper with a 0.20% expense ratio, compared with 0.95% for BNKU.
CSHP has the higher dividend yield at 3.91%, compared with 0.00% for BNKU.
BNKU is categorized as Leveraged Equities, while CSHP is Ultrashort Bond. They also come from different issuers: Bank of Montreal and iShares. Their fees differ too: 0.95% for BNKU and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (11.09 vs 2.08), 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.
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