BNKU vs. DBE
BNKU (MicroSectors U.S. Big Banks Index 3X Leveraged ETNs) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - BNKU is a Leveraged Equities fund tracking the Solactive MicroSectors U.S. Big Banks Index (-300%), while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past year, BNKU returned 85.57% vs 84.41% for DBE. At a correlation of -0.04, they often move in opposite directions. BNKU charges 0.95%/yr vs 0.78%/yr for DBE.
Performance
BNKU vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, BNKU achieves a -1.60% return, which is significantly lower than DBE's 83.68% return.
BNKU
- 1D
- -3.18%
- 1M
- 6.20%
- YTD
- -1.60%
- 6M
- 10.64%
- 1Y
- 85.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBE
- 1D
- 2.33%
- 1M
- -5.45%
- YTD
- 83.68%
- 6M
- 74.95%
- 1Y
- 84.41%
- 3Y*
- 23.42%
- 5Y*
- 19.66%
- 10Y*
- 12.03%
BNKU vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BNKU MicroSectors U.S. Big Banks Index 3X Leveraged ETNs | -1.60% | 46.04% |
DBE Invesco DB Energy Fund | 83.68% | -8.81% |
Correlation
The correlation between BNKU and DBE 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 21, 2025 | -0.04 |
The correlation between BNKU and DBE shifts across timeframes, from -0.16 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BNKU vs. DBE — Risk / Return Rank
BNKU
DBE
BNKU vs. DBE - 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 Invesco DB Energy Fund (DBE). 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.
| BNKU | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.40 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 5.89 | -3.79 |
| Martin ratioReturn relative to average drawdown | 5.55 | 11.53 | -5.98 |
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
| BNKU | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 2.43 | -0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.67 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.09 | +0.36 |
Drawdowns
BNKU vs. DBE - Drawdown Comparison
The maximum BNKU drawdown since its inception was -58.03%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for BNKU and DBE.
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Drawdown Indicators
| BNKU | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.03% | -86.69% | +28.66% |
Max Drawdown (1Y)Largest decline over 1 year | -40.97% | -14.41% | -26.56% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.89% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -16.59% | -30.27% | +13.68% |
Average DrawdownAverage peak-to-trough decline | -16.56% | -57.31% | +40.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.48% | 7.35% | +8.13% |
Volatility
BNKU vs. DBE - Volatility Comparison
MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) has a higher volatility of 13.86% compared to Invesco DB Energy Fund (DBE) at 12.95%. This indicates that BNKU's price experiences larger fluctuations and is considered to be riskier than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNKU | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.86% | 12.95% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 45.02% | 30.86% | +14.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.70% | 34.97% | +21.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.86% | 29.39% | +43.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.86% | 28.33% | +44.53% |
BNKU vs. DBE - Expense Ratio Comparison
BNKU has a 0.95% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
BNKU vs. DBE - Dividend Comparison
BNKU has not paid dividends to shareholders, while DBE's dividend yield for the trailing twelve months is around 2.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BNKU MicroSectors U.S. Big Banks Index 3X Leveraged ETNs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DBE Invesco DB Energy Fund | 2.10% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
Frequently Asked Questions
BNKU and DBE 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 (13.86%) compared to DBE (12.95%). In terms of maximum drawdown, BNKU dropped -58.03% vs DBE's -86.69%.
On 1-year performance, BNKU leads with 85.57% vs 84.41% for DBE. On fees, DBE is cheaper at 0.78% per year. On volatility, DBE has been the lower-risk option at 12.95%. 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 85.57% return vs 84.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBE is cheaper with a 0.78% expense ratio, compared with 0.95% for BNKU.
DBE has the higher dividend yield at 2.10%, compared with 0.00% for BNKU.
BNKU is categorized as Leveraged Equities, while DBE is Oil & Gas. BNKU tracks Solactive MicroSectors U.S. Big Banks Index (-300%), while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Bank of Montreal and Invesco. Their fees differ too: 0.95% for BNKU and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.43 vs 1.52), 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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