BNKU vs. FAS
Compare and contrast key facts about MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) and Direxion Daily Financial Bull 3X Shares (FAS).
BNKU and FAS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FAS is a passively managed fund by Direxion that tracks the performance of the Russell 1000 Financial Services Index (300%). It was launched on Nov 6, 2008. Both BNKU and FAS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BNKU vs. FAS - Performance Comparison
Loading graphics...
BNKU vs. FAS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BNKU MicroSectors U.S. Big Banks Index 3X Leveraged ETNs | -21.78% | 46.04% |
FAS Direxion Daily Financial Bull 3X Shares | -29.25% | 3.76% |
Returns By Period
In the year-to-date period, BNKU achieves a -21.78% return, which is significantly higher than FAS's -29.25% return.
BNKU
- 1D
- 10.05%
- 1M
- -5.87%
- YTD
- -21.78%
- 6M
- -6.06%
- 1Y
- 63.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FAS
- 1D
- 6.35%
- 1M
- -11.64%
- YTD
- -29.25%
- 6M
- -27.65%
- 1Y
- -18.17%
- 3Y*
- 32.31%
- 5Y*
- 7.69%
- 10Y*
- 18.68%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BNKU vs. FAS - Expense Ratio Comparison
BNKU has a 0.95% expense ratio, which is lower than FAS's 1.00% expense ratio.
Return for Risk
BNKU vs. FAS — Risk / Return Rank
BNKU
FAS
BNKU vs. FAS - 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 Direxion Daily Financial Bull 3X Shares (FAS). 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 | FAS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | -0.32 | +1.18 |
Sortino ratioReturn per unit of downside risk | 1.44 | -0.08 | +1.51 |
Omega ratioGain probability vs. loss probability | 1.22 | 0.99 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | -0.37 | +2.02 |
Martin ratioReturn relative to average drawdown | 4.49 | -1.01 | +5.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| BNKU | FAS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | -0.32 | +1.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.14 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.31 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.19 | -0.02 |
Correlation
The correlation between BNKU and FAS is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BNKU vs. FAS - Dividend Comparison
BNKU has not paid dividends to shareholders, while FAS's dividend yield for the trailing twelve months is around 11.79%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
FAS Direxion Daily Financial Bull 3X Shares | 11.79% | 8.21% | 0.76% | 1.77% | 0.91% | 0.60% | 0.47% | 0.62% | 1.43% | 0.11% |
Drawdowns
BNKU vs. FAS - Drawdown Comparison
The maximum BNKU drawdown since its inception was -58.03%, smaller than the maximum FAS drawdown of -91.61%. Use the drawdown chart below to compare losses from any high point for BNKU and FAS.
Loading graphics...
Drawdown Indicators
| BNKU | FAS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.03% | -91.61% | +33.58% |
Max Drawdown (1Y)Largest decline over 1 year | -41.95% | -40.88% | -1.07% |
Max Drawdown (5Y)Largest decline over 5 years | — | -66.88% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -85.99% | — |
Current DrawdownCurrent decline from peak | -33.69% | -35.08% | +1.39% |
Average DrawdownAverage peak-to-trough decline | -15.99% | -31.15% | +15.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.46% | 14.87% | +0.59% |
Volatility
BNKU vs. FAS - Volatility Comparison
MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) has a higher volatility of 18.30% compared to Direxion Daily Financial Bull 3X Shares (FAS) at 14.32%. This indicates that BNKU's price experiences larger fluctuations and is considered to be riskier than FAS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| BNKU | FAS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.30% | 14.32% | +3.98% |
Volatility (6M)Calculated over the trailing 6-month period | 46.11% | 34.33% | +11.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.78% | 57.51% | +16.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.73% | 55.69% | +20.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.73% | 61.35% | +14.38% |