BNKU vs. FNGU
Compare and contrast key facts about MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU).
BNKU and FNGU 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. FNGU is a passively managed fund by Bank of Montreal that tracks the performance of the NYSE FANG (TR) (300%). It was launched on Jan 22, 2018. Both BNKU and FNGU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BNKU or FNGU.
Key characteristics
| BNKU | FNGU | |
|---|---|---|
| YTD Return | 23.79% | 37.21% |
| 1Y Return | 145.95% | 241.69% |
| 3Y Return (Ann) | -17.07% | 3.03% |
| 5Y Return (Ann) | -13.16% | 43.80% |
| Sharpe Ratio | 1.97 | 3.57 |
| Daily Std Dev | 63.46% | 70.19% |
| Max Drawdown | -91.10% | -92.34% |
| Current Drawdown | -63.13% | -34.42% |
Correlation
The correlation between BNKU and FNGU is 0.38, 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. FNGU - Performance Comparison
In the year-to-date period, BNKU achieves a 23.79% return, which is significantly lower than FNGU's 37.21% 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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BNKU vs. FNGU - Expense Ratio Comparison
Both BNKU and FNGU have an expense ratio of 0.95%.
Risk-Adjusted Performance
BNKU vs. FNGU - 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 MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU). 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.
Dividends
BNKU vs. FNGU - Dividend Comparison
Neither BNKU nor FNGU has paid dividends to shareholders.
Drawdowns
BNKU vs. FNGU - Drawdown Comparison
The maximum BNKU drawdown since its inception was -91.10%, roughly equal to the maximum FNGU drawdown of -92.34%. Use the drawdown chart below to compare losses from any high point for BNKU and FNGU. For additional features, visit the drawdowns tool.
Volatility
BNKU vs. FNGU - Volatility Comparison
The current volatility for MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) is 16.17%, while MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a volatility of 24.32%. This indicates that BNKU experiences smaller price fluctuations and is considered to be less risky than FNGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.