BNKU vs. JEPQ
Compare and contrast key facts about MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
BNKU and JEPQ 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. JEPQ is an actively managed fund by JPMorgan Chase. It was launched on May 3, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BNKU or JEPQ.
Key characteristics
| BNKU | JEPQ | |
|---|---|---|
| YTD Return | 23.79% | 8.88% |
| 1Y Return | 145.95% | 29.72% |
| Sharpe Ratio | 1.97 | 2.63 |
| Daily Std Dev | 63.46% | 11.11% |
| Max Drawdown | -91.10% | -16.82% |
| Current Drawdown | -63.13% | -1.70% |
Correlation
The correlation between BNKU and JEPQ is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BNKU vs. JEPQ - Performance Comparison
In the year-to-date period, BNKU achieves a 23.79% return, which is significantly higher than JEPQ's 8.88% 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. JEPQ - Expense Ratio Comparison
BNKU has a 0.95% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
BNKU vs. JEPQ - 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 JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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. JEPQ - Dividend Comparison
BNKU has not paid dividends to shareholders, while JEPQ's dividend yield for the trailing twelve months is around 9.04%.
| TTM | 2023 | 2022 | |
|---|---|---|---|
BNKU MicroSectors U.S. Big Banks Index 3X Leveraged ETNs | 0.00% | 0.00% | 0.00% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.04% | 10.02% | 9.44% |
Drawdowns
BNKU vs. JEPQ - Drawdown Comparison
The maximum BNKU drawdown since its inception was -91.10%, which is greater than JEPQ's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for BNKU and JEPQ. For additional features, visit the drawdowns tool.
Volatility
BNKU vs. JEPQ - Volatility Comparison
MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) has a higher volatility of 16.17% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 5.13%. This indicates that BNKU's price experiences larger fluctuations and is considered to be riskier than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.