BNKU vs. SOXX
Compare and contrast key facts about MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) and iShares PHLX Semiconductor ETF (SOXX).
BNKU and SOXX 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. SOXX is a passively managed fund by iShares that tracks the performance of the PHLX Semiconductor Sector Index. It was launched on Jul 10, 2001. Both BNKU and SOXX 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 SOXX.
Key characteristics
| BNKU | SOXX | |
|---|---|---|
| YTD Return | 23.79% | 12.68% |
| 1Y Return | 145.95% | 63.29% |
| 3Y Return (Ann) | -17.07% | 19.67% |
| 5Y Return (Ann) | -13.16% | 28.88% |
| Sharpe Ratio | 1.97 | 2.17 |
| Daily Std Dev | 63.46% | 28.73% |
| Max Drawdown | -91.10% | -69.65% |
| Current Drawdown | -63.13% | -8.98% |
Correlation
The correlation between BNKU and SOXX is 0.48, 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. SOXX - Performance Comparison
In the year-to-date period, BNKU achieves a 23.79% return, which is significantly higher than SOXX's 12.68% 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. SOXX - Expense Ratio Comparison
BNKU has a 0.95% expense ratio, which is higher than SOXX's 0.46% expense ratio.
Risk-Adjusted Performance
BNKU vs. SOXX - 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 iShares PHLX Semiconductor ETF (SOXX). 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. SOXX - Dividend Comparison
BNKU has not paid dividends to shareholders, while SOXX's dividend yield for the trailing twelve months is around 1.70%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
SOXX iShares PHLX Semiconductor ETF | 1.70% | 2.35% | 3.76% | 1.91% | 2.43% | 3.70% | 4.11% | 2.70% | 3.23% | 3.86% | 4.69% | 3.55% |
Drawdowns
BNKU vs. SOXX - Drawdown Comparison
The maximum BNKU drawdown since its inception was -91.10%, which is greater than SOXX's maximum drawdown of -69.65%. Use the drawdown chart below to compare losses from any high point for BNKU and SOXX. For additional features, visit the drawdowns tool.
Volatility
BNKU vs. SOXX - Volatility Comparison
MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) has a higher volatility of 16.17% compared to iShares PHLX Semiconductor ETF (SOXX) at 10.07%. This indicates that BNKU's price experiences larger fluctuations and is considered to be riskier than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.