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.
Correlation
The correlation between BNKU and SOXX is 0.65, 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
Key characteristics
BNKU:
90.14%
SOXX:
35.57%
BNKU:
-39.15%
SOXX:
-70.21%
BNKU:
-39.15%
SOXX:
-26.22%
Returns By Period
BNKU
N/A
N/A
N/A
N/A
N/A
N/A
SOXX
-9.46%
-11.28%
-10.53%
-12.42%
24.04%
21.00%
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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 Rank
BNKU
SOXX
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.
Not enough dataDividends
BNKU vs. SOXX - Dividend Comparison
BNKU has not paid dividends to shareholders, while SOXX's dividend yield for the trailing twelve months is around 0.74%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 0.72% | 0.67% | 0.78% | 1.25% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% | 1.56% |
Drawdowns
BNKU vs. SOXX - Drawdown Comparison
The maximum BNKU drawdown since its inception was -39.15%, smaller than the maximum SOXX drawdown of -70.21%. 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
The current volatility for MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) is NaN%, while iShares PHLX Semiconductor ETF (SOXX) has a volatility of NaN%. This indicates that BNKU experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.