BNKU vs. TQQQ

Last updated Aug 2, 2026

BNKU (MicroSectors U.S. Big Banks Index 3X Leveraged ETNs) and TQQQ (ProShares UltraPro QQQ) are both Leveraged Equities funds - BNKU tracks the Solactive MicroSectors U.S. Big Banks Index (-300%) while TQQQ tracks the NASDAQ-100 Index (300%). Both are passively managed. Over the past year, BNKU returned 97.48% vs 56.87% for TQQQ. Their 0.55 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.95% expense ratio.

Performance

BNKU vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BNKU achieves a 29.42% return, which is significantly higher than TQQQ's 23.06% return.

BNKU

• 1D: 1.30%
• 1M: 5.51%
• 6M: 25.35%
• YTD: 29.42%
• 1Y: 97.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 47.30%

TQQQ

• 1D: 2.09%
• 1M: -11.90%
• 6M: 20.14%
• YTD: 23.06%
• 1Y: 56.87%
• 3Y*: 43.81%
• 5Y*: 15.36%
• 10Y*: 39.46%
• ALL TIME*: 42.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BNKU MicroSectors U.S. Big Banks Index 3X Leveraged ETNs	$317.79K	$636.80K	$487.95K
TQQQ ProShares UltraPro QQQ	$4.37B	$4.57B	$5.33B

BNKU vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025
BNKU MicroSectors U.S. Big Banks Index 3X Leveraged ETNs	29.42%	34.97%
TQQQ ProShares UltraPro QQQ	23.06%	17.60%

Correlation

The correlation between BNKU and TQQQ is 0.43, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.43
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.55

The correlation between BNKU and TQQQ shifts across timeframes, from 0.43 (1 year) to 0.55 (all time), reflecting how their relationship changes across market environments.

BNKU vs. TQQQ - Sectors Allocation Comparison

Sectors	BNKU	TQQQ
Financial Services	100.0%	0.2%
Basic Materials	-	1.1%
Communication Services	-	15.8%
Consumer Cyclical	-	12.3%
Consumer Defensive	-	7.7%
Energy	-	0.6%
Healthcare	-	4.2%
Industrials	-	2.8%
Real Estate	-	0.1%
Technology	-	53.8%
Utilities	-	1.4%

Return for Risk

BNKU vs. TQQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BNKU

BNKU Risk / Return Rank: 55
BNKU Sharpe Ratio Rank: 60
BNKU Sortino Ratio Rank: 54
BNKU Omega Ratio Rank: 55
BNKU Calmar Ratio Rank: 59
BNKU Martin Ratio Rank: 47

TQQQ

TQQQ Risk / Return Rank: 36
TQQQ Sharpe Ratio Rank: 34
TQQQ Sortino Ratio Rank: 37
TQQQ Omega Ratio Rank: 36
TQQQ Calmar Ratio Rank: 37
TQQQ Martin Ratio Rank: 36

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BNKU vs. TQQQ - 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 ProShares UltraPro QQQ (TQQQ). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BNKU	TQQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.41	0.83	+0.58
Sortino ratio: Return per unit of downside risk	1.90	1.38	+0.52
Omega ratio: Gain probability vs. loss probability	1.24	1.17	+0.07
Calmar ratio: Return relative to maximum drawdown	2.05	1.29	+0.76
Martin ratio: Return relative to average drawdown	5.41	3.60	+1.81

BNKU vs. TQQQ - Sharpe Ratio Comparison

The current BNKU Sharpe Ratio is 1.41, which is higher than the TQQQ Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of BNKU and TQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BNKU vs. TQQQ - Drawdown Comparison

The maximum BNKU drawdown since its inception was -61.21%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for BNKU and TQQQ.

Drawdown Indicators

	BNKU	TQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-61.21%	-81.66%	+20.45%
Max Drawdown (1Y) Largest decline over 1 year	-40.97%	-36.97%	-4.00%
Max Drawdown (3Y) Largest decline over 3 years	—	-58.04%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-81.66%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-81.66%	—
Current Drawdown Current decline from peak	-7.55%	-25.74%	+18.19%
Average Drawdown Average peak-to-trough decline	-16.77%	-18.49%	+1.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.55%	13.24%	+2.31%

Volatility

BNKU vs. TQQQ - Volatility Comparison

The current volatility for MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) is 18.44%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 20.41%. This indicates that BNKU experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BNKU	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.44%	20.41%	-1.97%
Volatility (6M) Calculated over the trailing 6-month period	46.92%	47.79%	-0.87%
Volatility (1Y) Calculated over the trailing 1-year period	59.78%	57.62%	+2.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.00%	68.04%	+3.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.00%	66.57%	+5.43%

BNKU vs. TQQQ - Expense Ratio Comparison

Both BNKU and TQQQ have an expense ratio of 0.95%.

Dividends

BNKU vs. TQQQ - Dividend Comparison

BNKU has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 0.58%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
TQQQ ProShares UltraPro QQQ	0.58%	0.65%	1.27%	1.26%	0.57%	0.00%	0.00%	0.06%	0.11%	0.00%	0.00%	0.01%

Frequently Asked Questions

Can I hold both BNKU and TQQQ in my portfolio?

BNKU and TQQQ have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BNKU or TQQQ?

TQQQ has higher volatility (20.41%) compared to BNKU (18.44%). In terms of maximum drawdown, BNKU dropped -61.21% vs TQQQ's -81.66%.

Which ETF is better, BNKU or TQQQ?

On 1-year performance, BNKU leads with 97.48% vs 56.87% for TQQQ. Both ETFs have the same 0.95% expense ratio. On volatility, BNKU has been the lower-risk option at 18.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BNKU or TQQQ?

Over the 1-year period, BNKU has performed better with a 97.48% return vs 56.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BNKU or TQQQ?

BNKU and TQQQ have the same expense ratio: 0.95% per year.

Which ETF pays a higher dividend yield, BNKU or TQQQ?

TQQQ has the higher dividend yield at 0.58%, compared with 0.00% for BNKU.

What is the main difference between BNKU and TQQQ?

BNKU tracks Solactive MicroSectors U.S. Big Banks Index (-300%), while TQQQ tracks NASDAQ-100 Index (300%). They also come from different issuers: BMO and ProShares.

Which has better risk-adjusted returns?

BNKU currently has the higher Sharpe Ratio (1.41 vs 0.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.