BNKU vs. TQQQ
Compare and contrast key facts about MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) and ProShares UltraPro QQQ (TQQQ).
BNKU and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. Both BNKU and TQQQ 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 TQQQ.
Key characteristics
| BNKU | TQQQ | |
|---|---|---|
| YTD Return | 23.79% | 12.24% |
| 1Y Return | 145.95% | 116.47% |
| 3Y Return (Ann) | -17.07% | 5.07% |
| 5Y Return (Ann) | -13.16% | 28.09% |
| Sharpe Ratio | 1.97 | 2.34 |
| Daily Std Dev | 63.46% | 48.84% |
| Max Drawdown | -91.10% | -81.66% |
| Current Drawdown | -63.13% | -34.32% |
Correlation
The correlation between BNKU and TQQQ is 0.45, 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. TQQQ - Performance Comparison
In the year-to-date period, BNKU achieves a 23.79% return, which is significantly higher than TQQQ's 12.24% 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. TQQQ - Expense Ratio Comparison
Both BNKU and TQQQ have an expense ratio of 0.95%.
Risk-Adjusted Performance
BNKU vs. TQQQ - 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 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.
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 1.24%.
| TTM | 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% |
TQQQ ProShares UltraPro QQQ | 1.24% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
BNKU vs. TQQQ - Drawdown Comparison
The maximum BNKU drawdown since its inception was -91.10%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for BNKU and TQQQ. For additional features, visit the drawdowns tool.
Volatility
BNKU vs. TQQQ - Volatility Comparison
The current volatility for MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) is 16.17%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 17.43%. 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.