BNKU vs. UMDD

Last updated Jun 13, 2026

BNKU (MicroSectors U.S. Big Banks Index 3X Leveraged ETNs) and UMDD (ProShares UltraPro MidCap400) are both Leveraged Equities funds - BNKU tracks the Solactive MicroSectors U.S. Big Banks Index (-300%) while UMDD tracks the S&P MidCap 400 Index (300%). Both are passively managed. Over the past year, BNKU returned 111.56% vs 66.43% for UMDD. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.

Performance

BNKU vs. UMDD - 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 MidCap400 (UMDD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BNKU achieves a 14.86% return, which is significantly lower than UMDD's 41.42% return.

BNKU

• 1D: 5.30%
• 1M: 29.28%
• YTD: 14.86%
• 6M: 15.82%
• 1Y: 111.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UMDD

• 1D: 2.20%
• 1M: 10.73%
• YTD: 41.42%
• 6M: 35.75%
• 1Y: 66.43%
• 3Y*: 23.57%
• 5Y*: 2.41%
• 10Y*: 12.78%

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

BNKU vs. UMDD - Yearly Performance Comparison

	2026 (YTD)	2025
BNKU MicroSectors U.S. Big Banks Index 3X Leveraged ETNs	14.86%	34.97%
UMDD ProShares UltraPro MidCap400	41.42%	-9.02%

Correlation

The correlation between BNKU and UMDD is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.71

The correlation between BNKU and UMDD has been stable across timeframes, ranging from 0.66 to 0.71 - a consistent structural relationship.

BNKU vs. UMDD - Sectors Allocation Comparison

Sectors	BNKU	UMDD
Financial Services	100.0%	7.1%
Basic Materials	-	2.6%
Communication Services	-	0.5%
Consumer Cyclical	-	5.1%
Consumer Defensive	-	2.2%
Energy	-	2.7%
Healthcare	-	4.8%
Industrials	-	13.4%
Real Estate	-	3.9%
Technology	-	9.0%
Utilities	-	1.6%

Return for Risk

BNKU vs. UMDD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BNKU

BNKU Risk / Return Rank: 58
BNKU Sharpe Ratio Rank: 68
BNKU Sortino Ratio Rank: 54
BNKU Omega Ratio Rank: 55
BNKU Calmar Ratio Rank: 62
BNKU Martin Ratio Rank: 49

UMDD

UMDD Risk / Return Rank: 49
UMDD Sharpe Ratio Rank: 45
UMDD Sortino Ratio Rank: 45
UMDD Omega Ratio Rank: 43
UMDD Calmar Ratio Rank: 58
UMDD Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BNKU vs. UMDD - 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 MidCap400 (UMDD). 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	UMDD	Difference
Sharpe ratio: Return per unit of total volatility	1.94	1.40	+0.54
Sortino ratio: Return per unit of downside risk	2.30	2.01	+0.28
Omega ratio: Gain probability vs. loss probability	1.30	1.24	+0.06
Calmar ratio: Return relative to maximum drawdown	2.74	2.56	+0.17
Martin ratio: Return relative to average drawdown	7.20	8.58	-1.38

BNKU vs. UMDD - Sharpe Ratio Comparison

The current BNKU Sharpe Ratio is 1.94, which is higher than the UMDD Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of BNKU and UMDD, 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. UMDD - Drawdown Comparison

The maximum BNKU drawdown since its inception was -61.21%, smaller than the maximum UMDD drawdown of -86.24%. Use the drawdown chart below to compare losses from any high point for BNKU and UMDD.

Drawdown Indicators

	BNKU	UMDD	Difference
Max Drawdown Largest peak-to-trough decline	-61.21%	-86.24%	+25.03%
Max Drawdown (1Y) Largest decline over 1 year	-40.97%	-26.04%	-14.93%
Max Drawdown (3Y) Largest decline over 3 years	—	-60.33%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-64.61%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-86.24%	—
Current Drawdown Current decline from peak	-2.63%	-3.15%	+0.52%
Average Drawdown Average peak-to-trough decline	-18.05%	-23.58%	+5.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.55%	7.78%	+7.77%

Volatility

BNKU vs. UMDD - Volatility Comparison

MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) has a higher volatility of 15.55% compared to ProShares UltraPro MidCap400 (UMDD) at 14.80%. This indicates that BNKU's price experiences larger fluctuations and is considered to be riskier than UMDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BNKU	UMDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.55%	14.80%	+0.75%
Volatility (6M) Calculated over the trailing 6-month period	45.72%	35.26%	+10.46%
Volatility (1Y) Calculated over the trailing 1-year period	57.72%	47.64%	+10.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.10%	59.05%	+14.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.10%	62.32%	+10.78%

BNKU vs. UMDD - Expense Ratio Comparison

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

Dividends

BNKU vs. UMDD - Dividend Comparison

BNKU has not paid dividends to shareholders, while UMDD's dividend yield for the trailing twelve months is around 0.74%.

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%
UMDD ProShares UltraPro MidCap400	0.74%	1.00%	0.76%	0.19%	0.49%	0.06%	0.08%	0.64%	0.32%	0.00%	0.03%	0.06%

Frequently Asked Questions

Can I hold both BNKU and UMDD in my portfolio?

BNKU and UMDD have a correlation of 0.66, 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 UMDD?

BNKU has higher volatility (15.55%) compared to UMDD (14.80%). In terms of maximum drawdown, BNKU dropped -61.21% vs UMDD's -86.24%.

Which ETF is better, BNKU or UMDD?

On 1-year performance, BNKU leads with 111.56% vs 66.43% for UMDD. Both ETFs have the same 0.95% expense ratio. On volatility, UMDD has been the lower-risk option at 14.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BNKU or UMDD?

Over the 1-year period, BNKU has performed better with a 111.56% return vs 66.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BNKU or UMDD?

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

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

UMDD has the higher dividend yield at 0.74%, compared with 0.00% for BNKU.

What is the main difference between BNKU and UMDD?

BNKU tracks Solactive MicroSectors U.S. Big Banks Index (-300%), while UMDD tracks S&P MidCap 400 Index (300%). They also come from different issuers: Bank of Montreal and ProShares.

Which has better risk-adjusted returns?

BNKU currently has the higher Sharpe Ratio (1.94 vs 1.40), 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.