BNKU vs. USD
BNKU (MicroSectors U.S. Big Banks Index 3X Leveraged ETNs) and USD (ProShares Ultra Semiconductors) are both Leveraged Equities funds - BNKU tracks the Solactive MicroSectors U.S. Big Banks Index (-300%) while USD tracks the Dow Jones U.S. Semiconductors Index (200%). Both are passively managed. Over the past year, BNKU returned 107.99% vs 250.81% for USD. At a 0.44 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.
Performance
BNKU vs. USD - Performance Comparison
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Returns By Period
In the year-to-date period, BNKU achieves a 8.32% return, which is significantly lower than USD's 103.32% return.
BNKU
- 1D
- 10.09%
- 1M
- 13.36%
- YTD
- 8.32%
- 6M
- 19.85%
- 1Y
- 107.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USD
- 1D
- -4.99%
- 1M
- 31.62%
- YTD
- 103.32%
- 6M
- 97.79%
- 1Y
- 250.81%
- 3Y*
- 125.78%
- 5Y*
- 67.80%
- 10Y*
- 61.24%
BNKU vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BNKU MicroSectors U.S. Big Banks Index 3X Leveraged ETNs | 8.32% | 46.04% |
USD ProShares Ultra Semiconductors | 103.32% | 55.59% |
Correlation
The correlation between BNKU and USD is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025 | 0.44 |
The correlation between BNKU and USD shifts across timeframes, from 0.34 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.
BNKU vs. USD - Sectors Allocation Comparison
Sectors
BNKU
USD
Financial Services
Basic Materials
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-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Energy
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
Utilities
-
-
Financial Services
BNKU
USD
Basic Materials
BNKU
-
USD
-
Communication Services
BNKU
-
USD
-
Consumer Cyclical
BNKU
-
USD
-
Consumer Defensive
BNKU
-
USD
-
Energy
BNKU
-
USD
Healthcare
BNKU
-
USD
-
Industrials
BNKU
-
USD
-
Real Estate
BNKU
-
USD
-
Technology
BNKU
-
USD
Utilities
BNKU
-
USD
-
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Return for Risk
BNKU vs. USD — Risk / Return Rank
BNKU
USD
BNKU vs. USD - 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 Ultra Semiconductors (USD). 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.
| BNKU | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.48 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 7.94 | -5.29 |
| Martin ratioReturn relative to average drawdown | 7.00 | 22.96 | -15.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BNKU | USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 4.12 | -2.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.89 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.89 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.49 | +0.10 |
Drawdowns
BNKU vs. USD - Drawdown Comparison
The maximum BNKU drawdown since its inception was -58.03%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for BNKU and USD.
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Drawdown Indicators
| BNKU | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.03% | -88.63% | +30.60% |
Max Drawdown (1Y)Largest decline over 1 year | -40.97% | -31.80% | -9.17% |
Max Drawdown (3Y)Largest decline over 3 years | — | -64.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.85% | — |
Current DrawdownCurrent decline from peak | -8.18% | -6.07% | -2.11% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -32.35% | +15.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.49% | 10.98% | +4.51% |
Volatility
BNKU vs. USD - Volatility Comparison
The current volatility for MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) is 16.53%, while ProShares Ultra Semiconductors (USD) has a volatility of 21.29%. This indicates that BNKU experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNKU | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.53% | 21.29% | -4.76% |
Volatility (6M)Calculated over the trailing 6-month period | 46.00% | 46.74% | -0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.51% | 61.28% | -3.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.26% | 76.56% | -3.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.26% | 69.24% | +4.02% |
BNKU vs. USD - Expense Ratio Comparison
Both BNKU and USD have an expense ratio of 0.95%.
Dividends
BNKU vs. USD - Dividend Comparison
BNKU has not paid dividends to shareholders, while USD's dividend yield for the trailing twelve months is around 0.23%.
| 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% |
USD ProShares Ultra Semiconductors | 0.23% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
BNKU and USD have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (21.29%) compared to BNKU (16.53%). In terms of maximum drawdown, BNKU dropped -58.03% vs USD's -88.63%.
On 1-year performance, USD leads with 250.81% vs 107.99% for BNKU. Both ETFs have the same 0.95% expense ratio. On volatility, BNKU has been the lower-risk option at 16.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USD has performed better with a 250.81% return vs 107.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BNKU and USD have the same expense ratio: 0.95% per year.
USD has the higher dividend yield at 0.23%, compared with 0.00% for BNKU.
BNKU tracks Solactive MicroSectors U.S. Big Banks Index (-300%), while USD tracks Dow Jones U.S. Semiconductors Index (200%). They also come from different issuers: Bank of Montreal and ProShares.
USD currently has the higher Sharpe Ratio (4.12 vs 1.89), 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.
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