BNKU vs. XTJL

Last updated Aug 4, 2026

BNKU (MicroSectors U.S. Big Banks Index 3X Leveraged ETNs) and XTJL (Innovator U.S. Equity Accelerated Plus ETF - July) are both Leveraged Equities funds. BNKU is passively managed, while XTJL is actively managed. Over the past year, BNKU returned 100.75% vs 15.15% for XTJL. Their 0.67 correlation means they have sometimes moved together and sometimes differently. BNKU charges 0.95%/yr vs 0.79%/yr for XTJL.

Performance

BNKU vs. XTJL - 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 Innovator U.S. Equity Accelerated Plus ETF - July (XTJL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BNKU achieves a 31.56% return, which is significantly higher than XTJL's 7.13% return.

BNKU

• 1D: 1.66%
• 1M: 7.26%
• 6M: 22.79%
• YTD: 31.56%
• 1Y: 100.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 48.65%

XTJL

• 1D: 0.77%
• 1M: 1.73%
• 6M: 5.94%
• YTD: 7.13%
• 1Y: 15.15%
• 3Y*: 14.82%
• 5Y*: 9.71%
• 10Y*: —
• ALL TIME*: 9.91%

*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	$287.92K	$638.07K	$490.60K
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	$14.44K	$25.47K	$270.54K

BNKU vs. XTJL - Yearly Performance Comparison

	2026 (YTD)	2025
BNKU MicroSectors U.S. Big Banks Index 3X Leveraged ETNs	31.56%	34.97%
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	7.13%	12.10%

Correlation

The correlation between BNKU and XTJL is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.60
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.67

The correlation between BNKU and XTJL has been stable across timeframes, ranging from 0.60 to 0.67 - a consistent structural relationship.

BNKU vs. XTJL - Sectors Allocation Comparison

Sectors	BNKU	XTJL
Financial Services	100.0%	10.9%
Basic Materials	-	1.7%
Communication Services	-	10.7%
Consumer Cyclical	-	9.9%
Consumer Defensive	-	4.5%
Energy	-	3.1%
Healthcare	-	8.3%
Industrials	-	7.8%
Real Estate	-	1.8%
Technology	-	39.1%
Utilities	-	2.1%

Return for Risk

BNKU vs. XTJL — Risk / Return Rank

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

BNKU

BNKU Risk / Return Rank: 63
BNKU Sharpe Ratio Rank: 72
BNKU Sortino Ratio Rank: 61
BNKU Omega Ratio Rank: 62
BNKU Calmar Ratio Rank: 68
BNKU Martin Ratio Rank: 53

XTJL

XTJL Risk / Return Rank: 85
XTJL Sharpe Ratio Rank: 81
XTJL Sortino Ratio Rank: 85
XTJL Omega Ratio Rank: 89
XTJL Calmar Ratio Rank: 79
XTJL Martin Ratio Rank: 92

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. XTJL - 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 Innovator U.S. Equity Accelerated Plus ETF - July (XTJL). 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	XTJL	Difference
Sharpe ratio: Return per unit of total volatility	1.71	1.97	-0.26
Sortino ratio: Return per unit of downside risk	2.14	2.93	-0.79
Omega ratio: Gain probability vs. loss probability	1.28	1.43	-0.15
Calmar ratio: Return relative to maximum drawdown	2.47	2.97	-0.50
Martin ratio: Return relative to average drawdown	6.51	16.39	-9.88

BNKU vs. XTJL - Sharpe Ratio Comparison

The current BNKU Sharpe Ratio is 1.71, which is comparable to the XTJL Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of BNKU and XTJL, 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. XTJL - Drawdown Comparison

The maximum BNKU drawdown since its inception was -61.21%, which is greater than XTJL's maximum drawdown of -23.24%. Use the drawdown chart below to compare losses from any high point for BNKU and XTJL.

Drawdown Indicators

	BNKU	XTJL	Difference
Max Drawdown Largest peak-to-trough decline	-61.21%	-23.24%	-37.97%
Max Drawdown (1Y) Largest decline over 1 year	-40.97%	-5.12%	-35.85%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.70%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.24%	—
Current Drawdown Current decline from peak	-6.02%	0.00%	-6.02%
Average Drawdown Average peak-to-trough decline	-16.74%	-3.92%	-12.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.54%	0.93%	+14.61%

Volatility

BNKU vs. XTJL - Volatility Comparison

MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) has a higher volatility of 18.49% compared to Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) at 2.98%. This indicates that BNKU's price experiences larger fluctuations and is considered to be riskier than XTJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BNKU	XTJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.49%	2.98%	+15.51%
Volatility (6M) Calculated over the trailing 6-month period	46.92%	6.16%	+40.76%
Volatility (1Y) Calculated over the trailing 1-year period	59.32%	7.75%	+51.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.91%	15.12%	+56.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.91%	15.03%	+56.88%

BNKU vs. XTJL - Expense Ratio Comparison

BNKU has a 0.95% expense ratio, which is higher than XTJL's 0.79% expense ratio.

Dividends

BNKU vs. XTJL - Dividend Comparison

Neither BNKU nor XTJL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BNKU and XTJL in my portfolio?

BNKU and XTJL have a correlation of 0.60, 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 XTJL?

BNKU has higher volatility (18.49%) compared to XTJL (2.98%). In terms of maximum drawdown, BNKU dropped -61.21% vs XTJL's -23.24%.

Which ETF is better, BNKU or XTJL?

On 1-year performance, BNKU leads with 100.75% vs 15.15% for XTJL. On fees, XTJL is cheaper at 0.79% per year. On volatility, XTJL has been the lower-risk option at 2.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BNKU or XTJL?

Over the 1-year period, BNKU has performed better with a 100.75% return vs 15.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BNKU or XTJL?

XTJL is cheaper with a 0.79% expense ratio, compared with 0.95% for BNKU.

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

BNKU and XTJL have nearly identical dividend yields, around 0.00%.

What is the main difference between BNKU and XTJL?

They also come from different issuers: BMO and Innovator. Their fees differ too: 0.95% for BNKU and 0.79% for XTJL.

Which has better risk-adjusted returns?

XTJL currently has the higher Sharpe Ratio (1.97 vs 1.71), 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.