BNKU vs. YCL
Compare and contrast key facts about MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) and ProShares Ultra Yen (YCL).
BNKU and YCL 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. YCL is a passively managed fund by ProShares that tracks the performance of the USD/JPY Exchange Rate (-200%). It was launched on Nov 24, 2008. Both BNKU and YCL 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 YCL.
Key characteristics
| BNKU | YCL | |
|---|---|---|
| YTD Return | 23.79% | -17.57% |
| 1Y Return | 145.95% | -29.45% |
| 3Y Return (Ann) | -17.07% | -24.72% |
| 5Y Return (Ann) | -13.16% | -16.29% |
| Sharpe Ratio | 1.97 | -1.50 |
| Daily Std Dev | 63.46% | 19.07% |
| Max Drawdown | -91.10% | -85.91% |
| Current Drawdown | -63.13% | -85.04% |
Correlation
The correlation between BNKU and YCL is -0.14. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
BNKU vs. YCL - Performance Comparison
In the year-to-date period, BNKU achieves a 23.79% return, which is significantly higher than YCL's -17.57% 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. YCL - Expense Ratio Comparison
Both BNKU and YCL have an expense ratio of 0.95%.
Risk-Adjusted Performance
BNKU vs. YCL - 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 Ultra Yen (YCL). 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. YCL - Dividend Comparison
Neither BNKU nor YCL has paid dividends to shareholders.
Drawdowns
BNKU vs. YCL - Drawdown Comparison
The maximum BNKU drawdown since its inception was -91.10%, which is greater than YCL's maximum drawdown of -85.91%. Use the drawdown chart below to compare losses from any high point for BNKU and YCL. For additional features, visit the drawdowns tool.
Volatility
BNKU vs. YCL - Volatility Comparison
MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) has a higher volatility of 16.17% compared to ProShares Ultra Yen (YCL) at 7.60%. This indicates that BNKU's price experiences larger fluctuations and is considered to be riskier than YCL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.