CEPI vs. BNKD

Last updated Apr 1, 2026

Compare and contrast key facts about REX Crypto Equity Premium Income ETF (CEPI) and MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD).

CEPI and BNKD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CEPI is an actively managed fund by REX. It was launched on Dec 4, 2024. BNKD is a passively managed fund by REX that tracks the performance of the Solactive MicroSectors U.S. Big Banks Index (-300%). It was launched on Apr 2, 2019.

Performance

CEPI vs. BNKD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX Crypto Equity Premium Income ETF (CEPI) and MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD). The values are adjusted to include any dividend payments, if applicable.

CEPI vs. BNKD - Yearly Performance Comparison

	2026 (YTD)	2025
CEPI REX Crypto Equity Premium Income ETF	-5.89%	2.06%
BNKD MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs	7.72%	-62.08%

Returns By Period

In the year-to-date period, CEPI achieves a -5.89% return, which is significantly lower than BNKD's 7.72% return.

CEPI

• 1D: 4.15%
• 1M: -4.68%
• YTD: -5.89%
• 6M: -13.56%
• 1Y: 18.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BNKD

• 1D: -10.54%
• 1M: 1.51%
• YTD: 7.72%
• 6M: -19.30%
• 1Y: -68.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CEPI vs. BNKD - Expense Ratio Comparison

CEPI has a 0.85% expense ratio, which is lower than BNKD's 0.95% expense ratio.

BNKD

MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs

CEPI

REX Crypto Equity Premium Income ETF

Return for Risk

CEPI vs. BNKD — Risk / Return Rank

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

CEPI

CEPI Risk / Return Rank: 33
CEPI Sharpe Ratio Rank: 33
CEPI Sortino Ratio Rank: 37
CEPI Omega Ratio Rank: 35
CEPI Calmar Ratio Rank: 33
CEPI Martin Ratio Rank: 26

BNKD

BNKD Risk / Return Rank: 1
BNKD Sharpe Ratio Rank: 1
BNKD Sortino Ratio Rank: 0
BNKD Omega Ratio Rank: 1
BNKD Calmar Ratio Rank: 1
BNKD Martin Ratio Rank: 4

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.

CEPI vs. BNKD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX Crypto Equity Premium Income ETF (CEPI) and MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD). 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.

	CEPI	BNKD	Difference
Sharpe ratio Return per unit of total volatility	0.59	-0.91	+1.50
Sortino ratio Return per unit of downside risk	1.01	-1.72	+2.74
Omega ratio Gain probability vs. loss probability	1.14	0.80	+0.33
Calmar ratio Return relative to maximum drawdown	0.78	-0.83	+1.60
Martin ratio Return relative to average drawdown	1.91	-1.02	+2.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CEPI vs. BNKD - Sharpe Ratio Comparison

The current CEPI Sharpe Ratio is 0.59, which is higher than the BNKD Sharpe Ratio of -0.91. The chart below compares the historical Sharpe Ratios of CEPI and BNKD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CEPI	BNKD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.59	-0.91	+1.50
Sharpe Ratio (All Time) Calculated using the full available price history	-0.12	-0.72	+0.60

Correlation

The correlation between CEPI and BNKD is -0.58. 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.

Dividends

CEPI vs. BNKD - Dividend Comparison

CEPI's dividend yield for the trailing twelve months is around 55.46%, while BNKD has not paid dividends to shareholders.

	TTM	2025
CEPI REX Crypto Equity Premium Income ETF	55.46%	50.78%
BNKD MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs	0.00%	0.00%

Drawdowns

CEPI vs. BNKD - Drawdown Comparison

The maximum CEPI drawdown since its inception was -29.48%, smaller than the maximum BNKD drawdown of -84.27%. Use the drawdown chart below to compare losses from any high point for CEPI and BNKD.

Drawdown Indicators

	CEPI	BNKD	Difference
Max Drawdown Largest peak-to-trough decline	-29.48%	-84.27%	+54.79%
Max Drawdown (1Y) Largest decline over 1 year	-22.47%	-84.27%	+61.80%
Current Drawdown Current decline from peak	-19.25%	-78.83%	+59.58%
Average Drawdown Average peak-to-trough decline	-9.10%	-61.01%	+51.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.13%	68.67%	-59.54%

Volatility

CEPI vs. BNKD - Volatility Comparison

The current volatility for REX Crypto Equity Premium Income ETF (CEPI) is 11.14%, while MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) has a volatility of 19.01%. This indicates that CEPI experiences smaller price fluctuations and is considered to be less risky than BNKD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CEPI	BNKD	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.14%	19.01%	-7.87%
Volatility (6M) Calculated over the trailing 6-month period	23.12%	45.69%	-22.57%
Volatility (1Y) Calculated over the trailing 1-year period	31.01%	75.20%	-44.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.66%	77.02%	-44.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.66%	77.02%	-44.36%