DVLU vs. BNKD
DVLU (First Trust Dorsey Wright Momentum & Value ETF) and BNKD (MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs) are both exchange-traded funds - DVLU is a Momentum fund tracking the Dorsey Wright Momentum Plus Value Index, while BNKD is a Inverse Equities fund tracking the Solactive MicroSectors U.S. Big Banks Index (-300%). Both are passively managed. Over the past year, DVLU returned 41.19% vs -69.43% for BNKD. Their -0.78 correlation means they have often moved in opposite directions in the past. DVLU charges 0.60%/yr vs 0.95%/yr for BNKD.
Performance
DVLU vs. BNKD - Performance Comparison
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Returns By Period
In the year-to-date period, DVLU achieves a 16.38% return, which is significantly higher than BNKD's -45.18% return.
DVLU
- 1D
- 1.30%
- 1M
- 5.20%
- 6M
- 13.95%
- YTD
- 16.38%
- 1Y
- 41.19%
- 3Y*
- 20.69%
- 5Y*
- 13.44%
- 10Y*
- —
- ALL TIME*
- 11.41%
BNKD
- 1D
- -1.73%
- 1M
- -10.94%
- 6M
- -38.66%
- YTD
- -45.18%
- 1Y
- -69.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -64.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $13.11K | $10.77K | $9.69K | |
| $183.55K | $173.51K | $204.38K |
DVLU vs. BNKD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DVLU First Trust Dorsey Wright Momentum & Value ETF | 16.38% | 16.72% |
BNKD MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs | -45.18% | -59.47% |
Correlation
The correlation between DVLU and BNKD is -0.73, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.73 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | -0.78 |
The correlation between DVLU and BNKD has been stable across timeframes, ranging from -0.78 to -0.73 - a consistent structural relationship.
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Return for Risk
DVLU vs. BNKD — Risk / Return Rank
DVLU
BNKD
DVLU vs. BNKD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright Momentum & Value ETF (DVLU) 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.
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.
| DVLU | BNKD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.69 | ||
| Sortino ratioReturn per unit of downside risk | +5.69 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 0.76 | +0.68 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | -0.99 | +4.37 |
| Martin ratioReturn relative to average drawdown | 12.32 | -1.59 | +13.92 |
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Drawdowns
DVLU vs. BNKD - Drawdown Comparison
The maximum DVLU drawdown since its inception was -53.26%, smaller than the maximum BNKD drawdown of -89.57%. Use the drawdown chart below to compare losses from any high point for DVLU and BNKD.
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Drawdown Indicators
| DVLU | BNKD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.26% | -89.57% | +36.31% |
Max Drawdown (1Y)Largest decline over 1 year | -12.24% | -70.09% | +57.85% |
Max Drawdown (3Y)Largest decline over 3 years | -24.86% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.86% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -89.23% | +89.13% |
Average DrawdownAverage peak-to-trough decline | -8.61% | -66.53% | +57.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 44.04% | -40.69% |
Volatility
DVLU vs. BNKD - Volatility Comparison
The current volatility for First Trust Dorsey Wright Momentum & Value ETF (DVLU) is 4.30%, while MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) has a volatility of 18.01%. This indicates that DVLU 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.
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Volatility by Period
| DVLU | BNKD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.30% | 18.01% | -13.71% |
Volatility (6M)Calculated over the trailing 6-month period | 12.00% | 47.31% | -35.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.47% | 59.68% | -43.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.14% | 72.94% | -51.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.60% | 72.94% | -47.34% |
DVLU vs. BNKD - Expense Ratio Comparison
DVLU has a 0.60% expense ratio, which is lower than BNKD's 0.95% expense ratio.
Dividends
DVLU vs. BNKD - Dividend Comparison
DVLU's dividend yield for the trailing twelve months is around 0.65%, while BNKD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BNKD MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DVLU First Trust Dorsey Wright Momentum & Value ETF | 0.65% | 0.73% | 1.06% | 1.34% | 2.18% | 1.33% | 1.34% | 1.71% | 0.58% |
Frequently Asked Questions
DVLU and BNKD have a correlation of -0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNKD has higher volatility (18.01%) compared to DVLU (4.30%). In terms of maximum drawdown, DVLU dropped -53.26% vs BNKD's -89.57%.
On 1-year performance, DVLU leads with 41.19% vs -69.43% for BNKD. On fees, DVLU is cheaper at 0.60% per year. On volatility, DVLU has been the lower-risk option at 4.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DVLU has performed better with a 41.19% return vs -69.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DVLU is cheaper with a 0.60% expense ratio, compared with 0.95% for BNKD.
DVLU has the higher dividend yield at 0.65%, compared with 0.00% for BNKD.
DVLU is categorized as Momentum, while BNKD is Inverse Equities. DVLU tracks Dorsey Wright Momentum Plus Value Index, while BNKD tracks Solactive MicroSectors U.S. Big Banks Index (-300%). They also come from different issuers: First Trust and REX. Their fees differ too: 0.60% for DVLU and 0.95% for BNKD.
DVLU currently has the higher Sharpe Ratio (2.52 vs -1.17), 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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