EDC vs. BNKU

Last updated Jun 13, 2026

EDC (Direxion Daily Emerging Markets Bull 3X Shares) and BNKU (MicroSectors U.S. Big Banks Index 3X Leveraged ETNs) are both Leveraged Equities funds - EDC tracks the MSCI Emerging Markets Index (300%) while BNKU tracks the Solactive MicroSectors U.S. Big Banks Index (-300%). Both are passively managed. Over the past year, EDC returned 137.10% vs 111.56% for BNKU. At a 0.38 correlation, their price movements are largely independent. EDC charges 1.33%/yr vs 0.95%/yr for BNKU.

Performance

EDC vs. BNKU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Emerging Markets Bull 3X Shares (EDC) and MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EDC achieves a 62.45% return, which is significantly higher than BNKU's 14.86% return.

EDC

• 1D: 1.22%
• 1M: -1.45%
• YTD: 62.45%
• 6M: 72.90%
• 1Y: 137.10%
• 3Y*: 43.12%
• 5Y*: -2.02%
• 10Y*: 8.38%

BNKU

• 1D: 5.30%
• 1M: 29.28%
• YTD: 14.86%
• 6M: 15.82%
• 1Y: 111.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EDC vs. BNKU - Yearly Performance Comparison

	2026 (YTD)	2025
EDC Direxion Daily Emerging Markets Bull 3X Shares	62.45%	64.89%
BNKU MicroSectors U.S. Big Banks Index 3X Leveraged ETNs	14.86%	34.97%

Correlation

The correlation between EDC and BNKU is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.38

EDC vs. BNKU - Sectors Allocation Comparison

Sectors	EDC	BNKU
Technology	32.7%	-
Financial Services	20.8%	100.0%
Consumer Cyclical	10.3%	-
Communication Services	7.8%	-
Industrials	7.3%	-
Basic Materials	7.0%	-
Energy	4.4%	-
Consumer Defensive	3.2%	-
Healthcare	3.2%	-
Utilities	2.2%	-
Real Estate	1.1%	-

Return for Risk

EDC vs. BNKU — Risk / Return Rank

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

EDC

EDC Risk / Return Rank: 71
EDC Sharpe Ratio Rank: 76
EDC Sortino Ratio Rank: 60
EDC Omega Ratio Rank: 68
EDC Calmar Ratio Rank: 79
EDC Martin Ratio Rank: 74

BNKU

BNKU Risk / Return Rank: 58
BNKU Sharpe Ratio Rank: 68
BNKU Sortino Ratio Rank: 54
BNKU Omega Ratio Rank: 55
BNKU Calmar Ratio Rank: 62
BNKU Martin Ratio Rank: 49

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.

EDC vs. BNKU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Emerging Markets Bull 3X Shares (EDC) and MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU). 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.

	EDC	BNKU	Difference
Sharpe ratio: Return per unit of total volatility	2.13	1.94	+0.19
Sortino ratio: Return per unit of downside risk	2.47	2.30	+0.17
Omega ratio: Gain probability vs. loss probability	1.35	1.30	+0.05
Calmar ratio: Return relative to maximum drawdown	3.63	2.74	+0.89
Martin ratio: Return relative to average drawdown	12.25	7.20	+5.05

EDC vs. BNKU - Sharpe Ratio Comparison

The current EDC Sharpe Ratio is 2.13, which is comparable to the BNKU Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of EDC and BNKU, 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

EDC vs. BNKU - Drawdown Comparison

The maximum EDC drawdown since its inception was -92.54%, which is greater than BNKU's maximum drawdown of -61.21%. Use the drawdown chart below to compare losses from any high point for EDC and BNKU.

Drawdown Indicators

	EDC	BNKU	Difference
Max Drawdown Largest peak-to-trough decline	-92.54%	-61.21%	-31.33%
Max Drawdown (1Y) Largest decline over 1 year	-37.98%	-40.97%	+2.99%
Max Drawdown (3Y) Largest decline over 3 years	-49.48%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-80.70%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-87.01%	—	—
Current Drawdown Current decline from peak	-65.52%	-2.63%	-62.89%
Average Drawdown Average peak-to-trough decline	-65.35%	-18.05%	-47.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.25%	15.55%	-4.30%

Volatility

EDC vs. BNKU - Volatility Comparison

Direxion Daily Emerging Markets Bull 3X Shares (EDC) has a higher volatility of 33.39% compared to MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) at 15.55%. This indicates that EDC's price experiences larger fluctuations and is considered to be riskier than BNKU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EDC	BNKU	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.39%	15.55%	+17.84%
Volatility (6M) Calculated over the trailing 6-month period	58.40%	45.72%	+12.68%
Volatility (1Y) Calculated over the trailing 1-year period	64.72%	57.72%	+7.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.74%	73.10%	-15.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.12%	73.10%	-11.98%

EDC vs. BNKU - Expense Ratio Comparison

EDC has a 1.33% expense ratio, which is higher than BNKU's 0.95% expense ratio.

Dividends

EDC vs. BNKU - Dividend Comparison

EDC's dividend yield for the trailing twelve months is around 1.05%, while BNKU has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
EDC Direxion Daily Emerging Markets Bull 3X Shares	1.05%	1.79%	3.94%	3.54%	0.00%	0.18%	0.44%	0.97%	0.78%	0.25%

Frequently Asked Questions

Can I hold both EDC and BNKU in my portfolio?

EDC and BNKU have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EDC or BNKU?

EDC has higher volatility (33.39%) compared to BNKU (15.55%). In terms of maximum drawdown, EDC dropped -92.54% vs BNKU's -61.21%.

Which ETF is better, EDC or BNKU?

On 1-year performance, EDC leads with 137.10% vs 111.56% for BNKU. On fees, BNKU is cheaper at 0.95% per year. On volatility, BNKU has been the lower-risk option at 15.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EDC or BNKU?

Over the 1-year period, EDC has performed better with a 137.10% return vs 111.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EDC or BNKU?

BNKU is cheaper with a 0.95% expense ratio, compared with 1.33% for EDC.

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

EDC has the higher dividend yield at 1.05%, compared with 0.00% for BNKU.

What is the main difference between EDC and BNKU?

EDC tracks MSCI Emerging Markets Index (300%), while BNKU tracks Solactive MicroSectors U.S. Big Banks Index (-300%). They also come from different issuers: Direxion and Bank of Montreal. Their fees differ too: 1.33% for EDC and 0.95% for BNKU.

Which has better risk-adjusted returns?

EDC currently has the higher Sharpe Ratio (2.13 vs 1.94), 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.