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FAS vs. BNKU
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FAS and BNKU is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.0
Correlation: 0.9

Performance

FAS vs. BNKU - Performance Comparison

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

-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%Feb 23Mar 02Mar 09Mar 16Mar 23Mar 30Apr 06Apr 13Apr 20
-23.29%
-41.91%
FAS
BNKU

Key characteristics

Daily Std Dev

FAS:

59.98%

BNKU:

136.44%

Max Drawdown

FAS:

-94.81%

BNKU:

-58.03%

Current Drawdown

FAS:

-26.94%

BNKU:

-41.91%

Returns By Period


FAS

YTD

-10.19%

1M

-17.84%

6M

-6.07%

1Y

32.22%

5Y*

41.51%

10Y*

16.97%

BNKU

YTD

N/A

1M

-26.01%

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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FAS vs. BNKU - Expense Ratio Comparison

FAS has a 1.00% expense ratio, which is higher than BNKU's 0.95% expense ratio.


Expense ratio chart for FAS: current value is 1.00%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FAS: 1.00%
Expense ratio chart for BNKU: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BNKU: 0.95%

Risk-Adjusted Performance

FAS vs. BNKU — Risk-Adjusted Performance Rank

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

FAS
The Risk-Adjusted Performance Rank of FAS is 7272
Overall Rank
The Sharpe Ratio Rank of FAS is 6464
Sharpe Ratio Rank
The Sortino Ratio Rank of FAS is 7272
Sortino Ratio Rank
The Omega Ratio Rank of FAS is 7474
Omega Ratio Rank
The Calmar Ratio Rank of FAS is 7878
Calmar Ratio Rank
The Martin Ratio Rank of FAS is 7272
Martin Ratio Rank

BNKU
The Risk-Adjusted Performance Rank of BNKU is 6464
Overall Rank
The Sharpe Ratio Rank of BNKU is 7474
Sharpe Ratio Rank
The Sortino Ratio Rank of BNKU is 6464
Sortino Ratio Rank
The Omega Ratio Rank of BNKU is 6363
Omega Ratio Rank
The Calmar Ratio Rank of BNKU is 5555
Calmar Ratio Rank
The Martin Ratio Rank of BNKU is 6464
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FAS vs. BNKU - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Financial Bull 3X Shares (FAS) 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.


The chart of Sharpe ratio for FAS, currently valued at 0.57, compared to the broader market-1.000.001.002.003.004.00
FAS: 0.57
The chart of Sortino ratio for FAS, currently valued at 1.13, compared to the broader market-2.000.002.004.006.008.00
FAS: 1.13
The chart of Omega ratio for FAS, currently valued at 1.17, compared to the broader market0.501.001.502.00
FAS: 1.17
The chart of Calmar ratio for FAS, currently valued at 0.80, compared to the broader market0.002.004.006.008.0010.0012.00
FAS: 0.80
The chart of Martin ratio for FAS, currently valued at 2.81, compared to the broader market0.0020.0040.0060.00
FAS: 2.81


Chart placeholderNot enough data

Dividends

FAS vs. BNKU - Dividend Comparison

FAS's dividend yield for the trailing twelve months is around 0.91%, while BNKU has not paid dividends to shareholders.


TTM20242023202220212020201920182017
FAS
Direxion Daily Financial Bull 3X Shares
0.91%0.76%1.77%0.91%0.60%0.47%0.62%1.43%0.11%
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%

Drawdowns

FAS vs. BNKU - Drawdown Comparison

The maximum FAS drawdown since its inception was -94.81%, which is greater than BNKU's maximum drawdown of -58.03%. Use the drawdown chart below to compare losses from any high point for FAS and BNKU. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%Feb 23Mar 02Mar 09Mar 16Mar 23Mar 30Apr 06Apr 13Apr 20
-26.53%
-41.91%
FAS
BNKU

Volatility

FAS vs. BNKU - Volatility Comparison

The current volatility for Direxion Daily Financial Bull 3X Shares (FAS) is 41.07%, while MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) has a volatility of 52.33%. This indicates that FAS experiences smaller price fluctuations and is considered to be less risky than BNKU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


20.00%30.00%40.00%50.00%Mar 23Tue 25Thu 27Sat 29Mon 31Wed 02Fri 04Apr 06Tue 08Thu 10Sat 12Mon 14Wed 16Fri 18Apr 20Tue 22Thu 24
41.07%
52.33%
FAS
BNKU