FCXG vs. BNKU

Last updated Aug 1, 2026

FCXG (Leverage Shares 2X Long FCX Daily ETF) and BNKU (MicroSectors U.S. Big Banks Index 3X Leveraged ETNs) are both Leveraged Equities funds - FCXG tracks the Freeport-McMoRan Inc. (FCX) while BNKU tracks the Solactive MicroSectors U.S. Big Banks Index (-300%). Both are passively managed. Their 0.45 correlation means their historical movements had little consistent relationship. FCXG charges 0.75%/yr vs 0.95%/yr for BNKU.

Performance

FCXG vs. BNKU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long FCX Daily ETF (FCXG) 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

FCXG

• 1D: -2.84%
• 1M: 3.11%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BNKU

• 1D: 1.30%
• 1M: 5.51%
• 6M: 25.35%
• YTD: 29.42%
• 1Y: 97.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 47.30%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BNKU MicroSectors U.S. Big Banks Index 3X Leveraged ETNs	$317.79K	$636.80K	$487.95K
FCXG Leverage Shares 2X Long FCX Daily ETF	$223.64K	$203.00K	$533.52K

FCXG vs. BNKU - Yearly Performance Comparison

	2026 (YTD)
FCXG Leverage Shares 2X Long FCX Daily ETF	-14.53%
BNKU MicroSectors U.S. Big Banks Index 3X Leveraged ETNs	29.04%

Correlation

The correlation between FCXG and BNKU is 0.45, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 19, 2026	0.45

Return for Risk

FCXG vs. BNKU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FCXG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BNKU

BNKU Risk / Return Rank: 55
BNKU Sharpe Ratio Rank: 60
BNKU Sortino Ratio Rank: 54
BNKU Omega Ratio Rank: 55
BNKU Calmar Ratio Rank: 59
BNKU Martin Ratio Rank: 47

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FCXG vs. BNKU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long FCX Daily ETF (FCXG) 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.

	FCXG	BNKU	Difference
Sharpe ratio: Return per unit of total volatility	—	1.41	—
Sortino ratio: Return per unit of downside risk	—	1.90	—
Omega ratio: Gain probability vs. loss probability	—	1.24	—
Calmar ratio: Return relative to maximum drawdown	—	2.05	—
Martin ratio: Return relative to average drawdown	—	5.41	—

Drawdowns

FCXG vs. BNKU - Drawdown Comparison

The maximum FCXG drawdown since its inception was -44.55%, smaller than the maximum BNKU drawdown of -61.21%. Use the drawdown chart below to compare losses from any high point for FCXG and BNKU.

Drawdown Indicators

	FCXG	BNKU	Difference
Max Drawdown Largest peak-to-trough decline	-44.55%	-61.21%	+16.66%
Max Drawdown (1Y) Largest decline over 1 year	—	-40.97%	—
Current Drawdown Current decline from peak	-31.19%	-7.55%	-23.64%
Average Drawdown Average peak-to-trough decline	-23.43%	-16.77%	-6.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.55%	—

Volatility

Volatility by Period

	FCXG	BNKU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	18.44%	—
Volatility (6M) Calculated over the trailing 6-month period	—	46.92%	—
Volatility (1Y) Calculated over the trailing 1-year period	107.68%	59.78%	+47.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.68%	72.00%	+35.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.68%	72.00%	+35.68%

FCXG vs. BNKU - Expense Ratio Comparison

FCXG has a 0.75% expense ratio, which is lower than BNKU's 0.95% expense ratio.

Dividends

FCXG vs. BNKU - Dividend Comparison

Neither FCXG nor BNKU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FCXG and BNKU in my portfolio?

FCXG and BNKU have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FCXG or BNKU?

On fees, FCXG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FCXG or BNKU?

FCXG is cheaper with a 0.75% expense ratio, compared with 0.95% for BNKU.

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

FCXG and BNKU have nearly identical dividend yields, around 0.00%.

What is the main difference between FCXG and BNKU?

FCXG tracks Freeport-McMoRan Inc. (FCX), while BNKU tracks Solactive MicroSectors U.S. Big Banks Index (-300%). They also come from different issuers: Leverage Shares and BMO. Their fees differ too: 0.75% for FCXG and 0.95% for BNKU.