FNGD vs. BNKD
Compare and contrast key facts about MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD).
FNGD and BNKD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FNGD is a passively managed fund by BMO that tracks the performance of the NYSE FANG+ Index (-300%). It was launched on Jan 22, 2018. 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. Both FNGD and BNKD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FNGD vs. BNKD - Performance Comparison
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FNGD vs. BNKD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FNGD MicroSectors FANG+™ Index -3X Inverse Leveraged ETN | 33.64% | -54.09% |
BNKD MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs | 4.54% | -62.08% |
Returns By Period
In the year-to-date period, FNGD achieves a 33.64% return, which is significantly higher than BNKD's 4.54% return.
FNGD
- 1D
- -4.70%
- 1M
- 8.14%
- YTD
- 33.64%
- 6M
- 37.83%
- 1Y
- -59.80%
- 3Y*
- -66.39%
- 5Y*
- -60.34%
- 10Y*
- —
BNKD
- 1D
- -2.95%
- 1M
- 0.27%
- YTD
- 4.54%
- 6M
- -26.08%
- 1Y
- -70.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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FNGD vs. BNKD - Expense Ratio Comparison
Both FNGD and BNKD have an expense ratio of 0.95%.
Return for Risk
FNGD vs. BNKD — Risk / Return Rank
FNGD
BNKD
FNGD vs. BNKD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) 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.
| FNGD | BNKD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.76 | -0.94 | +0.17 |
Sortino ratioReturn per unit of downside risk | -0.94 | -1.82 | +0.88 |
Omega ratioGain probability vs. loss probability | 0.87 | 0.79 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | -0.74 | -0.82 | +0.08 |
Martin ratioReturn relative to average drawdown | -0.85 | -1.01 | +0.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNGD | BNKD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.76 | -0.94 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.75 | -0.74 | -0.01 |
Correlation
The correlation between FNGD and BNKD is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FNGD vs. BNKD - Dividend Comparison
Neither FNGD nor BNKD has paid dividends to shareholders.
Drawdowns
FNGD vs. BNKD - Drawdown Comparison
The maximum FNGD drawdown since its inception was -100.00%, which is greater than BNKD's maximum drawdown of -84.27%. Use the drawdown chart below to compare losses from any high point for FNGD and BNKD.
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Drawdown Indicators
| FNGD | BNKD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -84.27% | -15.73% |
Max Drawdown (1Y)Largest decline over 1 year | -82.53% | -84.27% | +1.74% |
Max Drawdown (5Y)Largest decline over 5 years | -99.53% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -79.46% | -20.53% |
Average DrawdownAverage peak-to-trough decline | -86.98% | -61.07% | -25.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 71.98% | 68.85% | +3.13% |
Volatility
FNGD vs. BNKD - Volatility Comparison
MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) has a higher volatility of 25.08% compared to MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) at 19.24%. This indicates that FNGD's price experiences larger fluctuations and is considered to be riskier 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
| FNGD | BNKD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.08% | 19.24% | +5.84% |
Volatility (6M)Calculated over the trailing 6-month period | 45.50% | 45.69% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 78.77% | 75.17% | +3.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.87% | 76.93% | +11.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 91.50% | 76.93% | +14.57% |