GDXD vs. BNKU

Last updated Aug 2, 2026

GDXD (MicroSectors Gold Miners -3X Inverse Leveraged ETNs due June 29, 2040) and BNKU (MicroSectors U.S. Big Banks Index 3X Leveraged ETNs) are both exchange-traded funds - GDXD is a Inverse Equities fund tracking the S-Network MicroSectors Gold Miners Index, while BNKU is a Leveraged Equities fund tracking the Solactive MicroSectors U.S. Big Banks Index (-300%). Both are passively managed. Over the past year, GDXD returned -91.93% vs 97.48% for BNKU. Their -0.16 correlation means they have often moved in opposite directions in the past. Both charge a 0.95% expense ratio.

Performance

GDXD vs. BNKU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Gold Miners -3X Inverse Leveraged ETNs due June 29, 2040 (GDXD) 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, GDXD achieves a -42.32% return, which is significantly lower than BNKU's 29.42% return.

GDXD

• 1D: 10.48%
• 1M: 10.38%
• 6M: -10.42%
• YTD: -42.32%
• 1Y: -91.93%
• 3Y*: -83.55%
• 5Y*: -73.29%
• 10Y*: —
• ALL TIME*: -70.78%

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
GDXD MicroSectors Gold Miners -3X Inverse Leveraged ETNs due June 29, 2040	$19.58M	$21.95M	$29.87M

GDXD vs. BNKU - Yearly Performance Comparison

	2026 (YTD)	2025
GDXD MicroSectors Gold Miners -3X Inverse Leveraged ETNs due June 29, 2040	-42.32%	-95.29%
BNKU MicroSectors U.S. Big Banks Index 3X Leveraged ETNs	29.42%	34.97%

Correlation

The correlation between GDXD and BNKU is -0.29, 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.	-0.29
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	-0.16

The correlation between GDXD and BNKU shifts across timeframes, from -0.29 (1 year) to -0.16 (all time), reflecting how their relationship changes across market environments.

GDXD vs. BNKU - Sectors Allocation Comparison

Sectors	GDXD	BNKU
Basic Materials	100.0%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	100.0%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

GDXD vs. BNKU — Risk / Return Rank

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

GDXD

GDXD Risk / Return Rank: 2
GDXD Sharpe Ratio Rank: 4
GDXD Sortino Ratio Rank: 2
GDXD Omega Ratio Rank: 2
GDXD Calmar Ratio Rank: 0
GDXD Martin Ratio Rank: 4

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.

GDXD vs. BNKU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold Miners -3X Inverse Leveraged ETNs due June 29, 2040 (GDXD) 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.

	GDXD	BNKU	Difference
Sharpe ratio: Return per unit of total volatility	-0.63	1.41	-2.04
Sortino ratio: Return per unit of downside risk	-1.50	1.90	-3.40
Omega ratio: Gain probability vs. loss probability	0.84	1.24	-0.40
Calmar ratio: Return relative to maximum drawdown	-0.96	2.05	-3.02
Martin ratio: Return relative to average drawdown	-1.11	5.41	-6.52

GDXD vs. BNKU - Sharpe Ratio Comparison

The current GDXD Sharpe Ratio is -0.63, which is lower than the BNKU Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of GDXD 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

GDXD vs. BNKU - Drawdown Comparison

The maximum GDXD drawdown since its inception was -99.96%, which is greater than BNKU's maximum drawdown of -61.21%. Use the drawdown chart below to compare losses from any high point for GDXD and BNKU.

Drawdown Indicators

	GDXD	BNKU	Difference
Max Drawdown Largest peak-to-trough decline	-99.96%	-61.21%	-38.75%
Max Drawdown (1Y) Largest decline over 1 year	-95.95%	-40.97%	-54.98%
Max Drawdown (3Y) Largest decline over 3 years	-99.86%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-99.96%	—	—
Current Drawdown Current decline from peak	-99.92%	-7.55%	-92.37%
Average Drawdown Average peak-to-trough decline	-72.59%	-16.77%	-55.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	83.56%	15.55%	+68.01%

Volatility

GDXD vs. BNKU - Volatility Comparison

MicroSectors Gold Miners -3X Inverse Leveraged ETNs due June 29, 2040 (GDXD) has a higher volatility of 40.76% compared to MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) at 18.44%. This indicates that GDXD'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

	GDXD	BNKU	Difference
Volatility (1M) Calculated over the trailing 1-month period	40.76%	18.44%	+22.32%
Volatility (6M) Calculated over the trailing 6-month period	118.25%	46.92%	+71.33%
Volatility (1Y) Calculated over the trailing 1-year period	146.68%	59.78%	+86.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	112.62%	72.00%	+40.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	110.97%	72.00%	+38.97%

GDXD vs. BNKU - Expense Ratio Comparison

Both GDXD and BNKU have an expense ratio of 0.95%.

Dividends

GDXD vs. BNKU - Dividend Comparison

Neither GDXD nor BNKU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GDXD and BNKU in my portfolio?

GDXD and BNKU have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GDXD or BNKU?

GDXD has higher volatility (40.76%) compared to BNKU (18.44%). In terms of maximum drawdown, GDXD dropped -99.96% vs BNKU's -61.21%.

Which ETF is better, GDXD or BNKU?

On 1-year performance, BNKU leads with 97.48% vs -91.93% for GDXD. Both ETFs have the same 0.95% expense ratio. On volatility, BNKU has been the lower-risk option at 18.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GDXD or BNKU?

Over the 1-year period, BNKU has performed better with a 97.48% return vs -91.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GDXD or BNKU?

GDXD and BNKU have the same expense ratio: 0.95% per year.

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

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

What is the main difference between GDXD and BNKU?

GDXD is categorized as Inverse Equities, while BNKU is Leveraged Equities. GDXD tracks S-Network MicroSectors Gold Miners Index, while BNKU tracks Solactive MicroSectors U.S. Big Banks Index (-300%).

Which has better risk-adjusted returns?

BNKU currently has the higher Sharpe Ratio (1.41 vs -0.63), 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.