GEMG vs. BNKU
GEMG (Leverage Shares 2X Long GEMI Daily ETF) and BNKU (MicroSectors U.S. Big Banks Index 3X Leveraged ETNs) are both Leveraged Equities funds. GEMG is actively managed, while BNKU is passively managed. At a 0.31 correlation, their price movements are largely independent. GEMG charges 0.75%/yr vs 0.95%/yr for BNKU.
Performance
GEMG vs. BNKU - Performance Comparison
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Returns By Period
In the year-to-date period, GEMG achieves a -88.30% return, which is significantly lower than BNKU's 21.63% return.
GEMG
- 1D
- -6.06%
- 1M
- -29.17%
- YTD
- -88.30%
- 6M
- -91.72%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BNKU
- 1D
- 4.59%
- 1M
- 26.58%
- YTD
- 21.63%
- 6M
- 15.98%
- 1Y
- 119.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GEMG vs. BNKU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GEMG Leverage Shares 2X Long GEMI Daily ETF | -88.30% | -71.91% |
BNKU MicroSectors U.S. Big Banks Index 3X Leveraged ETNs | 21.63% | 25.61% |
Correlation
The correlation between GEMG and BNKU is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025 | 0.31 |
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Return for Risk
GEMG vs. BNKU — Risk / Return Rank
GEMG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BNKU
GEMG vs. BNKU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long GEMI Daily ETF (GEMG) 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.
| GEMG | BNKU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.94 | — |
| Martin ratioReturn relative to average drawdown | — | 7.74 | — |
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Drawdowns
GEMG vs. BNKU - Drawdown Comparison
The maximum GEMG drawdown since its inception was -97.26%, which is greater than BNKU's maximum drawdown of -61.21%. Use the drawdown chart below to compare losses from any high point for GEMG and BNKU.
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Drawdown Indicators
| GEMG | BNKU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.26% | -61.21% | -36.05% |
Max Drawdown (1Y)Largest decline over 1 year | — | -40.97% | — |
Current DrawdownCurrent decline from peak | -96.91% | 0.00% | -96.91% |
Average DrawdownAverage peak-to-trough decline | -81.07% | -17.80% | -63.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 15.55% | — |
Volatility
GEMG vs. BNKU - Volatility Comparison
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Volatility by Period
| GEMG | BNKU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 16.19% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 46.22% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 219.95% | 57.82% | +162.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 219.95% | 72.92% | +147.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 219.95% | 72.92% | +147.03% |
GEMG vs. BNKU - Expense Ratio Comparison
GEMG has a 0.75% expense ratio, which is lower than BNKU's 0.95% expense ratio.
Dividends
GEMG vs. BNKU - Dividend Comparison
Neither GEMG nor BNKU has paid dividends to shareholders.
Frequently Asked Questions
GEMG and BNKU have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GEMG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GEMG is cheaper with a 0.75% expense ratio, compared with 0.95% for BNKU.
GEMG and BNKU have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and Bank of Montreal. Their fees differ too: 0.75% for GEMG and 0.95% for BNKU.
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