HIBL vs. BNKU
Compare and contrast key facts about Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) and MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU).
HIBL and BNKU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HIBL is a passively managed fund by Direxion that tracks the performance of the S&P 500 High Beta Index (300%). It was launched on Nov 7, 2019. BNKU is a passively managed fund by Bank of Montreal that tracks the performance of the Solactive MicroSectors U.S. Big Banks Index (-300%). It was launched on Apr 2, 2019. Both HIBL and BNKU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HIBL or BNKU.
Key characteristics
| HIBL | BNKU |
|---|
Correlation
The correlation between HIBL and BNKU is 0.76, 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.
Performance
HIBL vs. BNKU - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HIBL vs. BNKU - Expense Ratio Comparison
HIBL has a 1.12% expense ratio, which is higher than BNKU's 0.95% expense ratio.
Risk-Adjusted Performance
HIBL vs. BNKU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) 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.
Dividends
HIBL vs. BNKU - Dividend Comparison
HIBL's dividend yield for the trailing twelve months is around 0.94%, while BNKU has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares | 0.94% | 0.69% | 0.00% | 0.06% | 0.19% | 0.19% |
BNKU MicroSectors U.S. Big Banks Index 3X Leveraged ETNs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HIBL vs. BNKU - Drawdown Comparison
Volatility
HIBL vs. BNKU - Volatility Comparison
Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) has a higher volatility of 17.68% compared to MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) at 0.00%. This indicates that HIBL'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.