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.
Correlation
The correlation between HIBL and BNKU is 0.85, 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
Key characteristics
HIBL:
77.20%
BNKU:
125.35%
HIBL:
-88.27%
BNKU:
-58.03%
HIBL:
-80.73%
BNKU:
-58.03%
Returns By Period
HIBL
-60.40%
-51.42%
-63.01%
-61.94%
25.02%
N/A
BNKU
N/A
-47.25%
N/A
N/A
N/A
N/A
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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 Rank
HIBL
BNKU
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.
Not enough dataDividends
HIBL vs. BNKU - Dividend Comparison
HIBL's dividend yield for the trailing twelve months is around 1.58%, while BNKU has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares | 1.58% | 0.81% | 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% | 0.00% |
Drawdowns
HIBL vs. BNKU - Drawdown Comparison
The maximum HIBL drawdown since its inception was -88.27%, which is greater than BNKU's maximum drawdown of -58.03%. Use the drawdown chart below to compare losses from any high point for HIBL and BNKU. For additional features, visit the drawdowns tool.
Volatility
HIBL vs. BNKU - Volatility Comparison
Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) and MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) have volatilities of 45.38% and 44.78%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.