MAVF vs. BNKD

Last updated Aug 2, 2026

MAVF (Matrix Advisors Value ETF) and BNKD (MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs) are both exchange-traded funds - MAVF is a Large Cap Value Equities fund actively managed by Matrix, while BNKD is a Inverse Equities fund tracking the Solactive MicroSectors U.S. Big Banks Index (-300%). MAVF is actively managed, while BNKD is passively managed. Over the past year, MAVF returned 27.51% vs -68.89% for BNKD. Their -0.76 correlation means they have often moved in opposite directions in the past. MAVF charges 0.75%/yr vs 0.95%/yr for BNKD.

Performance

MAVF vs. BNKD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matrix Advisors Value ETF (MAVF) and MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAVF achieves a 13.40% return, which is significantly higher than BNKD's -44.22% return.

MAVF

• 1D: 1.34%
• 1M: 1.14%
• 6M: 8.67%
• YTD: 13.40%
• 1Y: 27.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.89%

BNKD

• 1D: -1.37%
• 1M: -9.38%
• 6M: -40.18%
• YTD: -44.22%
• 1Y: -68.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -64.39%

*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)
BNKD MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs	$12.77K	$10.66K	$9.79K
MAVF Matrix Advisors Value ETF	$33.66K	$41.27K	$52.86K

MAVF vs. BNKD - Yearly Performance Comparison

	2026 (YTD)	2025
MAVF Matrix Advisors Value ETF	13.40%	18.40%
BNKD MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs	-44.22%	-64.04%

Correlation

The correlation between MAVF and BNKD is -0.71, 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.	-0.71
Correlation (All Time) Calculated using the full available price history since Feb 24, 2025	-0.76

The correlation between MAVF and BNKD has been stable across timeframes, ranging from -0.76 to -0.71 - a consistent structural relationship.

MAVF vs. BNKD - Sectors Allocation Comparison

Sectors	MAVF	BNKD
Technology	26.7%	-
Financial Services	25.2%	100.0%
Communication Services	15.1%	-
Consumer Cyclical	11.4%	-
Healthcare	9.3%	-
Consumer Defensive	6.5%	-
Industrials	5.9%	-
Basic Materials	-	-
Energy	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

MAVF vs. BNKD — Risk / Return Rank

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

MAVF

MAVF Risk / Return Rank: 71
MAVF Sharpe Ratio Rank: 75
MAVF Sortino Ratio Rank: 73
MAVF Omega Ratio Rank: 71
MAVF Calmar Ratio Rank: 65
MAVF Martin Ratio Rank: 73

BNKD

BNKD Risk / Return Rank: 1
BNKD Sharpe Ratio Rank: 1
BNKD Sortino Ratio Rank: 0
BNKD Omega Ratio Rank: 1
BNKD Calmar Ratio Rank: 1
BNKD Martin Ratio Rank: 0

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.

MAVF vs. BNKD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matrix Advisors Value ETF (MAVF) 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.

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.

	MAVF	BNKD	Difference
Sharpe ratio: Return per unit of total volatility	1.72	-1.11	+2.83
Sortino ratio: Return per unit of downside risk	2.41	-2.10	+4.51
Omega ratio: Gain probability vs. loss probability	1.30	0.78	+0.52
Calmar ratio: Return relative to maximum drawdown	2.32	-0.95	+3.27
Martin ratio: Return relative to average drawdown	9.18	-1.52	+10.70

MAVF vs. BNKD - Sharpe Ratio Comparison

The current MAVF Sharpe Ratio is 1.72, which is higher than the BNKD Sharpe Ratio of -1.11. The chart below compares the historical Sharpe Ratios of MAVF and BNKD, 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

MAVF vs. BNKD - Drawdown Comparison

The maximum MAVF drawdown since its inception was -17.13%, smaller than the maximum BNKD drawdown of -89.57%. Use the drawdown chart below to compare losses from any high point for MAVF and BNKD.

Drawdown Indicators

	MAVF	BNKD	Difference
Max Drawdown Largest peak-to-trough decline	-17.13%	-89.57%	+72.44%
Max Drawdown (1Y) Largest decline over 1 year	-10.94%	-70.40%	+59.46%
Current Drawdown Current decline from peak	-1.00%	-89.04%	+88.04%
Average Drawdown Average peak-to-trough decline	-2.47%	-66.47%	+64.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	43.82%	-41.06%

Volatility

MAVF vs. BNKD - Volatility Comparison

The current volatility for Matrix Advisors Value ETF (MAVF) is 4.32%, while MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) has a volatility of 17.97%. This indicates that MAVF experiences smaller price fluctuations and is considered to be less risky than BNKD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAVF	BNKD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.32%	17.97%	-13.65%
Volatility (6M) Calculated over the trailing 6-month period	11.56%	47.29%	-35.73%
Volatility (1Y) Calculated over the trailing 1-year period	14.75%	60.18%	-45.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.83%	73.03%	-54.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.83%	73.03%	-54.20%

MAVF vs. BNKD - Expense Ratio Comparison

MAVF has a 0.75% expense ratio, which is lower than BNKD's 0.95% expense ratio.

Dividends

MAVF vs. BNKD - Dividend Comparison

MAVF's dividend yield for the trailing twelve months is around 0.37%, while BNKD has not paid dividends to shareholders.

Position	TTM	2025
BNKD MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs	0.00%	0.00%
MAVF Matrix Advisors Value ETF	0.37%	0.42%

Frequently Asked Questions

Can I hold both MAVF and BNKD in my portfolio?

MAVF and BNKD have a correlation of -0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAVF or BNKD?

BNKD has higher volatility (17.97%) compared to MAVF (4.32%). In terms of maximum drawdown, MAVF dropped -17.13% vs BNKD's -89.57%.

Which ETF is better, MAVF or BNKD?

On 1-year performance, MAVF leads with 27.51% vs -68.89% for BNKD. On fees, MAVF is cheaper at 0.75% per year. On volatility, MAVF has been the lower-risk option at 4.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAVF or BNKD?

Over the 1-year period, MAVF has performed better with a 27.51% return vs -68.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAVF or BNKD?

MAVF is cheaper with a 0.75% expense ratio, compared with 0.95% for BNKD.

Which ETF pays a higher dividend yield, MAVF or BNKD?

MAVF has the higher dividend yield at 0.37%, compared with 0.00% for BNKD.

What is the main difference between MAVF and BNKD?

MAVF is categorized as Large Cap Value Equities, while BNKD is Inverse Equities. They also come from different issuers: Matrix and REX. Their fees differ too: 0.75% for MAVF and 0.95% for BNKD.

Which has better risk-adjusted returns?

MAVF currently has the higher Sharpe Ratio (1.72 vs -1.11), 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.