NEMG vs. BNKU

Last updated Jun 5, 2026

NEMG (Leverage Shares 2x Long NEM Daily ETF) and BNKU (MicroSectors U.S. Big Banks Index 3X Leveraged ETNs) are both Leveraged Equities funds. NEMG is actively managed, while BNKU is passively managed. At a 0.27 correlation, their price movements are largely independent. NEMG charges 0.75%/yr vs 0.95%/yr for BNKU.

Performance

NEMG vs. BNKU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2x Long NEM Daily ETF (NEMG) 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, NEMG achieves a 0.49% return, which is significantly lower than BNKU's 8.32% return.

NEMG

• 1D: 1.47%
• 1M: -3.03%
• YTD: 0.49%
• 6M: 19.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BNKU

• 1D: 10.09%
• 1M: 13.36%
• YTD: 8.32%
• 6M: 19.85%
• 1Y: 107.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NEMG vs. BNKU - Yearly Performance Comparison

	2026 (YTD)	2025
NEMG Leverage Shares 2x Long NEM Daily ETF	0.49%	27.79%
BNKU MicroSectors U.S. Big Banks Index 3X Leveraged ETNs	8.32%	37.15%

Correlation

The correlation between NEMG and BNKU is 0.27, 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 18, 2025	0.27

Return for Risk

NEMG vs. BNKU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BNKU

BNKU Risk / Return Rank: 50
BNKU Sharpe Ratio Rank: 56
BNKU Sortino Ratio Rank: 46
BNKU Omega Ratio Rank: 48
BNKU Calmar Ratio Rank: 54
BNKU Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NEMG vs. BNKU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Long NEM Daily ETF (NEMG) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	NEMG	BNKU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.59	0.00

Drawdowns

NEMG vs. BNKU - Drawdown Comparison

The maximum NEMG drawdown since its inception was -51.18%, smaller than the maximum BNKU drawdown of -58.03%. Use the drawdown chart below to compare losses from any high point for NEMG and BNKU.

Drawdown Indicators

	NEMG	BNKU	Difference
Max Drawdown Largest peak-to-trough decline	-51.18%	-58.03%	+6.85%
Max Drawdown (1Y) Largest decline over 1 year	—	-40.97%	—
Current Drawdown Current decline from peak	-41.20%	-8.18%	-33.02%
Average Drawdown Average peak-to-trough decline	-20.86%	-16.53%	-4.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.49%	—

Volatility

Volatility by Period

	NEMG	BNKU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	46.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	99.99%	57.51%	+42.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	99.99%	73.26%	+26.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	99.99%	73.26%	+26.73%

NEMG vs. BNKU - Expense Ratio Comparison

NEMG has a 0.75% expense ratio, which is lower than BNKU's 0.95% expense ratio.

Dividends

NEMG vs. BNKU - Dividend Comparison

Neither NEMG nor BNKU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NEMG and BNKU in my portfolio?

NEMG and BNKU have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NEMG or BNKU?

On fees, NEMG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NEMG or BNKU?

NEMG is cheaper with a 0.75% expense ratio, compared with 0.95% for BNKU.

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

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

What is the main difference between NEMG and BNKU?

They also come from different issuers: Leverage Shares and Bank of Montreal. Their fees differ too: 0.75% for NEMG and 0.95% for BNKU.