OKTG vs. BNKU

Last updated Jun 4, 2026

OKTG (Leverage Shares 2X Long OKTA Daily ETF) and BNKU (MicroSectors U.S. Big Banks Index 3X Leveraged ETNs) are both Leveraged Equities funds. OKTG is actively managed, while BNKU is passively managed. At a 0.21 correlation, their price movements are largely independent. OKTG charges 0.75%/yr vs 0.95%/yr for BNKU.

Performance

OKTG vs. BNKU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long OKTA Daily ETF (OKTG) 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, OKTG achieves a 58.00% return, which is significantly higher than BNKU's -1.60% return.

OKTG

• 1D: -16.25%
• 1M: 133.83%
• YTD: 58.00%
• 6M: 55.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BNKU

• 1D: -3.18%
• 1M: 6.20%
• YTD: -1.60%
• 6M: 10.64%
• 1Y: 85.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OKTG vs. BNKU - Yearly Performance Comparison

	2026 (YTD)	2025
OKTG Leverage Shares 2X Long OKTA Daily ETF	58.00%	10.38%
BNKU MicroSectors U.S. Big Banks Index 3X Leveraged ETNs	-1.60%	37.15%

Correlation

The correlation between OKTG and BNKU is 0.21, 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	0.21

Return for Risk

OKTG 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: 39
BNKU Sharpe Ratio Rank: 43
BNKU Sortino Ratio Rank: 37
BNKU Omega Ratio Rank: 39
BNKU Calmar Ratio Rank: 43
BNKU Martin Ratio Rank: 36

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.

OKTG vs. BNKU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long OKTA Daily ETF (OKTG) 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

	OKTG	BNKU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	0.45	+0.88

Drawdowns

OKTG vs. BNKU - Drawdown Comparison

The maximum OKTG drawdown since its inception was -60.69%, roughly equal to the maximum BNKU drawdown of -58.03%. Use the drawdown chart below to compare losses from any high point for OKTG and BNKU.

Drawdown Indicators

	OKTG	BNKU	Difference
Max Drawdown Largest peak-to-trough decline	-60.69%	-58.03%	-2.66%
Max Drawdown (1Y) Largest decline over 1 year	—	-40.97%	—
Current Drawdown Current decline from peak	-21.91%	-16.59%	-5.32%
Average Drawdown Average peak-to-trough decline	-23.37%	-16.56%	-6.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.48%	—

Volatility

Volatility by Period

	OKTG	BNKU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.86%	—
Volatility (6M) Calculated over the trailing 6-month period	—	45.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	137.60%	56.70%	+80.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	137.60%	72.86%	+64.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	137.60%	72.86%	+64.74%

OKTG vs. BNKU - Expense Ratio Comparison

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

Dividends

OKTG vs. BNKU - Dividend Comparison

Neither OKTG nor BNKU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OKTG and BNKU in my portfolio?

OKTG and BNKU have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OKTG or BNKU?

On fees, OKTG 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, OKTG or BNKU?

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

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

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

What is the main difference between OKTG and BNKU?

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