PBTP vs. BNKU
PBTP (Invesco PureBeta 0-5 Yr US TIPS ETF) and BNKU (MicroSectors U.S. Big Banks Index 3X Leveraged ETNs) are both exchange-traded funds - PBTP is a Inflation-Protected Bonds fund tracking the ICE BofA U.S. Treasuries Inflation-Linked (0-5 Y), while BNKU is a Leveraged Equities fund tracking the Solactive MicroSectors U.S. Big Banks Index (-300%). Both are passively managed. Over the past year, PBTP returned 3.00% vs 97.48% for BNKU. Their -0.14 correlation means they have often moved in opposite directions in the past. PBTP charges 0.07%/yr vs 0.95%/yr for BNKU.
Performance
PBTP vs. BNKU - Performance Comparison
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Returns By Period
In the year-to-date period, PBTP achieves a 1.86% return, which is significantly lower than BNKU's 29.42% return.
PBTP
- 1D
- -0.04%
- 1M
- 0.08%
- 6M
- 1.21%
- YTD
- 1.86%
- 1Y
- 3.00%
- 3Y*
- 5.11%
- 5Y*
- 3.00%
- 10Y*
- —
- ALL TIME*
- 3.33%
BNKU
- 1D
- 1.30%
- 1M
- 5.51%
- 6M
- 25.35%
- YTD
- 29.42%
- 1Y
- 97.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 47.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $317.79K | $636.80K | $487.95K | |
| $1.49M | $1.29M | $1.24M |
PBTP vs. BNKU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PBTP Invesco PureBeta 0-5 Yr US TIPS ETF | 1.86% | 4.60% |
BNKU MicroSectors U.S. Big Banks Index 3X Leveraged ETNs | 29.42% | 34.97% |
Correlation
The correlation between PBTP and BNKU is -0.15, 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. | -0.15 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | -0.14 |
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Return for Risk
PBTP vs. BNKU — Risk / Return Rank
PBTP
BNKU
PBTP vs. BNKU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) 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.
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.
| PBTP | BNKU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.24 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.57 | 2.05 | +2.51 |
| Martin ratioReturn relative to average drawdown | 14.12 | 5.41 | +8.72 |
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Drawdowns
PBTP vs. BNKU - Drawdown Comparison
The maximum PBTP drawdown since its inception was -5.44%, smaller than the maximum BNKU drawdown of -61.21%. Use the drawdown chart below to compare losses from any high point for PBTP and BNKU.
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Drawdown Indicators
| PBTP | BNKU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.44% | -61.21% | +55.77% |
Max Drawdown (1Y)Largest decline over 1 year | -0.76% | -40.97% | +40.21% |
Max Drawdown (3Y)Largest decline over 3 years | -1.03% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -5.44% | — | — |
Current DrawdownCurrent decline from peak | -0.30% | -7.55% | +7.25% |
Average DrawdownAverage peak-to-trough decline | -0.74% | -16.77% | +16.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 15.55% | -15.30% |
Volatility
PBTP vs. BNKU - Volatility Comparison
The current volatility for Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) is 0.38%, while MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) has a volatility of 18.44%. This indicates that PBTP experiences smaller price fluctuations and is considered to be less risky than BNKU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBTP | BNKU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.38% | 18.44% | -18.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.18% | 46.92% | -45.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.60% | 59.78% | -58.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.84% | 72.00% | -69.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.63% | 72.00% | -69.37% |
PBTP vs. BNKU - Expense Ratio Comparison
PBTP has a 0.07% expense ratio, which is lower than BNKU's 0.95% expense ratio.
Dividends
PBTP vs. BNKU - Dividend Comparison
PBTP's dividend yield for the trailing twelve months is around 4.80%, while BNKU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BNKU MicroSectors U.S. Big Banks Index 3X Leveraged ETNs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PBTP Invesco PureBeta 0-5 Yr US TIPS ETF | 4.80% | 3.82% | 2.59% | 2.36% | 5.33% | 3.12% | 1.25% | 2.12% | 2.33% | 0.73% |
Frequently Asked Questions
PBTP and BNKU have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNKU has higher volatility (18.44%) compared to PBTP (0.38%). In terms of maximum drawdown, PBTP dropped -5.44% vs BNKU's -61.21%.
On 1-year performance, BNKU leads with 97.48% vs 3.00% for PBTP. On fees, PBTP is cheaper at 0.07% per year. On volatility, PBTP has been the lower-risk option at 0.38%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BNKU has performed better with a 97.48% return vs 3.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PBTP is cheaper with a 0.07% expense ratio, compared with 0.95% for BNKU.
PBTP has the higher dividend yield at 4.80%, compared with 0.00% for BNKU.
PBTP is categorized as Inflation-Protected Bonds, while BNKU is Leveraged Equities. PBTP tracks ICE BofA U.S. Treasuries Inflation-Linked (0-5 Y), while BNKU tracks Solactive MicroSectors U.S. Big Banks Index (-300%). They also come from different issuers: Invesco and BMO. Their fees differ too: 0.07% for PBTP and 0.95% for BNKU.
PBTP currently has the higher Sharpe Ratio (2.18 vs 1.41), 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.
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