PIC.AX vs. BNKD
Compare and contrast key facts about Perpetual Equity Investment Company Limited (PIC.AX) and MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD).
BNKD is a passively managed fund by REX Microsectors that tracks the performance of the Solactive MicroSectors U.S. Big Banks Index (-300%). It was launched on Apr 2, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PIC.AX or BNKD.
Correlation
The correlation between PIC.AX and BNKD is -0.20. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
PIC.AX vs. BNKD - Performance Comparison
Key characteristics
Returns By Period
PIC.AX
4.22%
4.22%
5.02%
12.68%
8.98%
7.28%
BNKD
N/A
N/A
N/A
N/A
N/A
N/A
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Risk-Adjusted Performance
PIC.AX vs. BNKD — Risk-Adjusted Performance Rank
PIC.AX
BNKD
PIC.AX vs. BNKD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Perpetual Equity Investment Company Limited (PIC.AX) 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.
Dividends
PIC.AX vs. BNKD - Dividend Comparison
PIC.AX's dividend yield for the trailing twelve months is around 6.48%, while BNKD has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
PIC.AX Perpetual Equity Investment Company Limited | 6.48% | 6.75% | 6.49% | 5.24% | 4.31% | 5.13% | 6.10% | 6.01% | 4.00% | 2.83% | 0.51% |
BNKD MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PIC.AX vs. BNKD - Drawdown Comparison
Volatility
PIC.AX vs. BNKD - Volatility Comparison
Perpetual Equity Investment Company Limited (PIC.AX) has a higher volatility of 5.30% compared to MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) at 0.00%. This indicates that PIC.AX's price experiences larger fluctuations and is considered to be riskier than BNKD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.