STIP vs. BNKU
STIP (iShares 0-5 Year TIPS Bond ETF) and BNKU (MicroSectors U.S. Big Banks Index 3X Leveraged ETNs) are both exchange-traded funds - STIP is a Inflation-Protected Bonds fund tracking the Bloomberg US Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L), 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, STIP returned 3.05% vs 97.48% for BNKU. Their -0.12 correlation means they have often moved in opposite directions in the past. STIP charges 0.06%/yr vs 0.95%/yr for BNKU.
Performance
STIP vs. BNKU - Performance Comparison
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Returns By Period
In the year-to-date period, STIP achieves a 1.81% return, which is significantly lower than BNKU's 29.42% return.
STIP
- 1D
- -0.05%
- 1M
- 0.13%
- 6M
- 1.26%
- YTD
- 1.81%
- 1Y
- 3.05%
- 3Y*
- 5.11%
- 5Y*
- 3.06%
- 10Y*
- 3.14%
- ALL TIME*
- 2.37%
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 | |
| $80.85M | $78.77M | $101.18M |
STIP vs. BNKU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
STIP iShares 0-5 Year TIPS Bond ETF | 1.81% | 4.68% |
BNKU MicroSectors U.S. Big Banks Index 3X Leveraged ETNs | 29.42% | 34.97% |
Correlation
The correlation between STIP and BNKU is -0.11, 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. | -0.11 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | -0.12 |
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Return for Risk
STIP vs. BNKU — Risk / Return Rank
STIP
BNKU
STIP vs. BNKU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year TIPS Bond ETF (STIP) 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.
| STIP | BNKU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.24 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 4.78 | 2.05 | +2.73 |
| Martin ratioReturn relative to average drawdown | 15.31 | 5.41 | +9.90 |
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Drawdowns
STIP vs. BNKU - Drawdown Comparison
The maximum STIP drawdown since its inception was -5.50%, smaller than the maximum BNKU drawdown of -61.21%. Use the drawdown chart below to compare losses from any high point for STIP and BNKU.
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Drawdown Indicators
| STIP | BNKU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.50% | -61.21% | +55.71% |
Max Drawdown (1Y)Largest decline over 1 year | -0.73% | -40.97% | +40.24% |
Max Drawdown (3Y)Largest decline over 3 years | -0.95% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -5.50% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -5.50% | — | — |
Current DrawdownCurrent decline from peak | -0.25% | -7.55% | +7.30% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -16.77% | +15.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 15.55% | -15.32% |
Volatility
STIP vs. BNKU - Volatility Comparison
The current volatility for iShares 0-5 Year TIPS Bond ETF (STIP) is 0.38%, while MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) has a volatility of 18.44%. This indicates that STIP 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
| STIP | 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 | 1.17% | 46.92% | -45.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.52% | 59.78% | -58.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.74% | 72.00% | -69.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.45% | 72.00% | -69.55% |
STIP vs. BNKU - Expense Ratio Comparison
STIP has a 0.06% expense ratio, which is lower than BNKU's 0.95% expense ratio.
Dividends
STIP vs. BNKU - Dividend Comparison
STIP's dividend yield for the trailing twelve months is around 4.91%, while BNKU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
STIP iShares 0-5 Year TIPS Bond ETF | 4.60% | 4.11% | 2.62% | 2.84% | 6.04% | 4.15% | 1.40% | 2.06% | 2.44% | 1.59% | 0.89% |
Frequently Asked Questions
STIP and BNKU have a correlation of -0.11, 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 STIP (0.38%). In terms of maximum drawdown, STIP dropped -5.50% vs BNKU's -61.21%.
On 1-year performance, BNKU leads with 97.48% vs 3.05% for STIP. On fees, STIP is cheaper at 0.06% per year. On volatility, STIP 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 3.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
STIP is cheaper with a 0.06% expense ratio, compared with 0.95% for BNKU.
STIP has the higher dividend yield at 4.60%, compared with 0.00% for BNKU.
STIP is categorized as Inflation-Protected Bonds, while BNKU is Leveraged Equities. STIP tracks Bloomberg US Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L), while BNKU tracks Solactive MicroSectors U.S. Big Banks Index (-300%). They also come from different issuers: iShares and BMO. Their fees differ too: 0.06% for STIP and 0.95% for BNKU.
STIP currently has the higher Sharpe Ratio (2.28 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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