TNOW.L vs. BNKE.L

Last updated Jun 4, 2026

TNOW.L (Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD)) and BNKE.L (Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc) are both exchange-traded funds - TNOW.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while BNKE.L is a Financials Equities fund tracking the MSCI World/Financials NR USD. Both are passively managed. Over the past 5 years, TNOW.L returned 21.51%/yr vs 27.70%/yr for BNKE.L. At a 0.39 correlation, their price movements are largely independent. Both charge a 0.30% expense ratio.

Performance

TNOW.L vs. BNKE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD) (TNOW.L) and Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc (BNKE.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TNOW.L is traded in USD, while BNKE.L is traded in GBP. To make them comparable, the BNKE.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, TNOW.L achieves a 26.74% return, which is significantly higher than BNKE.L's 3.59% return.

TNOW.L

• 1D: -0.61%
• 1M: 17.43%
• YTD: 26.74%
• 6M: 26.38%
• 1Y: 55.01%
• 3Y*: 33.44%
• 5Y*: 21.51%
• 10Y*: 24.35%

BNKE.L

• 1D: -1.61%
• 1M: 3.15%
• YTD: 3.59%
• 6M: 11.94%
• 1Y: 42.01%
• 3Y*: 49.00%
• 5Y*: 27.70%
• 10Y*: —

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

TNOW.L vs. BNKE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TNOW.L Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD)	26.74%	21.66%	34.01%	54.23%	-31.79%	29.94%	43.80%	11.35%
BNKE.L Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc	3.59%	115.03%	23.11%	34.49%	-4.56%	29.84%	-15.61%	9.08%

Correlation

The correlation between TNOW.L and BNKE.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (All Time) Calculated using the full available price history since Jul 24, 2019	0.39

TNOW.L vs. BNKE.L - Sectors Allocation Comparison

Sectors	TNOW.L	BNKE.L
Technology	40.0%	-
Consumer Cyclical	20.7%	-
Healthcare	16.3%	-
Communication Services	10.3%	-
Consumer Defensive	6.3%	-
Utilities	3.4%	-
Financial Services	2.2%	100.0%
Industrials	0.6%	-
Energy	0.2%	-
Basic Materials	0.1%	-
Real Estate	-	-

Return for Risk

TNOW.L vs. BNKE.L — Risk / Return Rank

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

TNOW.L

TNOW.L Risk / Return Rank: 71
TNOW.L Sharpe Ratio Rank: 81
TNOW.L Sortino Ratio Rank: 78
TNOW.L Omega Ratio Rank: 73
TNOW.L Calmar Ratio Rank: 65
TNOW.L Martin Ratio Rank: 55

BNKE.L

BNKE.L Risk / Return Rank: 50
BNKE.L Sharpe Ratio Rank: 53
BNKE.L Sortino Ratio Rank: 51
BNKE.L Omega Ratio Rank: 48
BNKE.L Calmar Ratio Rank: 51
BNKE.L Martin Ratio Rank: 49

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.

TNOW.L vs. BNKE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD) (TNOW.L) and Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc (BNKE.L). 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.

	TNOW.L	BNKE.L	Difference
Sharpe ratio: Return per unit of total volatility	2.67	1.67	+1.00
Sortino ratio: Return per unit of downside risk	3.52	2.34	+1.18
Omega ratio: Gain probability vs. loss probability	1.44	1.28	+0.16
Calmar ratio: Return relative to maximum drawdown	3.21	2.18	+1.04
Martin ratio: Return relative to average drawdown	9.55	6.85	+2.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TNOW.L vs. BNKE.L - Sharpe Ratio Comparison

The current TNOW.L Sharpe Ratio is 2.67, which is higher than the BNKE.L Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of TNOW.L and BNKE.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TNOW.L	BNKE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.67	1.67	+1.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	0.98	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.12	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.05	0.73	+0.32

Drawdowns

TNOW.L vs. BNKE.L - Drawdown Comparison

The maximum TNOW.L drawdown since its inception was -36.17%, smaller than the maximum BNKE.L drawdown of -51.47%. Use the drawdown chart below to compare losses from any high point for TNOW.L and BNKE.L.

Drawdown Indicators

	TNOW.L	BNKE.L	Difference
Max Drawdown Largest peak-to-trough decline	-36.17%	-51.47%	+15.30%
Max Drawdown (1Y) Largest decline over 1 year	-17.03%	-19.23%	+2.20%
Max Drawdown (3Y) Largest decline over 3 years	-26.15%	-20.19%	-5.96%
Max Drawdown (5Y) Largest decline over 5 years	-36.17%	-42.24%	+6.07%
Max Drawdown (10Y) Largest decline over 10 years	-36.17%	—	—
Current Drawdown Current decline from peak	-0.61%	-4.30%	+3.69%
Average Drawdown Average peak-to-trough decline	-5.62%	-11.55%	+5.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.74%	6.12%	-0.38%

Volatility

TNOW.L vs. BNKE.L - Volatility Comparison

Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD) (TNOW.L) and Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc (BNKE.L) have volatilities of 7.27% and 7.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TNOW.L	BNKE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.27%	7.12%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	15.66%	20.15%	-4.49%
Volatility (1Y) Calculated over the trailing 1-year period	20.54%	25.01%	-4.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.56%	28.16%	-4.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.74%	32.04%	-10.30%

TNOW.L vs. BNKE.L - Expense Ratio Comparison

Both TNOW.L and BNKE.L have an expense ratio of 0.30%.

Dividends

TNOW.L vs. BNKE.L - Dividend Comparison

Neither TNOW.L nor BNKE.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TNOW.L and BNKE.L in my portfolio?

TNOW.L and BNKE.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TNOW.L or BNKE.L?

Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TNOW.L or BNKE.L?

TNOW.L and BNKE.L have the same expense ratio: 0.30% per year.

What is the main difference between TNOW.L and BNKE.L?

TNOW.L is categorized as Technology Equities, while BNKE.L is Financials Equities. TNOW.L tracks MSCI World/Information Tech NR USD, while BNKE.L tracks MSCI World/Financials NR USD.