TSII vs. BNKD

Last updated Jul 14, 2026

TSII (REX TSLA Growth & Income ETF) and BNKD (MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs) are both exchange-traded funds - TSII is a Leveraged Equities fund actively managed by REX, while BNKD is a Inverse Equities fund tracking the Solactive MicroSectors U.S. Big Banks Index (-300%). TSII is actively managed, while BNKD is passively managed. Over the past year, TSII returned 24.83% vs -67.91% for BNKD. At a correlation of -0.25, they often move in opposite directions. TSII charges 0.99%/yr vs 0.95%/yr for BNKD.

Performance

TSII vs. BNKD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX TSLA Growth & Income ETF (TSII) and MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSII achieves a -15.31% return, which is significantly higher than BNKD's -42.87% return.

TSII

• 1D: -3.38%
• 1M: -4.80%
• 6M: -15.35%
• YTD: -15.31%
• 1Y: 24.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BNKD

• 1D: 1.01%
• 1M: -14.74%
• 6M: -37.59%
• YTD: -42.87%
• 1Y: -67.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSII vs. BNKD - Yearly Performance Comparison

	2026 (YTD)	2025
TSII REX TSLA Growth & Income ETF	-15.31%	39.41%
BNKD MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs	-42.87%	-56.96%

Correlation

The correlation between TSII and BNKD is -0.25, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.25
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	-0.25

Return for Risk

TSII vs. BNKD — Risk / Return Rank

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

TSII

TSII Risk / Return Rank: 21
TSII Sharpe Ratio Rank: 21
TSII Sortino Ratio Rank: 22
TSII Omega Ratio Rank: 21
TSII Calmar Ratio Rank: 23
TSII Martin Ratio Rank: 20

BNKD

BNKD Risk / Return Rank: 0
BNKD Sharpe Ratio Rank: 1
BNKD Sortino Ratio Rank: 0
BNKD Omega Ratio Rank: 1
BNKD Calmar Ratio Rank: 0
BNKD Martin Ratio Rank: 0

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.

TSII vs. BNKD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX TSLA Growth & Income ETF (TSII) 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.

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.

	TSII	BNKD	Difference
Sharpe ratio: Return per unit of total volatility	0.56	-1.15	+1.72
Sortino ratio: Return per unit of downside risk	1.03	-2.23	+3.26
Omega ratio: Gain probability vs. loss probability	1.12	0.76	+0.36
Calmar ratio: Return relative to maximum drawdown	0.86	-0.99	+1.85
Martin ratio: Return relative to average drawdown	1.83	-1.65	+3.48

TSII vs. BNKD - Sharpe Ratio Comparison

The current TSII Sharpe Ratio is 0.56, which is higher than the BNKD Sharpe Ratio of -1.15. The chart below compares the historical Sharpe Ratios of TSII and BNKD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TSII vs. BNKD - Drawdown Comparison

The maximum TSII drawdown since its inception was -29.03%, smaller than the maximum BNKD drawdown of -88.89%. Use the drawdown chart below to compare losses from any high point for TSII and BNKD.

Drawdown Indicators

	TSII	BNKD	Difference
Max Drawdown Largest peak-to-trough decline	-29.03%	-88.89%	+59.86%
Max Drawdown (1Y) Largest decline over 1 year	-29.03%	-68.72%	+39.69%
Current Drawdown Current decline from peak	-22.60%	-88.77%	+66.17%
Average Drawdown Average peak-to-trough decline	-10.43%	-65.56%	+55.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.58%	41.16%	-27.58%

Volatility

TSII vs. BNKD - Volatility Comparison

REX TSLA Growth & Income ETF (TSII) has a higher volatility of 18.14% compared to MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) at 17.15%. This indicates that TSII'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.

Volatility by Period

	TSII	BNKD	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.14%	17.15%	+0.99%
Volatility (6M) Calculated over the trailing 6-month period	32.45%	46.91%	-14.46%
Volatility (1Y) Calculated over the trailing 1-year period	44.49%	59.10%	-14.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.08%	73.52%	-25.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.08%	73.52%	-25.44%

TSII vs. BNKD - Expense Ratio Comparison

TSII has a 0.99% expense ratio, which is higher than BNKD's 0.95% expense ratio.

Dividends

TSII vs. BNKD - Dividend Comparison

TSII's dividend yield for the trailing twelve months is around 81.05%, while BNKD has not paid dividends to shareholders.

Position	TTM	2025
BNKD MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs	0.00%	0.00%
TSII REX TSLA Growth & Income ETF	81.05%	32.17%

Frequently Asked Questions

Can I hold both TSII and BNKD in my portfolio?

TSII and BNKD have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSII or BNKD?

TSII has higher volatility (18.14%) compared to BNKD (17.15%). In terms of maximum drawdown, TSII dropped -29.03% vs BNKD's -88.89%.

Which ETF is better, TSII or BNKD?

On 1-year performance, TSII leads with 24.83% vs -67.91% for BNKD. On fees, BNKD is cheaper at 0.95% per year. On volatility, BNKD has been the lower-risk option at 17.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSII or BNKD?

Over the 1-year period, TSII has performed better with a 24.83% return vs -67.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSII or BNKD?

BNKD is cheaper with a 0.95% expense ratio, compared with 0.99% for TSII.

Which ETF pays a higher dividend yield, TSII or BNKD?

TSII has the higher dividend yield at 81.05%, compared with 0.00% for BNKD.

What is the main difference between TSII and BNKD?

TSII is categorized as Leveraged Equities, while BNKD is Inverse Equities. Their fees differ too: 0.99% for TSII and 0.95% for BNKD.

Which has better risk-adjusted returns?

TSII currently has the higher Sharpe Ratio (0.56 vs -1.15), 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.