TYD vs. BNKU

Last updated Jun 13, 2026

TYD (Direxion Daily 7-10 Year Treasury Bull 3X) and BNKU (MicroSectors U.S. Big Banks Index 3X Leveraged ETNs) are both exchange-traded funds - TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index, 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, TYD returned -1.08% vs 111.56% for BNKU. At a 0.00 correlation, their price movements are largely independent. TYD charges 1.09%/yr vs 0.95%/yr for BNKU.

Performance

TYD vs. BNKU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily 7-10 Year Treasury Bull 3X (TYD) and MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TYD achieves a -5.80% return, which is significantly lower than BNKU's 14.86% return.

TYD

• 1D: -0.33%
• 1M: -0.25%
• YTD: -5.80%
• 6M: -5.59%
• 1Y: -1.08%
• 3Y*: -3.95%
• 5Y*: -13.19%
• 10Y*: -5.12%

BNKU

• 1D: 5.30%
• 1M: 29.28%
• YTD: 14.86%
• 6M: 15.82%
• 1Y: 111.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TYD vs. BNKU - Yearly Performance Comparison

	2026 (YTD)	2025
TYD Direxion Daily 7-10 Year Treasury Bull 3X	-5.80%	10.36%
BNKU MicroSectors U.S. Big Banks Index 3X Leveraged ETNs	14.86%	34.97%

Correlation

The correlation between TYD and BNKU is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.00

TYD vs. BNKU - Sectors Allocation Comparison

Sectors	TYD	BNKU
Financial Services	21.2%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

TYD vs. BNKU — Risk / Return Rank

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

TYD

TYD Risk / Return Rank: 8
TYD Sharpe Ratio Rank: 9
TYD Sortino Ratio Rank: 8
TYD Omega Ratio Rank: 8
TYD Calmar Ratio Rank: 9
TYD Martin Ratio Rank: 9

BNKU

BNKU Risk / Return Rank: 58
BNKU Sharpe Ratio Rank: 68
BNKU Sortino Ratio Rank: 54
BNKU Omega Ratio Rank: 55
BNKU Calmar Ratio Rank: 62
BNKU 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.

TYD vs. BNKU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) 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.

	TYD	BNKU	Difference
Sharpe ratio: Return per unit of total volatility	-0.08	1.94	-2.02
Sortino ratio: Return per unit of downside risk	-0.01	2.30	-2.31
Omega ratio: Gain probability vs. loss probability	1.00	1.30	-0.30
Calmar ratio: Return relative to maximum drawdown	-0.08	2.74	-2.82
Martin ratio: Return relative to average drawdown	-0.20	7.20	-7.41

TYD vs. BNKU - Sharpe Ratio Comparison

The current TYD Sharpe Ratio is -0.08, which is lower than the BNKU Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of TYD and BNKU, 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

TYD vs. BNKU - Drawdown Comparison

The maximum TYD drawdown since its inception was -64.28%, which is greater than BNKU's maximum drawdown of -61.21%. Use the drawdown chart below to compare losses from any high point for TYD and BNKU.

Drawdown Indicators

	TYD	BNKU	Difference
Max Drawdown Largest peak-to-trough decline	-64.28%	-61.21%	-3.07%
Max Drawdown (1Y) Largest decline over 1 year	-13.54%	-40.97%	+27.43%
Max Drawdown (3Y) Largest decline over 3 years	-24.62%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-59.84%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-64.28%	—	—
Current Drawdown Current decline from peak	-59.06%	-2.63%	-56.43%
Average Drawdown Average peak-to-trough decline	-22.00%	-18.05%	-3.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.30%	15.55%	-10.25%

Volatility

TYD vs. BNKU - Volatility Comparison

The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 4.49%, while MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) has a volatility of 15.55%. This indicates that TYD 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.

Volatility by Period

	TYD	BNKU	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.49%	15.55%	-11.06%
Volatility (6M) Calculated over the trailing 6-month period	9.76%	45.72%	-35.96%
Volatility (1Y) Calculated over the trailing 1-year period	13.86%	57.72%	-43.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.97%	73.10%	-50.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.36%	73.10%	-52.74%

TYD vs. BNKU - Expense Ratio Comparison

TYD has a 1.09% expense ratio, which is higher than BNKU's 0.95% expense ratio.

Dividends

TYD vs. BNKU - Dividend Comparison

TYD's dividend yield for the trailing twelve months is around 3.22%, while BNKU has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
TYD Direxion Daily 7-10 Year Treasury Bull 3X	3.22%	2.97%	3.10%	2.71%	0.55%	0.00%	9.80%	0.92%	1.10%	0.01%	6.84%	1.65%

Frequently Asked Questions

Can I hold both TYD and BNKU in my portfolio?

TYD and BNKU have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TYD or BNKU?

BNKU has higher volatility (15.55%) compared to TYD (4.49%). In terms of maximum drawdown, TYD dropped -64.28% vs BNKU's -61.21%.

Which ETF is better, TYD or BNKU?

On 1-year performance, BNKU leads with 111.56% vs -1.08% for TYD. On fees, BNKU is cheaper at 0.95% per year. On volatility, TYD has been the lower-risk option at 4.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TYD or BNKU?

Over the 1-year period, BNKU has performed better with a 111.56% return vs -1.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TYD or BNKU?

BNKU is cheaper with a 0.95% expense ratio, compared with 1.09% for TYD.

Which ETF pays a higher dividend yield, TYD or BNKU?

TYD has the higher dividend yield at 3.22%, compared with 0.00% for BNKU.

What is the main difference between TYD and BNKU?

TYD is categorized as Leveraged Bonds, while BNKU is Leveraged Equities. TYD tracks NYSE 7-10 Year Treasury Bond Index, while BNKU tracks Solactive MicroSectors U.S. Big Banks Index (-300%). They also come from different issuers: Direxion and Bank of Montreal. Their fees differ too: 1.09% for TYD and 0.95% for BNKU.

Which has better risk-adjusted returns?

BNKU currently has the higher Sharpe Ratio (1.94 vs -0.08), 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.