WEBL vs. BNKU

Last updated Jul 22, 2026

WEBL (Daily Dow Jones Internet Bull 3X Shares) and BNKU (MicroSectors U.S. Big Banks Index 3X Leveraged ETNs) are both Leveraged Equities funds - WEBL tracks the Dow Jones Internet Composite Index (300%) while BNKU tracks the Solactive MicroSectors U.S. Big Banks Index (-300%). Both are passively managed. Over the past year, WEBL returned -19.70% vs 89.64% for BNKU. A 0.52 correlation means they provide meaningful diversification when combined. WEBL charges 1.17%/yr vs 0.95%/yr for BNKU.

Performance

WEBL vs. BNKU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Daily Dow Jones Internet Bull 3X Shares (WEBL) 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, WEBL achieves a -11.51% return, which is significantly lower than BNKU's 31.16% return.

WEBL

• 1D: -0.86%
• 1M: 3.14%
• 6M: 4.09%
• YTD: -11.51%
• 1Y: -19.70%
• 3Y*: 25.10%
• 5Y*: -22.59%
• 10Y*: —
• ALL TIME*: 0.07%

BNKU

• 1D: 3.44%
• 1M: 12.79%
• 6M: 32.85%
• YTD: 31.16%
• 1Y: 89.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 49.82%

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

WEBL vs. BNKU - Yearly Performance Comparison

	2026 (YTD)	2025
WEBL Daily Dow Jones Internet Bull 3X Shares	-11.51%	-16.68%
BNKU MicroSectors U.S. Big Banks Index 3X Leveraged ETNs	31.16%	34.97%

Correlation

The correlation between WEBL and BNKU is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.52

The correlation between WEBL and BNKU shifts across timeframes, from 0.39 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.

WEBL vs. BNKU - Sectors Allocation Comparison

Sectors	WEBL	BNKU
Technology	8.5%	-
Communication Services	5.0%	-
Consumer Cyclical	4.1%	-
Financial Services	0.4%	100.0%
Healthcare	0.2%	-
Industrials	0.2%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

WEBL vs. BNKU — Risk / Return Rank

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

WEBL

WEBL Risk / Return Rank: 7
WEBL Sharpe Ratio Rank: 7
WEBL Sortino Ratio Rank: 8
WEBL Omega Ratio Rank: 8
WEBL Calmar Ratio Rank: 7
WEBL Martin Ratio Rank: 7

BNKU

BNKU Risk / Return Rank: 55
BNKU Sharpe Ratio Rank: 62
BNKU Sortino Ratio Rank: 54
BNKU Omega Ratio Rank: 54
BNKU Calmar Ratio Rank: 58
BNKU Martin Ratio Rank: 47

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.

WEBL vs. BNKU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bull 3X Shares (WEBL) 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.

	WEBL	BNKU	Difference
Sharpe ratio: Return per unit of total volatility	-0.33	1.53	-1.87
Sortino ratio: Return per unit of downside risk	-0.10	2.01	-2.10
Omega ratio: Gain probability vs. loss probability	0.99	1.26	-0.27
Calmar ratio: Return relative to maximum drawdown	-0.35	2.20	-2.55
Martin ratio: Return relative to average drawdown	-0.70	5.78	-6.47

WEBL vs. BNKU - Sharpe Ratio Comparison

The current WEBL Sharpe Ratio is -0.33, which is lower than the BNKU Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of WEBL 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

WEBL vs. BNKU - Drawdown Comparison

The maximum WEBL drawdown since its inception was -94.44%, which is greater than BNKU's maximum drawdown of -61.21%. Use the drawdown chart below to compare losses from any high point for WEBL and BNKU.

Drawdown Indicators

	WEBL	BNKU	Difference
Max Drawdown Largest peak-to-trough decline	-94.44%	-61.21%	-33.23%
Max Drawdown (1Y) Largest decline over 1 year	-56.57%	-40.97%	-15.60%
Max Drawdown (3Y) Largest decline over 3 years	-60.82%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-94.44%	—	—
Current Drawdown Current decline from peak	-73.95%	-6.30%	-67.65%
Average Drawdown Average peak-to-trough decline	-59.13%	-16.98%	-42.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.27%	15.57%	+12.70%

Volatility

WEBL vs. BNKU - Volatility Comparison

The current volatility for Daily Dow Jones Internet Bull 3X Shares (WEBL) is 15.82%, while MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) has a volatility of 17.24%. This indicates that WEBL 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

	WEBL	BNKU	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.82%	17.24%	-1.42%
Volatility (6M) Calculated over the trailing 6-month period	47.69%	46.55%	+1.14%
Volatility (1Y) Calculated over the trailing 1-year period	59.30%	58.83%	+0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.11%	72.17%	+8.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.56%	72.17%	+10.39%

WEBL vs. BNKU - Expense Ratio Comparison

WEBL has a 1.17% expense ratio, which is higher than BNKU's 0.95% expense ratio.

Dividends

WEBL vs. BNKU - Dividend Comparison

WEBL's dividend yield for the trailing twelve months is around 0.18%, while BNKU has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
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%
WEBL Daily Dow Jones Internet Bull 3X Shares	0.18%	0.25%	0.00%	0.00%	0.00%	4.79%	0.00%	0.06%

Frequently Asked Questions

Can I hold both WEBL and BNKU in my portfolio?

WEBL and BNKU have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WEBL or BNKU?

BNKU has higher volatility (17.24%) compared to WEBL (15.82%). In terms of maximum drawdown, WEBL dropped -94.44% vs BNKU's -61.21%.

Which ETF is better, WEBL or BNKU?

On 1-year performance, BNKU leads with 89.64% vs -19.70% for WEBL. On fees, BNKU is cheaper at 0.95% per year. On volatility, WEBL has been the lower-risk option at 15.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WEBL or BNKU?

Over the 1-year period, BNKU has performed better with a 89.64% return vs -19.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WEBL or BNKU?

BNKU is cheaper with a 0.95% expense ratio, compared with 1.17% for WEBL.

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

WEBL has the higher dividend yield at 0.18%, compared with 0.00% for BNKU.

What is the main difference between WEBL and BNKU?

WEBL tracks Dow Jones Internet Composite Index (300%), 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: 1.17% for WEBL and 0.95% for BNKU.

Which has better risk-adjusted returns?

BNKU currently has the higher Sharpe Ratio (1.53 vs -0.33), 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.