BNKDMicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETN
BNKD Fund Description
BNKD tracks three times the inverse of the performance of an equal-weighted index of US large banks.
BNKD Factset Analytics Insight
BNKD is an inverse-leveraged take on US Big Banks. Specifically, the fund tracks three times the inverse of the underlying index, which selects the 10 largest qualifying stocks and evenly weights them. Note, however, that the product isn’t designed for long-term investors. The fund rebalances daily. As a result, compounding and path dependency make its long-term returns difficult to predict when compared to its underlying index.
BNKD Portfolio Data
BNKD Index Data
BNKD Fund Structure
BNKD Tax Exposures
BNKD Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of BNKD. BNKD is rated a N/A out of 5.