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MicroSectors™ U.S. Big Banks -3x Inverse Leveraged ETNs(BNKD)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for BNKD
10/08/2026: BNKD (1-star) has a low Upturn Star Rating. Not recommended to BUY.
BNKD is a -3x inverse leveraged ETN offering short-term, tactical exposure to the U.S. banking sector. By utilizing derivative swaps, it aims to deliver triple the inverse daily return of its underlying index. While it provides a convenient tool for hedging or short-term speculation, it is subject to severe volatility and compounding decay, rendering it inappropriate for long-term holding. Investors must monitor credit risk, sector-specific news, and market volatility closely while maintaining strict discipline in their exit strategy.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | This product is designed for short-term speculation, not long-term growth of capital. |
| Momentum investor | Strong fit while signal remains positive | Strong fit for tactical momentum traders looking to capitalize on downward trends in bank stocks. |
| Value investor | Weak fit | Value investors generally seek long-term fundamentals, whereas this instrument is a high-cost daily derivative vehicle. |
| Dividend/Income investor | Weak fit | This product does not pay dividends and is subject to decay, making it unsuitable for income generation. |
| Low-risk investor | Weak fit | The -3x leverage factor creates extreme volatility, which is the antithesis of low-risk investing. |
Investor Profile
Ideal Investor Profile
Sophisticated retail or institutional traders with a high tolerance for risk and a short-term investment horizon.
Suitability
Strictly for active traders; unsuitable for long-term investors due to daily reset mechanics.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | The -3x leverage magnifies daily price swings, leading to significant account fluctuations. |
| Market risk | High | The value is entirely dependent on the daily performance of the underlying U.S. banking index. |
| Concentration | High | Exposure is restricted to a narrow basket of large U.S. banks, increasing sensitivity to sector-specific shocks. |
| Tracking/expense | Medium / high | Daily rebalancing and leverage costs lead to performance drift over time. |
| Liquidity | Medium | Bid-ask spreads may widen during extreme market volatility, impacting execution costs. |
| Business/sector quality | High | Bank sector health is highly sensitive to macroeconomic shifts and interest rate environments. |
Risk Analysis
Volatility
Extremely high due to the -3x leverage factor and compounding effects.
Market Risk
Significant sensitivity to the U.S. banking sector; prolonged sector rallies can lead to near-total capital loss.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Derivatives | Solactive U.S. Big Banks Index -3x Daily Inverse Swap Agreements | 95 | This swap agreement is the core instrument that allows the ETN to provide -3x daily inverse exposure to the banking index. |
| Cash/collateral | Cash and Cash Equivalents | 5 | Cash is held as collateral to manage the ETN's derivative obligations and operational requirements. |
Price Behavior
Steep Decline
The stock price has dropped sharply with strong downward pressure.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type ETF | Historic Profit -0.62% | Avg. Invested days 13 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/08/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Oct 8, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $1.16M |
| Issuer | BMO Capital Markets |
| Distribution Yield | 0% |
| Inception | Feb 20, 2025 |
Performance
| Period | Total Return |
|---|---|
| YTD | -29.28% |
| 1 Year | -50.84% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 60.94% |
| 3Y Volatility | 0% |
| 3Y Sharpe Ratio | 0 |
Market Cap Distribution
| Cap Size | Weight |
|---|---|
| Large Cap | 69.72% |
| Mid Cap | 20.30% |
| Mega Cap | 9.98% |
Top Sectors
| Sector | Weight |
|---|---|
| Financial Services | 100.00% |
| Basic Materials | 0.00% |
| Consumer Cyclicals | 0.00% |
| Real Estate | 0.00% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|---|
| Portfolio P/E | 11.42x |
| Portfolio P/B | 1.67x |
| Portfolio P/S | 3.31x |
| Distribution Yield | 0% |
Top Holdings
| Holding | Weight |
|---|---|
| Citigroup | 10.30% |
| U.S. Bancorp | 10.17% |
| Goldman Sachs Group | 10.06% |
| JPMorgan Chase & | 10.06% |
| Wells Fargo & | 10.00% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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