BNKDMicroSectors™ U.S. Big Banks -3x Inverse Leveraged ETNs
Seeks to provide -3X leveraged inverse exposure to the Solactive MicroSectors U.S. Big Banks Index.
By BMO Capital Markets · Launched 2025
0.35%
#1,706 of 5,562 · low cost
$1M
#5,423 of 5,562 · small
-71.9%
1 year
#4,187 of 5,562 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
EquityRegion
North americaStrategy
Inverse
Sector
FinancialsIndex tracked
Solactive MicroSectors US Big Banks Index
What it actually holds
By weightConcentration
Top 10 holdings = 100.0% of fundconcentrated
Asset allocation
By sector
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks to provide -3X leveraged inverse exposure to the Solactive MicroSectors U.S. Big Banks Index.
- Strategy
- Provides -3X leveraged inverse exposure to the Solactive MicroSectors U.S. Big Banks Index, which tracks the performance of the largest U.S. banking stocks.
- Inception date
- February 20, 2025
- Fund family
- BMO Capital Markets
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Leveraged ETF — not a long-term hold
This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.
Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)
Why we flagged this: strategy=inverse + leveraged_name_or_strategy
Inverse ETF — daily tool only
Delivers the inverse of the benchmark's daily return. The compounding path makes multi-day holding unpredictable even when the benchmark's total move goes your way. Legitimate as a one-day hedge; dangerous as a view.
Source: Cheng & Madhavan (2009)
Why we flagged this: strategy=inverse + inverse_name_or_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
What's next?
You've reviewed BNKD. Save it to your watchlist to track it alongside the other funds you're weighing.
Data updated on 2026-06-19