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.
BMO Capital Markets · Since 2025 (1 year)
0.35%
#1517 out of 5,332 ETFs
$2M
#5128 out of 5,332 ETFs
0.00%
1 year
#4269 out of 5,332 ETFs
Performance
1 Year
-73.5%
3 Years
N/A
5 Years
N/A
What's inside
Top holdings
Risk profile
58.1%
High
-84.3%
Worst peak-to-trough loss
N/A
N/A
Similar ETFs
Our 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=leveraged + 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=leveraged + 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
Data updated on 2026-05-05