MicroSectors U.S. Big Banks -3x Inverse… (BNKD) Performance
BNKD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −25.5% since Dec 31, 2025
- 1 year
- −48.2% total return
- Since first price
- −71.7% since 2025
BNKD trailing returns vs SPY, QQQ, AGG
| Period | BNKD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +13.4% | +13.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +33.2% | +33.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −11.9% | −11.9% | +7.8% | +8.4% | −1.5% |
| YTD | −25.5% | −25.5% | +12.3% | +15.1% | −1.0% |
| 1 year | −48.2% | −48.2% | +14.4% | +15.9% | −1.1% |
| Since inceptionFeb 20, 2025 | −71.7% | −71.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: BNKD vs SPY
From Feb 20, 2025: BNKD grew to $2,826, SPY to $12,695.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BNKD returns by calendar year
2026 is year to date.
BNKD annual returns table
| Year | BNKD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −25.5% | −59.9% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
BNKD largest drawdowns
Now 85.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Apr 4, 2025 | −90.2% | Aug 14, 2026 | not yet | 1.4 years | 1.6 years so far |
| Mar 13, 2025 | −24.0% | Mar 25, 2025 | Apr 3, 2025 | 12 days | 21 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
BNKD risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −57.3% |
| Volatility (annualized) | 53.0% |
| Sharpe ratio | -1.38 |
| Sortino ratio | -1.61 |
| Best month | +28.5% |
| Worst month | −24.4% |
| Best 12 months | −47.5% |
| Worst 12 months | −73.9% |
| Positive months | 21% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
BNKD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 9 | −73.9% | −64.9% | −43.9% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
BNKD performance overview
MicroSectors U.S. Big Banks -3x Inverse… (BNKD) returned −48.2% over the past year, with distributions reinvested. Since its first recorded price on Feb 20, 2025 it has returned −71.7%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −90.2%, from Apr 4, 2025 to Aug 14, 2026; the fund has not yet regained that high. Volatility has been 53.0% a year.
Related: BNKD chart, BNKD holdings, BNKD valuation. See the BNKD overview for the latest quote and fund facts.
BNKD performance FAQ
What is the BNKD return over the past year?
BNKD returned −48.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 48.2%.
How much would $10,000 invested in BNKD be worth?
$10,000 invested in BNKD at its first recorded close on February 20, 2025 would be worth about $2,826 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of BNKD?
The largest peak-to-trough decline was −90.2% between April 4, 2025 and August 14, 2026. It has not yet recovered to that high; it is 85.4% below its peak.
How volatile is BNKD?
Over the past history BNKD had an annualized volatility of 53.0% and a Sharpe ratio of -1.38 (excess return over 1–3 month T-bills per unit of risk).