BNKD vs. IAK ETF Comparison
Comparison of MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) to iShares U.S. Insurance ETF (IAK)
BNKD
MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs
BNKD Description
The investment seeks to provide a leveraged inverse return based on the performance of the Solactive MicroSectorsTM U.S. Big Banks Index. The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a three times leveraged participation in the inverse performance of the index, compounded daily, less a Daily Investor Fee, any negative Daily Interest and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent the 10 U.S. stocks with the largest market capitalization in the banking sector.
Grade (RS Rating)
Last Trade
$18.23
Average Daily Volume
53,265
10
IAK
iShares U.S. Insurance ETF
IAK Description
The investment seeks to track the investment results of an index composed of U.S. equities in the insurance sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Select Insurance Index (the "underlying index"), which measures the performance of the insurance sector of the U.S. equity market. The underlying index may include large-, mid- or small-capitalization companies, and components primarily include financial and insurance companies. The fund is non-diversified.Grade (RS Rating)
Last Trade
$130.87
Average Daily Volume
68,706
10
Performance
| Period | BNKD | IAK |
|---|---|---|
| 30 Days | -16.72% | 1.76% |
| 60 Days | -15.41% | 13.97% |
| 90 Days | -21.76% | 17.32% |
| 12 Months | -59.53% | 44.81% |
0 Overlapping Holdings
| Symbol | Grade | Weight in BNKD | Weight in IAK | Overlap |
|---|
BNKD: Top Represented Industries & Keywords
IAK: Top Represented Industries & Keywords
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