BNKU vs. FOVL ETF Comparison
Comparison of MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) to iShares Focused Value Factor ETF (FOVL)
BNKU
MicroSectors U.S. Big Banks Index 3X Leveraged ETNs
BNKU Description
The investment seeks to reflect a 3x leveraged long exposure to 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 performance of the index, compounded daily, less a Daily Investor Fee, the Daily Financing Charge 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
$27.45
Average Daily Volume
453,905
10
FOVL
iShares Focused Value Factor ETF
FOVL Description
The investment seeks to track the to track the investment results of the Focused Value Select Index, which is an objective, rules-based, equal-weighted equity index provided by FTSE Russell. The underlying index measures the performance of large- and mid-capitalization U.S. companies with prominent value factor characteristics, as determined by Russell. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified.Grade (RS Rating)
Last Trade
$58.48
Average Daily Volume
7,947
40
Performance
| Period | BNKU | FOVL |
|---|---|---|
| 30 Days | -1.52% | -2.85% |
| 60 Days | 10.69% | -0.05% |
| 90 Days | 17.34% | 3.19% |
| 12 Months | 41.89% | 15.82% |
1 Overlapping Holdings
| Symbol | Grade | Weight in BNKU | Weight in FOVL | Overlap | |
|---|---|---|---|---|---|
| JPM | B | 10.0% | 3.07% | 3.07% |
BNKU Underweight 39 Positions Relative to FOVL
| Symbol | Grade | Weight | |
|---|---|---|---|
| TOL | B | -3.44% | |
| PNFP | C | -3.21% | |
| BLDR | C | -3.15% | |
| IBKR | A | -3.08% | |
| CLF | B | -2.97% | |
| WLK | A | -2.97% | |
| FYBR | C | -2.95% | |
| COF | A | -2.94% | |
| SF | B | -2.85% | |
| WBS | C | -2.81% | |
| WTM | B | -2.8% | |
| SNV | C | -2.79% | |
| NUE | A | -2.74% | |
| AXS | B | -2.74% | |
| JHG | B | -2.69% | |
| FHB | C | -2.67% | |
| ORI | B | -2.64% | |
| FNB | C | -2.58% | |
| LYB | B | -2.56% | |
| KMI | A | -2.52% | |
| CNA | C | -2.52% | |
| AMG | B | -2.51% | |
| PFG | C | -2.44% | |
| T | C | -2.41% | |
| HPE | A | -2.41% | |
| THO | D | -2.39% | |
| DFS | A | -2.38% | |
| LPX | B | -2.35% | |
| STT | B | -2.28% | |
| CUZ | C | -2.25% | |
| AN | A | -2.16% | |
| AGR | A | -2.14% | |
| Z | F | -2.02% | |
| PNW | B | -2.01% | |
| ALK | A | -1.83% | |
| LSXMK | F | -1.8% | |
| SNDR | F | -1.73% | |
| UNM | B | -1.16% | |
| LLYVK | C | -0.74% |
BNKU: Top Represented Industries & Keywords
FOVL: Top Represented Industries & Keywords
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