MicroSectors Gold 3X Leveraged ETN (SHNY)
The MicroSectors™ Gold 3X Leveraged ETNs aim to deliver thrice the daily performance of the SPDR® Gold Trust, minus fees. The underlying ETF seeks to mirror the price performance of gold bullion.
ETF Info
063679526
Feb 24, 2023
3x
Expense Ratio
SHNY has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in MicroSectors Gold 3X Leveraged ETN, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
MicroSectors Gold 3X Leveraged ETN had a return of 35.14% year-to-date (YTD) and 123.65% in the last 12 months.
SHNY
35.14%
25.64%
37.70%
123.65%
N/A
N/A
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of SHNY, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 19.30% | 35.14% | |||||||||||
| 2024 | -6.38% | -0.79% | 25.42% | 6.33% | 1.92% | -2.91% | 13.75% | 3.74% | 13.49% | 11.04% | -11.91% | -6.38% | 50.30% |
| 2023 | -0.06% | 21.74% | 0.58% | -6.36% | -8.56% | 4.67% | -5.81% | -15.41% | 20.52% | 5.30% | 1.46% | 12.52% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 89, SHNY is among the top 11% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MicroSectors Gold 3X Leveraged ETN (SHNY) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the MicroSectors Gold 3X Leveraged ETN. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MicroSectors Gold 3X Leveraged ETN was 37.84%, occurring on Oct 5, 2023. Recovery took 121 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -37.84% | Apr 14, 2023 | 121 | Oct 5, 2023 | 121 | Apr 1, 2024 | 242 |
| -23.68% | Oct 31, 2024 | 12 | Nov 15, 2024 | 56 | Feb 10, 2025 | 68 |
| -18.11% | May 21, 2024 | 25 | Jun 26, 2024 | 36 | Aug 16, 2024 | 61 |
| -13.12% | Apr 17, 2024 | 10 | Apr 30, 2024 | 13 | May 17, 2024 | 23 |
| -7.97% | Sep 27, 2024 | 9 | Oct 9, 2024 | 6 | Oct 17, 2024 | 15 |
Volatility
Volatility Chart
The current MicroSectors Gold 3X Leveraged ETN volatility is 11.59%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.