DK vs. SHNY

Last updated Apr 2, 2026

Compare and contrast key facts about Delek US Holdings, Inc. (DK) and MicroSectors Gold 3X Leveraged ETN (SHNY).

SHNY is managed by BMO. It was launched on Feb 24, 2023.

Performance

DK vs. SHNY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Delek US Holdings, Inc. (DK) and MicroSectors Gold 3X Leveraged ETN (SHNY). The values are adjusted to include any dividend payments, if applicable.

DK vs. SHNY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DK Delek US Holdings, Inc.	50.67%	68.73%	-24.98%	2.52%
SHNY MicroSectors Gold 3X Leveraged ETN	11.56%	214.54%	50.30%	12.52%

Returns By Period

In the year-to-date period, DK achieves a 50.67% return, which is significantly higher than SHNY's 11.56% return.

DK

• 1D: -1.51%
• 1M: 7.38%
• YTD: 50.67%
• 6M: 38.44%
• 1Y: 199.06%
• 3Y*: 30.18%
• 5Y*: 17.44%
• 10Y*: 15.49%

SHNY

• 1D: 5.04%
• 1M: -32.72%
• YTD: 11.56%
• 6M: 39.19%
• 1Y: 123.55%
• 3Y*: 69.59%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

DK vs. SHNY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DK

DK Risk / Return Rank: 94
DK Sharpe Ratio Rank: 97
DK Sortino Ratio Rank: 94
DK Omega Ratio Rank: 92
DK Calmar Ratio Rank: 95
DK Martin Ratio Rank: 93

SHNY

SHNY Risk / Return Rank: 74
SHNY Sharpe Ratio Rank: 78
SHNY Sortino Ratio Rank: 75
SHNY Omega Ratio Rank: 74
SHNY Calmar Ratio Rank: 79
SHNY Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DK vs. SHNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Delek US Holdings, Inc. (DK) and MicroSectors Gold 3X Leveraged ETN (SHNY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	DK	SHNY	Difference
Sharpe ratio Return per unit of total volatility	3.27	1.51	+1.76
Sortino ratio Return per unit of downside risk	3.43	1.94	+1.49
Omega ratio Gain probability vs. loss probability	1.44	1.29	+0.15
Calmar ratio Return relative to maximum drawdown	5.75	2.24	+3.51
Martin ratio Return relative to average drawdown	14.41	6.74	+7.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DK vs. SHNY - Sharpe Ratio Comparison

The current DK Sharpe Ratio is 3.27, which is higher than the SHNY Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of DK and SHNY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DK	SHNY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.27	1.51	+1.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	1.34	-1.19

Correlation

The correlation between DK and SHNY is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

DK vs. SHNY - Dividend Comparison

DK's dividend yield for the trailing twelve months is around 2.30%, while SHNY has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DK Delek US Holdings, Inc.	2.30%	3.44%	5.43%	3.59%	2.26%	0.00%	5.79%	3.40%	2.95%	1.72%	2.49%	2.85%
SHNY MicroSectors Gold 3X Leveraged ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

DK vs. SHNY - Drawdown Comparison

The maximum DK drawdown since its inception was -86.89%, which is greater than SHNY's maximum drawdown of -54.35%. Use the drawdown chart below to compare losses from any high point for DK and SHNY.

Drawdown Indicators

	DK	SHNY	Difference
Max Drawdown Largest peak-to-trough decline	-86.89%	-54.35%	-32.54%
Max Drawdown (1Y) Largest decline over 1 year	-36.02%	-54.35%	+18.33%
Max Drawdown (5Y) Largest decline over 5 years	-63.60%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-84.25%	—	—
Current Drawdown Current decline from peak	-6.41%	-41.30%	+34.89%
Average Drawdown Average peak-to-trough decline	-43.79%	-13.16%	-30.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.38%	18.10%	-3.72%

Volatility

DK vs. SHNY - Volatility Comparison

The current volatility for Delek US Holdings, Inc. (DK) is 18.02%, while MicroSectors Gold 3X Leveraged ETN (SHNY) has a volatility of 31.37%. This indicates that DK experiences smaller price fluctuations and is considered to be less risky than SHNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DK	SHNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.02%	31.37%	-13.35%
Volatility (6M) Calculated over the trailing 6-month period	36.88%	74.62%	-37.74%
Volatility (1Y) Calculated over the trailing 1-year period	61.31%	82.54%	-21.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.34%	58.30%	-5.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.22%	58.30%	-2.08%