JNUG vs. SHNY
Compare and contrast key facts about Direxion Daily Junior Gold Miners Index Bull 2x Shares (JNUG) and MicroSectors Gold 3X Leveraged ETN (SHNY).
JNUG and SHNY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JNUG is a passively managed fund by Direxion that tracks the performance of the MVIS Global Junior Gold Miners Index (300%). It was launched on Apr 1, 2020. SHNY is managed by BMO. It was launched on Feb 24, 2023.
Performance
JNUG vs. SHNY - Performance Comparison
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JNUG vs. SHNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JNUG Direxion Daily Junior Gold Miners Index Bull 2x Shares | 5.31% | 478.59% | 9.96% | 11.16% |
SHNY MicroSectors Gold 3X Leveraged ETN | 11.56% | 214.54% | 50.30% | 12.52% |
Returns By Period
In the year-to-date period, JNUG achieves a 5.31% return, which is significantly lower than SHNY's 11.56% return.
JNUG
- 1D
- 8.45%
- 1M
- -38.19%
- YTD
- 5.31%
- 6M
- 31.78%
- 1Y
- 260.81%
- 3Y*
- 75.93%
- 5Y*
- 22.35%
- 10Y*
- -17.11%
SHNY
- 1D
- 5.04%
- 1M
- -32.72%
- YTD
- 11.56%
- 6M
- 39.19%
- 1Y
- 123.55%
- 3Y*
- 69.59%
- 5Y*
- —
- 10Y*
- —
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JNUG vs. SHNY - Expense Ratio Comparison
JNUG has a 1.17% expense ratio, which is higher than SHNY's 0.95% expense ratio.
Return for Risk
JNUG vs. SHNY — Risk / Return Rank
JNUG
SHNY
JNUG vs. SHNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Junior Gold Miners Index Bull 2x Shares (JNUG) 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.
| JNUG | SHNY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.59 | 1.51 | +1.09 |
Sortino ratioReturn per unit of downside risk | 2.54 | 1.94 | +0.59 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.29 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 4.56 | 2.24 | +2.32 |
Martin ratioReturn relative to average drawdown | 13.98 | 6.74 | +7.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JNUG | SHNY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.59 | 1.51 | +1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.28 | 1.34 | -1.62 |
Correlation
The correlation between JNUG and SHNY is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
JNUG vs. SHNY - Dividend Comparison
JNUG's dividend yield for the trailing twelve months is around 1.17%, while SHNY has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JNUG Direxion Daily Junior Gold Miners Index Bull 2x Shares | 1.17% | 1.04% | 2.01% | 1.62% | 0.00% | 0.52% | 0.10% | 0.46% | 0.06% | 0.51% |
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% |
Drawdowns
JNUG vs. SHNY - Drawdown Comparison
The maximum JNUG drawdown since its inception was -99.95%, which is greater than SHNY's maximum drawdown of -54.35%. Use the drawdown chart below to compare losses from any high point for JNUG and SHNY.
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Drawdown Indicators
| JNUG | SHNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.95% | -54.35% | -45.60% |
Max Drawdown (1Y)Largest decline over 1 year | -56.39% | -54.35% | -2.04% |
Max Drawdown (5Y)Largest decline over 5 years | -81.66% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.66% | — | — |
Current DrawdownCurrent decline from peak | -99.42% | -41.30% | -58.12% |
Average DrawdownAverage peak-to-trough decline | -93.81% | -13.16% | -80.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.39% | 18.10% | +0.29% |
Volatility
JNUG vs. SHNY - Volatility Comparison
Direxion Daily Junior Gold Miners Index Bull 2x Shares (JNUG) has a higher volatility of 39.41% compared to MicroSectors Gold 3X Leveraged ETN (SHNY) at 31.37%. This indicates that JNUG's price experiences larger fluctuations and is considered to be riskier than SHNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JNUG | SHNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 39.41% | 31.37% | +8.04% |
Volatility (6M)Calculated over the trailing 6-month period | 86.72% | 74.62% | +12.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 101.25% | 82.54% | +18.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.31% | 58.30% | +21.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 108.99% | 58.30% | +50.69% |