SHNY vs. BABX
Compare and contrast key facts about MicroSectors Gold 3X Leveraged ETN (SHNY) and GraniteShares 2x Long BABA Daily ETF (BABX).
SHNY and BABX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SHNY is managed by BMO. It was launched on Feb 24, 2023. BABX is an actively managed fund by GraniteShares. It was launched on Dec 12, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHNY or BABX.
Correlation
The correlation between SHNY and BABX is 0.07, 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.
Performance
SHNY vs. BABX - Performance Comparison
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Key characteristics
SHNY:
1.78
BABX:
0.95
SHNY:
2.21
BABX:
1.97
SHNY:
1.28
BABX:
1.25
SHNY:
3.86
BABX:
1.64
SHNY:
8.61
BABX:
3.62
SHNY:
10.62%
BABX:
30.82%
SHNY:
52.99%
BABX:
93.42%
SHNY:
-37.84%
BABX:
-70.62%
SHNY:
-16.97%
BABX:
-25.41%
Returns By Period
In the year-to-date period, SHNY achieves a 67.70% return, which is significantly lower than BABX's 107.52% return.
SHNY
67.70%
-2.89%
65.39%
93.39%
N/A
N/A
BABX
107.52%
45.70%
72.84%
87.49%
N/A
N/A
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SHNY vs. BABX - Expense Ratio Comparison
SHNY has a 0.95% expense ratio, which is lower than BABX's 1.15% expense ratio.
Risk-Adjusted Performance
SHNY vs. BABX — Risk-Adjusted Performance Rank
SHNY
BABX
SHNY vs. BABX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold 3X Leveraged ETN (SHNY) and GraniteShares 2x Long BABA Daily ETF (BABX). 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.
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Dividends
SHNY vs. BABX - Dividend Comparison
Neither SHNY nor BABX has paid dividends to shareholders.
Drawdowns
SHNY vs. BABX - Drawdown Comparison
The maximum SHNY drawdown since its inception was -37.84%, smaller than the maximum BABX drawdown of -70.62%. Use the drawdown chart below to compare losses from any high point for SHNY and BABX. For additional features, visit the drawdowns tool.
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Volatility
SHNY vs. BABX - Volatility Comparison
MicroSectors Gold 3X Leveraged ETN (SHNY) and GraniteShares 2x Long BABA Daily ETF (BABX) have volatilities of 25.80% and 25.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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