SHNY vs. DK
SHNY (MicroSectors Gold 3X Leveraged ETN) is Leveraged Commodities fund managed by BMO, while DK (Delek US Holdings, Inc.) is a stock. Over the past 3 years, SHNY returned 49.33%/yr vs 28.63%/yr for DK. At a correlation of -0.02, they often move in opposite directions.
Performance
SHNY vs. DK - Performance Comparison
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Returns By Period
In the year-to-date period, SHNY achieves a -34.20% return, which is significantly lower than DK's 48.16% return.
SHNY
- 1D
- -5.70%
- 1M
- -27.06%
- YTD
- -34.20%
- 6M
- -42.91%
- 1Y
- 14.03%
- 3Y*
- 49.33%
- 5Y*
- —
- 10Y*
- —
DK
- 1D
- 1.24%
- 1M
- -0.62%
- YTD
- 48.16%
- 6M
- 47.46%
- 1Y
- 114.30%
- 3Y*
- 28.63%
- 5Y*
- 17.49%
- 10Y*
- 16.96%
SHNY vs. DK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SHNY MicroSectors Gold 3X Leveraged ETN | -34.20% | 214.54% | 50.30% | 10.98% |
DK Delek US Holdings, Inc. | 48.16% | 68.73% | -24.98% | 1.09% |
Correlation
The correlation between SHNY and DK is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2023 | -0.02 |
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Return for Risk
SHNY vs. DK — Risk / Return Rank
SHNY
DK
SHNY vs. DK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold 3X Leveraged ETN (SHNY) and Delek US Holdings, Inc. (DK). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SHNY | DK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.32 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.22 | 3.19 | -2.98 |
| Martin ratioReturn relative to average drawdown | 0.49 | 8.07 | -7.59 |
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Drawdowns
SHNY vs. DK - Drawdown Comparison
The maximum SHNY drawdown since its inception was -65.54%, smaller than the maximum DK drawdown of -86.89%. Use the drawdown chart below to compare losses from any high point for SHNY and DK.
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Drawdown Indicators
| SHNY | DK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.54% | -86.89% | +21.35% |
Max Drawdown (1Y)Largest decline over 1 year | -65.54% | -36.02% | -29.52% |
Max Drawdown (3Y)Largest decline over 3 years | -65.54% | -63.60% | -1.94% |
Max Drawdown (5Y)Largest decline over 5 years | — | -63.60% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -84.25% | — |
Current DrawdownCurrent decline from peak | -65.38% | -11.48% | -53.90% |
Average DrawdownAverage peak-to-trough decline | -15.65% | -43.39% | +27.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.98% | 14.21% | +14.77% |
Volatility
SHNY vs. DK - Volatility Comparison
MicroSectors Gold 3X Leveraged ETN (SHNY) has a higher volatility of 24.50% compared to Delek US Holdings, Inc. (DK) at 12.08%. This indicates that SHNY's price experiences larger fluctuations and is considered to be riskier than DK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHNY | DK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.50% | 12.08% | +12.42% |
Volatility (6M)Calculated over the trailing 6-month period | 74.44% | 39.97% | +34.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 81.62% | 57.04% | +24.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.25% | 52.61% | +6.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.25% | 56.44% | +2.81% |
Dividends
SHNY vs. DK - Dividend Comparison
SHNY has not paid dividends to shareholders, while DK's dividend yield for the trailing twelve months is around 2.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DK Delek US Holdings, Inc. | 2.35% | 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% |
Frequently Asked Questions
SHNY and DK have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHNY has higher volatility (24.50%) compared to DK (12.08%). In terms of maximum drawdown, SHNY dropped -65.54% vs DK's -86.89%.
DK currently has the higher Sharpe Ratio (2.02 vs 0.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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