SHNY vs. FLRT
SHNY (MicroSectors Gold 3X Leveraged ETN) and FLRT (Pacific Global Senior Loan ETF) are both exchange-traded funds - SHNY is a Leveraged Commodities fund managed by BMO, while FLRT is a High Yield Bonds fund actively managed by Pacific Life. Over the past 3 years, SHNY returned 59.66%/yr vs 8.90%/yr for FLRT. At a 0.02 correlation, their price movements are largely independent. SHNY charges 0.95%/yr vs 0.69%/yr for FLRT.
Performance
SHNY vs. FLRT - Performance Comparison
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Returns By Period
In the year-to-date period, SHNY achieves a -14.45% return, which is significantly lower than FLRT's 1.83% return.
SHNY
- 1D
- -3.20%
- 1M
- -7.37%
- YTD
- -14.45%
- 6M
- -10.44%
- 1Y
- 49.39%
- 3Y*
- 59.66%
- 5Y*
- —
- 10Y*
- —
FLRT
- 1D
- -0.15%
- 1M
- 0.90%
- YTD
- 1.83%
- 6M
- 2.55%
- 1Y
- 6.08%
- 3Y*
- 8.90%
- 5Y*
- 5.98%
- 10Y*
- 5.00%
SHNY vs. FLRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SHNY MicroSectors Gold 3X Leveraged ETN | -14.45% | 214.54% | 50.30% | 12.52% |
FLRT Pacific Global Senior Loan ETF | 1.83% | 6.24% | 9.18% | 11.22% |
Correlation
The correlation between SHNY and FLRT is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2023 | 0.02 |
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Return for Risk
SHNY vs. FLRT — Risk / Return Rank
SHNY
FLRT
SHNY vs. FLRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold 3X Leveraged ETN (SHNY) and Pacific Global Senior Loan ETF (FLRT). 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.
| SHNY | FLRT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.25 | ||
| Sortino ratioReturn per unit of downside risk | -4.79 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.95 | -0.76 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | 3.43 | -2.53 |
| Martin ratioReturn relative to average drawdown | 1.93 | 12.62 | -10.69 |
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
| SHNY | FLRT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 3.89 | -3.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 2.61 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.81 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.75 | +0.26 |
Drawdowns
SHNY vs. FLRT - Drawdown Comparison
The maximum SHNY drawdown since its inception was -54.99%, which is greater than FLRT's maximum drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for SHNY and FLRT.
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Drawdown Indicators
| SHNY | FLRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.99% | -20.96% | -34.03% |
Max Drawdown (1Y)Largest decline over 1 year | -54.99% | -1.78% | -53.21% |
Max Drawdown (3Y)Largest decline over 3 years | -54.99% | -2.87% | -52.12% |
Max Drawdown (5Y)Largest decline over 5 years | — | -7.60% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.96% | — |
Current DrawdownCurrent decline from peak | -54.99% | -0.15% | -54.84% |
Average DrawdownAverage peak-to-trough decline | -14.94% | -1.41% | -13.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.66% | 0.48% | +25.18% |
Volatility
SHNY vs. FLRT - Volatility Comparison
MicroSectors Gold 3X Leveraged ETN (SHNY) has a higher volatility of 16.40% compared to Pacific Global Senior Loan ETF (FLRT) at 0.40%. This indicates that SHNY's price experiences larger fluctuations and is considered to be riskier than FLRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHNY | FLRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.40% | 0.40% | +16.00% |
Volatility (6M)Calculated over the trailing 6-month period | 70.87% | 1.19% | +69.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 78.80% | 1.57% | +77.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.36% | 2.30% | +56.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.36% | 6.17% | +52.19% |
SHNY vs. FLRT - Expense Ratio Comparison
SHNY has a 0.95% expense ratio, which is higher than FLRT's 0.69% expense ratio.
Dividends
SHNY vs. FLRT - Dividend Comparison
SHNY has not paid dividends to shareholders, while FLRT's dividend yield for the trailing twelve months is around 6.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRT Pacific Global Senior Loan ETF | 6.81% | 6.93% | 7.93% | 8.40% | 5.81% | 3.16% | 3.52% | 4.30% | 3.95% | 3.20% | 3.38% | 3.21% |
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 FLRT have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHNY has higher volatility (16.40%) compared to FLRT (0.40%). In terms of maximum drawdown, SHNY dropped -54.99% vs FLRT's -20.96%.
On 3-year performance, SHNY leads with 59.66% vs 8.90% for FLRT. On fees, FLRT is cheaper at 0.69% per year. On volatility, FLRT has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SHNY has performed better with a 59.66% return vs 8.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLRT is cheaper with a 0.69% expense ratio, compared with 0.95% for SHNY.
FLRT has the higher dividend yield at 6.81%, compared with 0.00% for SHNY.
SHNY is categorized as Leveraged Commodities, while FLRT is High Yield Bonds. They also come from different issuers: BMO and Pacific Life. Their fees differ too: 0.95% for SHNY and 0.69% for FLRT.
FLRT currently has the higher Sharpe Ratio (3.89 vs 0.63), 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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