SHNY vs. GDXU
Compare and contrast key facts about MicroSectors Gold 3X Leveraged ETN (SHNY) and MicroSectors Gold Miners 3X Leveraged ETN (GDXU).
SHNY and GDXU 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. GDXU is a passively managed fund by BMO Financial Group that tracks the performance of the S-Network MicroSectors Gold Miners Index. It was launched on Dec 2, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHNY or GDXU.
Correlation
The correlation between SHNY and GDXU is 0.79, 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.
Performance
SHNY vs. GDXU - Performance Comparison
Key characteristics
SHNY:
2.69
GDXU:
1.19
SHNY:
2.88
GDXU:
1.88
SHNY:
1.38
GDXU:
1.23
SHNY:
5.18
GDXU:
1.21
SHNY:
11.88
GDXU:
4.30
SHNY:
10.33%
GDXU:
26.60%
SHNY:
45.67%
GDXU:
95.86%
SHNY:
-37.84%
GDXU:
-94.39%
SHNY:
-0.46%
GDXU:
-86.00%
Returns By Period
In the year-to-date period, SHNY achieves a 34.61% return, which is significantly lower than GDXU's 60.63% return.
SHNY
34.61%
17.90%
37.92%
123.09%
N/A
N/A
GDXU
60.63%
22.74%
-7.54%
124.24%
N/A
N/A
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SHNY vs. GDXU - Expense Ratio Comparison
Both SHNY and GDXU have an expense ratio of 0.95%.
Risk-Adjusted Performance
SHNY vs. GDXU — Risk-Adjusted Performance Rank
SHNY
GDXU
SHNY vs. GDXU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold 3X Leveraged ETN (SHNY) and MicroSectors Gold Miners 3X Leveraged ETN (GDXU). 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.
Dividends
SHNY vs. GDXU - Dividend Comparison
Neither SHNY nor GDXU has paid dividends to shareholders.
Drawdowns
SHNY vs. GDXU - Drawdown Comparison
The maximum SHNY drawdown since its inception was -37.84%, smaller than the maximum GDXU drawdown of -94.39%. Use the drawdown chart below to compare losses from any high point for SHNY and GDXU. For additional features, visit the drawdowns tool.
Volatility
SHNY vs. GDXU - Volatility Comparison
The current volatility for MicroSectors Gold 3X Leveraged ETN (SHNY) is 11.11%, while MicroSectors Gold Miners 3X Leveraged ETN (GDXU) has a volatility of 26.16%. This indicates that SHNY experiences smaller price fluctuations and is considered to be less risky than GDXU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.