SHNY vs. GLDM
Compare and contrast key facts about MicroSectors Gold 3X Leveraged ETN (SHNY) and SPDR Gold MiniShares Trust (GLDM).
SHNY and GLDM 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. GLDM is a passively managed fund by State Street that tracks the performance of the LBMA Gold PM Price. It was launched on Jun 25, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHNY or GLDM.
Correlation
The correlation between SHNY and GLDM 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. GLDM - Performance Comparison
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Key characteristics
SHNY:
1.78
GLDM:
2.22
SHNY:
2.21
GLDM:
2.92
SHNY:
1.28
GLDM:
1.37
SHNY:
3.86
GLDM:
4.75
SHNY:
8.61
GLDM:
12.61
SHNY:
10.62%
GLDM:
3.05%
SHNY:
52.99%
GLDM:
17.68%
SHNY:
-37.84%
GLDM:
-21.63%
SHNY:
-16.97%
GLDM:
-5.13%
Returns By Period
In the year-to-date period, SHNY achieves a 67.70% return, which is significantly higher than GLDM's 23.75% return.
SHNY
67.70%
-2.89%
65.39%
93.39%
N/A
N/A
GLDM
23.75%
0.52%
24.88%
38.81%
13.30%
N/A
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SHNY vs. GLDM - Expense Ratio Comparison
SHNY has a 0.95% expense ratio, which is higher than GLDM's 0.18% expense ratio.
Risk-Adjusted Performance
SHNY vs. GLDM — Risk-Adjusted Performance Rank
SHNY
GLDM
SHNY vs. GLDM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold 3X Leveraged ETN (SHNY) and SPDR Gold MiniShares Trust (GLDM). 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. GLDM - Dividend Comparison
Neither SHNY nor GLDM has paid dividends to shareholders.
Drawdowns
SHNY vs. GLDM - Drawdown Comparison
The maximum SHNY drawdown since its inception was -37.84%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for SHNY and GLDM. For additional features, visit the drawdowns tool.
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Volatility
SHNY vs. GLDM - Volatility Comparison
MicroSectors Gold 3X Leveraged ETN (SHNY) has a higher volatility of 25.80% compared to SPDR Gold MiniShares Trust (GLDM) at 8.62%. This indicates that SHNY's price experiences larger fluctuations and is considered to be riskier than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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