SHNY vs. GLDW

Last updated Apr 1, 2026

Compare and contrast key facts about MicroSectors Gold 3X Leveraged ETN (SHNY) and Roundhill Gold WeeklyPay ETF (GLDW).

SHNY and GLDW 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. GLDW is an actively managed fund by State Street. It was launched on Oct 30, 2025.

Performance

SHNY vs. GLDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Gold 3X Leveraged ETN (SHNY) and Roundhill Gold WeeklyPay ETF (GLDW). The values are adjusted to include any dividend payments, if applicable.

SHNY vs. GLDW - Yearly Performance Comparison

	2026 (YTD)	2025
SHNY MicroSectors Gold 3X Leveraged ETN	6.21%	16.40%
GLDW Roundhill Gold WeeklyPay ETF	8.62%	7.63%

Returns By Period

In the year-to-date period, SHNY achieves a 6.21% return, which is significantly lower than GLDW's 8.62% return.

SHNY

• 1D: 11.13%
• 1M: -35.95%
• YTD: 6.21%
• 6M: 32.51%
• 1Y: 112.82%
• 3Y*: 66.83%
• 5Y*: —
• 10Y*: —

GLDW

• 1D: 4.69%
• 1M: -13.64%
• YTD: 8.62%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SHNY vs. GLDW - Expense Ratio Comparison

SHNY has a 0.95% expense ratio, which is lower than GLDW's 0.99% expense ratio.

GLDW

Roundhill Gold WeeklyPay ETF

SHNY

MicroSectors Gold 3X Leveraged ETN

Return for Risk

SHNY vs. GLDW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SHNY

SHNY Risk / Return Rank: 76
SHNY Sharpe Ratio Rank: 77
SHNY Sortino Ratio Rank: 75
SHNY Omega Ratio Rank: 75
SHNY Calmar Ratio Rank: 82
SHNY Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SHNY vs. GLDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold 3X Leveraged ETN (SHNY) and Roundhill Gold WeeklyPay ETF (GLDW). 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	GLDW	Difference
Sharpe ratio Return per unit of total volatility	1.36	—	—
Sortino ratio Return per unit of downside risk	1.85	—	—
Omega ratio Gain probability vs. loss probability	1.27	—	—
Calmar ratio Return relative to maximum drawdown	2.22	—	—
Martin ratio Return relative to average drawdown	6.73	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SHNY	GLDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.29	1.13	+0.16

Correlation

The correlation between SHNY and GLDW is 0.99, 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.

Dividends

SHNY vs. GLDW - Dividend Comparison

SHNY has not paid dividends to shareholders, while GLDW's dividend yield for the trailing twelve months is around 12.11%.

	TTM	2025
SHNY MicroSectors Gold 3X Leveraged ETN	0.00%	0.00%
GLDW Roundhill Gold WeeklyPay ETF	12.11%	3.75%

Drawdowns

SHNY vs. GLDW - Drawdown Comparison

The maximum SHNY drawdown since its inception was -54.35%, which is greater than GLDW's maximum drawdown of -23.59%. Use the drawdown chart below to compare losses from any high point for SHNY and GLDW.

Drawdown Indicators

	SHNY	GLDW	Difference
Max Drawdown Largest peak-to-trough decline	-54.35%	-23.59%	-30.76%
Max Drawdown (1Y) Largest decline over 1 year	-54.35%	—	—
Current Drawdown Current decline from peak	-44.12%	-16.66%	-27.46%
Average Drawdown Average peak-to-trough decline	-13.13%	-5.11%	-8.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.91%	—	—

Volatility

Volatility by Period

	SHNY	GLDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.24%	—	—
Volatility (6M) Calculated over the trailing 6-month period	74.50%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	82.50%	41.26%	+41.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.28%	41.26%	+17.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.28%	41.26%	+17.02%