SHNY vs. IAUM
Compare and contrast key facts about MicroSectors Gold 3X Leveraged ETN (SHNY) and iShares Gold Trust Micro ETF of Benef Interest (IAUM).
SHNY and IAUM 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. IAUM is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Jun 15, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHNY or IAUM.
Correlation
The correlation between SHNY and IAUM is 1.00, 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. IAUM - Performance Comparison
Key characteristics
SHNY:
1.94
IAUM:
2.39
SHNY:
2.36
IAUM:
3.16
SHNY:
1.30
IAUM:
1.41
SHNY:
4.01
IAUM:
4.80
SHNY:
9.08
IAUM:
12.92
SHNY:
10.47%
IAUM:
3.01%
SHNY:
49.03%
IAUM:
16.25%
SHNY:
-37.84%
IAUM:
-20.87%
SHNY:
-1.47%
IAUM:
-0.45%
Returns By Period
In the year-to-date period, SHNY achieves a 84.96% return, which is significantly higher than IAUM's 26.60% return.
SHNY
84.96%
26.54%
60.09%
99.49%
N/A
N/A
IAUM
26.60%
9.41%
23.34%
39.97%
N/A
N/A
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SHNY vs. IAUM - Expense Ratio Comparison
SHNY has a 0.95% expense ratio, which is higher than IAUM's 0.15% expense ratio.
Risk-Adjusted Performance
SHNY vs. IAUM — Risk-Adjusted Performance Rank
SHNY
IAUM
SHNY vs. IAUM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold 3X Leveraged ETN (SHNY) and iShares Gold Trust Micro ETF of Benef Interest (IAUM). 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. IAUM - Dividend Comparison
Neither SHNY nor IAUM has paid dividends to shareholders.
Drawdowns
SHNY vs. IAUM - Drawdown Comparison
The maximum SHNY drawdown since its inception was -37.84%, which is greater than IAUM's maximum drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for SHNY and IAUM. For additional features, visit the drawdowns tool.
Volatility
SHNY vs. IAUM - Volatility Comparison
MicroSectors Gold 3X Leveraged ETN (SHNY) has a higher volatility of 21.04% compared to iShares Gold Trust Micro ETF of Benef Interest (IAUM) at 6.98%. This indicates that SHNY's price experiences larger fluctuations and is considered to be riskier than IAUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.