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SHNY vs. JNUG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

SHNY vs. JNUG

Last updated May 12, 2025

Compare and contrast key facts about MicroSectors Gold 3X Leveraged ETN (SHNY) and Direxion Daily Junior Gold Miners Index Bull 2x Shares (JNUG).

SHNY and JNUG 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. JNUG is a passively managed fund by Direxion that tracks the performance of the MVIS Global Junior Gold Miners Index (300%). It was launched on Apr 1, 2020.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHNY or JNUG.

Correlation

The correlation between SHNY and JNUG is -0.80. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Performance

SHNY vs. JNUG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Gold 3X Leveraged ETN (SHNY) and Direxion Daily Junior Gold Miners Index Bull 2x Shares (JNUG). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Daily Std Dev

SHNY:

105.73%

JNUG:

129.69%

Max Drawdown

SHNY:

-10.21%

JNUG:

-8.24%

Current Drawdown

SHNY:

-8.42%

JNUG:

-1.21%

Returns By Period

SHNY

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

JNUG

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

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SHNY vs. JNUG - Expense Ratio Comparison

SHNY has a 0.95% expense ratio, which is lower than JNUG's 1.17% expense ratio.

JNUG
Direxion Daily Junior Gold Miners Index Bull 2x Shares
SHNY
MicroSectors Gold 3X Leveraged ETN

Risk-Adjusted Performance

SHNY vs. JNUG — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SHNY
The Risk-Adjusted Performance Rank of SHNY is 9494
Overall Rank
The Sharpe Ratio Rank of SHNY is 9595
Sharpe Ratio Rank
The Sortino Ratio Rank of SHNY is 9494
Sortino Ratio Rank
The Omega Ratio Rank of SHNY is 9292
Omega Ratio Rank
The Calmar Ratio Rank of SHNY is 9797
Calmar Ratio Rank
The Martin Ratio Rank of SHNY is 9494
Martin Ratio Rank
JNUG
The Risk-Adjusted Performance Rank of JNUG is 8686
Overall Rank
The Sharpe Ratio Rank of JNUG is 8585
Sharpe Ratio Rank
The Sortino Ratio Rank of JNUG is 8989
Sortino Ratio Rank
The Omega Ratio Rank of JNUG is 8787
Omega Ratio Rank
The Calmar Ratio Rank of JNUG is 8383
Calmar Ratio Rank
The Martin Ratio Rank of JNUG is 8686
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SHNY vs. JNUG - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold 3X Leveraged ETN (SHNY) and Direxion Daily Junior Gold Miners Index Bull 2x Shares (JNUG). 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. JNUG - Dividend Comparison

SHNY has not paid dividends to shareholders, while JNUG's dividend yield for the trailing twelve months is around 1.62%.

TTM20242023202220212020201920182017201620152014
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%
JNUG
Direxion Daily Junior Gold Miners Index Bull 2x Shares		1.62%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

SHNY vs. JNUG - Drawdown Comparison

The maximum SHNY drawdown since its inception was -10.21%, which is greater than JNUG's maximum drawdown of -8.24%. Use the drawdown chart below to compare losses from any high point for SHNY and JNUG. For additional features, visit the drawdowns tool.

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Volatility

SHNY vs. JNUG - Volatility Comparison

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