SHNY vs. JNUG
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 0.77, 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. JNUG - Performance Comparison
Key characteristics
SHNY:
1.94
JNUG:
1.45
SHNY:
2.36
JNUG:
2.02
SHNY:
1.30
JNUG:
1.26
SHNY:
4.01
JNUG:
1.09
SHNY:
9.08
JNUG:
5.78
SHNY:
10.47%
JNUG:
18.77%
SHNY:
49.03%
JNUG:
74.71%
SHNY:
-37.84%
JNUG:
-99.95%
SHNY:
-1.47%
JNUG:
-99.80%
Returns By Period
In the year-to-date period, SHNY achieves a 84.96% return, which is significantly lower than JNUG's 108.34% return.
SHNY
84.96%
26.54%
60.09%
99.49%
N/A
N/A
JNUG
108.34%
25.41%
46.53%
103.37%
4.69%
-27.98%
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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.
Risk-Adjusted Performance
SHNY vs. JNUG — Risk-Adjusted Performance Rank
SHNY
JNUG
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.
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 1.60%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 1.60% | 2.01% | 1.62% | 0.00% | 0.52% | 0.10% | 0.49% | 0.05% | 0.52% | 0.00% | 0.00% | 4.64% |
Drawdowns
SHNY vs. JNUG - Drawdown Comparison
The maximum SHNY drawdown since its inception was -37.84%, smaller than the maximum JNUG drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for SHNY and JNUG. For additional features, visit the drawdowns tool.
Volatility
SHNY vs. JNUG - Volatility Comparison
The current volatility for MicroSectors Gold 3X Leveraged ETN (SHNY) is 21.04%, while Direxion Daily Junior Gold Miners Index Bull 2x Shares (JNUG) has a volatility of 33.15%. This indicates that SHNY experiences smaller price fluctuations and is considered to be less risky than JNUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.