SHNY vs. NVDA
SHNY (MicroSectors Gold 3X Leveraged ETN) is Leveraged Commodities fund managed by BMO, while NVDA (NVIDIA Corporation) is a stock. Over the past 3 years, SHNY returned 49.33%/yr vs 68.08%/yr for NVDA. At a 0.03 correlation, their price movements are largely independent.
Performance
SHNY vs. NVDA - Performance Comparison
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Returns By Period
In the year-to-date period, SHNY achieves a -34.20% return, which is significantly lower than NVDA's 7.39% return.
SHNY
- 1D
- -5.70%
- 1M
- -27.06%
- YTD
- -34.20%
- 6M
- -42.91%
- 1Y
- 14.03%
- 3Y*
- 49.33%
- 5Y*
- —
- 10Y*
- —
NVDA
- 1D
- -4.13%
- 1M
- -6.99%
- YTD
- 7.39%
- 6M
- 5.85%
- 1Y
- 38.94%
- 3Y*
- 68.08%
- 5Y*
- 59.90%
- 10Y*
- 67.94%
SHNY vs. NVDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SHNY MicroSectors Gold 3X Leveraged ETN | -34.20% | 214.54% | 50.30% | 10.98% |
NVDA NVIDIA Corporation | 7.39% | 38.92% | 171.25% | 139.86% |
Correlation
The correlation between SHNY and NVDA is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2023 | 0.03 |
The correlation between SHNY and NVDA shifts across timeframes, from 0.03 (all time) to 0.13 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SHNY vs. NVDA — Risk / Return Rank
SHNY
NVDA
SHNY vs. NVDA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold 3X Leveraged ETN (SHNY) and NVIDIA Corporation (NVDA). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SHNY | NVDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.20 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.22 | 1.94 | -1.72 |
| Martin ratioReturn relative to average drawdown | 0.49 | 4.51 | -4.02 |
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Drawdowns
SHNY vs. NVDA - Drawdown Comparison
The maximum SHNY drawdown since its inception was -65.54%, smaller than the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for SHNY and NVDA.
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Drawdown Indicators
| SHNY | NVDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.54% | -89.72% | +24.18% |
Max Drawdown (1Y)Largest decline over 1 year | -65.54% | -20.21% | -45.33% |
Max Drawdown (3Y)Largest decline over 3 years | -65.54% | -36.88% | -28.66% |
Max Drawdown (5Y)Largest decline over 5 years | — | -66.34% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.34% | — |
Current DrawdownCurrent decline from peak | -65.38% | -15.04% | -50.34% |
Average DrawdownAverage peak-to-trough decline | -15.65% | -36.16% | +20.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.98% | 8.66% | +20.32% |
Volatility
SHNY vs. NVDA - Volatility Comparison
MicroSectors Gold 3X Leveraged ETN (SHNY) has a higher volatility of 24.50% compared to NVIDIA Corporation (NVDA) at 13.29%. This indicates that SHNY's price experiences larger fluctuations and is considered to be riskier than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHNY | NVDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.50% | 13.29% | +11.21% |
Volatility (6M)Calculated over the trailing 6-month period | 74.44% | 26.92% | +47.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 81.62% | 35.50% | +46.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.25% | 51.84% | +7.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.25% | 49.87% | +9.38% |
Dividends
SHNY vs. NVDA - Dividend Comparison
SHNY has not paid dividends to shareholders, while NVDA's dividend yield for the trailing twelve months is around 0.14%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDA NVIDIA Corporation | 0.14% | 0.02% | 0.03% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% |
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% |
Frequently Asked Questions
SHNY and NVDA have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHNY has higher volatility (24.50%) compared to NVDA (13.29%). In terms of maximum drawdown, SHNY dropped -65.54% vs NVDA's -89.72%.
NVDA currently has the higher Sharpe Ratio (1.10 vs 0.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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