SHNY vs. NVDL
Compare and contrast key facts about MicroSectors Gold 3X Leveraged ETN (SHNY) and GraniteShares 2x Long NVDA Daily ETF (NVDL).
SHNY and NVDL 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. NVDL is an actively managed fund by GraniteShares. It was launched on Dec 13, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHNY or NVDL.
Correlation
The correlation between SHNY and NVDL is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SHNY vs. NVDL - Performance Comparison
Key characteristics
SHNY:
2.69
NVDL:
1.17
SHNY:
2.88
NVDL:
1.98
SHNY:
1.38
NVDL:
1.25
SHNY:
5.18
NVDL:
2.57
SHNY:
11.88
NVDL:
5.83
SHNY:
10.33%
NVDL:
22.65%
SHNY:
45.67%
NVDL:
112.99%
SHNY:
-37.84%
NVDL:
-51.40%
SHNY:
-0.46%
NVDL:
-29.18%
Returns By Period
In the year-to-date period, SHNY achieves a 34.61% return, which is significantly higher than NVDL's -9.07% return.
SHNY
34.61%
17.90%
37.92%
123.09%
N/A
N/A
NVDL
-9.07%
-22.47%
-12.76%
86.15%
N/A
N/A
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SHNY vs. NVDL - Expense Ratio Comparison
SHNY has a 0.95% expense ratio, which is lower than NVDL's 1.15% expense ratio.
Risk-Adjusted Performance
SHNY vs. NVDL — Risk-Adjusted Performance Rank
SHNY
NVDL
SHNY vs. NVDL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold 3X Leveraged ETN (SHNY) and GraniteShares 2x Long NVDA Daily ETF (NVDL). 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. NVDL - Dividend Comparison
Neither SHNY nor NVDL has paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
SHNY MicroSectors Gold 3X Leveraged ETN | 0.00% | 0.00% | 0.00% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 0.00% | 0.00% | 11.29% |
Drawdowns
SHNY vs. NVDL - Drawdown Comparison
The maximum SHNY drawdown since its inception was -37.84%, smaller than the maximum NVDL drawdown of -51.40%. Use the drawdown chart below to compare losses from any high point for SHNY and NVDL. For additional features, visit the drawdowns tool.
Volatility
SHNY vs. NVDL - Volatility Comparison
The current volatility for MicroSectors Gold 3X Leveraged ETN (SHNY) is 11.11%, while GraniteShares 2x Long NVDA Daily ETF (NVDL) has a volatility of 50.76%. This indicates that SHNY experiences smaller price fluctuations and is considered to be less risky than NVDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.