SHNY vs. SPMO
Compare and contrast key facts about MicroSectors Gold 3X Leveraged ETN (SHNY) and Invesco S&P 500 Momentum ETF (SPMO).
SHNY and SPMO 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. SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015.
Performance
SHNY vs. SPMO - Performance Comparison
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SHNY vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SHNY MicroSectors Gold 3X Leveraged ETN | 11.56% | 214.54% | 50.30% | 12.52% |
SPMO Invesco S&P 500 Momentum ETF | -3.77% | 26.58% | 45.82% | 22.52% |
Returns By Period
In the year-to-date period, SHNY achieves a 11.56% return, which is significantly higher than SPMO's -3.77% return.
SHNY
- 1D
- 5.04%
- 1M
- -32.72%
- YTD
- 11.56%
- 6M
- 39.19%
- 1Y
- 123.55%
- 3Y*
- 69.59%
- 5Y*
- —
- 10Y*
- —
SPMO
- 1D
- 2.13%
- 1M
- -4.40%
- YTD
- -3.77%
- 6M
- -4.53%
- 1Y
- 23.97%
- 3Y*
- 29.27%
- 5Y*
- 17.66%
- 10Y*
- 17.41%
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SHNY vs. SPMO - Expense Ratio Comparison
SHNY has a 0.95% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Return for Risk
SHNY vs. SPMO — Risk / Return Rank
SHNY
SPMO
SHNY vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold 3X Leveraged ETN (SHNY) and Invesco S&P 500 Momentum ETF (SPMO). 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.
| SHNY | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 1.06 | +0.45 |
Sortino ratioReturn per unit of downside risk | 1.94 | 1.60 | +0.34 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.24 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.24 | 1.96 | +0.29 |
Martin ratioReturn relative to average drawdown | 6.74 | 6.90 | -0.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SHNY | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 1.06 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.93 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.34 | 0.86 | +0.48 |
Correlation
The correlation between SHNY and SPMO is 0.04, 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.
Dividends
SHNY vs. SPMO - Dividend Comparison
SHNY has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.89%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPMO Invesco S&P 500 Momentum ETF | 0.89% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
SHNY vs. SPMO - Drawdown Comparison
The maximum SHNY drawdown since its inception was -54.35%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for SHNY and SPMO.
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Drawdown Indicators
| SHNY | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.35% | -30.95% | -23.40% |
Max Drawdown (1Y)Largest decline over 1 year | -54.35% | -12.70% | -41.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.95% | — |
Current DrawdownCurrent decline from peak | -41.30% | -7.31% | -33.99% |
Average DrawdownAverage peak-to-trough decline | -13.16% | -4.66% | -8.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.10% | 3.60% | +14.50% |
Volatility
SHNY vs. SPMO - Volatility Comparison
MicroSectors Gold 3X Leveraged ETN (SHNY) has a higher volatility of 31.37% compared to Invesco S&P 500 Momentum ETF (SPMO) at 7.22%. This indicates that SHNY's price experiences larger fluctuations and is considered to be riskier than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHNY | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.37% | 7.22% | +24.15% |
Volatility (6M)Calculated over the trailing 6-month period | 74.62% | 12.80% | +61.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.54% | 22.77% | +59.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.30% | 19.08% | +39.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.30% | 20.09% | +38.21% |