SHNY vs. TQQQ
Compare and contrast key facts about MicroSectors Gold 3X Leveraged ETN (SHNY) and ProShares UltraPro QQQ (TQQQ).
SHNY and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHNY or TQQQ.
Correlation
The correlation between SHNY and TQQQ is 0.10, 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. TQQQ - Performance Comparison
Key characteristics
SHNY:
1.94
TQQQ:
-0.24
SHNY:
2.36
TQQQ:
0.13
SHNY:
1.30
TQQQ:
1.02
SHNY:
4.01
TQQQ:
-0.31
SHNY:
9.08
TQQQ:
-0.93
SHNY:
10.47%
TQQQ:
19.28%
SHNY:
49.03%
TQQQ:
73.79%
SHNY:
-37.84%
TQQQ:
-81.66%
SHNY:
-1.47%
TQQQ:
-51.29%
Returns By Period
In the year-to-date period, SHNY achieves a 84.96% return, which is significantly higher than TQQQ's -42.76% return.
SHNY
84.96%
25.12%
55.66%
97.74%
N/A
N/A
TQQQ
-42.76%
-27.23%
-39.12%
-13.24%
23.05%
26.31%
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SHNY vs. TQQQ - Expense Ratio Comparison
Both SHNY and TQQQ have an expense ratio of 0.95%.
Risk-Adjusted Performance
SHNY vs. TQQQ — Risk-Adjusted Performance Rank
SHNY
TQQQ
SHNY vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold 3X Leveraged ETN (SHNY) and ProShares UltraPro QQQ (TQQQ). 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. TQQQ - Dividend Comparison
SHNY has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 2.18%.
| 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% |
TQQQ ProShares UltraPro QQQ | 2.18% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
SHNY vs. TQQQ - Drawdown Comparison
The maximum SHNY drawdown since its inception was -37.84%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for SHNY and TQQQ. For additional features, visit the drawdowns tool.
Volatility
SHNY vs. TQQQ - Volatility Comparison
The current volatility for MicroSectors Gold 3X Leveraged ETN (SHNY) is 21.04%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 46.56%. This indicates that SHNY experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.