SHNY vs. TQQQ

In the year-to-date period, SHNY achieves a 67.70% return, which is significantly higher than TQQQ's -12.37% return.

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Both SHNY and TQQQ have an expense ratio of 0.95%.

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.

The current SHNY Sharpe Ratio is 1.78, which is higher than the TQQQ Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of SHNY and TQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

SHNY has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.43%.

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.

MicroSectors Gold 3X Leveraged ETN (SHNY) has a higher volatility of 25.80% compared to ProShares UltraPro QQQ (TQQQ) at 22.30%. This indicates that SHNY's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.