SHNY vs. VOO
Compare and contrast key facts about MicroSectors Gold 3X Leveraged ETN (SHNY) and Vanguard S&P 500 ETF (VOO).
SHNY and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHNY or VOO.
Correlation
The correlation between SHNY and VOO is 0.12, 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. VOO - Performance Comparison
Key characteristics
SHNY:
1.94
VOO:
0.32
SHNY:
2.36
VOO:
0.57
SHNY:
1.30
VOO:
1.08
SHNY:
4.01
VOO:
0.32
SHNY:
9.08
VOO:
1.42
SHNY:
10.47%
VOO:
4.19%
SHNY:
49.03%
VOO:
18.73%
SHNY:
-37.84%
VOO:
-33.99%
SHNY:
-1.47%
VOO:
-13.85%
Returns By Period
In the year-to-date period, SHNY achieves a 84.96% return, which is significantly higher than VOO's -9.88% return.
SHNY
84.96%
26.54%
60.09%
99.49%
N/A
N/A
VOO
-9.88%
-5.88%
-9.00%
6.61%
14.69%
11.64%
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SHNY vs. VOO - Expense Ratio Comparison
SHNY has a 0.95% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
SHNY vs. VOO — Risk-Adjusted Performance Rank
SHNY
VOO
SHNY vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold 3X Leveraged ETN (SHNY) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
SHNY has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.44%.
| 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% |
VOO Vanguard S&P 500 ETF | 1.44% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
SHNY vs. VOO - Drawdown Comparison
The maximum SHNY drawdown since its inception was -37.84%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SHNY and VOO. For additional features, visit the drawdowns tool.
Volatility
SHNY vs. VOO - Volatility Comparison
MicroSectors Gold 3X Leveraged ETN (SHNY) has a higher volatility of 21.04% compared to Vanguard S&P 500 ETF (VOO) at 13.31%. This indicates that SHNY's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.