UPLT vs. SHNY
UPLT (ProShares Ultra Platinum K-1 Free ETF) and SHNY (MicroSectors Gold 3X Leveraged ETN) are both Leveraged Commodities funds. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.95% expense ratio.
Performance
UPLT vs. SHNY - Performance Comparison
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Returns By Period
UPLT
- 1D
- -6.79%
- 1M
- -22.17%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHNY
- 1D
- 2.50%
- 1M
- -17.29%
- 6M
- -49.70%
- YTD
- -40.32%
- 1Y
- 9.12%
- 3Y*
- 41.07%
- 5Y*
- —
- 10Y*
- —
UPLT vs. SHNY - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
UPLT ProShares Ultra Platinum K-1 Free ETF | -44.75% |
SHNY MicroSectors Gold 3X Leveraged ETN | -47.51% |
Correlation
The correlation between UPLT and SHNY is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 21, 2026 | 0.81 |
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Return for Risk
UPLT vs. SHNY — Risk / Return Rank
UPLT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SHNY
UPLT vs. SHNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Platinum K-1 Free ETF (UPLT) and MicroSectors Gold 3X Leveraged ETN (SHNY). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UPLT | SHNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.10 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.13 | — |
| Martin ratioReturn relative to average drawdown | — | 0.27 | — |
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Drawdowns
UPLT vs. SHNY - Drawdown Comparison
The maximum UPLT drawdown since its inception was -49.98%, smaller than the maximum SHNY drawdown of -69.36%. Use the drawdown chart below to compare losses from any high point for UPLT and SHNY.
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Drawdown Indicators
| UPLT | SHNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.98% | -69.36% | +19.38% |
Max Drawdown (1Y)Largest decline over 1 year | — | -69.36% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -69.36% | — |
Current DrawdownCurrent decline from peak | -46.80% | -68.60% | +21.80% |
Average DrawdownAverage peak-to-trough decline | -27.13% | -16.67% | -10.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 33.80% | — |
Volatility
UPLT vs. SHNY - Volatility Comparison
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Volatility by Period
| UPLT | SHNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 19.98% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 73.83% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 79.82% | 82.89% | -3.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.82% | 59.44% | +20.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.82% | 59.44% | +20.38% |
UPLT vs. SHNY - Expense Ratio Comparison
Both UPLT and SHNY have an expense ratio of 0.95%.
Dividends
UPLT vs. SHNY - Dividend Comparison
UPLT's dividend yield for the trailing twelve months is around 0.28%, while SHNY has not paid dividends to shareholders.
| Position | TTM |
|---|---|
SHNY MicroSectors Gold 3X Leveraged ETN | 0.00% |
UPLT ProShares Ultra Platinum K-1 Free ETF | 0.28% |
Frequently Asked Questions
UPLT and SHNY have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
UPLT and SHNY have the same expense ratio: 0.95% per year.
UPLT has the higher dividend yield at 0.28%, compared with 0.00% for SHNY.
They also come from different issuers: ProShares and BMO.
Find the right allocation for UPLT and SHNY
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