Microsectors Gold 3x Leverage ETN (SHNY) Performance
SHNY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −46.7% since Dec 31, 2025
- 1 year
- −42.6% total return
- 3 years
- +39.7% a year
- Since first price
- +32.9% a year since 2023
SHNY trailing returns vs SPY, QQQ, AGG
| Period | SHNY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −20.9% | −20.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −12.2% | −12.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −49.1% | −49.1% | +7.8% | +8.4% | −1.5% |
| YTD | −46.7% | −46.7% | +12.3% | +15.1% | −1.0% |
| 1 year | −42.6% | −42.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +172.9%+39.7%/yr | +172.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionFeb 22, 2023 | +183.7%+32.9%/yr | +183.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SHNY vs SPY
From Feb 22, 2023: SHNY grew to $28,368, SPY to $19,992.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SHNY returns by calendar year
2 of 2 full years positive. Best 2025 (+214.5%), worst 2024 (+50.3%). 2026 is year to date.
SHNY annual returns table
| Year | SHNY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −46.7% | −71.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +214.5% | −29.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +50.3% | −23.7% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SHNY largest drawdowns
Now 71.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 29, 2026 | −71.9% | Oct 23, 2026 | not yet | 9 months | 9 months so far |
| Apr 13, 2023 | −37.8% | Oct 5, 2023 | Apr 1, 2024 | 6 months | 12 months |
| Oct 20, 2025 | −29.4% | Nov 4, 2025 | Dec 23, 2025 | 15 days | 2 months |
| Oct 30, 2024 | −23.7% | Nov 15, 2024 | Feb 10, 2025 | 16 days | 3 months |
| Apr 21, 2025 | −22.3% | May 14, 2025 | Sep 5, 2025 | 23 days | 5 months |
| May 20, 2024 | −18.1% | Jun 26, 2024 | Aug 16, 2024 | 37 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SHNY risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +54.7% | +38.8% |
| Volatility (annualized) | 56.0% | 54.1% |
| Sharpe ratio | 0.99 | 0.80 |
| Sortino ratio | 1.71 | 1.37 |
| Best month | +36.5% | +36.5% |
| Worst month | −33.7% | −33.7% |
| Best 12 months | +308.0% | +308.0% |
| Worst 12 months | −23.8% | −23.8% |
| Positive months | 61% | 58% |
| Beta vs S&P 500 | -0.15 | — |
| Correlation with S&P 500 | -0.03 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SHNY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 33 | −36.8% | +75.4% | +308.0% | 94% |
| 3-year (a year) | 9 | +39.1% | +58.5% | +104.1% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
SHNY performance overview
Microsectors Gold 3x Leverage ETN (SHNY) returned −42.6% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +32.9% a year, turning $10,000 into about $28,368. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −71.9%, from Jan 29, 2026 to Oct 23, 2026; the fund has not yet regained that high. Volatility has been 54.1% a year.
Related: SHNY chart. See the SHNY overview for the latest quote and fund facts.
SHNY performance FAQ
What is the SHNY return over the past year?
SHNY returned −42.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 42.6%.
How much would $10,000 invested in SHNY be worth?
$10,000 invested in SHNY at its first recorded close on February 22, 2023 would be worth about $28,368 on October 23, 2026 with distributions reinvested.
What was the worst year for SHNY?
The worst calendar year was 2024, with a total return of +50.3%. The best was 2025 at +214.5%.
What is the biggest drawdown of SHNY?
The largest peak-to-trough decline was −71.9% between January 29, 2026 and October 23, 2026. It has not yet recovered to that high; it is 71.9% below its peak.
How volatile is SHNY?
Over the past 3 years SHNY had an annualized volatility of 56.0% and a Sharpe ratio of 0.99 (excess return over 1–3 month T-bills per unit of risk).