{"url":"https://etfiq.com/compare/leverage/shny-vs-ugld","section":"compare","title":"SHNY vs UGLD: which held to its multiple? | ETFIQ","description":"SHNY sets out to return +3 times GLD each day and UGLD +2 times. Over the three months to Sep 30, 2026 they finished \u22129.9 pts and \u22123.9 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, SHNY or UGLD?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, SHNY finished 9.9 points from what its multiple implies and UGLD finished 3.9 points from its own, so UGLD came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are SHNY and UGLD levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on gold, SHNY at +3 times and UGLD at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SHNY or UGLD?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SHNY\u2019s moved at 25% annualized and UGLD\u2019s at 25%, so SHNY has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold SHNY or UGLD for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"SHNY vs UGLD","item":"https://etfiq.com/compare/leverage/shny-vs-ugld"}]},{"@type":"WebPage","name":"SHNY vs UGLD: which held to its multiple?","description":"SHNY sets out to return +3 times GLD each day and UGLD +2 times. Over the three months to Sep 30, 2026 they finished \u22129.9 pts and \u22123.9 pts away.","url":"https://etfiq.com/compare/leverage/shny-vs-ugld","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, SHNY finished 5.3 points short and UGLD 2.4 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of SHNY and UGLD","description":"SHNY sets out to return +3 times GLD each day and UGLD +2 times. Over the three months to Sep 30, 2026 they finished \u22129.9 pts and \u22123.9 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/shny-vs-ugld","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6760,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / SHNY vs UGLD \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n SHNY vs UGLD: which held to its multiple?\n\n Over three months against its own daily promise, SHNY finished 5.3 points short and UGLD 2.4 points short.\n Copy this for sharing \n \n MicroSectors Gold 3X Leveraged ETNs due January 29, 2043 and Direxion Daily Gold Bull 2X ETF.\n\n Download as PDF \n\n \u22121.6% SHNY returned, 3 months \n +1.6% UGLD returned, 3 months \n \u22129.9 pts SHNY from its stated multiple \n \u22123.9 pts UGLD from its stated multiple \n\n ETFIQ Decay Resistance Score: UGLD ","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/shny-vs-ugld","a":{"ticker":"SHNY","name":"MicroSectors Gold 3X Leveraged ETNs due January 29, 2043","issuer":"MicroSectors","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SHNY returned \u22121.6% where its own daily promise gave +3.6%, 5.3 points short.","url":"https://etfiq.com/funds/shny","key_facts":[{"label":"What GLD did","value":"+2.8%","as_of":"2026-09-30","source":null},{"label":"What 3 times a day gives","value":"+3.6%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u22121.6%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22125.3 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"an exchange traded note holds no assets; it is the issuing bank\u2019s unsecured debt","as_of":"2026-09-30","source":null},{"label":"Expense ratio","value":"not read by ETFIQ","as_of":"2026-09-30","source":null}]},"b":{"ticker":"UGLD","name":"Direxion Daily Gold Bull 2X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: UGLD returned +1.6% where its own daily promise gave +4.0%, 2.4 points short.","url":"https://etfiq.com/funds/ugld","key_facts":[{"label":"What GLD did","value":"+2.8%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+4.0%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+1.6%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22122.4 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$10m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.07%","as_of":"2026-09-30","source":"485BPOS XBRL, Apr 29, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/shny-vs-ugld"}