SHNY ETN — Microsectors Gold 3x Leverage ETN

Microsectors Gold 3x Leverage ETN (SHNY)

Updated October 16, 2026.

SHNY is an ETN. its expense ratio is 0.95%. Total return is 222.8% over the past 3.6 years, 122.0 points ahead of SPY at 100.8%.

Microsectors Gold 3x Leverage is an ETN issued by REX Shares that provides triple-leveraged daily exposure to gold prices, designed primarily for short-term tactical trading rather than buy-and-hold investing. The ETN does not distribute income and carries an expense ratio of 0.95%. It appeals to active traders seeking amplified gold price movements on an intraday or short-term basis, though the leverage structure means losses can be magnified substantially.

SHNY performance versus SPY

Price and return data through 2026-10-16.

Total return is 222.8% over the past 3.6 years, 122.0 points ahead of SPY at 100.8%. Over the past year its total return — price change plus distributions reinvested — is -44.3%. Its deepest 1-year drawdown was 69.4%.

SHNY key facts

Issuer

REX Shares

Asset type

ETN

Asset class

Commodity

Inception date

02/21/2023

Expense ratio

0.95%

Distribution frequency

None

Last close

$7.93 (as of 2026-10-16)

AUM

$93,320,218

Average volume

916000.0

Beta

1.0

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: REX Shares; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

SHNY risks and drawbacks

The deepest 1-year drawdown on record here is 69.4%.

Who may consider SHNY — and who may not

It is a weaker fit for investors who need monthly cash flow (SHNY does not currently distribute). This is educational context, not a recommendation to buy or sell.

More on SHNY

• All tickers starting with S

Tagged: Leverage, Gold.

Frequently asked questions

More securities from REX Shares.