MAX S&P 500 4X Leveraged ETN (XXXX)
XXXX is a passive ETF by Max tracking the investment results of the S&P 500. XXXX launched on Dec 4, 2023 and has a 2.95% expense ratio.
ETF Info
| Issuer | Max |
|---|---|
| Inception Date | Dec 4, 2023 |
| Category | Leveraged Equities, Leveraged |
| Leveraged | 1x |
| Index Tracked | S&P 500 |
| Asset Class | Equity |
Expense Ratio
XXXX has a high expense ratio of 2.95%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: XXXX vs. QLD, XXXX vs. SPY, XXXX vs. ^VVIX, XXXX vs. TQQQ, XXXX vs. FNGU, XXXX vs. SPXL, XXXX vs. UPRO, XXXX vs. USSC.L, XXXX vs. POCT, XXXX vs. ^GSPC
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in MAX S&P 500 4X Leveraged ETN, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 49.10% | 18.10% |
| 1 month | 2.15% | 1.42% |
| 6 months | 17.98% | 9.39% |
| 1 year | N/A | 26.58% |
| 5 years (annualized) | N/A | 13.42% |
| 10 years (annualized) | N/A | 10.88% |
Monthly Returns
The table below presents the monthly returns of XXXX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 3.11% | 18.52% | 10.48% | -18.08% | 17.76% | 11.72% | 0.81% | 4.80% | 49.10% | ||||
| 2023 | 172.69% | 172.69% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MAX S&P 500 4X Leveraged ETN (XXXX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Not enough dataDividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the MAX S&P 500 4X Leveraged ETN. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MAX S&P 500 4X Leveraged ETN was 31.99%, occurring on Aug 5, 2024. The portfolio has not yet recovered.
The current MAX S&P 500 4X Leveraged ETN drawdown is 10.30%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -31.99% | Jul 17, 2024 | 14 | Aug 5, 2024 | — | — | — |
| -21.75% | Mar 28, 2024 | 16 | Apr 19, 2024 | 22 | May 21, 2024 | 38 |
| -8.11% | Dec 29, 2023 | 4 | Jan 4, 2024 | 10 | Jan 19, 2024 | 14 |
| -7.2% | May 22, 2024 | 6 | May 30, 2024 | 4 | Jun 5, 2024 | 10 |
| -7.07% | Jan 30, 2024 | 2 | Jan 31, 2024 | 2 | Feb 2, 2024 | 4 |
Volatility
Volatility Chart
The current MAX S&P 500 4X Leveraged ETN volatility is 17.06%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.