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
Dec 4, 2023
1x
S&P 500
Share Price Chart
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Compare to other instruments
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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
XXXX
75.00%
3.58%
34.97%
N/A
N/A
N/A
^GSPC (Benchmark)
24.72%
1.67%
12.93%
30.55%
13.88%
11.16%
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% | 5.32% | -6.87% | 75.00% | ||
| 2023 | 172.69% | 172.69% |
Expense Ratio
XXXX has a high expense ratio of 2.95%, indicating higher-than-average management fees.
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. Recovery took 49 trading sessions.
The current MAX S&P 500 4X Leveraged ETN drawdown is 4.38%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -31.99% | Jul 17, 2024 | 14 | Aug 5, 2024 | 49 | Oct 14, 2024 | 63 |
| -21.75% | Mar 28, 2024 | 16 | Apr 19, 2024 | 22 | May 21, 2024 | 38 |
| -11.96% | Oct 15, 2024 | 13 | Oct 31, 2024 | 4 | Nov 6, 2024 | 17 |
| -8.92% | Nov 12, 2024 | 4 | Nov 15, 2024 | — | — | — |
| -8.11% | Dec 29, 2023 | 4 | Jan 4, 2024 | 10 | Jan 19, 2024 | 14 |
Volatility
Volatility Chart
The current MAX S&P 500 4X Leveraged ETN volatility is 15.90%, 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.