PortfoliosLab logoPortfoliosLab logo
MAX S&P 500 4X Leveraged ETN (XXXX)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

Issuer
Max
Inception Date
Dec 4, 2023
Leveraged
1x (No leverage)
Index Tracked
S&P 500
Distribution Policy
Accumulating
Asset Class
Equity
Asset Class Size
Large-Cap
Asset Class Style
Blend
Assets Under Management
$149M

Share Price Chart


Loading graphics...

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

XXXX Performance Chart

MAX S&P 500 4X Leveraged ETN (XXXX) is up 1.1% since the beginning of the year. XXXX is currently trading at $28 per share.


Loading graphics...

S&P 500 Index

Returns By Period

MAX S&P 500 4X Leveraged ETN (XXXX) has returned 1.09% so far this year and 126.19% over the past 12 months.


MAX S&P 500 4X Leveraged ETN

1D
0.91%
1M
16.18%
YTD
1.09%
6M
7.63%
1Y
126.19%
3Y*
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
0.26%
1M
4.84%
YTD
2.86%
6M
6.22%
1Y
33.47%
3Y*
19.26%
5Y*
10.96%
10Y*
12.89%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XXXX Monthly Returns History

Based on dividend-adjusted daily data since Dec 5, 2023, XXXX's average daily return is +0.21%, while the average monthly return is +3.74%. At this rate, an investment would double in approximately 1.6 years.

Historically, 66% of months were positive and 34% were negative. The best month was Apr 2026 with a return of +33.0%, while the worst month was Mar 2025 at -24.1%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.

On a daily basis, XXXX closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +37.2%, while the worst single day was Apr 4, 2025 at -24.3%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20263.10%-5.94%-21.62%33.01%1.09%
20257.40%-7.95%-24.11%-15.17%22.29%18.81%6.71%5.07%12.03%6.04%-2.35%-2.44%17.36%
20243.11%18.52%10.48%-18.08%17.76%11.72%0.81%4.80%5.32%-6.87%21.96%-12.26%61.36%
202316.31%16.31%

Benchmark Metrics

MAX S&P 500 4X Leveraged ETN has an annualized alpha of -21.67%, beta of 3.94, and R² of 1.00 versus S&P 500 Index. Calculated based on daily prices since December 06, 2023.

  • This ETF captured 506.44% of S&P 500 Index gains and 318.82% of its losses — amplifying both gains and losses, but participating more in upside than downside.
  • This ETF had an annualized alpha of -21.67% versus S&P 500 Index — delivering less than market exposure alone would predict.
  • Beta of 3.94 means this ETF moves significantly more than S&P 500 Index — expect amplified gains in rallies and amplified losses in downturns.

Alpha
-21.67%
Beta
3.94
1.00
Upside Capture
506.44%
Downside Capture
318.82%

Expense Ratio

XXXX has a high expense ratio of 2.95%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

XXXX ranks 51 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.


XXXX Risk / Return Rank: 5151
Overall Rank
XXXX Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
XXXX Sortino Ratio Rank: 4747
Sortino Ratio Rank
XXXX Omega Ratio Rank: 4949
Omega Ratio Rank
XXXX Calmar Ratio Rank: 4646
Calmar Ratio Rank
XXXX Martin Ratio Rank: 5050
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for MAX S&P 500 4X Leveraged ETN (XXXX) and compare them to a chosen benchmark (S&P 500 Index).


XXXXBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

2.48

2.59

-0.11

Sortino ratio

Return per unit of downside risk

2.86

3.60

-0.74

Omega ratio

Gain probability vs. loss probability

1.38

1.48

-0.11

Calmar ratio

Return relative to maximum drawdown

2.80

3.33

-0.53

Martin ratio

Return relative to average drawdown

10.56

15.04

-4.48

Explore XXXX risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History


MAX S&P 500 4X Leveraged ETN doesn't pay dividends

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.


Loading graphics...

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 62.27%, occurring on Apr 8, 2025. Recovery took 122 trading sessions.

The current MAX S&P 500 4X Leveraged ETN drawdown is 6.98%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-62.27%Dec 5, 202484Apr 8, 2025122Oct 2, 2025206
-37.25%Oct 30, 2025103Mar 30, 2026
-31.99%Jul 17, 202414Aug 5, 202449Oct 14, 202463
-21.75%Mar 28, 202416Apr 19, 202422May 21, 202438
-11.96%Oct 15, 202413Oct 31, 20244Nov 6, 202417

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


Loading graphics...

Portfolio Analyzer

Build a portfolio with XXXX

Add MAX S&P 500 4X Leveraged ETN to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Analyzer with XXXX