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
Expense Ratio
XXXX has a high expense ratio of 2.95%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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
MAX S&P 500 4X Leveraged ETN had a return of 61.29% year-to-date (YTD) and 62.30% in the last 12 months.
XXXX
61.29%
-7.83%
10.06%
62.30%
N/A
N/A
^GSPC (Benchmark)
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
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% | 21.96% | 61.29% | |
| 2023 | 172.69% | 172.69% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of XXXX is 60, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.
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.
Dividends
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 15.10%.
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 |
| -15.1% | Dec 5, 2024 | 11 | Dec 19, 2024 | — | — | — |
| -11.96% | Oct 15, 2024 | 13 | Oct 31, 2024 | 4 | Nov 6, 2024 | 17 |
| -8.92% | Nov 12, 2024 | 4 | Nov 15, 2024 | 9 | Nov 29, 2024 | 13 |
Volatility
Volatility Chart
The current MAX S&P 500 4X Leveraged ETN volatility is 14.80%, 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.