XXXX vs. ^GSPC
Compare and contrast key facts about MAX S&P 500 4X Leveraged ETN (XXXX) and S&P 500 (^GSPC).
XXXX is a passively managed fund by Max that tracks the performance of the S&P 500. It was launched on Dec 4, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XXXX or ^GSPC.
Key characteristics
XXXX | ^GSPC | |
---|---|---|
YTD Return | 50.17% | 17.79% |
Daily Std Dev | 159.58% | 12.69% |
Max Drawdown | -31.99% | -56.78% |
Current Drawdown | -9.66% | -0.86% |
Correlation
The correlation between XXXX and ^GSPC is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XXXX vs. ^GSPC - Performance Comparison
In the year-to-date period, XXXX achieves a 50.17% return, which is significantly higher than ^GSPC's 17.79% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
XXXX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MAX S&P 500 4X Leveraged ETN (XXXX) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
XXXX vs. ^GSPC - Drawdown Comparison
The maximum XXXX drawdown since its inception was -31.99%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for XXXX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
XXXX vs. ^GSPC - Volatility Comparison
MAX S&P 500 4X Leveraged ETN (XXXX) has a higher volatility of 15.35% compared to S&P 500 (^GSPC) at 3.99%. This indicates that XXXX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.