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.
Correlation
The correlation between XXXX and ^GSPC is 0.99, 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
Key characteristics
XXXX:
1.11
^GSPC:
1.62
XXXX:
1.59
^GSPC:
2.20
XXXX:
1.21
^GSPC:
1.30
XXXX:
1.74
^GSPC:
2.46
XXXX:
5.78
^GSPC:
10.01
XXXX:
9.62%
^GSPC:
2.08%
XXXX:
50.18%
^GSPC:
12.88%
XXXX:
-31.99%
^GSPC:
-56.78%
XXXX:
-5.14%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, XXXX achieves a 11.68% return, which is significantly higher than ^GSPC's 2.24% return.
XXXX
11.68%
-0.15%
17.65%
47.06%
N/A
N/A
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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Risk-Adjusted Performance
XXXX vs. ^GSPC — Risk-Adjusted Performance Rank
XXXX
^GSPC
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 11.47% compared to S&P 500 (^GSPC) at 3.43%. 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.