XXXX vs. QLD
Compare and contrast key facts about MAX S&P 500 4X Leveraged ETN (XXXX) and ProShares Ultra QQQ (QLD).
XXXX and QLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XXXX is a passively managed fund by Max that tracks the performance of the S&P 500. It was launched on Dec 4, 2023. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006. Both XXXX and QLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XXXX or QLD.
Performance
XXXX vs. QLD - Performance Comparison
Returns By Period
In the year-to-date period, XXXX achieves a 75.00% return, which is significantly higher than QLD's 40.38% return.
XXXX
75.00%
3.58%
34.97%
N/A
N/A
N/A
QLD
40.38%
2.83%
18.39%
54.20%
31.46%
28.73%
Key characteristics
| XXXX | QLD | |
|---|---|---|
| Daily Std Dev | 144.82% | 34.80% |
| Max Drawdown | -31.99% | -83.13% |
| Current Drawdown | -4.38% | -3.75% |
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XXXX vs. QLD - Expense Ratio Comparison
XXXX has a 2.95% expense ratio, which is higher than QLD's 0.95% expense ratio.
Correlation
The correlation between XXXX and QLD is 0.92, 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.
Risk-Adjusted Performance
XXXX vs. QLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MAX S&P 500 4X Leveraged ETN (XXXX) and ProShares Ultra QQQ (QLD). 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.
Not enough dataDividends
XXXX vs. QLD - Dividend Comparison
XXXX has not paid dividends to shareholders, while QLD's dividend yield for the trailing twelve months is around 0.27%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XXXX MAX S&P 500 4X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QLD ProShares Ultra QQQ | 0.27% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.90% | 0.11% | 0.19% | 0.13% |
Drawdowns
XXXX vs. QLD - Drawdown Comparison
The maximum XXXX drawdown since its inception was -31.99%, smaller than the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for XXXX and QLD. For additional features, visit the drawdowns tool.
Volatility
XXXX vs. QLD - Volatility Comparison
MAX S&P 500 4X Leveraged ETN (XXXX) has a higher volatility of 15.90% compared to ProShares Ultra QQQ (QLD) at 10.86%. This indicates that XXXX's price experiences larger fluctuations and is considered to be riskier than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.