XXXX vs. RSPU

Last updated Jun 4, 2026

XXXX (MAX S&P 500 4X Leveraged ETN) and RSPU (Invesco S&P 500 Equal Weight Utilities ETF) are both exchange-traded funds - XXXX is a Leveraged Equities fund tracking the S&P 500, while RSPU is a Utilities Equities fund tracking the S&P 500 Equal Weighted / Utilities Plus. Both are passively managed. Over the past year, XXXX returned 86.73% vs 10.96% for RSPU. At a 0.25 correlation, their price movements are largely independent. XXXX charges 2.95%/yr vs 0.40%/yr for RSPU.

Performance

XXXX vs. RSPU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MAX S&P 500 4X Leveraged ETN (XXXX) and Invesco S&P 500 Equal Weight Utilities ETF (RSPU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XXXX achieves a 29.32% return, which is significantly higher than RSPU's 4.83% return.

XXXX

• 1D: -2.88%
• 1M: 18.44%
• YTD: 29.32%
• 6M: 26.06%
• 1Y: 86.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RSPU

• 1D: -0.25%
• 1M: -4.29%
• YTD: 4.83%
• 6M: 3.78%
• 1Y: 10.96%
• 3Y*: 15.70%
• 5Y*: 10.71%
• 10Y*: 9.39%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XXXX vs. RSPU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XXXX MAX S&P 500 4X Leveraged ETN	29.32%	17.36%	61.36%	16.31%
RSPU Invesco S&P 500 Equal Weight Utilities ETF	4.83%	16.82%	23.57%	1.66%

Correlation

The correlation between XXXX and RSPU is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (All Time) Calculated using the full available price history since Dec 6, 2023	0.25

Return for Risk

XXXX vs. RSPU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XXXX

XXXX Risk / Return Rank: 49
XXXX Sharpe Ratio Rank: 53
XXXX Sortino Ratio Rank: 45
XXXX Omega Ratio Rank: 47
XXXX Calmar Ratio Rank: 46
XXXX Martin Ratio Rank: 52

RSPU

RSPU Risk / Return Rank: 23
RSPU Sharpe Ratio Rank: 22
RSPU Sortino Ratio Rank: 21
RSPU Omega Ratio Rank: 21
RSPU Calmar Ratio Rank: 27
RSPU Martin Ratio Rank: 24

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.

XXXX vs. RSPU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MAX S&P 500 4X Leveraged ETN (XXXX) and Invesco S&P 500 Equal Weight Utilities ETF (RSPU). 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.

	XXXX	RSPU	Difference
Sharpe ratio: Return per unit of total volatility	1.86	0.79	+1.08
Sortino ratio: Return per unit of downside risk	2.31	1.14	+1.17
Omega ratio: Gain probability vs. loss probability	1.30	1.14	+0.16
Calmar ratio: Return relative to maximum drawdown	2.34	1.30	+1.04
Martin ratio: Return relative to average drawdown	8.95	3.04	+5.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XXXX vs. RSPU - Sharpe Ratio Comparison

The current XXXX Sharpe Ratio is 1.86, which is higher than the RSPU Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of XXXX and RSPU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XXXX	RSPU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	0.79	+1.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.64	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	0.47	+0.40

Drawdowns

XXXX vs. RSPU - Drawdown Comparison

The maximum XXXX drawdown since its inception was -62.27%, which is greater than RSPU's maximum drawdown of -48.08%. Use the drawdown chart below to compare losses from any high point for XXXX and RSPU.

Drawdown Indicators

	XXXX	RSPU	Difference
Max Drawdown Largest peak-to-trough decline	-62.27%	-48.08%	-14.19%
Max Drawdown (1Y) Largest decline over 1 year	-37.25%	-8.46%	-28.79%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.27%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.86%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.85%	—
Current Drawdown Current decline from peak	-2.88%	-7.15%	+4.27%
Average Drawdown Average peak-to-trough decline	-11.60%	-7.85%	-3.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.73%	3.63%	+6.10%

Volatility

XXXX vs. RSPU - Volatility Comparison

MAX S&P 500 4X Leveraged ETN (XXXX) has a higher volatility of 11.32% compared to Invesco S&P 500 Equal Weight Utilities ETF (RSPU) at 5.21%. This indicates that XXXX's price experiences larger fluctuations and is considered to be riskier than RSPU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XXXX	RSPU	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.32%	5.21%	+6.11%
Volatility (6M) Calculated over the trailing 6-month period	35.41%	10.93%	+24.48%
Volatility (1Y) Calculated over the trailing 1-year period	46.83%	13.98%	+32.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.75%	16.92%	+43.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.75%	19.09%	+41.66%

XXXX vs. RSPU - Expense Ratio Comparison

XXXX has a 2.95% expense ratio, which is higher than RSPU's 0.40% expense ratio.

Dividends

XXXX vs. RSPU - Dividend Comparison

XXXX has not paid dividends to shareholders, while RSPU's dividend yield for the trailing twelve months is around 2.54%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RSPU Invesco S&P 500 Equal Weight Utilities ETF	2.54%	2.54%	2.39%	2.92%	2.35%	2.41%	2.94%	2.54%	3.11%	3.08%	2.98%	4.14%
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%

Frequently Asked Questions

Can I hold both XXXX and RSPU in my portfolio?

XXXX and RSPU have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XXXX or RSPU?

XXXX has higher volatility (11.32%) compared to RSPU (5.21%). In terms of maximum drawdown, XXXX dropped -62.27% vs RSPU's -48.08%.

Which ETF is better, XXXX or RSPU?

On 1-year performance, XXXX leads with 86.73% vs 10.96% for RSPU. On fees, RSPU is cheaper at 0.40% per year. On volatility, RSPU has been the lower-risk option at 5.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XXXX or RSPU?

Over the 1-year period, XXXX has performed better with a 86.73% return vs 10.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XXXX or RSPU?

RSPU is cheaper with a 0.40% expense ratio, compared with 2.95% for XXXX.

Which ETF pays a higher dividend yield, XXXX or RSPU?

RSPU has the higher dividend yield at 2.54%, compared with 0.00% for XXXX.

What is the main difference between XXXX and RSPU?

XXXX is categorized as Leveraged Equities, while RSPU is Utilities Equities. XXXX tracks S&P 500, while RSPU tracks S&P 500 Equal Weighted / Utilities Plus. They also come from different issuers: Max and Invesco. Their fees differ too: 2.95% for XXXX and 0.40% for RSPU.

Which has better risk-adjusted returns?

XXXX currently has the higher Sharpe Ratio (1.86 vs 0.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.