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XXXX vs. SPXL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between XXXX and SPXL 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.


-0.50.00.51.0
Correlation: 1.0

Performance

XXXX vs. SPXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MAX S&P 500 4X Leveraged ETN (XXXX) and Direxion Daily S&P 500 Bull 3X Shares (SPXL). The values are adjusted to include any dividend payments, if applicable.

0.00%100.00%200.00%300.00%400.00%NovemberDecember2025FebruaryMarchApril
164.41%
37.82%
XXXX
SPXL

Key characteristics

Sharpe Ratio

XXXX:

-0.15

SPXL:

0.11

Sortino Ratio

XXXX:

0.31

SPXL:

0.55

Omega Ratio

XXXX:

1.04

SPXL:

1.08

Calmar Ratio

XXXX:

-0.18

SPXL:

0.12

Martin Ratio

XXXX:

-0.61

SPXL:

0.44

Ulcer Index

XXXX:

18.70%

SPXL:

13.62%

Daily Std Dev

XXXX:

76.54%

SPXL:

57.22%

Max Drawdown

XXXX:

-62.27%

SPXL:

-76.86%

Current Drawdown

XXXX:

-48.96%

SPXL:

-33.27%

Returns By Period

In the year-to-date period, XXXX achieves a -39.91% return, which is significantly lower than SPXL's -25.30% return.


XXXX

YTD

-39.91%

1M

-25.73%

6M

-40.66%

1Y

-13.73%

5Y*

N/A

10Y*

N/A

SPXL

YTD

-25.30%

1M

-15.21%

6M

-24.19%

1Y

7.52%

5Y*

31.36%

10Y*

19.27%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


XXXX vs. SPXL - Expense Ratio Comparison

XXXX has a 2.95% expense ratio, which is higher than SPXL's 1.02% expense ratio.


Expense ratio chart for XXXX: current value is 2.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
XXXX: 2.95%
Expense ratio chart for SPXL: current value is 1.02%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPXL: 1.02%

Risk-Adjusted Performance

XXXX vs. SPXL — Risk-Adjusted Performance Rank

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

XXXX
The Risk-Adjusted Performance Rank of XXXX is 1818
Overall Rank
The Sharpe Ratio Rank of XXXX is 1313
Sharpe Ratio Rank
The Sortino Ratio Rank of XXXX is 2828
Sortino Ratio Rank
The Omega Ratio Rank of XXXX is 2828
Omega Ratio Rank
The Calmar Ratio Rank of XXXX is 99
Calmar Ratio Rank
The Martin Ratio Rank of XXXX is 1010
Martin Ratio Rank

SPXL
The Risk-Adjusted Performance Rank of SPXL is 3333
Overall Rank
The Sharpe Ratio Rank of SPXL is 2525
Sharpe Ratio Rank
The Sortino Ratio Rank of SPXL is 4141
Sortino Ratio Rank
The Omega Ratio Rank of SPXL is 4343
Omega Ratio Rank
The Calmar Ratio Rank of SPXL is 2929
Calmar Ratio Rank
The Martin Ratio Rank of SPXL is 2828
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

XXXX vs. SPXL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for MAX S&P 500 4X Leveraged ETN (XXXX) and Direxion Daily S&P 500 Bull 3X Shares (SPXL). 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.


The chart of Sharpe ratio for XXXX, currently valued at -0.20, compared to the broader market-1.000.001.002.003.004.00
XXXX: -0.20
SPXL: 0.11
The chart of Sortino ratio for XXXX, currently valued at 0.22, compared to the broader market-2.000.002.004.006.008.00
XXXX: 0.22
SPXL: 0.55
The chart of Omega ratio for XXXX, currently valued at 1.03, compared to the broader market0.501.001.502.002.50
XXXX: 1.03
SPXL: 1.08
The chart of Calmar ratio for XXXX, currently valued at -0.25, compared to the broader market0.002.004.006.008.0010.0012.00
XXXX: -0.25
SPXL: 0.12
The chart of Martin ratio for XXXX, currently valued at -0.82, compared to the broader market0.0020.0040.0060.00
XXXX: -0.82
SPXL: 0.44

The current XXXX Sharpe Ratio is -0.15, which is lower than the SPXL Sharpe Ratio of 0.11. The chart below compares the historical Sharpe Ratios of XXXX and SPXL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00Dec 08Dec 15Dec 22Dec 29Jan 05Jan 12Jan 19Jan 26Feb 02Feb 09Feb 16Feb 23Mar 02Mar 09Mar 16Mar 23Mar 30Apr 06Apr 13Apr 20
-0.20
0.11
XXXX
SPXL

Dividends

XXXX vs. SPXL - Dividend Comparison

XXXX has not paid dividends to shareholders, while SPXL's dividend yield for the trailing twelve months is around 1.07%.


TTM20242023202220212020201920182017
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%
SPXL
Direxion Daily S&P 500 Bull 3X Shares
1.07%0.74%0.98%0.33%0.11%0.22%0.84%1.02%3.88%

Drawdowns

XXXX vs. SPXL - Drawdown Comparison

The maximum XXXX drawdown since its inception was -62.27%, smaller than the maximum SPXL drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for XXXX and SPXL. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-48.96%
-33.27%
XXXX
SPXL

Volatility

XXXX vs. SPXL - Volatility Comparison

MAX S&P 500 4X Leveraged ETN (XXXX) has a higher volatility of 55.51% compared to Direxion Daily S&P 500 Bull 3X Shares (SPXL) at 41.59%. This indicates that XXXX's price experiences larger fluctuations and is considered to be riskier than SPXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%20.00%30.00%40.00%50.00%60.00%NovemberDecember2025FebruaryMarchApril
55.51%
41.59%
XXXX
SPXL