XXXX vs. SPY
Compare and contrast key facts about MAX S&P 500 4X Leveraged ETN (XXXX) and SPDR S&P 500 ETF (SPY).
XXXX and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both XXXX and SPY 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 SPY.
Correlation
The correlation between XXXX and SPY 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. SPY - Performance Comparison
Key characteristics
XXXX:
1.33
SPY:
2.20
XXXX:
1.80
SPY:
2.91
XXXX:
1.24
SPY:
1.41
XXXX:
2.11
SPY:
3.35
XXXX:
7.20
SPY:
13.99
XXXX:
9.39%
SPY:
2.01%
XXXX:
50.68%
SPY:
12.79%
XXXX:
-31.99%
SPY:
-55.19%
XXXX:
-13.34%
SPY:
-1.35%
Returns By Period
The year-to-date returns for both stocks are quite close, with XXXX having a 2.03% return and SPY slightly lower at 1.96%.
XXXX
2.03%
1.71%
11.72%
65.96%
N/A
N/A
SPY
1.96%
2.27%
9.55%
27.02%
14.23%
13.44%
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XXXX vs. SPY - Expense Ratio Comparison
XXXX has a 2.95% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
XXXX vs. SPY — Risk-Adjusted Performance Rank
XXXX
SPY
XXXX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MAX S&P 500 4X Leveraged ETN (XXXX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
XXXX vs. SPY - Dividend Comparison
XXXX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.18%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
XXXX vs. SPY - Drawdown Comparison
The maximum XXXX drawdown since its inception was -31.99%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for XXXX and SPY. For additional features, visit the drawdowns tool.
Volatility
XXXX vs. SPY - Volatility Comparison
MAX S&P 500 4X Leveraged ETN (XXXX) has a higher volatility of 19.93% compared to SPDR S&P 500 ETF (SPY) at 5.10%. This indicates that XXXX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.