XXXX vs. UPRO
Compare and contrast key facts about MAX S&P 500 4X Leveraged ETN (XXXX) and ProShares UltraPro S&P 500 (UPRO).
XXXX and UPRO 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. UPRO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (300%). It was launched on Jun 23, 2009. Both XXXX and UPRO 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 UPRO.
Key characteristics
| XXXX | UPRO | |
|---|---|---|
| YTD Return | 50.17% | 47.75% |
| Daily Std Dev | 159.58% | 37.78% |
| Max Drawdown | -31.99% | -76.82% |
| Current Drawdown | -9.66% | -5.70% |
Correlation
The correlation between XXXX and UPRO 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. UPRO - Performance Comparison
The year-to-date returns for both stocks are quite close, with XXXX having a 50.17% return and UPRO slightly lower at 47.75%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XXXX vs. UPRO - Expense Ratio Comparison
XXXX has a 2.95% expense ratio, which is higher than UPRO's 0.92% expense ratio.
Risk-Adjusted Performance
XXXX vs. UPRO - 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 UltraPro S&P 500 (UPRO). 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. UPRO - Dividend Comparison
XXXX has not paid dividends to shareholders, while UPRO's dividend yield for the trailing twelve months is around 0.65%.
| 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% |
UPRO ProShares UltraPro S&P 500 | 0.65% | 0.74% | 0.52% | 0.06% | 0.11% | 0.53% | 0.63% | 0.00% | 0.12% | 0.34% | 0.22% | 0.07% |
Drawdowns
XXXX vs. UPRO - Drawdown Comparison
The maximum XXXX drawdown since its inception was -31.99%, smaller than the maximum UPRO drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for XXXX and UPRO. For additional features, visit the drawdowns tool.
Volatility
XXXX vs. UPRO - Volatility Comparison
MAX S&P 500 4X Leveraged ETN (XXXX) has a higher volatility of 15.35% compared to ProShares UltraPro S&P 500 (UPRO) at 11.55%. This indicates that XXXX's price experiences larger fluctuations and is considered to be riskier than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.