XXXX vs. USSC.L
Compare and contrast key facts about MAX S&P 500 4X Leveraged ETN (XXXX) and SPDR MSCI USA Small Cap Value Weighted UCITS ETF (USSC.L).
XXXX and USSC.L 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. USSC.L is a passively managed fund by State Street that tracks the performance of the Russell 2000 TR USD. It was launched on Feb 18, 2015. Both XXXX and USSC.L 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 USSC.L.
Key characteristics
| XXXX | USSC.L | |
|---|---|---|
| YTD Return | 49.10% | 5.48% |
| Daily Std Dev | 160.40% | 20.89% |
| Max Drawdown | -31.99% | -48.99% |
| Current Drawdown | -10.30% | -2.50% |
Correlation
The correlation between XXXX and USSC.L is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
XXXX vs. USSC.L - Performance Comparison
In the year-to-date period, XXXX achieves a 49.10% return, which is significantly higher than USSC.L's 5.48% return. 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. USSC.L - Expense Ratio Comparison
XXXX has a 2.95% expense ratio, which is higher than USSC.L's 0.30% expense ratio.
Risk-Adjusted Performance
XXXX vs. USSC.L - 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 MSCI USA Small Cap Value Weighted UCITS ETF (USSC.L). 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. USSC.L - Dividend Comparison
Neither XXXX nor USSC.L has paid dividends to shareholders.
Drawdowns
XXXX vs. USSC.L - Drawdown Comparison
The maximum XXXX drawdown since its inception was -31.99%, smaller than the maximum USSC.L drawdown of -48.99%. Use the drawdown chart below to compare losses from any high point for XXXX and USSC.L. For additional features, visit the drawdowns tool.
Volatility
XXXX vs. USSC.L - Volatility Comparison
MAX S&P 500 4X Leveraged ETN (XXXX) has a higher volatility of 15.80% compared to SPDR MSCI USA Small Cap Value Weighted UCITS ETF (USSC.L) at 6.07%. This indicates that XXXX's price experiences larger fluctuations and is considered to be riskier than USSC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.