XXXX vs. ^GSPC
Compare and contrast key facts about MAX S&P 500 4X Leveraged ETN (XXXX) and S&P 500 (^GSPC).
XXXX is a passively managed fund by Max that tracks the performance of the S&P 500. It was launched on Dec 4, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XXXX or ^GSPC.
Correlation
The correlation between XXXX and ^GSPC 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. ^GSPC - Performance Comparison
Key characteristics
XXXX:
-0.65
^GSPC:
-0.17
XXXX:
-0.62
^GSPC:
-0.11
XXXX:
0.91
^GSPC:
0.98
XXXX:
-0.69
^GSPC:
-0.15
XXXX:
-2.85
^GSPC:
-0.79
XXXX:
14.37%
^GSPC:
3.36%
XXXX:
62.93%
^GSPC:
15.95%
XXXX:
-59.32%
^GSPC:
-56.78%
XXXX:
-59.32%
^GSPC:
-17.42%
Returns By Period
In the year-to-date period, XXXX achieves a -52.11% return, which is significantly lower than ^GSPC's -13.73% return.
XXXX
-52.11%
-47.50%
-51.64%
-37.80%
N/A
N/A
^GSPC
-13.73%
-13.15%
-11.77%
-1.42%
15.35%
9.37%
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Risk-Adjusted Performance
XXXX vs. ^GSPC — Risk-Adjusted Performance Rank
XXXX
^GSPC
XXXX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MAX S&P 500 4X Leveraged ETN (XXXX) and S&P 500 (^GSPC). 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.
Drawdowns
XXXX vs. ^GSPC - Drawdown Comparison
The maximum XXXX drawdown since its inception was -59.32%, roughly equal to the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for XXXX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
XXXX vs. ^GSPC - Volatility Comparison
MAX S&P 500 4X Leveraged ETN (XXXX) has a higher volatility of 39.50% compared to S&P 500 (^GSPC) at 9.30%. This indicates that XXXX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.