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 0.98, 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:
1.33
^GSPC:
2.06
XXXX:
1.80
^GSPC:
2.74
XXXX:
1.24
^GSPC:
1.38
XXXX:
2.11
^GSPC:
3.13
XXXX:
7.20
^GSPC:
12.84
XXXX:
9.39%
^GSPC:
2.07%
XXXX:
50.68%
^GSPC:
12.87%
XXXX:
-31.99%
^GSPC:
-56.78%
XXXX:
-13.34%
^GSPC:
-1.54%
Returns By Period
The year-to-date returns for both stocks are quite close, with XXXX having a 2.03% return and ^GSPC slightly lower at 1.96%.
XXXX
2.03%
1.71%
11.72%
65.96%
N/A
N/A
^GSPC
1.96%
2.21%
8.93%
23.90%
12.52%
11.46%
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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 -31.99%, smaller than 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 19.93% compared to S&P 500 (^GSPC) at 5.07%. 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.