XXXX vs. ^GSPC

Performance

Risk-Adjusted Performance

Drawdowns

Volatility

XXXX vs. ^GSPC

Last updated Feb 15, 2025

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

The chart below illustrates the hypothetical performance of a $10,000 investment in MAX S&P 500 4X Leveraged ETN (XXXX) and S&P 500 (^GSPC). The values are adjusted to include any dividend payments, if applicable.

XXXX

^GSPC

Key characteristics

Sharpe Ratio

XXXX:

1.04

^GSPC:

1.83

Sortino Ratio

XXXX:

1.53

^GSPC:

2.47

Omega Ratio

XXXX:

1.20

^GSPC:

1.33

Calmar Ratio

XXXX:

1.65

^GSPC:

2.76

Martin Ratio

XXXX:

5.49

^GSPC:

11.27

Ulcer Index

XXXX:

9.61%

^GSPC:

2.08%

Daily Std Dev

XXXX:

50.41%

^GSPC:

12.79%

Max Drawdown

XXXX:

-31.99%

^GSPC:

-56.78%

Current Drawdown

XXXX:

-5.05%

^GSPC:

-0.07%

Returns By Period

In the year-to-date period, XXXX achieves a 11.79% return, which is significantly higher than ^GSPC's 3.96% return.

XXXX

YTD

11.79%

1M

8.67%

6M

23.59%

1Y

52.44%

5Y*

N/A

10Y*

N/A

^GSPC

YTD

3.96%

1M

2.77%

6M

10.09%

1Y

21.57%

5Y*

12.62%

10Y*

11.30%

*Annualized

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Symbol name

Symbol name

Risk-Adjusted Performance

XXXX vs. ^GSPC — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XXXX

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

^GSPC

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

XXXX

^GSPC

The current XXXX Sharpe Ratio is 1.04, which is lower than the ^GSPC Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of XXXX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

XXXX

^GSPC

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.

XXXX

^GSPC

Volatility

XXXX vs. ^GSPC - Volatility Comparison

MAX S&P 500 4X Leveraged ETN (XXXX) has a higher volatility of 12.44% compared to S&P 500 (^GSPC) at 3.21%. 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.

XXXX

^GSPC