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:
-0.17
^GSPC:
0.46
XXXX:
0.27
^GSPC:
0.77
XXXX:
1.04
^GSPC:
1.11
XXXX:
-0.21
^GSPC:
0.47
XXXX:
-0.70
^GSPC:
1.94
XXXX:
18.93%
^GSPC:
4.61%
XXXX:
76.58%
^GSPC:
19.44%
XXXX:
-62.27%
^GSPC:
-56.78%
XXXX:
-47.60%
^GSPC:
-10.07%
Returns By Period
In the year-to-date period, XXXX achieves a -38.31% return, which is significantly lower than ^GSPC's -6.06% return.
XXXX
-38.31%
-22.79%
-39.07%
-14.63%
N/A
N/A
^GSPC
-6.06%
-2.95%
-4.87%
8.34%
13.98%
10.15%
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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 -62.27%, which is greater than ^GSPC's maximum 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 55.64% compared to S&P 500 (^GSPC) at 14.23%. 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.