Performance analysis of SPYU (MAX S&P 500 4X Leveraged ETN)
Annual Return
Since Dec 5, 2023, SPYU has had an average annual return of +53.96%, outperforming the benchmark SPY, which returned +24.19% annual.
| 2026 | 2025 | 2024 | 2023 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| +33.15% | +17.35% | +61.35% | +16.31% |
Monthly Return
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annually Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +3.10% | -5.95% | -21.62% | +44.53% | +19.42% | +1.50% | +33.15% | ||||||
| 2025 | +7.41% | -7.95% | -24.11% | -15.17% | +22.29% | +18.81% | +6.71% | +5.08% | +12.03% | +6.04% | -2.34% | -2.44% | +17.35% |
| 2024 | +3.10% | +18.52% | +10.48% | -18.09% | +17.77% | +11.72% | +0.80% | +4.81% | +5.32% | -6.87% | +21.96% | -12.26% | +61.35% |
| 2023 | +16.31% | +16.31% |
Drawdown analysis of SPYU (MAX S&P 500 4X Leveraged ETN)
The maximum drawdown for the SPYU was -62.27%, occurring on Apr 8, 2025. Recovery took 122 trading sessions.
Since Dec 5, 2023 SPYU has experienced the following drawdowns:
- 50% or more: 1 time
- 40% or more: 1 time
- 30% or more: 3 times
- 20% or more: 4 times
- 10% or more: 6 times
| Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -62.27% | Dec 4, 2024 | 84 | Apr 8, 2025 | 122 | Oct 2, 2025 | 206 |
| -37.25% | Oct 29, 2025 | 103 | Mar 30, 2026 | 22 | Apr 30, 2026 | 125 |
| -31.99% | Jul 16, 2024 | 14 | Aug 5, 2024 | 49 | Oct 14, 2024 | 63 |
| -21.75% | Mar 27, 2024 | 16 | Apr 19, 2024 | 22 | May 21, 2024 | 38 |
| -11.96% | Oct 14, 2024 | 13 | Oct 31, 2024 | 4 | Nov 6, 2024 | 17 |
| -11.60% | Oct 8, 2025 | 2 | Oct 10, 2025 | 10 | Oct 24, 2025 | 12 |
| -8.92% | Nov 11, 2024 | 4 | Nov 15, 2024 | 9 | Nov 29, 2024 | 13 |
| -8.11% | Dec 28, 2023 | 4 | Jan 4, 2024 | 10 | Jan 19, 2024 | 14 |
| -7.88% | May 14, 2026 | 3 | May 19, 2026 | 4 | May 26, 2026 | 7 |
| -7.20% | May 21, 2024 | 6 | May 30, 2024 | 4 | Jun 5, 2024 | 10 |
| -7.07% | Jan 29, 2024 | 2 | Jan 31, 2024 | 2 | Feb 2, 2024 | 4 |
| -6.01% | Dec 19, 2023 | 1 | Dec 20, 2023 | 4 | Dec 27, 2023 | 5 |
| -5.77% | Feb 9, 2024 | 2 | Feb 13, 2024 | 6 | Feb 22, 2024 | 8 |
| -4.63% | Mar 1, 2024 | 2 | Mar 5, 2024 | 2 | Mar 7, 2024 | 4 |
| -4.56% | Mar 12, 2024 | 3 | Mar 15, 2024 | 3 | Mar 20, 2024 | 6 |
| -3.56% | Jul 10, 2024 | 1 | Jul 11, 2024 | 3 | Jul 16, 2024 | 4 |
| -3.39% | Jun 18, 2024 | 3 | Jun 24, 2024 | 6 | Jul 2, 2024 | 9 |
| -3.02% | Mar 7, 2024 | 2 | Mar 11, 2024 | 1 | Mar 12, 2024 | 3 |
| -2.89% | Mar 21, 2024 | 3 | Mar 26, 2024 | 1 | Mar 27, 2024 | 4 |
| -1.55% | Feb 23, 2024 | 3 | Feb 28, 2024 | 2 | Mar 1, 2024 | 5 |
| -1.53% | Oct 6, 2025 | 1 | Oct 7, 2025 | 1 | Oct 8, 2025 | 2 |
| -1.52% | May 1, 2026 | 1 | May 4, 2026 | 1 | May 5, 2026 | 2 |
| -1.37% | Dec 5, 2023 | 1 | Dec 6, 2023 | 1 | Dec 7, 2023 | 2 |
| -1.34% | Feb 2, 2024 | 1 | Feb 5, 2024 | 2 | Feb 7, 2024 | 3 |
| -1.32% | May 6, 2026 | 1 | May 7, 2026 | 1 | May 8, 2026 | 2 |