SPYU — MAX S P 500 4X Leveraged ETN
MAX S P 500 4X Leveraged ETN (SPYU)
SPYU pays a 0.00% distribution rate, on a 0.00% expense ratio. Total return is 249.9% over the past 2.7 years, 174.1 points ahead of SPY at 75.8%. Its deepest 1-year drawdown was 37.2%.
MAX S P 500 4X Leveraged ETN is a leveraged exchange-traded note issued by Bank of Montreal that seeks to deliver four times the daily performance of the S&P 500 index through the use of financial leverage and derivatives. The ETN carries a 0.00% expense ratio and does not distribute income, making it a non-yielding product designed purely for price appreciation potential. This product is structured for traders and sophisticated investors seeking amplified equity market exposure on a short-term basis, rather than for income-focused or long-term buy-and-hold investors, and carries substantial volatility and counterparty risk inherent to leveraged and inverse ETN structures.
SPYU key facts
- Issuer
- Bank of Montreal
- Asset type
- ETN
- Asset class
- Equity
- Inception date
- 12/04/2023
- Expense ratio
- 0.00%
- Distribution rate
- 0.00%
- Last close
- $37.16
- AUM
- $515,677,447
- Average volume
- 410400.0
- Beta
- 3.9376
More funds from Bank of Montreal.
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