CMBS vs SPYU

Comparison between ISHARES CMBS ETF (CMBS, ETF) and MAX S&P 500 4X Leveraged ETN (SPYU, ETF).

CMBS vs SPYU - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CMBS(ETF)	SPYU(ETF)
Net Assets	$481M	$482M
Expense Ratio	0.25%	N/A
Max Drawdown	20.92%	62.27%
Sharpe Ratio	0.11	1.27
5Y Beta	0.00	3.84
5Y Dividends CAGR	3.22%	N/A

Net Assets

CMBS

$481M

Winner

SPYU

$482M

Expense Ratio

CMBS

0.25%

SPYU

N/A

Max Drawdown

Winner

CMBS

20.92%

SPYU

62.27%

Sharpe Ratio

CMBS

0.11

Winner

SPYU

1.27

5Y Beta

Winner

CMBS

0.00

SPYU

3.84

5Y Dividends CAGR

CMBS

3.22%

SPYU

N/A

CMBS vs SPYU - Historical Returns

Returns include dividend reinvestment.

Period	CMBS	SPYU
1 month	+0.03%	+4.34%
3 months	-0.89%	+24.95%
6 months	+0.61%	+13.64%
1 year	+3.97%	+73.91%
5 years(CAGR)	+0.81%	N/A
10 years(CAGR)	+2.06%	N/A
Max(CAGR)	+2.38%	+46.25%

CMBS

+0.03%

Winner

SPYU

+4.34%

CMBS

-0.89%

Winner

SPYU

+24.95%

CMBS

+0.61%

Winner

SPYU

+13.64%

CMBS

+3.97%

Winner

SPYU

+73.91%

5Y(CAGR)

CMBS

+0.81%

SPYU

N/A

10Y(CAGR)

CMBS

+2.06%

SPYU

N/A

Max(CAGR)

CMBS

+2.38%

Winner

SPYU

+46.25%

CMBS vs SPYU - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	CMBS	SPYU
2026	+0.10%	+16.73%
2025	+7.26%	+18.62%
2024	+4.46%	+65.53%
2023	+5.03%	+16.31%
2022	-10.84%	N/A
2021	-1.82%	N/A
2020	+7.84%	N/A
2019	+7.93%	N/A
2018	+1.05%	N/A
2017	+3.29%	N/A
2016	+3.06%	N/A
2015	+0.69%	N/A
2014	+2.56%	N/A
2013	+0.39%	N/A
2012	+4.54%	N/A

CMBS vs SPYU Drawdown Comparison

The maximum drawdown for CMBS was -15.87%, occurring on Nov 3, 2022. Recovery took 1014 trading sessions.

The maximum drawdown for SPYU was -62.27%, occurring on Apr 8, 2025. Recovery took 206 trading sessions.

The current CMBS drawdown is -1.67%. The current SPYU drawdown is -11.80%.

Rank	CMBS	SPYU
#1	-15.87% Jul 20, 2021 - Aug 4, 2025	-62.27% Dec 4, 2024 - Oct 2, 2025
#2	-9.89% Mar 9, 2020 - Jul 30, 2020	-37.25% Oct 29, 2025 - Apr 30, 2026
#3	-4.94% Sep 7, 2016 - Sep 5, 2017	-31.99% Jul 16, 2024 - Oct 14, 2024
#4	-3.82% Sep 7, 2017 - Jan 3, 2019	-21.75% Mar 27, 2024 - May 21, 2024
#5	-3.33% May 21, 2013 - Apr 14, 2014	-11.96% Oct 14, 2024 - Nov 6, 2024
#6	-2.55% Jan 29, 2021 - Jul 20, 2021	-11.80% Jun 2, 2026 - Jun 5, 2026
#7	-2.44% Feb 27, 2026 - Mar 27, 2026	-11.60% Oct 8, 2025 - Oct 24, 2025
#8	-2.20% Feb 2, 2015 - Oct 14, 2015	-8.92% Nov 11, 2024 - Nov 29, 2024
#9	-2.05% Oct 14, 2015 - Jan 20, 2016	-8.11% Dec 28, 2023 - Jan 19, 2024
#10	-2.04% Sep 4, 2019 - Jan 27, 2020	-7.88% May 14, 2026 - May 26, 2026
#11	-1.84% Feb 11, 2016 - Apr 1, 2016	-7.20% May 21, 2024 - Jun 5, 2024
#12	-1.82% Jul 3, 2012 - Jul 25, 2012	-7.07% Jan 29, 2024 - Feb 2, 2024
#13	-1.60% Mar 7, 2012 - Jun 26, 2012	-6.01% Dec 19, 2023 - Dec 27, 2023
#14	-1.54% Oct 2, 2020 - Dec 11, 2020	-5.78% Feb 9, 2024 - Feb 22, 2024
#15	-1.38% Nov 28, 2014 - Jan 7, 2015	-4.63% Mar 1, 2024 - Mar 7, 2024