ELM vs SPYU
Comparison between ELM MARKET NAVIGATOR ETF (ELM, ETF) and MAX S&P 500 4X Leveraged ETN (SPYU, ETF).
ELM vs SPYU - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
ELM
$574M
Winner
SPYU
$575M
Expense Ratio
ELM
0.24%
SPYU
N/A
Max Drawdown
Winner
ELM
9.02%
SPYU
62.27%
Sharpe Ratio
Winner
ELM
1.35
SPYU
1.22
5Y Beta
Winner
ELM
0.46
SPYU
3.84
ELM vs SPYU - Historical Returns
Returns include dividend reinvestment.
1M
Winner
ELM
+0.73%
SPYU
-1.90%
3M
ELM
+6.05%
Winner
SPYU
+39.93%
6M
ELM
+7.71%
Winner
SPYU
+18.42%
1Y
ELM
+17.33%
Winner
SPYU
+64.55%
Max(CAGR)
ELM
+14.32%
Winner
SPYU
+46.53%
ELM vs SPYU - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | ELM | SPYU |
|---|---|---|
| 2026 | +6.32% | +18.14% |
| 2025 | +11.89% | +18.62% |
| 2024 | N/A | +65.53% |
| 2023 | N/A | +16.31% |
ELM vs SPYU Drawdown Comparison
The maximum drawdown for ELM was -9.02%, occurring on Apr 8, 2025. Recovery took 74 trading sessions.
The maximum drawdown for SPYU was -62.27%, occurring on Apr 8, 2025. Recovery took 206 trading sessions.
The current ELM drawdown is -1.29%. The current SPYU drawdown is -10.74%.
| Rank | ELM | SPYU |
|---|---|---|
| #1 | -9.02% Feb 18, 2025 - Jun 4, 2025 | -62.27% Dec 4, 2024 - Oct 2, 2025 |
| #2 | -7.52% Feb 25, 2026 - May 6, 2026 | -37.25% Oct 29, 2025 - Apr 30, 2026 |
| #3 | -3.77% Oct 27, 2025 - Dec 24, 2025 | -31.99% Jul 16, 2024 - Oct 14, 2024 |
| #4 | -2.92% Jun 2, 2026 - Jun 10, 2026 | -21.75% Mar 27, 2024 - May 21, 2024 |
| #5 | -2.42% Oct 6, 2025 - Oct 20, 2025 | -17.78% Jun 2, 2026 - Jun 10, 2026 |
| #6 | -2.13% Jul 23, 2025 - Aug 12, 2025 | -11.96% Oct 14, 2024 - Nov 6, 2024 |
| #7 | -1.68% May 11, 2026 - May 26, 2026 | -11.60% Oct 8, 2025 - Oct 24, 2025 |
| #8 | -1.54% Jan 27, 2026 - Feb 9, 2026 | -8.92% Nov 11, 2024 - Nov 29, 2024 |
| #9 | -1.34% Jun 12, 2025 - Jun 24, 2025 | -8.11% Dec 28, 2023 - Jan 19, 2024 |
| #10 | -1.19% Jan 12, 2026 - Jan 22, 2026 | -7.88% May 14, 2026 - May 26, 2026 |
| #11 | -0.99% Aug 22, 2025 - Sep 5, 2025 | -7.20% May 21, 2024 - Jun 5, 2024 |
| #12 | -0.80% Jul 17, 2025 - Jul 22, 2025 | -7.07% Jan 29, 2024 - Feb 2, 2024 |
| #13 | -0.79% Sep 23, 2025 - Sep 30, 2025 | -6.01% Dec 19, 2023 - Dec 27, 2023 |
| #14 | -0.65% Aug 13, 2025 - Aug 22, 2025 | -5.78% Feb 9, 2024 - Feb 22, 2024 |
| #15 | -0.54% Jul 3, 2025 - Jul 9, 2025 | -4.63% Mar 1, 2024 - Mar 7, 2024 |
Correlation
Correlation between ELM and SPYU is 0.88 which considered as a strong positive correlation - the stocks tend to move together.
0.88
-101
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