SPYU vs CFA

Comparison between MAX S&P 500 4X Leveraged ETN (SPYU, ETF) and VICTORYSHARES US 500 VOLATILITY WTD ETF (CFA, ETF).

SPYU vs CFA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SPYU(ETF)	CFA(ETF)
Net Assets	$534M	$534M
Expense Ratio	N/A	0.35%
Max Drawdown	62.27%	37.86%
Sharpe Ratio	0.93	0.82
5Y Beta	3.84	0.73
P/E Ratio	N/A	23.04
Forward P/E	N/A	17.82
PEG Ratio	N/A	0.32
5Y Dividends CAGR	N/A	13.45%
5Y EPS CAGR	N/A	12.55%
Debt to Equity	N/A	12.91%
P/S Ratio	N/A	1.99
P/B Ratio	N/A	3.47

Net Assets

Winner

SPYU

$534M

CFA

$534M

Expense Ratio

SPYU

N/A

CFA

0.35%

Max Drawdown

SPYU

62.27%

Winner

CFA

37.86%

Sharpe Ratio

Winner

SPYU

0.93

CFA

0.82

5Y Beta

SPYU

3.84

Winner

CFA

0.73

P/E Ratio

SPYU

N/A

CFA

23.04

Forward P/E

SPYU

N/A

CFA

17.82

PEG Ratio

SPYU

N/A

CFA

0.32

5Y Dividends CAGR

SPYU

N/A

CFA

13.45%

5Y EPS CAGR

SPYU

N/A

CFA

12.55%

Debt to Equity

SPYU

N/A

CFA

12.91%

P/S Ratio

SPYU

N/A

CFA

1.99

P/B Ratio

SPYU

N/A

CFA

3.47

SPYU vs CFA - Historical Returns

Returns include dividend reinvestment.

Period	SPYU	CFA
1 month	-0.51%	+1.37%
3 months	+17.27%	+3.55%
6 months	+19.96%	+5.57%
1 year	+44.72%	+13.18%
5 years(CAGR)	N/A	+8.04%
10 years(CAGR)	N/A	+11.40%
Max(CAGR)	+44.84%	+10.48%

SPYU

-0.51%

Winner

CFA

+1.37%

Winner

SPYU

+17.27%

CFA

+3.55%

Winner

SPYU

+19.96%

CFA

+5.57%

Winner

SPYU

+44.72%

CFA

+13.18%

5Y(CAGR)

SPYU

N/A

CFA

+8.04%

10Y(CAGR)

SPYU

N/A

CFA

+11.40%

Max(CAGR)

Winner

SPYU

+44.84%

CFA

+10.48%

SPYU vs CFA - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

Year	SPYU	CFA
2026	+19.38%	+8.68%
2025	+18.62%	+8.76%
2024	+65.53%	+15.26%
2023	+16.31%	+11.98%
2022	N/A	-10.96%
2021	N/A	+27.98%
2020	N/A	+11.49%
2019	N/A	+31.11%
2018	N/A	-9.01%
2017	N/A	+21.65%
2016	N/A	+16.93%
2015	N/A	+0.12%
2014	N/A	+4.74%

SPYU vs CFA Drawdown Comparison

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

The maximum drawdown for CFA was -37.73%, occurring on Mar 23, 2020. Recovery took 182 trading sessions.

The current SPYU drawdown is -9.81%. The current CFA drawdown is -1.04%.

Rank	SPYU	CFA
#1	-62.27% Dec 4, 2024 - Oct 2, 2025	-37.73% Feb 19, 2020 - Nov 5, 2020
#2	-37.25% Oct 29, 2025 - Apr 30, 2026	-20.87% Dec 29, 2021 - Jan 29, 2024
#3	-31.99% Jul 16, 2024 - Oct 14, 2024	-20.84% Sep 20, 2018 - Apr 30, 2019
#4	-21.75% Mar 27, 2024 - May 21, 2024	-17.28% Nov 29, 2024 - Aug 22, 2025
#5	-17.78% Jun 2, 2026 - Jun 10, 2026	-14.17% Jun 23, 2015 - Apr 27, 2016
#6	-11.96% Oct 14, 2024 - Nov 6, 2024	-9.12% Jan 26, 2018 - Aug 17, 2018
#7	-11.60% Oct 8, 2025 - Oct 24, 2025	-7.52% Sep 17, 2014 - Oct 29, 2014
#8	-8.92% Nov 11, 2024 - Nov 29, 2024	-7.13% Mar 2, 2026 - Jun 2, 2026
#9	-8.11% Dec 28, 2023 - Jan 19, 2024	-6.65% Jun 8, 2016 - Jul 11, 2016
#10	-7.88% May 14, 2026 - May 26, 2026	-6.21% Jul 26, 2019 - Oct 29, 2019
#11	-7.20% May 21, 2024 - Jun 5, 2024	-5.85% Apr 30, 2019 - Jun 20, 2019
#12	-7.07% Jan 29, 2024 - Feb 2, 2024	-5.54% Nov 16, 2021 - Dec 27, 2021
#13	-6.01% Dec 19, 2023 - Dec 27, 2023	-5.53% Mar 28, 2024 - Jul 12, 2024
#14	-5.78% Feb 9, 2024 - Feb 22, 2024	-5.29% Nov 26, 2014 - Dec 29, 2014
#15	-4.63% Mar 1, 2024 - Mar 7, 2024	-5.13% Sep 2, 2021 - Oct 21, 2021