SPYU vs HYEM
Comparison between MAX S&P 500 4X Leveraged ETN (SPYU, ETF) and VANECK EMERGING MARKETS HIGH YIELD BOND ETF (HYEM, ETF).
SPYU vs HYEM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
SPYU
$534M
HYEM
$534M
Expense Ratio
SPYU
N/A
HYEM
0.40%
Max Drawdown
SPYU
62.27%
Winner
HYEM
40.87%
Sharpe Ratio
SPYU
0.93
Winner
HYEM
0.99
5Y Beta
SPYU
3.84
Winner
HYEM
0.23
5Y Dividends CAGR
SPYU
N/A
HYEM
2.03%
SPYU vs HYEM - Historical Returns
Returns include dividend reinvestment.
1M
SPYU
-0.51%
Winner
HYEM
-0.14%
3M
Winner
SPYU
+17.27%
HYEM
+1.47%
6M
Winner
SPYU
+19.96%
HYEM
+3.24%
1Y
Winner
SPYU
+44.72%
HYEM
+8.23%
5Y(CAGR)
SPYU
N/A
HYEM
+3.08%
10Y(CAGR)
SPYU
N/A
HYEM
+4.39%
Max(CAGR)
Winner
SPYU
+44.84%
HYEM
+4.72%
SPYU vs HYEM - Annual Returns (2012 - 2026)
Returns include dividend reinvestment.
| Year | SPYU | HYEM |
|---|---|---|
| 2026 | +19.38% | +4.12% |
| 2025 | +18.62% | +9.01% |
| 2024 | +65.53% | +12.45% |
| 2023 | +16.31% | +7.86% |
| 2022 | N/A | -12.90% |
| 2021 | N/A | -0.98% |
| 2020 | N/A | +6.12% |
| 2019 | N/A | +13.10% |
| 2018 | N/A | -3.50% |
| 2017 | N/A | +8.03% |
| 2016 | N/A | +15.76% |
| 2015 | N/A | +3.55% |
| 2014 | N/A | -2.46% |
| 2013 | N/A | -1.69% |
| 2012 | N/A | +12.10% |
SPYU vs HYEM Drawdown Comparison
The maximum drawdown for SPYU was -62.27%, occurring on Apr 8, 2025. Recovery took 206 trading sessions.
The maximum drawdown for HYEM was -30.96%, occurring on Mar 19, 2020. Recovery took 192 trading sessions.
The current SPYU drawdown is -9.81%. The current HYEM drawdown is -0.19%.
| Rank | SPYU | HYEM |
|---|---|---|
| #1 | -62.27% Dec 4, 2024 - Oct 2, 2025 | -30.96% Feb 12, 2020 - Nov 13, 2020 |
| #2 | -37.25% Oct 29, 2025 - Apr 30, 2026 | -26.31% Jun 24, 2021 - Sep 17, 2024 |
| #3 | -31.99% Jul 16, 2024 - Oct 14, 2024 | -14.00% Jul 11, 2014 - May 13, 2016 |
| #4 | -21.75% Mar 27, 2024 - May 21, 2024 | -9.87% May 9, 2013 - Apr 1, 2014 |
| #5 | -17.78% Jun 2, 2026 - Jun 10, 2026 | -7.30% Feb 1, 2018 - Feb 5, 2019 |
| #6 | -11.96% Oct 14, 2024 - Nov 6, 2024 | -5.22% Feb 28, 2025 - May 16, 2025 |
| #7 | -11.60% Oct 8, 2025 - Oct 24, 2025 | -4.81% Sep 30, 2016 - Jan 5, 2017 |
| #8 | -8.92% Nov 11, 2024 - Nov 29, 2024 | -4.52% Aug 1, 2019 - Nov 25, 2019 |
| #9 | -8.11% Dec 28, 2023 - Jan 19, 2024 | -3.51% May 14, 2012 - Jun 25, 2012 |
| #10 | -7.88% May 14, 2026 - May 26, 2026 | -2.73% Feb 25, 2026 - Apr 16, 2026 |
| #11 | -7.20% May 21, 2024 - Jun 5, 2024 | -2.50% Jun 25, 2012 - Jul 13, 2012 |
| #12 | -7.07% Jan 29, 2024 - Feb 2, 2024 | -2.02% Feb 19, 2021 - May 6, 2021 |
| #13 | -6.01% Dec 19, 2023 - Dec 27, 2023 | -1.78% Sep 11, 2012 - Oct 16, 2012 |
| #14 | -5.78% Feb 9, 2024 - Feb 22, 2024 | -1.77% Jan 23, 2013 - Apr 4, 2013 |
| #15 | -4.63% Mar 1, 2024 - Mar 7, 2024 | -1.60% Jan 17, 2020 - Feb 12, 2020 |
Correlation
Correlation between SPYU and HYEM is 0.83 which considered as a strong positive correlation - the stocks tend to move together.
0.83
-101
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