SPYU vs QDEF
Comparison between MAX S&P 500 4X Leveraged ETN (SPYU, ETF) and FLEXSHARES QUALITY DIVIDEND DEFENSIVE INDEX FUND (QDEF, ETF).
SPYU vs QDEF - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SPYU
$534M
Winner
QDEF
$535M
Expense Ratio
SPYU
N/A
QDEF
0.39%
Max Drawdown
SPYU
62.27%
Winner
QDEF
36.22%
Sharpe Ratio
SPYU
0.93
Winner
QDEF
1.49
5Y Beta
SPYU
3.84
Winner
QDEF
0.71
P/E Ratio
SPYU
N/A
QDEF
21.74
Forward P/E
SPYU
N/A
QDEF
17.69
PEG Ratio
SPYU
N/A
QDEF
0.27
5Y Dividends CAGR
SPYU
N/A
QDEF
4.26%
5Y EPS CAGR
SPYU
N/A
QDEF
23.65%
Debt to Equity
SPYU
N/A
QDEF
20.80%
P/S Ratio
SPYU
N/A
QDEF
3.39
P/B Ratio
SPYU
N/A
QDEF
5.16
SPYU vs QDEF - Historical Returns
Returns include dividend reinvestment.
1M
SPYU
-0.51%
Winner
QDEF
+2.43%
3M
Winner
SPYU
+17.27%
QDEF
+5.85%
6M
Winner
SPYU
+19.96%
QDEF
+9.28%
1Y
Winner
SPYU
+44.72%
QDEF
+19.36%
5Y(CAGR)
SPYU
N/A
QDEF
+12.44%
10Y(CAGR)
SPYU
N/A
QDEF
+11.98%
Max(CAGR)
Winner
SPYU
+44.84%
QDEF
+12.71%
SPYU vs QDEF - Annual Returns (2012 - 2026)
Returns include dividend reinvestment.
| Year | SPYU | QDEF |
|---|---|---|
| 2026 | +19.38% | +9.57% |
| 2025 | +18.62% | +17.60% |
| 2024 | +65.53% | +21.27% |
| 2023 | +16.31% | +17.68% |
| 2022 | N/A | -10.90% |
| 2021 | N/A | +27.71% |
| 2020 | N/A | +3.01% |
| 2019 | N/A | +25.36% |
| 2018 | N/A | -4.43% |
| 2017 | N/A | +16.51% |
| 2016 | N/A | +16.55% |
| 2015 | N/A | +0.02% |
| 2014 | N/A | +15.03% |
| 2013 | N/A | +33.47% |
| 2012 | N/A | -2.51% |
SPYU vs QDEF Drawdown Comparison
The maximum drawdown for SPYU was -62.27%, occurring on Apr 8, 2025. Recovery took 206 trading sessions.
The maximum drawdown for QDEF was -35.71%, occurring on Mar 23, 2020. Recovery took 215 trading sessions.
The current SPYU drawdown is -9.81%. The current QDEF drawdown is -0.30%.
| Rank | SPYU | QDEF |
|---|---|---|
| #1 | -62.27% Dec 4, 2024 - Oct 2, 2025 | -35.71% Feb 12, 2020 - Dec 17, 2020 |
| #2 | -37.25% Oct 29, 2025 - Apr 30, 2026 | -21.38% Dec 29, 2021 - Jul 19, 2023 |
| #3 | -31.99% Jul 16, 2024 - Oct 14, 2024 | -16.85% Sep 21, 2018 - Mar 21, 2019 |
| #4 | -21.75% Mar 27, 2024 - May 21, 2024 | -14.44% Dec 2, 2024 - Jun 12, 2025 |
| #5 | -17.78% Jun 2, 2026 - Jun 10, 2026 | -12.04% May 21, 2015 - Mar 31, 2016 |
| #6 | -11.96% Oct 14, 2024 - Nov 6, 2024 | -9.87% Jan 26, 2018 - Aug 3, 2018 |
| #7 | -11.60% Oct 8, 2025 - Oct 24, 2025 | -8.96% Jul 28, 2023 - Dec 8, 2023 |
| #8 | -8.92% Nov 11, 2024 - Nov 29, 2024 | -6.95% Feb 9, 2026 - Apr 17, 2026 |
| #9 | -8.11% Dec 28, 2023 - Jan 19, 2024 | -6.44% Apr 30, 2019 - Jun 20, 2019 |
| #10 | -7.88% May 14, 2026 - May 26, 2026 | -6.10% Sep 3, 2014 - Oct 28, 2014 |
| #11 | -7.20% May 21, 2024 - Jun 5, 2024 | -5.92% Dec 31, 2013 - Feb 28, 2014 |
| #12 | -7.07% Jan 29, 2024 - Feb 2, 2024 | -5.83% Jul 29, 2019 - Oct 25, 2019 |
| #13 | -6.01% Dec 19, 2023 - Dec 27, 2023 | -5.60% Sep 3, 2021 - Nov 2, 2021 |
| #14 | -5.78% Feb 9, 2024 - Feb 22, 2024 | -5.59% Aug 15, 2016 - Nov 21, 2016 |
| #15 | -4.63% Mar 1, 2024 - Mar 7, 2024 | -5.26% Mar 28, 2024 - May 15, 2024 |
Correlation
Correlation between SPYU and QDEF is 0.89 which considered as a strong positive correlation - the stocks tend to move together.
0.89
-101
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