All charts and data below are CPI-U inflation-adjusted and with dividends reinvested. (Why?)

Total Real Returns

SPYU: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

SPYU real return snapshot: after CPI-U inflation, SPYU returned +10.75% over the past year and +18.83% YTD, with dividends reinvested. Since Dec. 5, 2023, SPYU is up +147.94% in real purchasing-power return, or +36.86%/yr, and is currently −10.32% below its real total-return high on Aug. 13, 2026.

Data ending Tue Oct. 27, 2026

Growth of $10,000

Tue 2023-12-05💬 to Tue 2026-10-27 Overall
Return 		Exponential
Trendline
SPYU × 		+147.94%
+36.86%/yr 		+24.53%/yr
R2=0.563
MAX S P 500 4X Leveraged ETN Exchange-Traded Fund

Growth of $10,000 Summary

Tue 2023-12-05💬 to Tue 2026-10-27 Start
Value 		End
Value
SPYU × 		$10,000.00
2023-12-05 		$24,794.23
2026-10-27

This Year’s Performance

through 2026-10-27

  YTD YoY
SPYU × 		+18.83% +10.75%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
SPYU × 		−10.32%
on 2026-10-27
from 2026-08-13 peak 		−62.81%
on 2025-04-08
from 2024-12-04 peak

Rolling Returns

Period ending Tue 2026-10-27 1 yr 2 yr 3 yr 5 yr 10 yr
SPYU × 		+10.75% +34.12%
+15.81%/yr 		— — —

Annual Returns

Year SPYU
2026 (YTD) +18.83%
2025 +14.30%
2024 +56.84%
2023 +16.39%