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 +35.12% over the past year and +13.96% YTD, with dividends reinvested. Since Dec. 5, 2023, SPYU is up +137.79% in real purchasing-power return, or +38.61%/yr, and is currently −11.51% below its real total-return high on Jun. 2, 2026.

Data ending Fri Jul. 31, 2026

Growth of $10,000

Tue 2023-12-05💬 to Fri 2026-07-31 Overall
Return 		Exponential
Trendline
SPYU × 		+137.79%
+38.61%/yr 		+22.58%/yr
R2=0.468
MAX S P 500 4X Leveraged ETN Exchange-Traded Fund

Growth of $10,000 Summary

Tue 2023-12-05💬 to Fri 2026-07-31 Start
Value 		End
Value
SPYU × 		$10,000.00
2023-12-05 		$23,778.93
2026-07-31

This Year’s Performance

through 2026-07-31

  YTD YoY
SPYU × 		+13.96% +35.12%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
SPYU × 		−11.51%
on 2026-07-31
from 2026-06-02 peak 		−62.81%
on 2025-04-08
from 2024-12-04 peak

Rolling Returns

Period ending Fri 2026-07-31 1 yr 2 yr 3 yr 5 yr 10 yr
SPYU × 		+35.12% +42.80%
+19.50%/yr 		— — —

Annual Returns

Year SPYU
2026 (YTD) +13.96%
2025 +14.30%
2024 +56.84%
2023 +16.39%