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 +26.45% over the past year and +26.44% YTD, with dividends reinvested. Since Dec. 5, 2023, SPYU is up +163.82% in real purchasing-power return, or +40.73%/yr, and is currently −4.58% below its real total-return high on Aug. 13, 2026.

Data ending Wed Oct. 7, 2026

Growth of $10,000

Tue 2023-12-05💬 to Wed 2026-10-07 Overall
Return 		Exponential
Trendline
SPYU × 		+163.82%
+40.73%/yr 		+24.38%/yr
R2=0.547
MAX S P 500 4X Leveraged ETN Exchange-Traded Fund

Growth of $10,000 Summary

Tue 2023-12-05💬 to Wed 2026-10-07 Start
Value 		End
Value
SPYU × 		$10,000.00
2023-12-05 		$26,381.67
2026-10-07

This Year’s Performance

through 2026-10-07

  YTD YoY
SPYU × 		+26.44% +26.45%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
SPYU × 		−4.58%
on 2026-10-07
from 2026-08-13 peak 		−62.81%
on 2025-04-08
from 2024-12-04 peak

Rolling Returns

Period ending Wed 2026-10-07 1 yr 2 yr 3 yr 5 yr 10 yr
SPYU × 		+26.45% +51.41%
+23.05%/yr 		— — —

Annual Returns

Year SPYU
2026 (YTD) +26.44%
2025 +14.30%
2024 +56.84%
2023 +16.39%