SPYU vs XVOL
MAX S&P 500 4X Leveraged ETN vs Acruence Active Hedge US Equity ETF
Which is better, SPYU or XVOL?
SPYU has been ahead.
SPYU led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SPYU | XVOL |
|---|---|---|
| Expense Ratio | - | 0.83% |
| AUM | $567M | $2M |
| Dividend Yield | 0.00% | 2.00% |
| Holdings | - | 83 |
| Volatility (annualized) | 48.6% | 15.8%Best |
| Max Drawdown | -62.3% | -21.5%Best |
| $10,000 over 2.4 years | $22,547Best | $13,695 |
| Fund Family | BMO Capital Markets | Acruence Capital, LLC |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 4, 2023 | Apr 21, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 181 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. SPYU has data through Oct 14, 2026 and XVOL through Apr 16, 2026.
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: Dec 5, 2023 to Apr 16, 2026 (2.4 years).
Risk: Volatility and Drawdowns
SPYU has been the more volatile fund, with annualized monthly volatility of 48.6% compared with 15.8% for XVOL. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -62.3% for SPYU and -21.5% for XVOL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
You are not choosing between two funds in isolation.
Whichever of SPYU and XVOL you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is riskier, SPYU or XVOL?
SPYU has been the more volatile fund at 48.6% annualized versus 15.8% for XVOL. Worst drawdown: SPYU -62.3% vs XVOL -21.5%.
Should I hold both SPYU and XVOL?
SPYU and XVOL have a monthly-return correlation of 0.77, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SPYU or XVOL?
SPYU yields 0.00% while XVOL yields 2.00%, so XVOL currently pays the higher dividend yield.
Is XVOL better than SPYU?
SPYU led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.