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SPYU
+2.83 · +11.30%
$27.82 · NYSE ARCA

MAX S P 500 4X Leveraged ETN (SPYU) ETF Analysis | Trading--Leveraged Equity

Bank of Montreal · USA
AUM:$444.1M
#– of – in Trading--Leveraged Equity ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

Up 19.2% over the past year, showing positive momentum.

What is SPYU?

The notes are intended to be daily trading tools for sophisticated investors to manage daily trading risks as part of an overall diversified portfolio. They are designed to achieve their stated investment objectives on a daily basis.

Performance Highlights

Returns (%)
Cost & Yield (%)

Investment Breakdown

Strong Recent Performance
SPYU delivered 19.2% over the past year. Historical returns only — past performance is not indicative of future results.
Concentrated Holdings
Top 10 holdings account for 100.0% of the ETF — significant weight in a small number of names.
ETF Information
AUM$444.1M
Expense Ratio0.00%
Dividend Yield0.00%
Holdings1
Inception DateDec 2023
Domicile–
Distribution–
Index–
ProviderBank of Montreal
Beta–
CategoryTrading--Leveraged Equity
CurrencyUSD
Portfolio Impact

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Example preview
6168
+7 points · better diversified

Chart Tools

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Compare Equity
Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
+33.3%
1Y
+42.5%
3Y
+233.7%
5Y
+233.7%
OpenBook InsightIf you had invested £10,000 in SPYU 5 years ago, it would have grown to £33,371 — a gain of £23,371.

Annual Returns

Calendar year performance

SPYU delivered positive returns in 4 of the last 4 calendar years.
YearSPYU
2026 YTD+28.5%
2025+18.6%
2024+65.5%
2023+36.3%
CAGR 3yr+38.9%
4/4 positive yearsAvg return: +37.2%Worst year: +18.6% (2025)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: MIXED
Trend Strength
67%
Positive
Volatility
47.0%
Very High
Momentum
+11.0%
30-day change
Support Level
34.09
Key floor
Key Insights
  • Elevated volatility indicates higher short-term price variability and risk.
  • Monitor key support and resistance levels as part of broader risk assessment.
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