Bank of MontrealLeveraged EquitySPYU · NYSE Arca

MAX S&P 500 4X Leveraged ETN (SPYU)

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Price: $34.07; —11 Sept 2026
Assets: $559M; Total net assets
Expense ratio: 0.00%; Category 0.00%
Yield: 0.00%; Trailing distributions

1Y return: 31.6%-0.7%; Category 32.3%
3Y CAGR: —; Category 25.3%
5Y CAGR: —; Category 6.1%

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MAX S&P 500 4X Leveraged ETN

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	-6.7%	+4.5%	+50.0%	+24.3%	+31.6%	—	—	—	+52.3%
Leveraged Equity average	-3.1%	-7.2%	21.2%	13.2%	32.3%	25.3%	6.1%	9.5%	-5.3%
Difference	-3.6%	+11.8%	+28.8%	+11.0%	-0.7%	—	—	—	+57.6%

Holdings

Allocation as last published by the fund.

Sector allocation

Share of the equity the fund holds.

Financial services18.3%
Health care17.0%
Consumer discretionary15.1%
Communication services13.0%
Industrials11.1%
Consumer staples8.6%
Energy4.9%
Utilities3.9%
Real estate3.4%
Materials2.9%
Technology1.9%

Asset mix

Stocks100.0%

ETF details

Issuer: Bank of Montreal
Category: Equity · Leveraged Equity
Ticker: SPYU
Exchange: NYSE Arca
Inception: 4 Dec 2023 (2.8 years)
Structure: Exchange Traded Fund
Expense ratio: 0.00% (category 0.00%)
Holdings turnover: 0%
Distribution yield: 0.00%
Beta, 3 years: 0.00
Total net assets: $559M

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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