AMZD vs ZMUN

Comparison between DIREXION DAILY AMZN BEAR 1X SHARES (AMZD, ETF) and F/M CALLABLE TAX-FREE MUNICIPAL ETF (ZMUN, ETF).

AMZD vs ZMUN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	AMZD(ETF)	ZMUN(ETF)
Net Assets	$17M	$18M
Expense Ratio	1.02%	0.30%
Max Drawdown	76.53%	0.45%
Sharpe Ratio	-0.62	-0.36
5Y Beta	-1.36	0.00

Net Assets

AMZD

$17M

Winner

ZMUN

$18M

Expense Ratio

AMZD

1.02%

Winner

ZMUN

0.30%

Max Drawdown

AMZD

76.53%

Winner

ZMUN

0.45%

Sharpe Ratio

AMZD

-0.62

Winner

ZMUN

-0.36

5Y Beta

Winner

AMZD

-1.36

ZMUN

0.00

AMZD vs ZMUN - Historical Returns

Returns include dividend reinvestment.

Period	AMZD	ZMUN
1 month	+11.03%	+0.31%
3 months	-11.80%	+0.90%
6 months	-7.89%	+1.85%
1 year	-17.88%	N/A
Max(CAGR)	-19.28%	+3.49%

Winner

AMZD

+11.03%

ZMUN

+0.31%

AMZD

-11.80%

Winner

ZMUN

+0.90%

AMZD

-7.89%

Winner

ZMUN

+1.85%

AMZD

-17.88%

ZMUN

N/A

Max(CAGR)

AMZD

-19.28%

Winner

ZMUN

+3.49%

AMZD vs ZMUN - Annual Returns (2022 - 2026)

Returns include dividend reinvestment.

Year	AMZD	ZMUN
2026	-9.35%	+1.60%
2025	-9.52%	+0.73%
2024	-31.66%	N/A
2023	-45.22%	N/A
2022	+45.32%	N/A

AMZD vs ZMUN Drawdown Comparison

The maximum drawdown for AMZD was -73.05%, occurring on May 6, 2026. This drawdown has not yet recovered.

The maximum drawdown for ZMUN was -0.08%, occurring on Nov 5, 2025. Recovery took 9 trading sessions.

The current AMZD drawdown is -69.90%.

Rank	AMZD	ZMUN
#1	-73.05% Dec 28, 2022 - May 6, 2026	-0.08% Oct 28, 2025 - Nov 10, 2025
#2	-15.92% Nov 9, 2022 - Dec 22, 2022	-0.07% May 4, 2026 - May 11, 2026
#3	-11.79% Oct 14, 2022 - Oct 28, 2022	-0.07% Mar 4, 2026 - Mar 12, 2026
#4	-6.69% Sep 30, 2022 - Oct 11, 2022	-0.06% Jan 27, 2026 - Feb 4, 2026
#5	-5.08% Sep 7, 2022 - Sep 13, 2022	-0.05% Oct 3, 2025 - Oct 15, 2025
#6	-3.50% Sep 23, 2022 - Sep 30, 2022	-0.05% Apr 28, 2026 - May 1, 2026
#7	-1.65% Nov 3, 2022 - Nov 9, 2022	-0.05% Feb 18, 2026 - Feb 23, 2026
#8	-1.58% Dec 22, 2022 - Dec 27, 2022	-0.04% Apr 2, 2026 - Apr 8, 2026
#9	-1.28% Sep 13, 2022 - Sep 15, 2022	-0.04% Apr 9, 2026 - Apr 16, 2026
#10	-0.99% Sep 16, 2022 - Sep 20, 2022	-0.04% Jan 20, 2026 - Jan 26, 2026
#11	-0.60% Oct 11, 2022 - Oct 14, 2022	-0.04% Apr 17, 2026 - Apr 24, 2026
#12	N/A	-0.03% Feb 10, 2026 - Feb 13, 2026
#13	N/A	-0.03% Nov 11, 2025 - Nov 18, 2025
#14	N/A	-0.03% Jan 9, 2026 - Jan 13, 2026
#15	N/A	-0.02% Feb 24, 2026 - Feb 27, 2026

Correlation

Correlation between AMZD and ZMUN is -0.45 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.45

-101