FEDM vs MUD

Comparison between FLEXSHARES ESG & CLIMATE DEVELOPED MARKETS EX-US CORE INDEX FUND (FEDM, ETF) and Direxion Daily MU Bear 1X Shares (MUD, ETF).

FEDM vs MUD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FEDM(ETF)	MUD(ETF)
Net Assets	$76M	$76M
Expense Ratio	0.12%	1.02%
Max Drawdown	31.30%	97.14%
Sharpe Ratio	0.89	-3.13
5Y Beta	0.71	-2.44

Net Assets

Winner

FEDM

$76M

MUD

$76M

Expense Ratio

Winner

FEDM

0.12%

MUD

1.02%

Max Drawdown

Winner

FEDM

31.30%

MUD

97.14%

Sharpe Ratio

Winner

FEDM

0.89

MUD

-3.13

5Y Beta

FEDM

0.71

Winner

MUD

-2.44

FEDM vs MUD - Historical Returns

Returns include dividend reinvestment.

Period	FEDM	MUD
1 month	+1.16%	+14.20%
3 months	+3.77%	-65.12%
6 months	+6.22%	-72.77%
1 year	+18.27%	-93.27%
5 years(CAGR)	+7.76%	N/A
Max(CAGR)	+7.76%	-81.71%

FEDM

+1.16%

Winner

MUD

+14.20%

Winner

FEDM

+3.77%

MUD

-65.12%

Winner

FEDM

+6.22%

MUD

-72.77%

Winner

FEDM

+18.27%

MUD

-93.27%

5Y(CAGR)

FEDM

+7.76%

MUD

N/A

Max(CAGR)

Winner

FEDM

+7.76%

MUD

-81.71%

FEDM vs MUD - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	FEDM	MUD
2026	+7.21%	-78.53%
2025	+27.64%	-77.93%
2024	+4.06%	+19.12%
2023	+16.79%	N/A
2022	-15.61%	N/A
2021	+1.88%	N/A

FEDM vs MUD Drawdown Comparison

The maximum drawdown for FEDM was -29.36%, occurring on Sep 27, 2022. Recovery took 583 trading sessions.

The maximum drawdown for MUD was -97.03%, occurring on Jun 25, 2026. This drawdown has not yet recovered.

The current FEDM drawdown is -0.55%. The current MUD drawdown is -96.44%.

Rank	FEDM	MUD
#1	-29.36% Nov 8, 2021 - Mar 6, 2024	-97.03% Apr 4, 2025 - Jun 25, 2026
#2	-14.24% Sep 26, 2024 - May 2, 2025	-24.70% Dec 31, 2024 - Apr 3, 2025
#3	-11.91% Feb 25, 2026 - Jul 6, 2026	-12.41% Nov 1, 2024 - Nov 15, 2024
#4	-7.09% Jul 12, 2024 - Aug 21, 2024	-12.08% Nov 15, 2024 - Dec 19, 2024
#5	-4.97% Oct 21, 2025 - Dec 23, 2025	-7.15% Oct 15, 2024 - Oct 31, 2024
#6	-4.87% Mar 27, 2024 - May 9, 2024	-3.52% Dec 19, 2024 - Dec 30, 2024
#7	-4.41% Jul 23, 2025 - Aug 18, 2025	-2.39% Oct 10, 2024 - Oct 15, 2024
#8	-3.77% Sep 23, 2021 - Oct 20, 2021	N/A
#9	-3.66% Jun 6, 2024 - Jul 10, 2024	N/A
#10	-3.18% Aug 30, 2024 - Sep 19, 2024	N/A
#11	-3.17% Oct 6, 2025 - Oct 15, 2025	N/A
#12	-2.80% Jun 12, 2025 - Jun 30, 2025	N/A
#13	-2.79% Aug 22, 2025 - Sep 11, 2025	N/A
#14	-2.33% May 15, 2024 - Jun 5, 2024	N/A
#15	-2.20% Jan 12, 2026 - Jan 26, 2026	N/A

Correlation

Correlation between FEDM and MUD is -0.97 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-0.97

-101