FMNY vs TSDD
Comparison between FIRST TRUST NEW YORK MUNICIPAL HIGH INCOME ETF (FMNY, ETF) and GRANITESHARES 2X SHORT TSLA DAILY ETF (TSDD, ETF).
FMNY vs TSDD - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FMNY
$39M
TSDD
$39M
Expense Ratio
FMNY
0.49%
TSDD
N/A
Max Drawdown
Winner
FMNY
18.26%
TSDD
99.07%
Sharpe Ratio
Winner
FMNY
0.69
TSDD
-0.13
5Y Beta
FMNY
0.03
Winner
TSDD
-4.57
5Y Dividends CAGR
FMNY
78.03%
TSDD
N/A
FMNY vs TSDD - Historical Returns
Returns include dividend reinvestment.
1M
FMNY
-1.43%
Winner
TSDD
+25.11%
3M
FMNY
-0.82%
Winner
TSDD
+9.98%
6M
FMNY
+0.32%
Winner
TSDD
+44.12%
1Y
Winner
FMNY
+6.34%
TSDD
-40.61%
5Y(CAGR)
FMNY
+0.12%
TSDD
N/A
Max(CAGR)
Winner
FMNY
+0.49%
TSDD
-69.76%
FMNY vs TSDD - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | FMNY | TSDD |
|---|---|---|
| 2026 | +0.63% | +34.36% |
| 2025 | +3.79% | -77.63% |
| 2024 | +1.79% | -89.20% |
| 2023 | +6.08% | -20.07% |
| 2022 | -10.52% | N/A |
| 2021 | +1.60% | N/A |
FMNY vs TSDD Drawdown Comparison
The maximum drawdown for FMNY was -15.90%, occurring on Oct 26, 2022. Recovery took 1090 trading sessions.
The maximum drawdown for TSDD was -99.03%, occurring on Dec 22, 2025. This drawdown has not yet recovered.
The current FMNY drawdown is -1.98%. The current TSDD drawdown is -98.39%.
| Rank | FMNY | TSDD |
|---|---|---|
| #1 | -15.90% Jul 19, 2021 - Nov 18, 2025 | -99.03% Apr 22, 2024 - Dec 22, 2025 |
| #2 | -2.83% Feb 27, 2026 - Jun 30, 2026 | -36.63% Oct 30, 2023 - Jan 25, 2024 |
| #3 | -1.98% Jun 30, 2026 - Jul 23, 2026 | -27.32% Aug 24, 2023 - Oct 20, 2023 |
| #4 | -0.66% Jun 15, 2021 - Jul 8, 2021 | -22.33% Feb 5, 2024 - Mar 8, 2024 |
| #5 | -0.57% Nov 18, 2025 - Jan 5, 2026 | -19.76% Mar 14, 2024 - Apr 16, 2024 |
| #6 | -0.55% Jan 14, 2026 - Feb 3, 2026 | -10.53% Jan 25, 2024 - Feb 5, 2024 |
| #7 | -0.17% Feb 10, 2026 - Feb 17, 2026 | -3.20% Mar 8, 2024 - Mar 13, 2024 |
| #8 | -0.15% May 14, 2021 - May 20, 2021 | -3.10% Oct 20, 2023 - Oct 26, 2023 |
| #9 | -0.15% Jan 7, 2026 - Jan 14, 2026 | -2.58% Aug 22, 2023 - Aug 24, 2023 |
| #10 | -0.13% Jul 12, 2021 - Jul 19, 2021 | -0.87% Oct 26, 2023 - Oct 30, 2023 |
| #11 | -0.12% May 20, 2021 - May 24, 2021 | N/A |
| #12 | -0.10% May 24, 2021 - May 27, 2021 | N/A |
| #13 | -0.04% Feb 18, 2026 - Feb 23, 2026 | N/A |
| #14 | -0.04% Jan 5, 2026 - Jan 7, 2026 | N/A |
| #15 | -0.04% Feb 4, 2026 - Feb 6, 2026 | N/A |
Correlation
Correlation between FMNY and TSDD is -0.72 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
-0.72
-101
Dividend Comparison (2021 - 2026)
FMNY vs TSDD dividend yield comparison.
| Year | FMNY | TSDD |
|---|---|---|
| 2026 | 2.23% | 0.00% |
| 2025 | 3.64% | 8.42% |
| 2024 | 3.56% | 0.00% |
| 2023 | 3.25% | 24.84% |
| 2022 | 2.34% | 0.00% |
| 2021 | 0.72% | 0.00% |
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