FMNY vs UXRP

Comparison between FIRST TRUST NEW YORK MUNICIPAL HIGH INCOME ETF (FMNY, ETF) and ProShares Ultra XRP ETF (UXRP, ETF).

FMNY vs UXRP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FMNY(ETF)	UXRP(ETF)
Net Assets	$39M	$39M
Expense Ratio	0.49%	N/A
Max Drawdown	18.26%	96.02%
Sharpe Ratio	1.08	-1.32
5Y Beta	0.03	5.46

Net Assets

Winner

FMNY

$39M

UXRP

$39M

Expense Ratio

FMNY

0.49%

UXRP

N/A

Max Drawdown

Winner

FMNY

18.26%

UXRP

96.02%

Sharpe Ratio

Winner

FMNY

1.08

UXRP

-1.32

5Y Beta

Winner

FMNY

0.03

UXRP

5.46

FMNY vs UXRP - Historical Returns

Returns include dividend reinvestment.

Period	FMNY	UXRP
1 month	+0.69%	-41.61%
3 months	+0.90%	-40.15%
6 months	+2.31%	-78.32%
1 year	+7.30%	-93.70%
5 years(CAGR)	+0.48%	N/A
Max(CAGR)	+0.74%	-95.22%

Winner

FMNY

+0.69%

UXRP

-41.61%

Winner

FMNY

+0.90%

UXRP

-40.15%

Winner

FMNY

+2.31%

UXRP

-78.32%

Winner

FMNY

+7.30%

UXRP

-93.70%

5Y(CAGR)

FMNY

+0.48%

UXRP

N/A

Max(CAGR)

Winner

FMNY

+0.74%

UXRP

-95.22%

FMNY vs UXRP - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	FMNY	UXRP
2026	+1.89%	-77.23%
2025	+3.79%	-76.25%
2024	+1.79%	N/A
2023	+6.08%	N/A
2022	-10.52%	N/A
2021	+1.60%	N/A

FMNY vs UXRP Drawdown Comparison

The maximum drawdown for FMNY was -15.90%, occurring on Oct 26, 2022. Recovery took 1090 trading sessions.

The maximum drawdown for UXRP was -96.02%, occurring on Jun 10, 2026. This drawdown has not yet recovered.

The current FMNY drawdown is -0.68%. The current UXRP drawdown is -95.79%.

Rank	FMNY	UXRP
#1	-15.90% Jul 19, 2021 - Nov 18, 2025	-96.02% Jul 21, 2025 - Jun 10, 2026
#2	-2.83% Feb 27, 2026 - Mar 24, 2026	N/A
#3	-0.66% Jun 15, 2021 - Jul 8, 2021	N/A
#4	-0.57% Nov 18, 2025 - Jan 5, 2026	N/A
#5	-0.55% Jan 14, 2026 - Feb 3, 2026	N/A
#6	-0.17% Feb 10, 2026 - Feb 17, 2026	N/A
#7	-0.15% May 14, 2021 - May 20, 2021	N/A
#8	-0.15% Jan 7, 2026 - Jan 14, 2026	N/A
#9	-0.13% Jul 12, 2021 - Jul 19, 2021	N/A
#10	-0.12% May 20, 2021 - May 24, 2021	N/A
#11	-0.10% May 24, 2021 - May 27, 2021	N/A
#12	-0.04% Feb 18, 2026 - Feb 23, 2026	N/A
#13	-0.04% Jan 5, 2026 - Jan 7, 2026	N/A
#14	-0.04% Feb 4, 2026 - Feb 6, 2026	N/A

Correlation

Correlation between FMNY and UXRP is -0.92 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-0.92

-101