FMUN vs TMV
Comparison between FIDELITY SYSTEMATIC MUNICIPAL BOND INDEX ETF (FMUN, ETF) and DIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES (TMV, ETF).
FMUN vs TMV - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
FMUN
$181M
TMV
$180M
Expense Ratio
FMUN
0.05%
TMV
N/A
Max Drawdown
Winner
FMUN
3.22%
TMV
99.10%
Sharpe Ratio
Winner
FMUN
1.09
TMV
-0.05
5Y Beta
FMUN
0.07
Winner
TMV
-0.19
5Y Dividends CAGR
FMUN
N/A
TMV
95.39%
FMUN vs TMV - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FMUN
+0.18%
TMV
-3.05%
3M
FMUN
+0.72%
Winner
TMV
+3.19%
6M
FMUN
+1.89%
Winner
TMV
+3.54%
1Y
Winner
FMUN
+6.92%
TMV
+1.83%
5Y(CAGR)
FMUN
N/A
TMV
+20.11%
10Y(CAGR)
FMUN
N/A
TMV
-0.41%
Max(CAGR)
Winner
FMUN
+4.75%
TMV
-14.82%
FMUN vs TMV - Annual Returns (2009 - 2026)
Returns include dividend reinvestment.
| Year | FMUN | TMV |
|---|---|---|
| 2026 | +1.24% | +3.00% |
| 2025 | +4.25% | -3.14% |
| 2024 | N/A | +37.13% |
| 2023 | N/A | -4.35% |
| 2022 | N/A | +132.15% |
| 2021 | N/A | +0.54% |
| 2020 | N/A | -52.70% |
| 2019 | N/A | -33.29% |
| 2018 | N/A | +0.85% |
| 2017 | N/A | -25.55% |
| 2016 | N/A | -12.35% |
| 2015 | N/A | -8.92% |
| 2014 | N/A | -55.94% |
| 2013 | N/A | +29.05% |
| 2012 | N/A | -23.61% |
| 2011 | N/A | -69.19% |
| 2010 | N/A | -36.44% |
| 2009 | N/A | +24.08% |
FMUN vs TMV Drawdown Comparison
The maximum drawdown for FMUN was -3.21%, occurring on Mar 27, 2026. This drawdown has not yet recovered.
The maximum drawdown for TMV was -98.96%, occurring on Aug 4, 2020. This drawdown has not yet recovered.
The current FMUN drawdown is -1.03%. The current TMV drawdown is -95.99%.
| Rank | FMUN | TMV |
|---|---|---|
| #1 | -3.21% Feb 27, 2026 - Mar 27, 2026 | -98.96% Jun 10, 2009 - Aug 4, 2020 |
| #2 | -2.93% Apr 7, 2025 - Aug 22, 2025 | -13.94% May 27, 2009 - Jun 10, 2009 |
| #3 | -0.52% Nov 26, 2025 - Dec 23, 2025 | -11.52% May 7, 2009 - May 21, 2009 |
| #4 | -0.46% Nov 12, 2025 - Nov 26, 2025 | -5.34% Apr 17, 2009 - Apr 22, 2009 |
| #5 | -0.43% Sep 17, 2025 - Oct 7, 2025 | -2.03% Apr 24, 2009 - Apr 28, 2009 |
| #6 | -0.37% Jan 16, 2026 - Jan 30, 2026 | -1.60% May 1, 2009 - May 7, 2009 |
| #7 | -0.34% Aug 29, 2025 - Sep 3, 2025 | -0.68% Apr 22, 2009 - Apr 24, 2009 |
| #8 | -0.26% Nov 4, 2025 - Nov 11, 2025 | N/A |
| #9 | -0.25% Oct 22, 2025 - Nov 4, 2025 | N/A |
| #10 | -0.13% Dec 29, 2025 - Jan 7, 2026 | N/A |
| #11 | -0.11% Aug 22, 2025 - Aug 28, 2025 | N/A |
| #12 | -0.11% Feb 10, 2026 - Feb 12, 2026 | N/A |
| #13 | -0.06% Feb 5, 2026 - Feb 9, 2026 | N/A |
| #14 | -0.05% Sep 11, 2025 - Sep 15, 2025 | N/A |
| #15 | -0.04% Feb 13, 2026 - Feb 19, 2026 | N/A |
Correlation
Correlation between FMUN and TMV is -0.20 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.20
-101
Dividend Comparison (2009 - 2026)
FMUN vs TMV dividend yield comparison.
| Year | FMUN | TMV |
|---|---|---|
| 2026 | 1.35% | 1.00% |
| 2025 | 2.41% | 2.85% |
| 2024 | 0.00% | 3.41% |
| 2023 | 0.00% | 3.87% |
| 2020 | 0.00% | 0.37% |
| 2019 | 0.00% | 1.60% |
| 2018 | 0.00% | 0.62% |
| 2009 | 0.00% | 10.77% |
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