FTMN vs SPDN

Comparison between Franklin Minnesota Municipal Income ETF (FTMN, ETF) and DIREXION DAILY S&P 500 (R) BEAR 1X SHARES (SPDN, ETF).

FTMN vs SPDN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FTMN(ETF)	SPDN(ETF)
Net Assets	$198M	$198M
Expense Ratio	0.35%	0.48%
Max Drawdown	3.34%	79.61%
Sharpe Ratio	-0.07	-1.51
5Y Beta	0.10	-0.97
5Y Dividends CAGR	N/A	89.77%

Net Assets

Winner

FTMN

$198M

SPDN

$198M

Expense Ratio

Winner

FTMN

0.35%

SPDN

0.48%

Max Drawdown

Winner

FTMN

3.34%

SPDN

79.61%

Sharpe Ratio

Winner

FTMN

-0.07

SPDN

-1.51

5Y Beta

FTMN

0.10

Winner

SPDN

-0.97

5Y Dividends CAGR

FTMN

N/A

SPDN

89.77%

FTMN vs SPDN - Historical Returns

Returns include dividend reinvestment.

Period	FTMN	SPDN
1 month	+1.64%	-1.02%
3 months	+1.03%	-9.94%
6 months	+2.14%	-7.60%
1 year	N/A	-15.57%
5 years(CAGR)	N/A	-8.77%
10 years(CAGR)	N/A	-12.67%
Max(CAGR)	+3.81%	-12.42%

Winner

FTMN

+1.64%

SPDN

-1.02%

Winner

FTMN

+1.03%

SPDN

-9.94%

Winner

FTMN

+2.14%

SPDN

-7.60%

FTMN

N/A

SPDN

-15.57%

5Y(CAGR)

FTMN

N/A

SPDN

-8.77%

10Y(CAGR)

FTMN

N/A

SPDN

-12.67%

Max(CAGR)

Winner

FTMN

+3.81%

SPDN

-12.42%

FTMN vs SPDN - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	FTMN	SPDN
2026	+1.69%	-7.17%
2025	+0.61%	-11.32%
2024	N/A	-13.44%
2023	N/A	-15.40%
2022	N/A	+19.39%
2021	N/A	-24.71%
2020	N/A	-23.87%
2019	N/A	-21.99%
2018	N/A	+6.21%
2017	N/A	-16.49%
2016	N/A	-6.92%

FTMN vs SPDN Drawdown Comparison

The maximum drawdown for FTMN was -3.10%, occurring on Mar 26, 2026. This drawdown has not yet recovered.

The maximum drawdown for SPDN was -75.30%, occurring on Jun 2, 2026. This drawdown has not yet recovered.

The current FTMN drawdown is -0.30%. The current SPDN drawdown is -74.99%.

Rank	FTMN	SPDN
#1	-3.10% Feb 26, 2026 - Mar 26, 2026	-75.30% Jun 27, 2016 - Jun 2, 2026
#2	-0.56% Nov 11, 2025 - Nov 21, 2025	-2.37% Jun 16, 2016 - Jun 24, 2016
#3	-0.51% Nov 28, 2025 - Dec 29, 2025	N/A
#4	-0.34% Jan 14, 2026 - Feb 2, 2026	N/A
#5	-0.33% Feb 12, 2026 - Feb 25, 2026	N/A
#6	-0.28% Feb 10, 2026 - Feb 12, 2026	N/A
#7	-0.17% Dec 30, 2025 - Jan 5, 2026	N/A
#8	-0.13% Jan 7, 2026 - Jan 14, 2026	N/A
#9	-0.11% Nov 21, 2025 - Nov 28, 2025	N/A
#10	-0.06% Feb 5, 2026 - Feb 9, 2026	N/A

Correlation

Correlation between FTMN and SPDN is -0.68 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.68

-101