IREZ vs TMNS

Comparison between Tradr 2X Short IREN Daily ETF (IREZ, ETF) and T. ROWE PRICE SHORT MUNICIPAL INCOME ETF (TMNS, ETF).

IREZ vs TMNS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IREZ(ETF)	TMNS(ETF)
Net Assets	$21M	$21M
Expense Ratio	N/A	0.18%
Max Drawdown	87.43%	1.72%
Sharpe Ratio	-0.77	-0.21
5Y Beta	-8.12	0.04

Net Assets

Winner

IREZ

$21M

TMNS

$21M

Expense Ratio

IREZ

N/A

TMNS

0.18%

Max Drawdown

IREZ

87.43%

Winner

TMNS

1.72%

Sharpe Ratio

IREZ

-0.77

Winner

TMNS

-0.21

5Y Beta

Winner

IREZ

-8.12

TMNS

0.04

IREZ vs TMNS - Historical Returns

Returns include dividend reinvestment.

Period	IREZ	TMNS
1 month	-36.98%	+0.42%
3 months	-78.64%	+0.34%
6 months	N/A	+1.49%
Max(CAGR)	-98.72%	+3.28%

IREZ

-36.98%

Winner

TMNS

+0.42%

IREZ

-78.64%

Winner

TMNS

+0.34%

IREZ

N/A

TMNS

+1.49%

Max(CAGR)

IREZ

-98.72%

Winner

TMNS

+3.28%

IREZ vs TMNS - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	IREZ	TMNS
2026	-81.41%	+1.17%
2025	N/A	+0.57%

IREZ vs TMNS Drawdown Comparison

The maximum drawdown for IREZ was -87.43%, occurring on May 27, 2026. This drawdown has not yet recovered.

The maximum drawdown for TMNS was -1.28%, occurring on Mar 26, 2026. This drawdown has not yet recovered.

The current IREZ drawdown is -86.21%. The current TMNS drawdown is -0.22%.

Rank	IREZ	TMNS
#1	-87.43% Mar 30, 2026 - May 27, 2026	-1.28% Feb 26, 2026 - Mar 26, 2026
#2	-43.45% Feb 5, 2026 - Mar 30, 2026	-0.12% Jan 21, 2026 - Jan 28, 2026
#3	-39.96% Jan 22, 2026 - Feb 4, 2026	-0.11% Jan 14, 2026 - Jan 21, 2026
#4	N/A	-0.10% Nov 28, 2025 - Dec 4, 2025
#5	N/A	-0.07% Feb 10, 2026 - Feb 12, 2026
#6	N/A	-0.04% Jan 28, 2026 - Jan 30, 2026
#7	N/A	-0.04% Jan 9, 2026 - Jan 14, 2026
#8	N/A	-0.04% Dec 24, 2025 - Dec 29, 2025
#9	N/A	-0.04% Feb 24, 2026 - Feb 26, 2026
#10	N/A	-0.03% Dec 11, 2025 - Dec 16, 2025
#11	N/A	-0.03% Jan 30, 2026 - Feb 4, 2026
#12	N/A	-0.03% Dec 18, 2025 - Dec 22, 2025
#13	N/A	-0.03% Dec 8, 2025 - Dec 10, 2025
#14	N/A	-0.03% Feb 17, 2026 - Feb 19, 2026
#15	N/A	-0.02% Dec 16, 2025 - Dec 18, 2025

Correlation

Correlation between IREZ and TMNS is -0.36 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.36

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