MBND vs EDZ

Comparison between STATE STREET(R) NUVEEN MUNICIPAL BOND ETF (MBND, ETF) and DIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES (EDZ, ETF).

5-Year PerformanceMBND has outperformed EDZ, delivering a return of +0.5% compared to -24.7%

MBND vs EDZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MBND(ETF)	EDZ(ETF)
Net Assets	$27M	$28M
Expense Ratio	0.40%	N/A
Max Drawdown	15.51%	99.99%
Sharpe Ratio	0.41	-1.67
5Y Beta	0.01	-1.86
5Y Dividends CAGR	60.54%	24.72%

Net Assets

MBND

$27M

Winner

EDZ

$28M

Expense Ratio

MBND

0.40%

EDZ

N/A

Max Drawdown

Winner

MBND

15.51%

EDZ

99.99%

Sharpe Ratio

Winner

MBND

0.41

EDZ

-1.67

5Y Beta

MBND

0.01

Winner

EDZ

-1.86

5Y Dividends CAGR

Winner

MBND

60.54%

EDZ

24.72%

MBND vs EDZ - Historical Returns

Returns include dividend reinvestment.

Period	MBND	EDZ
1 month	+0.34%	-12.55%
3 months	+0.38%	-47.40%
6 months	+1.17%	-57.69%
1 year	+4.55%	-71.06%
5 years(CAGR)	+0.49%	-24.65%
10 years(CAGR)	N/A	-36.83%
Max(CAGR)	+0.66%	-40.80%

Winner

MBND

+0.34%

EDZ

-12.55%

Winner

MBND

+0.38%

EDZ

-47.40%

Winner

MBND

+1.17%

EDZ

-57.69%

Winner

MBND

+4.55%

EDZ

-71.06%

5Y(CAGR)

Winner

MBND

+0.49%

EDZ

-24.65%

10Y(CAGR)

MBND

N/A

EDZ

-36.83%

Max(CAGR)

Winner

MBND

+0.66%

EDZ

-40.80%

MBND vs EDZ - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	MBND	EDZ
2026	+0.86%	-51.00%
2025	+2.79%	-59.66%
2024	+2.86%	-16.21%
2023	+5.48%	-17.83%
2022	-8.57%	+52.78%
2021	+0.59%	-6.91%
2020	N/A	-66.72%
2019	N/A	-42.69%
2018	N/A	+41.14%
2017	N/A	-62.75%
2016	N/A	-50.12%
2015	N/A	+20.96%
2014	N/A	-15.48%
2013	N/A	-5.95%
2012	N/A	-49.67%
2011	N/A	-0.20%
2010	N/A	-55.21%
2009	N/A	-91.17%
2008	N/A	-4.29%

MBND vs EDZ Drawdown Comparison

The maximum drawdown for MBND was -13.18%, occurring on Oct 25, 2022. Recovery took 1033 trading sessions.

The maximum drawdown for EDZ was -99.99%, occurring on Jun 2, 2026. This drawdown has not yet recovered.

The current MBND drawdown is -0.84%. The current EDZ drawdown is -99.99%.

Rank	MBND	EDZ
#1	-13.18% Aug 3, 2021 - Sep 15, 2025	-99.99% Mar 2, 2009 - Jun 2, 2026
#2	-2.44% Feb 27, 2026 - Mar 27, 2026	-41.31% Jan 20, 2009 - Mar 2, 2009
#3	-2.07% Feb 11, 2021 - Jun 4, 2021	-27.71% Dec 30, 2008 - Jan 12, 2009
#4	-0.80% Sep 17, 2025 - Oct 15, 2025	-7.31% Jan 14, 2009 - Jan 20, 2009
#5	-0.57% Nov 12, 2025 - Jan 5, 2026	-1.62% Jan 12, 2009 - Jan 14, 2009
#6	-0.53% Jun 14, 2021 - Jul 8, 2021	N/A
#7	-0.33% Oct 27, 2025 - Nov 12, 2025	N/A
#8	-0.24% Jan 16, 2026 - Jan 30, 2026	N/A
#9	-0.13% Jul 8, 2021 - Jul 15, 2021	N/A
#10	-0.10% Jul 20, 2021 - Jul 28, 2021	N/A
#11	-0.10% Feb 19, 2026 - Feb 24, 2026	N/A
#12	-0.09% Feb 12, 2026 - Feb 17, 2026	N/A
#13	-0.08% Jul 28, 2021 - Aug 3, 2021	N/A
#14	-0.03% Feb 10, 2026 - Feb 12, 2026	N/A
#15	-0.03% Jan 30, 2026 - Feb 4, 2026	N/A

Correlation

Correlation between MBND and EDZ is -0.91 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-0.91

-101