SAA vs ZMUN
Comparison between PROSHARES ULTRA SMALLCAP600 (SAA, ETF) and F/M CALLABLE TAX-FREE MUNICIPAL ETF (ZMUN, ETF).
SAA vs ZMUN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SAA
$27M
ZMUN
$27M
Expense Ratio
SAA
N/A
ZMUN
0.30%
Max Drawdown
SAA
88.08%
Winner
ZMUN
0.45%
Sharpe Ratio
Winner
SAA
1.44
ZMUN
-0.54
5Y Beta
SAA
2.09
Winner
ZMUN
0.00
P/E Ratio
SAA
38.02
ZMUN
N/A
Forward P/E
SAA
14.94
ZMUN
N/A
5Y Dividends CAGR
SAA
117.49%
ZMUN
N/A
Debt to Equity
SAA
65.02%
ZMUN
N/A
P/S Ratio
SAA
1.13
ZMUN
N/A
P/B Ratio
SAA
2.00
ZMUN
N/A
SAA vs ZMUN - Historical Returns
Returns include dividend reinvestment.
1M
Winner
SAA
+11.04%
ZMUN
+0.28%
3M
Winner
SAA
+35.63%
ZMUN
+0.88%
6M
Winner
SAA
+30.47%
ZMUN
+1.84%
1Y
SAA
+65.40%
ZMUN
N/A
5Y(CAGR)
SAA
+2.37%
ZMUN
N/A
10Y(CAGR)
SAA
+12.47%
ZMUN
N/A
Max(CAGR)
Winner
SAA
+9.26%
ZMUN
+3.48%
SAA vs ZMUN - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | SAA | ZMUN |
|---|---|---|
| 2026 | +35.30% | +1.66% |
| 2025 | +0.70% | +0.73% |
| 2024 | +7.64% | N/A |
| 2023 | +21.78% | N/A |
| 2022 | -37.46% | N/A |
| 2021 | +55.07% | N/A |
| 2020 | -1.51% | N/A |
| 2019 | +41.10% | N/A |
| 2018 | -22.64% | N/A |
| 2017 | +22.20% | N/A |
| 2016 | +61.96% | N/A |
| 2015 | -3.21% | N/A |
| 2014 | +10.10% | N/A |
| 2013 | +83.35% | N/A |
| 2012 | +26.34% | N/A |
| 2011 | -12.50% | N/A |
| 2010 | +43.64% | N/A |
| 2009 | +34.56% | N/A |
| 2008 | -61.19% | N/A |
| 2007 | -11.08% | N/A |
SAA vs ZMUN Drawdown Comparison
The maximum drawdown for SAA was -87.40%, occurring on Mar 9, 2009. Recovery took 1535 trading sessions.
The maximum drawdown for ZMUN was -0.08%, occurring on Nov 5, 2025. Recovery took 9 trading sessions.
| Rank | SAA | ZMUN |
|---|---|---|
| #1 | -87.40% Jun 4, 2007 - Jul 9, 2013 | -0.08% Oct 28, 2025 - Nov 10, 2025 |
| #2 | -74.54% Aug 31, 2018 - Feb 5, 2021 | -0.07% May 4, 2026 - May 11, 2026 |
| #3 | -55.35% Nov 5, 2021 - Jun 11, 2026 | -0.07% Mar 4, 2026 - Mar 12, 2026 |
| #4 | -37.45% Jun 22, 2015 - Aug 15, 2016 | -0.06% Jan 27, 2026 - Feb 4, 2026 |
| #5 | -22.75% Jul 1, 2014 - Dec 24, 2014 | -0.05% Oct 3, 2025 - Oct 15, 2025 |
| #6 | -19.42% Jun 8, 2021 - Nov 3, 2021 | -0.05% Apr 28, 2026 - May 1, 2026 |
| #7 | -18.47% Mar 12, 2021 - Jun 8, 2021 | -0.05% Jun 9, 2026 - Jun 12, 2026 |
| #8 | -17.00% Jan 23, 2018 - May 10, 2018 | -0.05% Feb 18, 2026 - Feb 23, 2026 |
| #9 | -15.91% Feb 22, 2007 - Apr 16, 2007 | -0.04% Apr 2, 2026 - Apr 8, 2026 |
| #10 | -15.05% Sep 22, 2016 - Nov 11, 2016 | -0.04% Apr 9, 2026 - Apr 16, 2026 |
| #11 | -14.53% Dec 26, 2013 - Mar 4, 2014 | -0.04% Jan 20, 2026 - Jan 26, 2026 |
| #12 | -14.53% Mar 18, 2014 - Jul 1, 2014 | -0.04% Apr 17, 2026 - Apr 24, 2026 |
| #13 | -13.05% Jul 25, 2017 - Sep 26, 2017 | -0.03% Feb 10, 2026 - Feb 13, 2026 |
| #14 | -10.58% Jan 4, 2017 - Apr 26, 2017 | -0.03% Nov 11, 2025 - Nov 18, 2025 |
| #15 | -10.28% Apr 26, 2017 - Jul 19, 2017 | -0.03% Jan 9, 2026 - Jan 13, 2026 |
Correlation
Correlation between SAA and ZMUN is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.
0.91
-101
Dividend Comparison (2007 - 2026)
SAA vs ZMUN dividend yield comparison.
| Year | SAA | ZMUN |
|---|---|---|
| 2026 | 0.11% | 1.58% |
| 2025 | 1.05% | 0.70% |
| 2024 | 1.36% | 0.00% |
| 2023 | 0.88% | 0.00% |
| 2022 | 0.46% | 0.00% |
| 2020 | 0.03% | 0.00% |
| 2019 | 0.35% | 0.00% |
| 2018 | 0.27% | 0.00% |
| 2016 | 0.14% | 0.00% |
| 2012 | 0.05% | 0.00% |
| 2011 | 0.01% | 0.00% |
| 2010 | 0.02% | 0.00% |
| 2009 | 0.16% | 0.00% |
| 2008 | 1.00% | 0.00% |
| 2007 | 5.29% | 0.00% |
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