SPDN vs FTMN

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

SPDN vs FTMN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

SPDN

$198M

Winner

FTMN

$198M

Expense Ratio

SPDN

0.48%

Winner

FTMN

0.35%

Max Drawdown

SPDN

79.61%

Winner

FTMN

3.34%

Sharpe Ratio

SPDN

-1.51

Winner

FTMN

-0.07

5Y Beta

Winner

SPDN

-0.97

FTMN

0.10

5Y Dividends CAGR

SPDN

89.77%

FTMN

N/A

SPDN vs FTMN - Historical Returns

Returns include dividend reinvestment.

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

SPDN

-1.02%

Winner

FTMN

+1.64%

SPDN

-9.94%

Winner

FTMN

+1.03%

SPDN

-7.60%

Winner

FTMN

+2.14%

SPDN

-15.57%

FTMN

N/A

5Y(CAGR)

SPDN

-8.77%

FTMN

N/A

10Y(CAGR)

SPDN

-12.67%

FTMN

N/A

Max(CAGR)

SPDN

-12.42%

Winner

FTMN

+3.81%

SPDN vs FTMN - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

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

SPDN vs FTMN Drawdown Comparison

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

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

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

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

Correlation

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

-0.68

-101