TFGZ vs SPDN

Comparison between THORNBURG FOCUS GROWTH FUND ETF CLASS (TFGZ, ETF) and DIREXION DAILY S&P 500 (R) BEAR 1X SHARES (SPDN, ETF).

TFGZ vs SPDN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TFGZ(ETF)	SPDN(ETF)
Net Assets	$219M	$220M
Expense Ratio	0.79%	0.48%
Max Drawdown	4.11%	79.61%
Sharpe Ratio	4.39	-1.56
5Y Beta	1.20	-0.97
P/E Ratio	66.00	N/A
Forward P/E	25.91	N/A
PEG Ratio	0.24	N/A
5Y Dividends CAGR	N/A	89.77%
Debt to Equity	18.01%	N/A
P/S Ratio	4.54	N/A
P/B Ratio	7.13	N/A

Net Assets

TFGZ

$219M

Winner

SPDN

$220M

Expense Ratio

TFGZ

0.79%

Winner

SPDN

0.48%

Max Drawdown

Winner

TFGZ

4.11%

SPDN

79.61%

Sharpe Ratio

Winner

TFGZ

4.39

SPDN

-1.56

5Y Beta

TFGZ

1.20

Winner

SPDN

-0.97

P/E Ratio

TFGZ

66.00

SPDN

N/A

Forward P/E

TFGZ

25.91

SPDN

N/A

PEG Ratio

TFGZ

0.24

SPDN

N/A

5Y Dividends CAGR

TFGZ

N/A

SPDN

89.77%

Debt to Equity

TFGZ

18.01%

SPDN

N/A

P/S Ratio

TFGZ

4.54

SPDN

N/A

P/B Ratio

TFGZ

7.13

SPDN

N/A

TFGZ vs SPDN - Historical Returns

Returns include dividend reinvestment.

Period	TFGZ	SPDN
1 month	+0.99%	-1.56%
3 months	N/A	-6.77%
6 months	N/A	-5.22%
1 year	N/A	-15.66%
5 years(CAGR)	N/A	-8.47%
10 years(CAGR)	N/A	-12.33%
Max(CAGR)	+120.61%	-12.33%

Winner

TFGZ

+0.99%

SPDN

-1.56%

TFGZ

N/A

SPDN

-6.77%

TFGZ

N/A

SPDN

-5.22%

TFGZ

N/A

SPDN

-15.66%

5Y(CAGR)

TFGZ

N/A

SPDN

-8.47%

10Y(CAGR)

TFGZ

N/A

SPDN

-12.33%

Max(CAGR)

Winner

TFGZ

+120.61%

SPDN

-12.33%

TFGZ vs SPDN - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	TFGZ	SPDN
2026	+15.12%	-5.78%
2025	N/A	-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%

TFGZ vs SPDN Drawdown Comparison

The maximum drawdown for TFGZ was -4.11%, occurring on Jun 5, 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 TFGZ drawdown is -4.11%. The current SPDN drawdown is -74.61%.

Rank	TFGZ	SPDN
#1	-4.11% Jun 2, 2026 - Jun 5, 2026	-75.30% Jun 27, 2016 - Jun 2, 2026
#2	-3.75% May 11, 2026 - May 26, 2026	-2.37% Jun 16, 2016 - Jun 24, 2016
#3	-2.14% Apr 22, 2026 - May 1, 2026	N/A
#4	-0.53% Apr 20, 2026 - Apr 22, 2026	N/A
#5	-0.47% Apr 8, 2026 - Apr 13, 2026	N/A
#6	-0.16% May 26, 2026 - May 28, 2026	N/A
#7	-0.14% May 6, 2026 - May 8, 2026	N/A

Correlation

Correlation between TFGZ and SPDN is -1.00 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-1.00

-101