TMNS vs IREZ
Comparison between T. ROWE PRICE SHORT MUNICIPAL INCOME ETF (TMNS, ETF) and Tradr 2X Short IREN Daily ETF (IREZ, ETF).
TMNS vs IREZ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
TMNS
$21M
Winner
IREZ
$21M
Expense Ratio
TMNS
0.18%
IREZ
N/A
Max Drawdown
Winner
TMNS
1.72%
IREZ
87.43%
Sharpe Ratio
Winner
TMNS
-0.27
IREZ
-0.89
5Y Beta
TMNS
0.04
Winner
IREZ
-8.16
TMNS vs IREZ - Historical Returns
Returns include dividend reinvestment.
1M
Winner
TMNS
+0.42%
IREZ
-36.98%
3M
Winner
TMNS
+0.34%
IREZ
-78.64%
6M
TMNS
+1.49%
IREZ
N/A
Max(CAGR)
Winner
TMNS
+3.28%
IREZ
-98.72%
TMNS vs IREZ - Annual Returns (2025 - 2026)
Returns include dividend reinvestment.
| Year | TMNS | IREZ |
|---|---|---|
| 2026 | +1.17% | -81.41% |
| 2025 | +0.57% | N/A |
TMNS vs IREZ Drawdown Comparison
The maximum drawdown for TMNS was -1.28%, occurring on Mar 26, 2026. This drawdown has not yet recovered.
The maximum drawdown for IREZ was -87.43%, occurring on May 27, 2026. This drawdown has not yet recovered.
The current TMNS drawdown is -0.22%. The current IREZ drawdown is -86.21%.
| Rank | TMNS | IREZ |
|---|---|---|
| #1 | -1.28% Feb 26, 2026 - Mar 26, 2026 | -87.43% Mar 30, 2026 - May 27, 2026 |
| #2 | -0.12% Jan 21, 2026 - Jan 28, 2026 | -43.45% Feb 5, 2026 - Mar 30, 2026 |
| #3 | -0.11% Jan 14, 2026 - Jan 21, 2026 | -39.96% Jan 22, 2026 - Feb 4, 2026 |
| #4 | -0.10% Nov 28, 2025 - Dec 4, 2025 | N/A |
| #5 | -0.07% Feb 10, 2026 - Feb 12, 2026 | N/A |
| #6 | -0.04% Jan 28, 2026 - Jan 30, 2026 | N/A |
| #7 | -0.04% Jan 9, 2026 - Jan 14, 2026 | N/A |
| #8 | -0.04% Dec 24, 2025 - Dec 29, 2025 | N/A |
| #9 | -0.04% Feb 24, 2026 - Feb 26, 2026 | N/A |
| #10 | -0.03% Dec 11, 2025 - Dec 16, 2025 | N/A |
| #11 | -0.03% Jan 30, 2026 - Feb 4, 2026 | N/A |
| #12 | -0.03% Dec 18, 2025 - Dec 22, 2025 | N/A |
| #13 | -0.03% Dec 8, 2025 - Dec 10, 2025 | N/A |
| #14 | -0.03% Feb 17, 2026 - Feb 19, 2026 | N/A |
| #15 | -0.02% Dec 16, 2025 - Dec 18, 2025 | N/A |
Correlation
Correlation between TMNS and IREZ is -0.36 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.
-0.36
-101
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