TMV vs FMUN
Comparison between DIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES (TMV, ETF) and FIDELITY SYSTEMATIC MUNICIPAL BOND INDEX ETF (FMUN, ETF).
TMV vs FMUN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
TMV
$180M
Winner
FMUN
$181M
Expense Ratio
TMV
N/A
FMUN
0.05%
Max Drawdown
TMV
99.10%
Winner
FMUN
3.22%
Sharpe Ratio
TMV
-0.05
Winner
FMUN
1.09
5Y Beta
Winner
TMV
-0.19
FMUN
0.07
5Y Dividends CAGR
TMV
95.39%
FMUN
N/A
TMV vs FMUN - Historical Returns
Returns include dividend reinvestment.
1M
TMV
-7.31%
Winner
FMUN
+1.48%
3M
Winner
TMV
+4.05%
FMUN
+0.90%
6M
Winner
TMV
+3.93%
FMUN
+2.05%
1Y
TMV
-3.72%
Winner
FMUN
+7.07%
5Y(CAGR)
TMV
+19.51%
FMUN
N/A
10Y(CAGR)
TMV
-0.31%
FMUN
N/A
Max(CAGR)
TMV
-14.81%
Winner
FMUN
+4.96%
TMV vs FMUN - Annual Returns (2009 - 2026)
Returns include dividend reinvestment.
| Year | TMV | FMUN |
|---|---|---|
| 2026 | +3.13% | +1.52% |
| 2025 | -3.14% | +4.25% |
| 2024 | +37.13% | N/A |
| 2023 | -4.35% | N/A |
| 2022 | +132.15% | N/A |
| 2021 | +0.54% | N/A |
| 2020 | -52.70% | N/A |
| 2019 | -33.29% | N/A |
| 2018 | +0.85% | N/A |
| 2017 | -25.55% | N/A |
| 2016 | -12.35% | N/A |
| 2015 | -8.92% | N/A |
| 2014 | -55.94% | N/A |
| 2013 | +29.05% | N/A |
| 2012 | -23.61% | N/A |
| 2011 | -69.19% | N/A |
| 2010 | -36.44% | N/A |
| 2009 | +24.08% | N/A |
TMV vs FMUN Drawdown Comparison
The maximum drawdown for TMV was -98.96%, occurring on Aug 4, 2020. This drawdown has not yet recovered.
The maximum drawdown for FMUN was -3.21%, occurring on Mar 27, 2026. This drawdown has not yet recovered.
The current TMV drawdown is -95.98%. The current FMUN drawdown is -0.75%.
| Rank | TMV | FMUN |
|---|---|---|
| #1 | -98.96% Jun 10, 2009 - Aug 4, 2020 | -3.21% Feb 27, 2026 - Mar 27, 2026 |
| #2 | -13.94% May 27, 2009 - Jun 10, 2009 | -2.93% Apr 7, 2025 - Aug 22, 2025 |
| #3 | -11.52% May 7, 2009 - May 21, 2009 | -0.52% Nov 26, 2025 - Dec 23, 2025 |
| #4 | -5.34% Apr 17, 2009 - Apr 22, 2009 | -0.46% Nov 12, 2025 - Nov 26, 2025 |
| #5 | -2.03% Apr 24, 2009 - Apr 28, 2009 | -0.43% Sep 17, 2025 - Oct 7, 2025 |
| #6 | -1.60% May 1, 2009 - May 7, 2009 | -0.37% Jan 16, 2026 - Jan 30, 2026 |
| #7 | -0.68% Apr 22, 2009 - Apr 24, 2009 | -0.34% Aug 29, 2025 - Sep 3, 2025 |
| #8 | N/A | -0.26% Nov 4, 2025 - Nov 11, 2025 |
| #9 | N/A | -0.25% Oct 22, 2025 - Nov 4, 2025 |
| #10 | N/A | -0.13% Dec 29, 2025 - Jan 7, 2026 |
| #11 | N/A | -0.11% Aug 22, 2025 - Aug 28, 2025 |
| #12 | N/A | -0.11% Feb 10, 2026 - Feb 12, 2026 |
| #13 | N/A | -0.06% Feb 5, 2026 - Feb 9, 2026 |
| #14 | N/A | -0.05% Sep 11, 2025 - Sep 15, 2025 |
| #15 | N/A | -0.04% Feb 13, 2026 - Feb 19, 2026 |
Correlation
Correlation between TMV and FMUN is -0.19 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.19
-101
Dividend Comparison (2009 - 2026)
TMV vs FMUN dividend yield comparison.
| Year | TMV | FMUN |
|---|---|---|
| 2026 | 1.00% | 1.35% |
| 2025 | 2.85% | 2.41% |
| 2024 | 3.41% | 0.00% |
| 2023 | 3.87% | 0.00% |
| 2020 | 0.37% | 0.00% |
| 2019 | 1.60% | 0.00% |
| 2018 | 0.62% | 0.00% |
| 2009 | 10.77% | 0.00% |
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