UXRP vs FMNY

Comparison between ProShares Ultra XRP ETF (UXRP, ETF) and FIRST TRUST NEW YORK MUNICIPAL HIGH INCOME ETF (FMNY, ETF).

UXRP vs FMNY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	UXRP(ETF)	FMNY(ETF)
Net Assets	$39M	$39M
Expense Ratio	N/A	0.49%
Max Drawdown	95.95%	18.26%
Sharpe Ratio	-1.28	1.07
5Y Beta	5.49	0.03

Net Assets

UXRP

$39M

Winner

FMNY

$39M

Expense Ratio

UXRP

N/A

FMNY

0.49%

Max Drawdown

UXRP

95.95%

Winner

FMNY

18.26%

Sharpe Ratio

UXRP

-1.28

Winner

FMNY

1.07

5Y Beta

UXRP

5.49

Winner

FMNY

0.03

UXRP vs FMNY - Historical Returns

Returns include dividend reinvestment.

Period	UXRP	FMNY
1 month	-33.93%	+0.41%
3 months	-33.93%	+0.19%
6 months	-78.25%	+2.23%
1 year	-93.08%	+7.45%
5 years(CAGR)	N/A	+0.56%
Max(CAGR)	-94.89%	+0.73%

UXRP

-33.93%

Winner

FMNY

+0.41%

UXRP

-33.93%

Winner

FMNY

+0.19%

UXRP

-78.25%

Winner

FMNY

+2.23%

UXRP

-93.08%

Winner

FMNY

+7.45%

5Y(CAGR)

UXRP

N/A

FMNY

+0.56%

Max(CAGR)

UXRP

-94.89%

Winner

FMNY

+0.73%

UXRP vs FMNY - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	UXRP	FMNY
2026	-74.99%	+1.83%
2025	-76.25%	+3.79%
2024	N/A	+1.79%
2023	N/A	+6.08%
2022	N/A	-10.52%
2021	N/A	+1.60%

UXRP vs FMNY Drawdown Comparison

The maximum drawdown for UXRP was -95.95%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The maximum drawdown for FMNY was -15.90%, occurring on Oct 26, 2022. Recovery took 1090 trading sessions.

The current UXRP drawdown is -95.38%. The current FMNY drawdown is -0.73%.

Rank	UXRP	FMNY
#1	-95.95% Jul 21, 2025 - Jun 5, 2026	-15.90% Jul 19, 2021 - Nov 18, 2025
#2	N/A	-2.83% Feb 27, 2026 - Mar 24, 2026
#3	N/A	-0.66% Jun 15, 2021 - Jul 8, 2021
#4	N/A	-0.57% Nov 18, 2025 - Jan 5, 2026
#5	N/A	-0.55% Jan 14, 2026 - Feb 3, 2026
#6	N/A	-0.17% Feb 10, 2026 - Feb 17, 2026
#7	N/A	-0.15% May 14, 2021 - May 20, 2021
#8	N/A	-0.15% Jan 7, 2026 - Jan 14, 2026
#9	N/A	-0.13% Jul 12, 2021 - Jul 19, 2021
#10	N/A	-0.12% May 20, 2021 - May 24, 2021
#11	N/A	-0.10% May 24, 2021 - May 27, 2021
#12	N/A	-0.04% Feb 18, 2026 - Feb 23, 2026
#13	N/A	-0.04% Jan 5, 2026 - Jan 7, 2026
#14	N/A	-0.04% Feb 4, 2026 - Feb 6, 2026

Correlation

Correlation between UXRP and FMNY is -0.92 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-0.92

-101