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Direxion Flight to Safety Strategy ETF (FLYT)

ETF · Currency in USD · Last updated May 14, 2022

FLYT is a passive ETF by Direxion tracking the investment results of the Solactive Flight to Safety Index (SOLFTS). FLYT launched on Feb 5, 2020 and has a 0.40% expense ratio.

ETF Info

  • ISINUS25460G2030
  • IssuerDirexion
  • Inception DateFeb 5, 2020
  • RegionNorth America (U.S.)
  • CategoryDiversified Portfolio
  • Expense Ratio0.40%
  • Index TrackedSolactive Flight to Safety Index (SOLFTS)
  • ETF Home Pagewww.direxion.com
  • Asset ClassMulti-Asset
  • Asset Class Size

    Multi-Cap
  • Asset Class Style

    Blend

FLYTShare Price Chart


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FLYTPerformance

The chart shows the growth of $10,000 invested in Direxion Flight to Safety Strategy ETF on Feb 6, 2020 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $10,436 for a total return of roughly 4.36%. All prices are adjusted for splits and dividends.


FLYT (Direxion Flight to Safety Strategy ETF)
Benchmark (^GSPC)

FLYTReturns in periods

Returns over 1 year are annualized

PeriodReturnBenchmark
YTD-2.99%-8.60%
1M-2.12%-7.82%
6M0.44%-1.49%
1Y0.17%13.41%
5Y2.19%14.51%
10Y2.19%14.51%

FLYTMonthly Returns Heatmap


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FLYTSharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Direxion Flight to Safety Strategy ETF Sharpe ratio is -0.06. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


FLYT (Direxion Flight to Safety Strategy ETF)
Benchmark (^GSPC)

FLYTDividend History

Direxion Flight to Safety Strategy ETF granted a 0.00% dividend yield in the last twelve months, as of May 14, 2022. The annual payout for that period amounted to $1.34 per share.


PeriodTTM20212020
Dividend$1.34$1.34$1.71

Dividend yield

0.00%2.64%3.41%

FLYTDrawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


FLYT (Direxion Flight to Safety Strategy ETF)
Benchmark (^GSPC)

FLYTWorst Drawdowns

The table below shows the maximum drawdowns of the Direxion Flight to Safety Strategy ETF. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the Direxion Flight to Safety Strategy ETF is 14.68%, recorded on Mar 19, 2020. It took 86 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-14.68%Mar 10, 20208Mar 19, 202086Jul 22, 202094
-14.49%Aug 7, 2020144Mar 4, 2021
-3.35%Feb 25, 20204Feb 28, 20203Mar 4, 20207
-0.43%Aug 3, 20201Aug 3, 20201Aug 4, 20202
-0.42%Aug 5, 20201Aug 5, 20201Aug 6, 20202
-0.3%Feb 11, 20202Feb 12, 20201Feb 13, 20203
-0.22%Feb 19, 20201Feb 19, 20201Feb 20, 20202
-0.12%Jul 27, 20201Jul 27, 20201Jul 28, 20202

FLYTVolatility Chart

Current Direxion Flight to Safety Strategy ETF volatility is 5.98%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


FLYT (Direxion Flight to Safety Strategy ETF)
Benchmark (^GSPC)

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