- ISIN
- US06368J2006
- Issuer
- REX
- Inception Date
- Jun 22, 2022
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MerQube MicroSectors U.S. Travel Index
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $8M
Highlights
- Avg. Volume (1M)
- 839
- Avg. Volume Value (1M)
- $39.32K
Share Price Chart
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Performance
FLYU Performance Chart
MicroSectors Travel 3X Leveraged ETNs (FLYU) is down 14.4% since the beginning of the year. FLYU is currently trading at $47 per share.
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Returns By Period
MicroSectors Travel 3X Leveraged ETNs (FLYU) has returned -14.35% so far this year and -4.05% over the past 12 months.
MicroSectors Travel 3X Leveraged ETNs
- 1D
- -2.10%
- 1M
- -9.79%
- 6M
- -1.73%
- YTD
- -14.35%
- 1Y
- -4.05%
- 3Y*
- 0.98%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.94%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FLYU Monthly Returns History
Based on dividend-adjusted daily data since Jun 22, 2022, FLYU's average daily return is +0.20%, while the average monthly return is +4.02%. At this rate, an investment would double in approximately 1.5 years.
Historically, 48% of months were positive and 52% were negative. The best month was Jan 2023 with a return of +86.1%, while the worst month was Mar 2025 at -38.6%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FLYU closed higher 51% of trading days. The best single day was Apr 9, 2025 with a return of +45.6%, while the worst single day was Apr 3, 2025 at -26.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -12.84% | -9.17% | -22.48% | 18.31% | 12.55% | 14.44% | -8.41% | -14.35% | |||||
| 2025 | 8.10% | -4.01% | -38.64% | -12.22% | 36.50% | 19.74% | 2.58% | 16.95% | -12.33% | -8.34% | -3.27% | 14.70% | -2.29% |
| 2024 | -0.79% | 23.32% | 9.85% | -24.33% | -7.56% | 11.16% | -19.86% | -3.91% | 26.10% | 18.06% | 31.82% | -15.79% | 33.00% |
| 2023 | 86.08% | -3.82% | -14.17% | -5.42% | -3.99% | 52.19% | 14.51% | -22.64% | -20.11% | -25.99% | 47.54% | 28.73% | 111.16% |
| 2022 | -11.00% | 32.75% | 0.32% | -32.86% | 47.68% | 5.63% | -34.82% | -19.09% |
Benchmark Metrics
MicroSectors Travel 3X Leveraged ETNs has an annualized alpha of -19.41%, beta of 3.93, and R2 of 0.59 versus S&P 500 Index. Calculated based on daily prices since June 22, 2022.
- This ETF captured 435.51% of S&P 500 Index gains and 273.37% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF had an annualized alpha of -19.41% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 3.93 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- -19.41%
- Beta
- 3.93
- R²
- 0.59
- Upside Capture
- 435.51%
- Downside Capture
- 273.37%
Expense Ratio
FLYU has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FLYU ranks 11 for risk / return — above 11% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for MicroSectors Travel 3X Leveraged ETNs (FLYU) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FLYU | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.25 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 2.00 | -2.21 |
| Martin ratioReturn relative to average drawdown | -0.41 | 8.49 | -8.90 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the MicroSectors Travel 3X Leveraged ETNs. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MicroSectors Travel 3X Leveraged ETNs was 69.00%, occurring on Apr 8, 2025. The portfolio has not yet recovered.
The current MicroSectors Travel 3X Leveraged ETNs drawdown is 32.06%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-69.00%Apr 2025 | 1mo 17d | — | 1y 5moFeb 2025 - now | 2025 selloff2025 |
-57.71%Dec 2022 | 4mo 13d | 1mo 11d | 5mo 24dAug 2022 - Feb 2023 | Bear market2022 |
-57.51%Oct 2023 | 2mo 27d | 3mo 14d | 6mo 11dAug 2023 - Feb 2024 | — |
-56.08%Aug 2024 | 4mo 10d | 3mo 3d | 7mo 13dMar 2024 - Nov 2024 | — |
-42.00%Apr 2023 | 2mo 9d | 2mo 8d | 4mo 17dFeb 2023 - Jul 2023 | — |
Drawdown Indicators
| FLYU | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.00% | -56.78% | -12.22% |
Max Drawdown (1Y)Largest decline over 1 year | -52.33% | -9.10% | -43.23% |
Max Drawdown (3Y)Largest decline over 3 years | -69.00% | -18.90% | -50.10% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -32.06% | -1.58% | -30.48% |
Average DrawdownAverage peak-to-trough decline | -26.65% | -10.70% | -15.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.23% | 2.14% | +24.09% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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