BEZ vs. FLYD

Last updated Jun 6, 2026

BEZ (Tradr 2X Short BE Daily ETF) and FLYD (MicroSectors Travel -3X Inverse Leveraged ETNs) are both Inverse Equities funds - BEZ tracks the Bloom Energy Corporation (BE) while FLYD tracks the MerQube MicroSectors U.S. Travel Index. Both are passively managed. At a 0.12 correlation, their price movements are largely independent. BEZ charges 1.49%/yr vs 0.95%/yr for FLYD.

Performance

BEZ vs. FLYD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Short BE Daily ETF (BEZ) and MicroSectors Travel -3X Inverse Leveraged ETNs (FLYD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BEZ

• 1D: 19.75%
• 1M: -5.14%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FLYD

• 1D: 2.48%
• 1M: -1.03%
• YTD: -10.89%
• 6M: -18.12%
• 1Y: -47.47%
• 3Y*: -54.07%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BEZ vs. FLYD - Yearly Performance Comparison

	2026 (YTD)
BEZ Tradr 2X Short BE Daily ETF	-91.00%
FLYD MicroSectors Travel -3X Inverse Leveraged ETNs	-18.23%

Correlation

The correlation between BEZ and FLYD is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 12, 2026	0.12

Return for Risk

BEZ vs. FLYD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLYD

FLYD Risk / Return Rank: 4
FLYD Sharpe Ratio Rank: 4
FLYD Sortino Ratio Rank: 5
FLYD Omega Ratio Rank: 5
FLYD Calmar Ratio Rank: 1
FLYD Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BEZ vs. FLYD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Short BE Daily ETF (BEZ) and MicroSectors Travel -3X Inverse Leveraged ETNs (FLYD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BEZ	FLYD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.45	-0.74	+0.30

Drawdowns

BEZ vs. FLYD - Drawdown Comparison

The maximum BEZ drawdown since its inception was -94.19%, roughly equal to the maximum FLYD drawdown of -98.11%. Use the drawdown chart below to compare losses from any high point for BEZ and FLYD.

Drawdown Indicators

	BEZ	FLYD	Difference
Max Drawdown Largest peak-to-trough decline	-94.19%	-98.11%	+3.92%
Max Drawdown (1Y) Largest decline over 1 year	—	-54.89%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-93.41%	—
Current Drawdown Current decline from peak	-92.58%	-97.94%	+5.36%
Average Drawdown Average peak-to-trough decline	-60.62%	-83.15%	+22.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	37.34%	—

Volatility

Volatility by Period

	BEZ	FLYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	20.72%	—
Volatility (6M) Calculated over the trailing 6-month period	—	59.35%	—
Volatility (1Y) Calculated over the trailing 1-year period	224.98%	74.52%	+150.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	224.98%	83.64%	+141.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	224.98%	83.64%	+141.34%

BEZ vs. FLYD - Expense Ratio Comparison

BEZ has a 1.49% expense ratio, which is higher than FLYD's 0.95% expense ratio.

Dividends

BEZ vs. FLYD - Dividend Comparison

Neither BEZ nor FLYD has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BEZ and FLYD in my portfolio?

BEZ and FLYD have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BEZ or FLYD?

On fees, FLYD is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BEZ or FLYD?

FLYD is cheaper with a 0.95% expense ratio, compared with 1.49% for BEZ.

Which ETF pays a higher dividend yield, BEZ or FLYD?

BEZ and FLYD have nearly identical dividend yields, around 0.00%.

What is the main difference between BEZ and FLYD?

BEZ tracks Bloom Energy Corporation (BE), while FLYD tracks MerQube MicroSectors U.S. Travel Index. They also come from different issuers: Tradr and REX. Their fees differ too: 1.49% for BEZ and 0.95% for FLYD.