BMNU vs. FLYD
BMNU (T-REX 2X Long BMNR Daily Target ETF) and FLYD (MicroSectors Travel -3X Inverse Leveraged ETNs) are both exchange-traded funds - BMNU is a Leveraged Equities fund actively managed by REX, while FLYD is a Inverse Equities fund tracking the MerQube MicroSectors U.S. Travel Index. BMNU is actively managed, while FLYD is passively managed. At a correlation of -0.35, they often move in opposite directions. BMNU charges 1.50%/yr vs 0.95%/yr for FLYD.
Performance
BMNU vs. FLYD - Performance Comparison
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Returns By Period
In the year-to-date period, BMNU achieves a -79.08% return, which is significantly lower than FLYD's -13.05% return.
BMNU
- 1D
- -21.88%
- 1M
- -55.16%
- YTD
- -79.08%
- 6M
- -87.83%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLYD
- 1D
- -2.08%
- 1M
- -17.48%
- YTD
- -13.05%
- 6M
- -22.60%
- 1Y
- -49.08%
- 3Y*
- -55.38%
- 5Y*
- —
- 10Y*
- —
BMNU vs. FLYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BMNU T-REX 2X Long BMNR Daily Target ETF | -79.08% | -81.57% |
FLYD MicroSectors Travel -3X Inverse Leveraged ETNs | -13.05% | -11.70% |
Correlation
The correlation between BMNU and FLYD is -0.35, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 29, 2025 | -0.35 |
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Return for Risk
BMNU vs. FLYD — Risk / Return Rank
BMNU
FLYD
BMNU vs. FLYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long BMNR Daily Target ETF (BMNU) 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.
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Sharpe Ratios by Period
| BMNU | FLYD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.53 | -0.75 | +0.22 |
Drawdowns
BMNU vs. FLYD - Drawdown Comparison
The maximum BMNU drawdown since its inception was -97.45%, roughly equal to the maximum FLYD drawdown of -98.11%. Use the drawdown chart below to compare losses from any high point for BMNU and FLYD.
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Drawdown Indicators
| BMNU | FLYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.45% | -98.11% | +0.66% |
Max Drawdown (1Y)Largest decline over 1 year | — | -54.89% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -93.41% | — |
Current DrawdownCurrent decline from peak | -97.45% | -97.99% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -79.89% | -83.14% | +3.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 37.21% | — |
Volatility
BMNU vs. FLYD - Volatility Comparison
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Volatility by Period
| BMNU | FLYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 25.78% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 59.42% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 188.75% | 74.48% | +114.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 188.75% | 83.67% | +105.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 188.75% | 83.67% | +105.08% |
BMNU vs. FLYD - Expense Ratio Comparison
BMNU has a 1.50% expense ratio, which is higher than FLYD's 0.95% expense ratio.
Dividends
BMNU vs. FLYD - Dividend Comparison
Neither BMNU nor FLYD has paid dividends to shareholders.
Frequently Asked Questions
BMNU and FLYD have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
FLYD is cheaper with a 0.95% expense ratio, compared with 1.50% for BMNU.
BMNU and FLYD have nearly identical dividend yields, around 0.00%.
BMNU is categorized as Leveraged Equities, while FLYD is Inverse Equities. Their fees differ too: 1.50% for BMNU and 0.95% for FLYD.
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