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. Their -0.32 correlation means they have often moved in opposite directions in the past. 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 -78.66% return, which is significantly lower than FLYD's -29.08% return.
BMNU
- 1D
- -8.68%
- 1M
- 32.42%
- 6M
- -71.98%
- YTD
- -78.66%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
FLYD
- 1D
- 2.07%
- 1M
- 4.87%
- 6M
- -35.29%
- YTD
- -29.08%
- 1Y
- -48.77%
- 3Y*
- -52.04%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -62.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $40.53M | $40.79M | $125.50M | |
| $95.69K | $124.77K | $139.75K |
BMNU vs. FLYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BMNU T-REX 2X Long BMNR Daily Target ETF | -78.66% | -80.88% |
FLYD MicroSectors Travel -3X Inverse Leveraged ETNs | -29.08% | -13.55% |
Correlation
The correlation between BMNU and FLYD is -0.32, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025 | -0.32 |
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Return for Risk
BMNU vs. FLYD — Risk / Return Rank
BMNU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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.
| BMNU | FLYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.94 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.81 | — |
| Martin ratioReturn relative to average drawdown | — | -1.51 | — |
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Drawdowns
BMNU vs. FLYD - Drawdown Comparison
The maximum BMNU drawdown since its inception was -98.29%, roughly equal to the maximum FLYD drawdown of -98.49%. 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 | -98.29% | -98.49% | +0.20% |
Max Drawdown (1Y)Largest decline over 1 year | — | -56.11% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -94.73% | — |
Current DrawdownCurrent decline from peak | -97.40% | -98.36% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -82.70% | -83.63% | +0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 30.18% | — |
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 | — | 21.84% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 64.55% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 183.45% | 76.98% | +106.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 183.45% | 83.54% | +99.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 183.45% | 83.54% | +99.91% |
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 -0.32, 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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