CRCD vs. FLYD
CRCD (T-REX 2X Inverse CRCL Daily Target ETF) and FLYD (MicroSectors Travel -3X Inverse Leveraged ETNs) are both Inverse Equities funds. CRCD is actively managed, while FLYD is passively managed. At a 0.31 correlation, their price movements are largely independent. CRCD charges 1.50%/yr vs 0.95%/yr for FLYD.
Performance
CRCD vs. FLYD - Performance Comparison
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Returns By Period
In the year-to-date period, CRCD achieves a -88.01% return, which is significantly lower than FLYD's -11.20% return.
CRCD
- 1D
- 20.12%
- 1M
- 35.97%
- YTD
- -88.01%
- 6M
- -87.46%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLYD
- 1D
- 3.25%
- 1M
- -18.38%
- YTD
- -11.20%
- 6M
- -19.27%
- 1Y
- -48.13%
- 3Y*
- -55.26%
- 5Y*
- —
- 10Y*
- —
CRCD vs. FLYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRCD T-REX 2X Inverse CRCL Daily Target ETF | -88.01% | 43.19% |
FLYD MicroSectors Travel -3X Inverse Leveraged ETNs | -11.20% | -11.70% |
Correlation
The correlation between CRCD and FLYD is 0.31, 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 Sep 29, 2025 | 0.31 |
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Return for Risk
CRCD vs. FLYD — Risk / Return Rank
CRCD
FLYD
CRCD vs. FLYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Inverse CRCL Daily Target ETF (CRCD) 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
| CRCD | FLYD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.45 | -0.75 | +0.29 |
Drawdowns
CRCD vs. FLYD - Drawdown Comparison
The maximum CRCD drawdown since its inception was -96.95%, roughly equal to the maximum FLYD drawdown of -98.11%. Use the drawdown chart below to compare losses from any high point for CRCD and FLYD.
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Drawdown Indicators
| CRCD | FLYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.95% | -98.11% | +1.16% |
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 | -94.31% | -97.95% | +3.64% |
Average DrawdownAverage peak-to-trough decline | -54.51% | -83.12% | +28.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 37.06% | — |
Volatility
CRCD vs. FLYD - Volatility Comparison
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Volatility by Period
| CRCD | FLYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 25.85% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 59.48% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 204.54% | 74.47% | +130.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 204.54% | 83.70% | +120.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 204.54% | 83.70% | +120.84% |
CRCD vs. FLYD - Expense Ratio Comparison
CRCD has a 1.50% expense ratio, which is higher than FLYD's 0.95% expense ratio.
Dividends
CRCD vs. FLYD - Dividend Comparison
Neither CRCD nor FLYD has paid dividends to shareholders.
Frequently Asked Questions
CRCD and FLYD have a correlation of 0.31, 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 CRCD.
CRCD and FLYD have nearly identical dividend yields, around 0.00%.
They also come from different issuers: T-Rex and REX. Their fees differ too: 1.50% for CRCD and 0.95% for FLYD.
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