CSCS vs. FLYD
CSCS (Direxion Daily CSCO Bear 1X Shares) and FLYD (MicroSectors Travel -3X Inverse Leveraged ETNs) are both Inverse Equities funds. At a 0.17 correlation, their price movements are largely independent. CSCS charges 1.00%/yr vs 0.95%/yr for FLYD.
Performance
CSCS vs. FLYD - Performance Comparison
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Returns By Period
In the year-to-date period, CSCS achieves a -42.32% return, which is significantly lower than FLYD's -11.20% return.
CSCS
- 1D
- 1.10%
- 1M
- -28.69%
- YTD
- -42.32%
- 6M
- -41.59%
- 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*
- —
CSCS vs. FLYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CSCS Direxion Daily CSCO Bear 1X Shares | -42.32% | -11.22% |
FLYD MicroSectors Travel -3X Inverse Leveraged ETNs | -11.20% | -35.80% |
Correlation
The correlation between CSCS and FLYD is 0.17, 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 Jun 26, 2025 | 0.17 |
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Return for Risk
CSCS vs. FLYD — Risk / Return Rank
CSCS
FLYD
CSCS vs. FLYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily CSCO Bear 1X Shares (CSCS) 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
| CSCS | 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 | -1.67 | -0.75 | -0.93 |
Drawdowns
CSCS vs. FLYD - Drawdown Comparison
The maximum CSCS drawdown since its inception was -50.80%, smaller than the maximum FLYD drawdown of -98.11%. Use the drawdown chart below to compare losses from any high point for CSCS and FLYD.
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Drawdown Indicators
| CSCS | FLYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.80% | -98.11% | +47.31% |
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 | -50.26% | -97.95% | +47.69% |
Average DrawdownAverage peak-to-trough decline | -13.70% | -83.12% | +69.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 37.06% | — |
Volatility
CSCS vs. FLYD - Volatility Comparison
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Volatility by Period
| CSCS | 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 | 30.62% | 74.47% | -43.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.62% | 83.70% | -53.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.62% | 83.70% | -53.08% |
CSCS vs. FLYD - Expense Ratio Comparison
CSCS has a 1.00% expense ratio, which is higher than FLYD's 0.95% expense ratio.
Dividends
CSCS vs. FLYD - Dividend Comparison
CSCS's dividend yield for the trailing twelve months is around 4.02%, while FLYD has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
CSCS Direxion Daily CSCO Bear 1X Shares | 4.02% | 1.72% |
FLYD MicroSectors Travel -3X Inverse Leveraged ETNs | 0.00% | 0.00% |
Frequently Asked Questions
CSCS and FLYD have a correlation of 0.17, 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 1.00% for CSCS.
CSCS has the higher dividend yield at 4.02%, compared with 0.00% for FLYD.
They also come from different issuers: Direxion and REX. Their fees differ too: 1.00% for CSCS and 0.95% for FLYD.
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