CSCS vs. FLYD
CSCS (Direxion Daily CSCO Bear 1X Shares) and FLYD (MicroSectors Travel -3X Inverse Leveraged ETNs) are both Inverse Equities funds. Over the past year, CSCS returned -46.14% vs -55.37% for FLYD. 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 -39.33% return, which is significantly lower than FLYD's -32.89% return.
CSCS
- 1D
- 0.93%
- 1M
- 0.03%
- YTD
- -39.33%
- 6M
- -38.37%
- 1Y
- -46.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLYD
- 1D
- -9.30%
- 1M
- -31.47%
- YTD
- -32.89%
- 6M
- -29.32%
- 1Y
- -55.37%
- 3Y*
- -56.79%
- 5Y*
- —
- 10Y*
- —
CSCS vs. FLYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CSCS Direxion Daily CSCO Bear 1X Shares | -39.33% | -11.22% |
FLYD MicroSectors Travel -3X Inverse Leveraged ETNs | -32.89% | -33.50% |
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 25, 2025 | 0.17 |
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Return for Risk
CSCS vs. FLYD — Risk / Return Rank
CSCS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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.
| CSCS | FLYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.89 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.98 | — |
| Martin ratioReturn relative to average drawdown | — | -1.86 | — |
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Drawdowns
CSCS vs. FLYD - Drawdown Comparison
The maximum CSCS drawdown since its inception was -51.58%, smaller than the maximum FLYD drawdown of -98.45%. 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 | -51.58% | -98.45% | +46.87% |
Max Drawdown (1Y)Largest decline over 1 year | -51.58% | -56.92% | +5.34% |
Max Drawdown (3Y)Largest decline over 3 years | — | -94.61% | — |
Current DrawdownCurrent decline from peak | -47.68% | -98.45% | +50.77% |
Average DrawdownAverage peak-to-trough decline | -15.57% | -83.25% | +67.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 29.82% | — |
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 | — | 25.88% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 62.99% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 31.11% | 76.25% | -45.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.11% | 83.85% | -52.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.11% | 83.85% | -52.74% |
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 4.70%, while FLYD has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
CSCS Direxion Daily CSCO Bear 1X Shares | 4.70% | 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 1-year performance, CSCS leads with -46.14% vs -55.37% for 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.
Over the 1-year period, CSCS has performed better with a -46.14% return vs -55.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLYD is cheaper with a 0.95% expense ratio, compared with 1.00% for CSCS.
CSCS has the higher dividend yield at 4.70%, 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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