FLYD vs. BTCL
FLYD (MicroSectors Travel -3X Inverse Leveraged ETNs) and BTCL (T-REX 2X Long Bitcoin Daily Target ETF) are both exchange-traded funds - FLYD is a Inverse Equities fund tracking the MerQube MicroSectors U.S. Travel Index, while BTCL is a Leveraged Cryptocurrency fund actively managed by REX. FLYD is passively managed, while BTCL is actively managed. Over the past year, FLYD returned -50.80% vs -78.65% for BTCL. Their -0.36 correlation means they have often moved in opposite directions in the past. Both charge a 0.95% expense ratio.
Performance
FLYD vs. BTCL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FLYD achieves a -35.79% return, which is significantly higher than BTCL's -56.96% return.
FLYD
- 1D
- -4.90%
- 1M
- -5.05%
- 6M
- -41.66%
- YTD
- -35.79%
- 1Y
- -50.80%
- 3Y*
- -55.10%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -63.67%
BTCL
- 1D
- 1.30%
- 1M
- 7.51%
- 6M
- -41.67%
- YTD
- -56.96%
- 1Y
- -78.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -26.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $864.64K | $868.11K | $1.24M | |
| $99.59K | $120.72K | $126.93K |
FLYD vs. BTCL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FLYD MicroSectors Travel -3X Inverse Leveraged ETNs | -35.79% | -60.42% | -43.97% |
BTCL T-REX 2X Long Bitcoin Daily Target ETF | -56.96% | -39.52% | 101.29% |
Correlation
The correlation between FLYD and BTCL is -0.27, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2024 | -0.36 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FLYD vs. BTCL — Risk / Return Rank
FLYD
BTCL
FLYD vs. BTCL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Travel -3X Inverse Leveraged ETNs (FLYD) and T-REX 2X Long Bitcoin Daily Target ETF (BTCL). 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.
| FLYD | BTCL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.81 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | -0.94 | +0.05 |
| Martin ratioReturn relative to average drawdown | -1.66 | -1.30 | -0.36 |
Loading charts...
Drawdowns
FLYD vs. BTCL - Drawdown Comparison
The maximum FLYD drawdown since its inception was -98.52%, which is greater than BTCL's maximum drawdown of -84.01%. Use the drawdown chart below to compare losses from any high point for FLYD and BTCL.
Loading charts...
Drawdown Indicators
| FLYD | BTCL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.52% | -84.01% | -14.51% |
Max Drawdown (1Y)Largest decline over 1 year | -57.09% | -84.01% | +26.92% |
Max Drawdown (3Y)Largest decline over 3 years | -94.84% | — | — |
Current DrawdownCurrent decline from peak | -98.52% | -81.29% | -17.23% |
Average DrawdownAverage peak-to-trough decline | -83.66% | -37.93% | -45.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.58% | 60.42% | -29.84% |
Volatility
FLYD vs. BTCL - Volatility Comparison
MicroSectors Travel -3X Inverse Leveraged ETNs (FLYD) has a higher volatility of 22.74% compared to T-REX 2X Long Bitcoin Daily Target ETF (BTCL) at 16.06%. This indicates that FLYD's price experiences larger fluctuations and is considered to be riskier than BTCL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FLYD | BTCL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.74% | 16.06% | +6.68% |
Volatility (6M)Calculated over the trailing 6-month period | 64.36% | 66.67% | -2.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 76.85% | 88.55% | -11.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.52% | 96.09% | -12.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.52% | 96.09% | -12.57% |
FLYD vs. BTCL - Expense Ratio Comparison
Both FLYD and BTCL have an expense ratio of 0.95%.
Dividends
FLYD vs. BTCL - Dividend Comparison
FLYD has not paid dividends to shareholders, while BTCL's dividend yield for the trailing twelve months is around 3.94%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BTCL T-REX 2X Long Bitcoin Daily Target ETF | 3.94% | 1.70% | 4.35% |
FLYD MicroSectors Travel -3X Inverse Leveraged ETNs | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLYD and BTCL have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLYD has higher volatility (22.74%) compared to BTCL (16.06%). In terms of maximum drawdown, FLYD dropped -98.52% vs BTCL's -84.01%.
On 1-year performance, FLYD leads with -50.80% vs -78.65% for BTCL. Both ETFs have the same 0.95% expense ratio. On volatility, BTCL has been the lower-risk option at 16.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FLYD has performed better with a -50.80% return vs -78.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLYD and BTCL have the same expense ratio: 0.95% per year.
BTCL has the higher dividend yield at 3.94%, compared with 0.00% for FLYD.
FLYD is categorized as Inverse Equities, while BTCL is Leveraged Cryptocurrency.
FLYD currently has the higher Sharpe Ratio (-0.66 vs -0.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for FLYD and BTCL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer