FLYD vs. WTIU

Last updated Apr 2, 2026

Compare and contrast key facts about MicroSectors Travel -3X Inverse Leveraged ETNs (FLYD) and MicroSectors Energy 3X Leveraged ETN (WTIU).

FLYD and WTIU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLYD is a passively managed fund by REX that tracks the performance of the MerQube MicroSectors U.S. Travel Index. It was launched on Jun 22, 2022. WTIU is a passively managed fund by REX that tracks the performance of the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). It was launched on Feb 16, 2023. Both FLYD and WTIU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FLYD vs. WTIU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Travel -3X Inverse Leveraged ETNs (FLYD) and MicroSectors Energy 3X Leveraged ETN (WTIU). The values are adjusted to include any dividend payments, if applicable.

FLYD vs. WTIU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FLYD MicroSectors Travel -3X Inverse Leveraged ETNs	26.36%	-60.42%	-54.13%	-38.51%
WTIU MicroSectors Energy 3X Leveraged ETN	113.23%	-17.13%	-29.63%	-28.42%

Returns By Period

In the year-to-date period, FLYD achieves a 26.36% return, which is significantly lower than WTIU's 113.23% return.

FLYD

• 1D: -3.97%
• 1M: 7.80%
• YTD: 26.36%
• 6M: 5.01%
• 1Y: -62.53%
• 3Y*: -52.14%
• 5Y*: —
• 10Y*: —

WTIU

• 1D: -11.84%
• 1M: 17.12%
• YTD: 113.23%
• 6M: 89.84%
• 1Y: 46.84%
• 3Y*: 2.42%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLYD vs. WTIU - Expense Ratio Comparison

Both FLYD and WTIU have an expense ratio of 0.95%.

FLYD

MicroSectors Travel -3X Inverse Leveraged ETNs

WTIU

MicroSectors Energy 3X Leveraged ETN

Return for Risk

FLYD vs. WTIU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLYD

FLYD Risk / Return Rank: 3
FLYD Sharpe Ratio Rank: 2
FLYD Sortino Ratio Rank: 3
FLYD Omega Ratio Rank: 3
FLYD Calmar Ratio Rank: 1
FLYD Martin Ratio Rank: 5

WTIU

WTIU Risk / Return Rank: 34
WTIU Sharpe Ratio Rank: 29
WTIU Sortino Ratio Rank: 42
WTIU Omega Ratio Rank: 43
WTIU Calmar Ratio Rank: 35
WTIU Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLYD vs. WTIU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Travel -3X Inverse Leveraged ETNs (FLYD) and MicroSectors Energy 3X Leveraged ETN (WTIU). 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.

	FLYD	WTIU	Difference
Sharpe ratio Return per unit of total volatility	-0.67	0.58	-1.25
Sortino ratio Return per unit of downside risk	-0.73	1.22	-1.95
Omega ratio Gain probability vs. loss probability	0.90	1.18	-0.28
Calmar ratio Return relative to maximum drawdown	-0.76	0.92	-1.67
Martin ratio Return relative to average drawdown	-0.86	1.71	-2.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLYD vs. WTIU - Sharpe Ratio Comparison

The current FLYD Sharpe Ratio is -0.67, which is lower than the WTIU Sharpe Ratio of 0.58. The chart below compares the historical Sharpe Ratios of FLYD and WTIU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FLYD	WTIU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.67	0.58	-1.25
Sharpe Ratio (All Time) Calculated using the full available price history	-0.72	-0.05	-0.67

Correlation

The correlation between FLYD and WTIU is -0.21. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

FLYD vs. WTIU - Dividend Comparison

Neither FLYD nor WTIU has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

FLYD vs. WTIU - Drawdown Comparison

The maximum FLYD drawdown since its inception was -97.96%, which is greater than WTIU's maximum drawdown of -75.73%. Use the drawdown chart below to compare losses from any high point for FLYD and WTIU.

Drawdown Indicators

	FLYD	WTIU	Difference
Max Drawdown Largest peak-to-trough decline	-97.96%	-75.73%	-22.23%
Max Drawdown (1Y) Largest decline over 1 year	-82.41%	-53.11%	-29.30%
Current Drawdown Current decline from peak	-97.09%	-24.42%	-72.67%
Average Drawdown Average peak-to-trough decline	-82.46%	-39.49%	-42.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	72.53%	28.53%	+44.00%

Volatility

FLYD vs. WTIU - Volatility Comparison

MicroSectors Travel -3X Inverse Leveraged ETNs (FLYD) has a higher volatility of 28.29% compared to MicroSectors Energy 3X Leveraged ETN (WTIU) at 22.50%. This indicates that FLYD's price experiences larger fluctuations and is considered to be riskier than WTIU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLYD	WTIU	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.29%	22.50%	+5.79%
Volatility (6M) Calculated over the trailing 6-month period	54.96%	46.56%	+8.40%
Volatility (1Y) Calculated over the trailing 1-year period	92.87%	81.69%	+11.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.48%	69.54%	+13.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.48%	69.54%	+13.94%