FLYD vs. YXI
FLYD (MicroSectors Travel -3X Inverse Leveraged ETNs) and YXI (ProShares Short FTSE China 50) are both exchange-traded funds - FLYD is a Inverse Equities fund tracking the MerQube MicroSectors U.S. Travel Index, while YXI is a China Equities fund tracking the FTSE China 50 Net Tax USD (TR) (-100%). Both are passively managed. Over the past 3 years, FLYD returned -55.10%/yr vs -10.31%/yr for YXI. Their 0.36 correlation means their historical movements had little consistent relationship. Both charge a 0.95% expense ratio.
Performance
FLYD vs. YXI - Performance Comparison
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Returns By Period
In the year-to-date period, FLYD achieves a -35.79% return, which is significantly lower than YXI's 5.63% 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%
YXI
- 1D
- 0.58%
- 1M
- -12.38%
- 6M
- 6.78%
- YTD
- 5.63%
- 1Y
- 4.09%
- 3Y*
- -10.31%
- 5Y*
- -5.27%
- 10Y*
- -7.71%
- ALL TIME*
- -8.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $99.59K | $120.72K | $126.93K | |
| $23.14K | $29.95K | $34.52K |
FLYD vs. YXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FLYD MicroSectors Travel -3X Inverse Leveraged ETNs | -35.79% | -60.42% | -54.13% | -75.14% | -46.63% |
YXI ProShares Short FTSE China 50 | 5.63% | -22.87% | -25.36% | 12.40% | 7.75% |
Correlation
The correlation between FLYD and YXI is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2022 | 0.36 |
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Return for Risk
FLYD vs. YXI — Risk / Return Rank
FLYD
YXI
FLYD vs. YXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Travel -3X Inverse Leveraged ETNs (FLYD) and ProShares Short FTSE China 50 (YXI). 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 | YXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.05 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 0.30 | -1.20 |
| Martin ratioReturn relative to average drawdown | -1.66 | 0.77 | -2.43 |
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Drawdowns
FLYD vs. YXI - Drawdown Comparison
The maximum FLYD drawdown since its inception was -98.52%, which is greater than YXI's maximum drawdown of -81.15%. Use the drawdown chart below to compare losses from any high point for FLYD and YXI.
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Drawdown Indicators
| FLYD | YXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.52% | -81.15% | -17.37% |
Max Drawdown (1Y)Largest decline over 1 year | -57.09% | -13.55% | -43.54% |
Max Drawdown (3Y)Largest decline over 3 years | -94.84% | -53.12% | -41.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.65% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.63% | — |
Current DrawdownCurrent decline from peak | -98.52% | -78.43% | -20.09% |
Average DrawdownAverage peak-to-trough decline | -83.66% | -54.52% | -29.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.58% | 5.32% | +25.26% |
Volatility
FLYD vs. YXI - Volatility Comparison
MicroSectors Travel -3X Inverse Leveraged ETNs (FLYD) has a higher volatility of 22.74% compared to ProShares Short FTSE China 50 (YXI) at 6.80%. This indicates that FLYD's price experiences larger fluctuations and is considered to be riskier than YXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLYD | YXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.74% | 6.80% | +15.94% |
Volatility (6M)Calculated over the trailing 6-month period | 64.36% | 15.85% | +48.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 76.85% | 21.09% | +55.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.52% | 31.28% | +52.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.52% | 27.48% | +56.04% |
FLYD vs. YXI - Expense Ratio Comparison
Both FLYD and YXI have an expense ratio of 0.95%.
Dividends
FLYD vs. YXI - Dividend Comparison
FLYD has not paid dividends to shareholders, while YXI's dividend yield for the trailing twelve months is around 2.69%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLYD MicroSectors Travel -3X Inverse Leveraged ETNs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
YXI ProShares Short FTSE China 50 | 2.69% | 3.60% | 4.35% | 2.66% | 0.27% | 0.00% | 0.08% | 1.01% | 0.25% |
Frequently Asked Questions
FLYD and YXI have a correlation of 0.32, 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 YXI (6.80%). In terms of maximum drawdown, FLYD dropped -98.52% vs YXI's -81.15%.
On 3-year performance, YXI leads with -10.31% vs -55.10% for FLYD. Both ETFs have the same 0.95% expense ratio. On volatility, YXI has been the lower-risk option at 6.80%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, YXI has performed better with a -10.31% return vs -55.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLYD and YXI have the same expense ratio: 0.95% per year.
YXI has the higher dividend yield at 2.69%, compared with 0.00% for FLYD.
FLYD is categorized as Inverse Equities, while YXI is China Equities. FLYD tracks MerQube MicroSectors U.S. Travel Index, while YXI tracks FTSE China 50 Net Tax USD (TR) (-100%). They also come from different issuers: REX and ProShares.
YXI currently has the higher Sharpe Ratio (0.20 vs -0.66), 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.
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