FLYU vs. AEO
FLYU (MicroSectors Travel 3X Leveraged ETNs) is Leveraged Equities fund tracking the MerQube MicroSectors U.S. Travel Index, while AEO (American Eagle Outfitters, Inc.) is a stock. Over the past 3 years, FLYU returned 1.34%/yr vs 12.19%/yr for AEO. At a 0.48 correlation, their price movements are largely independent.
Performance
FLYU vs. AEO - Performance Comparison
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Returns By Period
In the year-to-date period, FLYU achieves a -15.58% return, which is significantly higher than AEO's -38.06% return.
FLYU
- 1D
- -4.41%
- 1M
- 3.14%
- 6M
- -21.69%
- YTD
- -15.58%
- 1Y
- -20.87%
- 3Y*
- 1.34%
- 5Y*
- —
- 10Y*
- —
AEO
- 1D
- -4.64%
- 1M
- -14.04%
- 6M
- -37.14%
- YTD
- -38.06%
- 1Y
- 66.37%
- 3Y*
- 12.19%
- 5Y*
- -12.65%
- 10Y*
- 2.18%
FLYU vs. AEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FLYU MicroSectors Travel 3X Leveraged ETNs | -15.58% | -2.29% | 33.00% | 111.16% | -19.09% |
AEO American Eagle Outfitters, Inc. | -38.06% | 64.66% | -19.34% | 54.86% | 20.58% |
Correlation
The correlation between FLYU and AEO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2022 | 0.48 |
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Return for Risk
FLYU vs. AEO — Risk / Return Rank
FLYU
AEO
FLYU vs. AEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Travel 3X Leveraged ETNs (FLYU) and American Eagle Outfitters, Inc. (AEO). 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.
| FLYU | AEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.24 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 1.43 | -1.83 |
| Martin ratioReturn relative to average drawdown | -0.82 | 2.72 | -3.53 |
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Drawdowns
FLYU vs. AEO - Drawdown Comparison
The maximum FLYU drawdown since its inception was -69.00%, smaller than the maximum AEO drawdown of -80.67%. Use the drawdown chart below to compare losses from any high point for FLYU and AEO.
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Drawdown Indicators
| FLYU | AEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.00% | -80.67% | +11.67% |
Max Drawdown (1Y)Largest decline over 1 year | -52.33% | -46.69% | -5.64% |
Max Drawdown (3Y)Largest decline over 3 years | -69.00% | -63.13% | -5.87% |
Max Drawdown (5Y)Largest decline over 5 years | — | -71.49% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.67% | — |
Current DrawdownCurrent decline from peak | -33.03% | -50.89% | +17.86% |
Average DrawdownAverage peak-to-trough decline | -26.55% | -37.91% | +11.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.61% | 24.50% | +1.11% |
Volatility
FLYU vs. AEO - Volatility Comparison
MicroSectors Travel 3X Leveraged ETNs (FLYU) has a higher volatility of 23.31% compared to American Eagle Outfitters, Inc. (AEO) at 13.64%. This indicates that FLYU's price experiences larger fluctuations and is considered to be riskier than AEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLYU | AEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.31% | 13.64% | +9.67% |
Volatility (6M)Calculated over the trailing 6-month period | 61.10% | 37.18% | +23.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.61% | 70.10% | +4.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.06% | 54.17% | +28.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.06% | 51.85% | +31.21% |
Dividends
FLYU vs. AEO - Dividend Comparison
FLYU has not paid dividends to shareholders, while AEO's dividend yield for the trailing twelve months is around 3.12%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AEO American Eagle Outfitters, Inc. | 3.12% | 1.90% | 3.00% | 1.42% | 2.58% | 3.22% | 1.37% | 2.81% | 2.85% | 2.66% | 3.30% | 3.23% |
FLYU MicroSectors Travel 3X Leveraged ETNs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLYU and AEO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLYU has higher volatility (23.31%) compared to AEO (13.64%). In terms of maximum drawdown, FLYU dropped -69.00% vs AEO's -80.67%.
AEO currently has the higher Sharpe Ratio (0.95 vs -0.28), 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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