FLYU vs. AEO

Last updated Apr 1, 2026

Compare and contrast key facts about MicroSectors Travel 3X Leveraged ETNs (FLYU) and American Eagle Outfitters, Inc. (AEO).

FLYU 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.

Performance

FLYU vs. AEO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Travel 3X Leveraged ETNs (FLYU) and American Eagle Outfitters, Inc. (AEO). The values are adjusted to include any dividend payments, if applicable.

FLYU vs. AEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FLYU MicroSectors Travel 3X Leveraged ETNs	-38.63%	-2.29%	33.00%	111.16%	-17.79%
AEO American Eagle Outfitters, Inc.	-36.38%	64.66%	-19.34%	54.86%	19.06%

Returns By Period

In the year-to-date period, FLYU achieves a -38.63% return, which is significantly lower than AEO's -36.38% return.

FLYU

• 1D: 12.17%
• 1M: -22.48%
• YTD: -38.63%
• 6M: -37.59%
• 1Y: -5.83%
• 3Y*: 3.11%
• 5Y*: —
• 10Y*: —

AEO

• 1D: 3.79%
• 1M: -32.03%
• YTD: -36.38%
• 6M: -1.14%
• 1Y: 49.14%
• 3Y*: 10.77%
• 5Y*: -7.97%
• 10Y*: 2.86%

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

Return for Risk

FLYU vs. AEO — Risk / Return Rank

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

FLYU

FLYU Risk / Return Rank: 14
FLYU Sharpe Ratio Rank: 10
FLYU Sortino Ratio Rank: 21
FLYU Omega Ratio Rank: 20
FLYU Calmar Ratio Rank: 10
FLYU Martin Ratio Rank: 9

AEO

AEO Risk / Return Rank: 68
AEO Sharpe Ratio Rank: 66
AEO Sortino Ratio Rank: 71
AEO Omega Ratio Rank: 68
AEO Calmar Ratio Rank: 68
AEO Martin Ratio Rank: 68

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.

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.

	FLYU	AEO	Difference
Sharpe ratio Return per unit of total volatility	-0.06	0.67	-0.73
Sortino ratio Return per unit of downside risk	0.59	1.60	-1.01
Omega ratio Gain probability vs. loss probability	1.08	1.20	-0.13
Calmar ratio Return relative to maximum drawdown	-0.13	1.21	-1.34
Martin ratio Return relative to average drawdown	-0.33	3.07	-3.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLYU vs. AEO - Sharpe Ratio Comparison

The current FLYU Sharpe Ratio is -0.06, which is lower than the AEO Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of FLYU and AEO, 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

	FLYU	AEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.06	0.67	-0.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.15	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.22	-0.11

Correlation

The correlation between FLYU and AEO is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

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 2.99%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
AEO American Eagle Outfitters, Inc.	2.99%	1.90%	3.00%	1.42%	2.58%	3.22%	1.37%	2.81%	2.85%	2.66%	3.30%	3.23%

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.

Drawdown Indicators

	FLYU	AEO	Difference
Max Drawdown Largest peak-to-trough decline	-69.00%	-80.67%	+11.67%
Max Drawdown (1Y) Largest decline over 1 year	-52.33%	-42.74%	-9.59%
Max Drawdown (5Y) Largest decline over 5 years	—	-73.13%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-75.67%	—
Current Drawdown Current decline from peak	-51.32%	-49.56%	-1.76%
Average Drawdown Average peak-to-trough decline	-25.78%	-37.83%	+12.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.15%	16.84%	+4.31%

Volatility

FLYU vs. AEO - Volatility Comparison

MicroSectors Travel 3X Leveraged ETNs (FLYU) has a higher volatility of 26.19% compared to American Eagle Outfitters, Inc. (AEO) at 17.04%. 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.

Volatility by Period

	FLYU	AEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.19%	17.04%	+9.15%
Volatility (6M) Calculated over the trailing 6-month period	54.65%	37.61%	+17.04%
Volatility (1Y) Calculated over the trailing 1-year period	92.60%	73.77%	+18.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.00%	53.71%	+29.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.00%	51.62%	+31.38%