FLYU vs. AWAY

Last updated Jun 3, 2026

FLYU (MicroSectors Travel 3X Leveraged ETNs) and AWAY (ETFMG Travel Tech ETF) are both exchange-traded funds - FLYU is a Leveraged Equities fund tracking the MerQube MicroSectors U.S. Travel Index, while AWAY is a Consumer Discretionary Equities fund tracking the Prime Travel Technology Index. Both are passively managed. Over the past 3 years, FLYU returned 11.53%/yr vs 1.04%/yr for AWAY. A 0.80 correlation means they provide meaningful diversification when combined. FLYU charges 0.95%/yr vs 0.75%/yr for AWAY.

Performance

FLYU vs. AWAY - Performance Comparison

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

Returns By Period

In the year-to-date period, FLYU achieves a -19.58% return, which is significantly lower than AWAY's -14.52% return.

FLYU

• 1D: -4.72%
• 1M: 9.41%
• YTD: -19.58%
• 6M: -10.34%
• 1Y: 3.38%
• 3Y*: 11.53%
• 5Y*: —
• 10Y*: —

AWAY

• 1D: -0.29%
• 1M: 1.90%
• YTD: -14.52%
• 6M: -15.06%
• 1Y: -16.63%
• 3Y*: 1.04%
• 5Y*: -10.82%
• 10Y*: —

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

FLYU vs. AWAY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FLYU MicroSectors Travel 3X Leveraged ETNs	-19.58%	-2.29%	33.00%	111.16%	-17.79%
AWAY ETFMG Travel Tech ETF	-14.52%	-3.36%	10.44%	17.94%	-8.18%

Correlation

The correlation between FLYU and AWAY is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jun 23, 2022	0.80

The correlation between FLYU and AWAY has been stable across timeframes, ranging from 0.73 to 0.80 - a consistent structural relationship.

FLYU vs. AWAY - Sectors Allocation Comparison

Sectors	FLYU	AWAY
Consumer Cyclical	52.6%	63.7%
Industrials	17.7%	1.0%
Technology	16.4%	30.0%
Communication Services	13.2%	4.0%
Real Estate	0.1%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.2%
Healthcare	-	-
Utilities	-	-

Return for Risk

FLYU vs. AWAY — Risk / Return Rank

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

FLYU

FLYU Risk / Return Rank: 11
FLYU Sharpe Ratio Rank: 9
FLYU Sortino Ratio Rank: 14
FLYU Omega Ratio Rank: 13
FLYU Calmar Ratio Rank: 9
FLYU Martin Ratio Rank: 9

AWAY

AWAY Risk / Return Rank: 3
AWAY Sharpe Ratio Rank: 3
AWAY Sortino Ratio Rank: 3
AWAY Omega Ratio Rank: 3
AWAY Calmar Ratio Rank: 4
AWAY Martin Ratio Rank: 4

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. AWAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Travel 3X Leveraged ETNs (FLYU) and ETFMG Travel Tech ETF (AWAY). 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	AWAY	Difference
Sharpe ratio Return per unit of total volatility	0.05	-0.75	+0.80
Sortino ratio Return per unit of downside risk	0.62	-0.95	+1.57
Omega ratio Gain probability vs. loss probability	1.07	0.89	+0.18
Calmar ratio Return relative to maximum drawdown	0.06	-0.50	+0.55
Martin ratio Return relative to average drawdown	0.12	-1.00	+1.12
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. AWAY - Sharpe Ratio Comparison

The current FLYU Sharpe Ratio is 0.05, which is higher than the AWAY Sharpe Ratio of -0.75. The chart below compares the historical Sharpe Ratios of FLYU and AWAY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLYU	AWAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.05	-0.75	+0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	-0.16	+0.36

Drawdowns

FLYU vs. AWAY - Drawdown Comparison

The maximum FLYU drawdown since its inception was -69.00%, which is greater than AWAY's maximum drawdown of -56.57%. Use the drawdown chart below to compare losses from any high point for FLYU and AWAY.

Drawdown Indicators

	FLYU	AWAY	Difference
Max Drawdown Largest peak-to-trough decline	-69.00%	-56.57%	-12.43%
Max Drawdown (1Y) Largest decline over 1 year	-52.33%	-32.83%	-19.50%
Max Drawdown (3Y) Largest decline over 3 years	-69.00%	-32.83%	-36.17%
Max Drawdown (5Y) Largest decline over 5 years	—	-52.49%	—
Current Drawdown Current decline from peak	-36.21%	-48.43%	+12.22%
Average Drawdown Average peak-to-trough decline	-26.46%	-36.15%	+9.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.44%	16.26%	+8.18%

Volatility

FLYU vs. AWAY - Volatility Comparison

MicroSectors Travel 3X Leveraged ETNs (FLYU) has a higher volatility of 25.48% compared to ETFMG Travel Tech ETF (AWAY) at 6.89%. This indicates that FLYU's price experiences larger fluctuations and is considered to be riskier than AWAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLYU	AWAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.48%	6.89%	+18.59%
Volatility (6M) Calculated over the trailing 6-month period	57.25%	17.88%	+39.37%
Volatility (1Y) Calculated over the trailing 1-year period	73.65%	22.27%	+51.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.18%	26.81%	+56.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.18%	31.81%	+51.37%

FLYU vs. AWAY - Expense Ratio Comparison

FLYU has a 0.95% expense ratio, which is higher than AWAY's 0.75% expense ratio.

Dividends

FLYU vs. AWAY - Dividend Comparison

Neither FLYU nor AWAY has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
AWAY ETFMG Travel Tech ETF	0.00%	0.00%	0.28%	0.00%	0.00%	0.00%	0.04%
FLYU MicroSectors Travel 3X Leveraged ETNs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLYU and AWAY in my portfolio?

FLYU and AWAY have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLYU or AWAY?

FLYU has higher volatility (25.48%) compared to AWAY (6.89%). In terms of maximum drawdown, FLYU dropped -69.00% vs AWAY's -56.57%.

Which ETF is better, FLYU or AWAY?

On 3-year performance, FLYU leads with 11.53% vs 1.04% for AWAY. On fees, AWAY is cheaper at 0.75% per year. On volatility, AWAY has been the lower-risk option at 6.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLYU or AWAY?

Over the 3-year period, FLYU has performed better with a 11.53% return vs 1.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLYU or AWAY?

AWAY is cheaper with a 0.75% expense ratio, compared with 0.95% for FLYU.

Which ETF pays a higher dividend yield, FLYU or AWAY?

FLYU and AWAY have nearly identical dividend yields, around 0.00%.

What is the main difference between FLYU and AWAY?

FLYU is categorized as Leveraged Equities, while AWAY is Consumer Discretionary Equities. FLYU tracks MerQube MicroSectors U.S. Travel Index, while AWAY tracks Prime Travel Technology Index. They also come from different issuers: REX and ETFMG. Their fees differ too: 0.95% for FLYU and 0.75% for AWAY.

Which has better risk-adjusted returns?

FLYU currently has the higher Sharpe Ratio (0.05 vs -0.75), 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.