FLYU vs. MSII

Last updated Apr 1, 2026

Compare and contrast key facts about MicroSectors Travel 3X Leveraged ETNs (FLYU) and REX MSTR Growth & Income ETF (MSII).

FLYU and MSII are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. MSII is an actively managed fund by REX. It was launched on Jun 4, 2025.

Performance

FLYU vs. MSII - Performance Comparison

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

FLYU vs. MSII - Yearly Performance Comparison

	2026 (YTD)	2025
FLYU MicroSectors Travel 3X Leveraged ETNs	-38.63%	25.83%
MSII REX MSTR Growth & Income ETF	-16.31%	-60.25%

Returns By Period

In the year-to-date period, FLYU achieves a -38.63% return, which is significantly lower than MSII's -16.31% return.

FLYU

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

MSII

• 1D: 3.01%
• 1M: 0.58%
• YTD: -16.31%
• 6M: -61.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLYU vs. MSII - Expense Ratio Comparison

FLYU has a 0.95% expense ratio, which is lower than MSII's 0.99% expense ratio.

MSII

REX MSTR Growth & Income ETF

FLYU

MicroSectors Travel 3X Leveraged ETNs

Return for Risk

FLYU vs. MSII — 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

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. MSII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Travel 3X Leveraged ETNs (FLYU) and REX MSTR Growth & Income ETF (MSII). 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	MSII	Difference
Sharpe ratio Return per unit of total volatility	-0.06	—	—
Sortino ratio Return per unit of downside risk	0.59	—	—
Omega ratio Gain probability vs. loss probability	1.08	—	—
Calmar ratio Return relative to maximum drawdown	-0.13	—	—
Martin ratio Return relative to average drawdown	-0.33	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FLYU	MSII	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.06	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	-1.03	+1.14

Correlation

The correlation between FLYU and MSII is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FLYU vs. MSII - Dividend Comparison

FLYU has not paid dividends to shareholders, while MSII's dividend yield for the trailing twelve months is around 74.46%.

	TTM	2025
FLYU MicroSectors Travel 3X Leveraged ETNs	0.00%	0.00%
MSII REX MSTR Growth & Income ETF	74.46%	48.93%

Drawdowns

FLYU vs. MSII - Drawdown Comparison

The maximum FLYU drawdown since its inception was -69.00%, smaller than the maximum MSII drawdown of -78.73%. Use the drawdown chart below to compare losses from any high point for FLYU and MSII.

Drawdown Indicators

	FLYU	MSII	Difference
Max Drawdown Largest peak-to-trough decline	-69.00%	-78.73%	+9.73%
Max Drawdown (1Y) Largest decline over 1 year	-52.33%	—	—
Current Drawdown Current decline from peak	-51.32%	-72.82%	+21.50%
Average Drawdown Average peak-to-trough decline	-25.78%	-41.84%	+16.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.15%	—	—

Volatility

Volatility by Period

	FLYU	MSII	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	54.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	92.60%	71.91%	+20.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.00%	71.91%	+11.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.00%	71.91%	+11.09%