FLYU vs. SPUU
Compare and contrast key facts about MicroSectors Travel 3X Leveraged ETNs (FLYU) and Direxion Daily S&P 500 Bull 2x Shares (SPUU).
FLYU and SPUU 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. SPUU is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (200%). It was launched on May 28, 2014. Both FLYU and SPUU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FLYU vs. SPUU - Performance Comparison
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FLYU vs. SPUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FLYU MicroSectors Travel 3X Leveraged ETNs | -36.34% | -2.29% | 33.00% | 111.16% | -17.79% |
SPUU Direxion Daily S&P 500 Bull 2x Shares | -8.72% | 26.55% | 44.25% | 47.28% | 1.00% |
Returns By Period
In the year-to-date period, FLYU achieves a -36.34% return, which is significantly lower than SPUU's -8.72% return.
FLYU
- 1D
- 3.74%
- 1M
- -14.51%
- YTD
- -36.34%
- 6M
- -33.82%
- 1Y
- -1.88%
- 3Y*
- 4.38%
- 5Y*
- —
- 10Y*
- —
SPUU
- 1D
- 1.43%
- 1M
- -9.19%
- YTD
- -8.72%
- 6M
- -6.20%
- 1Y
- 28.11%
- 3Y*
- 29.46%
- 5Y*
- 16.19%
- 10Y*
- 21.84%
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FLYU vs. SPUU - Expense Ratio Comparison
FLYU has a 0.95% expense ratio, which is higher than SPUU's 0.64% expense ratio.
Return for Risk
FLYU vs. SPUU — Risk / Return Rank
FLYU
SPUU
FLYU vs. SPUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Travel 3X Leveraged ETNs (FLYU) and Direxion Daily S&P 500 Bull 2x Shares (SPUU). 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 | SPUU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.02 | 0.78 | -0.80 |
Sortino ratioReturn per unit of downside risk | 0.66 | 1.29 | -0.63 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.19 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | -0.04 | 1.25 | -1.30 |
Martin ratioReturn relative to average drawdown | -0.11 | 5.36 | -5.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLYU | SPUU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 0.78 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.49 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.56 | -0.44 |
Correlation
The correlation between FLYU and SPUU is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FLYU vs. SPUU - Dividend Comparison
FLYU has not paid dividends to shareholders, while SPUU's dividend yield for the trailing twelve months is around 1.76%.
| 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% |
SPUU Direxion Daily S&P 500 Bull 2x Shares | 1.76% | 1.63% | 0.55% | 0.83% | 0.88% | 3.04% | 8.03% | 1.80% | 5.50% | 6.96% | 8.08% | 4.42% |
Drawdowns
FLYU vs. SPUU - Drawdown Comparison
The maximum FLYU drawdown since its inception was -69.00%, which is greater than SPUU's maximum drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for FLYU and SPUU.
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Drawdown Indicators
| FLYU | SPUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.00% | -59.35% | -9.65% |
Max Drawdown (1Y)Largest decline over 1 year | -52.33% | -23.10% | -29.23% |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.35% | — |
Current DrawdownCurrent decline from peak | -49.50% | -12.15% | -37.35% |
Average DrawdownAverage peak-to-trough decline | -25.81% | -9.62% | -16.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.34% | 5.41% | +15.93% |
Volatility
FLYU vs. SPUU - Volatility Comparison
MicroSectors Travel 3X Leveraged ETNs (FLYU) has a higher volatility of 26.58% compared to Direxion Daily S&P 500 Bull 2x Shares (SPUU) at 10.73%. This indicates that FLYU's price experiences larger fluctuations and is considered to be riskier than SPUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLYU | SPUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.58% | 10.73% | +15.85% |
Volatility (6M)Calculated over the trailing 6-month period | 54.62% | 19.20% | +35.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 92.66% | 36.23% | +56.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.98% | 33.47% | +49.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.98% | 35.72% | +47.26% |