FLYU vs. XDSQ

Last updated Apr 2, 2026

Compare and contrast key facts about MicroSectors Travel 3X Leveraged ETNs (FLYU) and Innovator US Equity Accelerated ETF (XDSQ).

FLYU and XDSQ 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. XDSQ is an actively managed fund by Innovator. It was launched on Apr 1, 2021.

Performance

FLYU vs. XDSQ - Performance Comparison

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

FLYU vs. XDSQ - 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%
XDSQ Innovator US Equity Accelerated ETF	-4.22%	14.22%	23.12%	23.00%	5.98%

Returns By Period

In the year-to-date period, FLYU achieves a -36.34% return, which is significantly lower than XDSQ's -4.22% return.

FLYU

• 1D: 3.74%
• 1M: -14.51%
• YTD: -36.34%
• 6M: -33.82%
• 1Y: -1.88%
• 3Y*: 4.38%
• 5Y*: —
• 10Y*: —

XDSQ

• 1D: 0.71%
• 1M: -5.75%
• YTD: -4.22%
• 6M: -0.33%
• 1Y: 14.44%
• 3Y*: 14.44%
• 5Y*: —
• 10Y*: —

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

FLYU vs. XDSQ - Expense Ratio Comparison

FLYU has a 0.95% expense ratio, which is higher than XDSQ's 0.79% expense ratio.

FLYU

MicroSectors Travel 3X Leveraged ETNs

XDSQ

Innovator US Equity Accelerated ETF

Return for Risk

FLYU vs. XDSQ — Risk / Return Rank

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

FLYU

FLYU Risk / Return Rank: 15
FLYU Sharpe Ratio Rank: 11
FLYU Sortino Ratio Rank: 21
FLYU Omega Ratio Rank: 21
FLYU Calmar Ratio Rank: 11
FLYU Martin Ratio Rank: 11

XDSQ

XDSQ Risk / Return Rank: 47
XDSQ Sharpe Ratio Rank: 40
XDSQ Sortino Ratio Rank: 43
XDSQ Omega Ratio Rank: 53
XDSQ Calmar Ratio Rank: 42
XDSQ Martin Ratio Rank: 55

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. XDSQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Travel 3X Leveraged ETNs (FLYU) and Innovator US Equity Accelerated ETF (XDSQ). 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	XDSQ	Difference
Sharpe ratio Return per unit of total volatility	-0.02	0.81	-0.83
Sortino ratio Return per unit of downside risk	0.66	1.27	-0.61
Omega ratio Gain probability vs. loss probability	1.08	1.21	-0.12
Calmar ratio Return relative to maximum drawdown	-0.04	1.21	-1.25
Martin ratio Return relative to average drawdown	-0.11	5.87	-5.97
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. XDSQ - Sharpe Ratio Comparison

The current FLYU Sharpe Ratio is -0.02, which is lower than the XDSQ Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of FLYU and XDSQ, 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	XDSQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.02	0.81	-0.83
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.61	-0.48

Correlation

The correlation between FLYU and XDSQ is 0.69, 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. XDSQ - Dividend Comparison

Neither FLYU nor XDSQ has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

FLYU vs. XDSQ - Drawdown Comparison

The maximum FLYU drawdown since its inception was -69.00%, which is greater than XDSQ's maximum drawdown of -26.06%. Use the drawdown chart below to compare losses from any high point for FLYU and XDSQ.

Drawdown Indicators

	FLYU	XDSQ	Difference
Max Drawdown Largest peak-to-trough decline	-69.00%	-26.06%	-42.94%
Max Drawdown (1Y) Largest decline over 1 year	-52.33%	-12.18%	-40.15%
Current Drawdown Current decline from peak	-49.50%	-6.46%	-43.04%
Average Drawdown Average peak-to-trough decline	-25.81%	-5.08%	-20.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.34%	2.50%	+18.84%

Volatility

FLYU vs. XDSQ - Volatility Comparison

MicroSectors Travel 3X Leveraged ETNs (FLYU) has a higher volatility of 26.58% compared to Innovator US Equity Accelerated ETF (XDSQ) at 5.68%. This indicates that FLYU's price experiences larger fluctuations and is considered to be riskier than XDSQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLYU	XDSQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.58%	5.68%	+20.90%
Volatility (6M) Calculated over the trailing 6-month period	54.62%	9.63%	+44.99%
Volatility (1Y) Calculated over the trailing 1-year period	92.66%	17.99%	+74.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.98%	15.32%	+67.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.98%	15.32%	+67.66%