FLYU vs. XDSQ

Last updated Jun 5, 2026

FLYU (MicroSectors Travel 3X Leveraged ETNs) and XDSQ (Innovator US Equity Accelerated ETF) are both Leveraged Equities funds. FLYU is passively managed, while XDSQ is actively managed. Over the past 3 years, FLYU returned 10.52%/yr vs 15.08%/yr for XDSQ. A 0.68 correlation means they provide meaningful diversification when combined. FLYU charges 0.95%/yr vs 0.79%/yr for XDSQ.

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.

Returns By Period

In the year-to-date period, FLYU achieves a -20.70% return, which is significantly lower than XDSQ's 2.84% return.

FLYU

• 1D: 2.09%
• 1M: 12.82%
• YTD: -20.70%
• 6M: -12.97%
• 1Y: -0.23%
• 3Y*: 10.52%
• 5Y*: —
• 10Y*: —

XDSQ

• 1D: 0.04%
• 1M: 1.36%
• YTD: 2.84%
• 6M: 3.73%
• 1Y: 16.08%
• 3Y*: 15.08%
• 5Y*: 9.81%
• 10Y*: —

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

FLYU vs. XDSQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FLYU MicroSectors Travel 3X Leveraged ETNs	-20.70%	-2.29%	33.00%	111.16%	-17.79%
XDSQ Innovator US Equity Accelerated ETF	2.84%	14.22%	23.12%	23.00%	5.98%

Correlation

The correlation between FLYU and XDSQ is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (All Time) Calculated using the full available price history since Jun 23, 2022	0.68

The correlation between FLYU and XDSQ has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.

FLYU vs. XDSQ - Sectors Allocation Comparison

Sectors	FLYU	XDSQ
Consumer Cyclical	52.6%	10.2%
Industrials	17.7%	8.3%
Technology	16.4%	35.7%
Communication Services	13.2%	11.3%
Real Estate	0.1%	1.9%
Basic Materials	-	1.8%
Consumer Defensive	-	4.9%
Energy	-	3.5%
Financial Services	-	11.6%
Healthcare	-	8.5%
Utilities	-	2.4%

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: 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

XDSQ

XDSQ Risk / Return Rank: 45
XDSQ Sharpe Ratio Rank: 44
XDSQ Sortino Ratio Rank: 42
XDSQ Omega Ratio Rank: 52
XDSQ Calmar Ratio Rank: 35
XDSQ Martin Ratio Rank: 49

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	-0.00	1.53	-1.53
Sortino ratio: Return per unit of downside risk	0.54	2.11	-1.56
Omega ratio: Gain probability vs. loss probability	1.06	1.32	-0.26
Calmar ratio: Return relative to maximum drawdown	-0.00	1.68	-1.69
Martin ratio: Return relative to average drawdown	-0.01	8.02	-8.03
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 -0.00, which is lower than the XDSQ Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of FLYU and XDSQ, 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	XDSQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.00	1.53	-1.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.69	-0.50

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%	-9.60%	-42.73%
Max Drawdown (3Y) Largest decline over 3 years	-69.00%	-19.15%	-49.85%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.06%	—
Current Drawdown Current decline from peak	-37.10%	0.00%	-37.10%
Average Drawdown Average peak-to-trough decline	-26.48%	-4.96%	-21.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.60%	2.01%	+22.59%

Volatility

FLYU vs. XDSQ - Volatility Comparison

MicroSectors Travel 3X Leveraged ETNs (FLYU) has a higher volatility of 24.39% compared to Innovator US Equity Accelerated ETF (XDSQ) at 0.53%. 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	24.39%	0.53%	+23.86%
Volatility (6M) Calculated over the trailing 6-month period	57.28%	8.39%	+48.89%
Volatility (1Y) Calculated over the trailing 1-year period	73.74%	10.54%	+63.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.12%	15.27%	+67.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.12%	15.09%	+68.03%

FLYU vs. XDSQ - Expense Ratio Comparison

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

Dividends

FLYU vs. XDSQ - Dividend Comparison

Neither FLYU nor XDSQ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FLYU and XDSQ in my portfolio?

FLYU and XDSQ have a correlation of 0.62, 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 XDSQ?

FLYU has higher volatility (24.39%) compared to XDSQ (0.53%). In terms of maximum drawdown, FLYU dropped -69.00% vs XDSQ's -26.06%.

Which ETF is better, FLYU or XDSQ?

On 3-year performance, XDSQ leads with 15.08% vs 10.52% for FLYU. On fees, XDSQ is cheaper at 0.79% per year. On volatility, XDSQ has been the lower-risk option at 0.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLYU or XDSQ?

Over the 3-year period, XDSQ has performed better with a 15.08% return vs 10.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLYU or XDSQ?

XDSQ is cheaper with a 0.79% expense ratio, compared with 0.95% for FLYU.

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

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

What is the main difference between FLYU and XDSQ?

They also come from different issuers: REX and Innovator. Their fees differ too: 0.95% for FLYU and 0.79% for XDSQ.

Which has better risk-adjusted returns?

XDSQ currently has the higher Sharpe Ratio (1.53 vs -0.00), 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.