OILD vs. FLYD
OILD (MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs) and FLYD (MicroSectors Travel -3X Inverse Leveraged ETNs) are both Inverse Equities funds from REX - OILD tracks the Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%) while FLYD tracks the MerQube MicroSectors U.S. Travel Index. Both are passively managed. Over the past 3 years, OILD returned -42.92%/yr vs -55.10%/yr for FLYD. Their 0.21 correlation means their historical movements had little consistent relationship. Both charge a 0.95% expense ratio.
Performance
OILD vs. FLYD - Performance Comparison
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Returns By Period
In the year-to-date period, OILD achieves a -62.98% return, which is significantly lower than FLYD's -35.79% return.
OILD
- 1D
- 1.27%
- 1M
- -27.98%
- 6M
- -43.08%
- YTD
- -62.98%
- 1Y
- -70.97%
- 3Y*
- -42.92%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -58.87%
FLYD
- 1D
- -4.90%
- 1M
- -5.05%
- 6M
- -41.66%
- YTD
- -35.79%
- 1Y
- -50.80%
- 3Y*
- -55.10%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -63.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $99.59K | $120.72K | $126.93K | |
| $2.68M | $2.54M | $3.73M |
OILD vs. FLYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | -62.98% | -41.67% | -14.58% | -19.58% | -56.14% |
FLYD MicroSectors Travel -3X Inverse Leveraged ETNs | -35.79% | -60.42% | -54.13% | -75.14% | -46.63% |
Correlation
The correlation between OILD and FLYD is -0.25, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2022 | 0.21 |
The correlation between OILD and FLYD shifts across timeframes, from -0.25 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
OILD vs. FLYD - Sectors Allocation Comparison
Sectors
OILD
FLYD
Energy
-
Basic Materials
-
-
Communication Services
-
Consumer Cyclical
-
Consumer Defensive
-
-
Financial Services
-
-
Healthcare
-
-
Industrials
-
Real Estate
-
Technology
-
Utilities
-
-
Energy
OILD
FLYD
-
Basic Materials
OILD
-
FLYD
-
Communication Services
OILD
-
FLYD
Consumer Cyclical
OILD
-
FLYD
Consumer Defensive
OILD
-
FLYD
-
Financial Services
OILD
-
FLYD
-
Healthcare
OILD
-
FLYD
-
Industrials
OILD
-
FLYD
Real Estate
OILD
-
FLYD
Technology
OILD
-
FLYD
Utilities
OILD
-
FLYD
-
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Return for Risk
OILD vs. FLYD — Risk / Return Rank
OILD
FLYD
OILD vs. FLYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) and MicroSectors Travel -3X Inverse Leveraged ETNs (FLYD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| OILD | FLYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.92 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | -0.89 | -0.06 |
| Martin ratioReturn relative to average drawdown | -1.42 | -1.66 | +0.24 |
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Drawdowns
OILD vs. FLYD - Drawdown Comparison
The maximum OILD drawdown since its inception was -98.90%, roughly equal to the maximum FLYD drawdown of -98.52%. Use the drawdown chart below to compare losses from any high point for OILD and FLYD.
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Drawdown Indicators
| OILD | FLYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.90% | -98.52% | -0.38% |
Max Drawdown (1Y)Largest decline over 1 year | -74.53% | -57.09% | -17.44% |
Max Drawdown (3Y)Largest decline over 3 years | -85.42% | -94.84% | +9.42% |
Current DrawdownCurrent decline from peak | -98.80% | -98.52% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -88.92% | -83.66% | -5.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.00% | 30.58% | +19.42% |
Volatility
OILD vs. FLYD - Volatility Comparison
The current volatility for MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) is 20.27%, while MicroSectors Travel -3X Inverse Leveraged ETNs (FLYD) has a volatility of 22.74%. This indicates that OILD experiences smaller price fluctuations and is considered to be less risky than FLYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OILD | FLYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.27% | 22.74% | -2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 50.12% | 64.36% | -14.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.36% | 76.85% | -13.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.04% | 83.52% | -4.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.04% | 83.52% | -4.48% |
OILD vs. FLYD - Expense Ratio Comparison
Both OILD and FLYD have an expense ratio of 0.95%.
Dividends
OILD vs. FLYD - Dividend Comparison
Neither OILD nor FLYD has paid dividends to shareholders.
Frequently Asked Questions
OILD and FLYD have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLYD has higher volatility (22.74%) compared to OILD (20.27%). In terms of maximum drawdown, OILD dropped -98.90% vs FLYD's -98.52%.
On 3-year performance, OILD leads with -42.92% vs -55.10% for FLYD. Both ETFs have the same 0.95% expense ratio. On volatility, OILD has been the lower-risk option at 20.27%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, OILD has performed better with a -42.92% return vs -55.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OILD and FLYD have the same expense ratio: 0.95% per year.
OILD and FLYD have nearly identical dividend yields, around 0.00%.
OILD tracks Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%), while FLYD tracks MerQube MicroSectors U.S. Travel Index.
FLYD currently has the higher Sharpe Ratio (-0.66 vs -1.12), 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.
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