RGTZ vs. FLYD
RGTZ (Defiance Daily Target 2X Short RGTI ETF) and FLYD (MicroSectors Travel -3X Inverse Leveraged ETNs) are both Inverse Equities funds. RGTZ is actively managed, while FLYD is passively managed. At a 0.35 correlation, their price movements are largely independent. RGTZ charges 1.29%/yr vs 0.95%/yr for FLYD.
Performance
RGTZ vs. FLYD - Performance Comparison
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Returns By Period
In the year-to-date period, RGTZ achieves a -85.91% return, which is significantly lower than FLYD's -11.20% return.
RGTZ
- 1D
- 20.31%
- 1M
- -76.68%
- YTD
- -85.91%
- 6M
- -85.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLYD
- 1D
- 3.25%
- 1M
- -18.38%
- YTD
- -11.20%
- 6M
- -19.27%
- 1Y
- -48.13%
- 3Y*
- -55.26%
- 5Y*
- —
- 10Y*
- —
RGTZ vs. FLYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RGTZ Defiance Daily Target 2X Short RGTI ETF | -85.91% | 32.65% |
FLYD MicroSectors Travel -3X Inverse Leveraged ETNs | -11.20% | -18.91% |
Correlation
The correlation between RGTZ and FLYD is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 10, 2025 | 0.35 |
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Return for Risk
RGTZ vs. FLYD — Risk / Return Rank
RGTZ
FLYD
RGTZ vs. FLYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short RGTI ETF (RGTZ) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| RGTZ | FLYD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.43 | -0.75 | +0.32 |
Drawdowns
RGTZ vs. FLYD - Drawdown Comparison
The maximum RGTZ drawdown since its inception was -92.92%, smaller than the maximum FLYD drawdown of -98.11%. Use the drawdown chart below to compare losses from any high point for RGTZ and FLYD.
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Drawdown Indicators
| RGTZ | FLYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.92% | -98.11% | +5.19% |
Max Drawdown (1Y)Largest decline over 1 year | — | -54.89% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -93.41% | — |
Current DrawdownCurrent decline from peak | -91.48% | -97.95% | +6.47% |
Average DrawdownAverage peak-to-trough decline | -40.13% | -83.12% | +42.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 37.06% | — |
Volatility
RGTZ vs. FLYD - Volatility Comparison
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Volatility by Period
| RGTZ | FLYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 25.85% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 59.48% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 218.54% | 74.47% | +144.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 218.54% | 83.70% | +134.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 218.54% | 83.70% | +134.84% |
RGTZ vs. FLYD - Expense Ratio Comparison
RGTZ has a 1.29% expense ratio, which is higher than FLYD's 0.95% expense ratio.
Dividends
RGTZ vs. FLYD - Dividend Comparison
Neither RGTZ nor FLYD has paid dividends to shareholders.
Frequently Asked Questions
RGTZ and FLYD have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLYD is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLYD is cheaper with a 0.95% expense ratio, compared with 1.29% for RGTZ.
RGTZ and FLYD have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance ETFs and REX. Their fees differ too: 1.29% for RGTZ and 0.95% for FLYD.
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