SMQ vs. FLYD
SMQ (Tradr 1X Short Innovation 100 Monthly ETF) and FLYD (MicroSectors Travel -3X Inverse Leveraged ETNs) are both Inverse Equities funds. SMQ is actively managed, while FLYD is passively managed. A 0.54 correlation means they provide meaningful diversification when combined. SMQ charges 1.50%/yr vs 0.95%/yr for FLYD.
Performance
SMQ vs. FLYD - Performance Comparison
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Returns By Period
In the year-to-date period, SMQ achieves a -15.29% return, which is significantly higher than FLYD's -30.35% return.
SMQ
- 1D
- 0.00%
- 1M
- 3.71%
- YTD
- -15.29%
- 6M
- -13.93%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLYD
- 1D
- 3.79%
- 1M
- -24.33%
- YTD
- -30.35%
- 6M
- -26.65%
- 1Y
- -55.29%
- 3Y*
- -56.28%
- 5Y*
- —
- 10Y*
- —
SMQ vs. FLYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMQ Tradr 1X Short Innovation 100 Monthly ETF | -15.29% | 0.13% |
FLYD MicroSectors Travel -3X Inverse Leveraged ETNs | -30.35% | -15.26% |
Correlation
The correlation between SMQ and FLYD is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 1, 2025 | 0.54 |
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Return for Risk
SMQ vs. FLYD — Risk / Return Rank
SMQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FLYD
SMQ vs. FLYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 1X Short Innovation 100 Monthly ETF (SMQ) 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.
| SMQ | FLYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.90 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -1.01 | — |
| Martin ratioReturn relative to average drawdown | — | -2.07 | — |
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Drawdowns
SMQ vs. FLYD - Drawdown Comparison
The maximum SMQ drawdown since its inception was -27.62%, smaller than the maximum FLYD drawdown of -98.45%. Use the drawdown chart below to compare losses from any high point for SMQ and FLYD.
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Drawdown Indicators
| SMQ | FLYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.62% | -98.45% | +70.83% |
Max Drawdown (1Y)Largest decline over 1 year | — | -55.15% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -94.61% | — |
Current DrawdownCurrent decline from peak | -23.22% | -98.39% | +75.17% |
Average DrawdownAverage peak-to-trough decline | -8.95% | -83.26% | +74.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 30.03% | — |
Volatility
SMQ vs. FLYD - Volatility Comparison
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Volatility by Period
| SMQ | FLYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 26.01% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 62.95% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.29% | 75.71% | -57.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.29% | 83.83% | -65.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.29% | 83.83% | -65.54% |
SMQ vs. FLYD - Expense Ratio Comparison
SMQ has a 1.50% expense ratio, which is higher than FLYD's 0.95% expense ratio.
Dividends
SMQ vs. FLYD - Dividend Comparison
SMQ's dividend yield for the trailing twelve months is around 8.90%, while FLYD has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
FLYD MicroSectors Travel -3X Inverse Leveraged ETNs | 0.00% | 0.00% |
SMQ Tradr 1X Short Innovation 100 Monthly ETF | 8.90% | 0.25% |
Frequently Asked Questions
SMQ and FLYD have a correlation of 0.54, 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 1.50% for SMQ.
SMQ has the higher dividend yield at 8.90%, compared with 0.00% for FLYD.
They also come from different issuers: Tradr and REX. Their fees differ too: 1.50% for SMQ and 0.95% for FLYD.
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