MicroSectors Travel -3X Inverse Leveraged ETNs (FLYD) Performance
FLYD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −12.1% since Dec 31, 2025
- 1 year
- −25.2% total return
- 3 years
- −57.2% a year
- Since first price
- −58.8% a year since 2022
FLYD trailing returns vs SPY, QQQ, AGG
| Period | FLYD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −7.7% | −7.7% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.7% | +3.7% | +3.2% | +1.9% | −0.4% |
| 6 months | −13.2% | −13.2% | +7.8% | +8.4% | −1.5% |
| YTD | −12.1% | −12.1% | +12.3% | +15.1% | −1.0% |
| 1 year | −25.2% | −25.2% | +14.4% | +15.9% | −1.1% |
| 3 years | −92.1%−57.2%/yr | −92.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionJun 22, 2022 | −97.9%−58.8%/yr | −97.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FLYD vs SPY
From Jun 22, 2022: FLYD grew to $213, SPY to $21,467.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FLYD returns by calendar year
0 of 3 full years positive. Best 2024 (−54.1%), worst 2023 (−75.1%). 2026 is year to date.
FLYD annual returns table
| Year | FLYD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −12.1% | −60.0% | +12.3% | +15.1% | −1.0% |
| 2025 | −60.4% | −81.7% | +17.7% | +20.8% | +7.2% |
| 2024 | −54.1% | −69.3% | +24.9% | +25.6% | +1.3% |
| 2023 | −75.1% | −76.2% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FLYD largest drawdowns
Now 98.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 30, 2022 | −98.6% | Aug 7, 2026 | not yet | 4.1 years | 4.3 years so far |
| Jun 23, 2022 | −20.2% | Jun 24, 2022 | Jun 30, 2022 | 1 days | 7 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FLYD risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | −54.0% | −59.9% |
| Volatility (annualized) | 66.4% | 75.3% |
| Sharpe ratio | -0.87 | -0.83 |
| Sortino ratio | -1.09 | -1.01 |
| Best month | +47.0% | +47.0% |
| Worst month | −35.7% | −50.2% |
| Best 12 months | −8.8% | −8.8% |
| Worst 12 months | −78.2% | −83.4% |
| Positive months | 39% | 39% |
| Beta vs S&P 500 | -3.72 | — |
| Correlation with S&P 500 | -0.70 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FLYD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 41 | −83.4% | −57.5% | −8.8% | 0% |
| 3-year (a year) | 17 | −68.3% | −57.6% | −51.1% | 0% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
FLYD performance overview
MicroSectors Travel -3X Inverse Leveraged ETNs (FLYD) returned −25.2% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned −58.8% a year, turning $10,000 into about $213. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −98.6%, from Jun 30, 2022 to Aug 7, 2026; the fund has not yet regained that high. FLYD finished 0 of its 3 full calendar years with a gain; the best year was 2024 (−54.1%) and the worst 2023 (−75.1%). Volatility has been 75.3% a year.
Related: FLYD chart, FLYD holdings, FLYD valuation. See the FLYD overview for the latest quote and fund facts.
FLYD performance FAQ
What is the FLYD return over the past year?
FLYD returned −25.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 25.2%.
How much would $10,000 invested in FLYD be worth?
$10,000 invested in FLYD at its first recorded close on June 22, 2022 would be worth about $213 on October 23, 2026 with distributions reinvested.
What was the worst year for FLYD?
The worst calendar year was 2023, with a total return of −75.1%. The best was 2024 at −54.1%.
What is the biggest drawdown of FLYD?
The largest peak-to-trough decline was −98.6% between June 30, 2022 and August 7, 2026. It has not yet recovered to that high; it is 98.0% below its peak.
How volatile is FLYD?
Over the past 3 years FLYD had an annualized volatility of 66.4% and a Sharpe ratio of -0.87 (excess return over 1–3 month T-bills per unit of risk).