MicroSectors Travel 3X Leveraged ETNs (FLYU) Performance
FLYU total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −39.2% since Dec 31, 2025
- 1 year
- −35.9% total return
- 3 years
- +12.6% a year
- Since first price
- +7.6% a year since 2022
FLYU trailing returns vs SPY, QQQ, AGG
| Period | FLYU total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +3.3% | +3.3% | −1.0% | −5.0% | +0.9% |
| 3 months | −17.2% | −17.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −18.0% | −18.0% | +7.8% | +8.4% | −1.5% |
| YTD | −39.2% | −39.2% | +12.3% | +15.1% | −1.0% |
| 1 year | −35.9% | −35.9% | +14.4% | +15.9% | −1.1% |
| 3 years | +42.8%+12.6%/yr | +42.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionJun 22, 2022 | +37.2%+7.6%/yr | +37.2% | — | — | — |
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: FLYU vs SPY
From Jun 22, 2022: FLYU grew to $13,715, SPY to $21,467.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FLYU returns by calendar year
2 of 3 full years positive. Best 2023 (+111.2%), worst 2025 (−2.3%). 2026 is year to date.
FLYU annual returns table
| Year | FLYU | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −39.2% | −50.9% | +12.3% | +15.1% | −1.0% |
| 2025 | −2.3% | −69.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +33.0% | −56.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +111.2% | −57.5% | +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.
FLYU largest drawdowns
Now 51.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2025 | −69.0% | Apr 8, 2025 | not yet | 48 days | 1.7 years so far |
| Aug 16, 2022 | −57.7% | Dec 28, 2022 | Feb 7, 2023 | 4 months | 6 months |
| Jul 31, 2023 | −57.5% | Oct 27, 2023 | Feb 8, 2024 | 3 months | 6 months |
| Mar 27, 2024 | −56.1% | Aug 5, 2024 | Nov 6, 2024 | 4 months | 7 months |
| Feb 15, 2023 | −42.0% | Apr 26, 2023 | Jul 3, 2023 | 2 months | 5 months |
| Jun 24, 2022 | −26.4% | Jul 14, 2022 | Jul 20, 2022 | 20 days | 26 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FLYU risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +4.4% | +10.9% |
| Volatility (annualized) | 69.0% | 85.7% |
| Sharpe ratio | 0.33 | 0.45 |
| Sortino ratio | 0.54 | 0.85 |
| Best month | +47.5% | +86.1% |
| Worst month | −38.6% | −38.6% |
| Best 12 months | +127.5% | +127.5% |
| Worst 12 months | −37.0% | −37.0% |
| Positive months | 47% | 47% |
| Beta vs S&P 500 | 4.10 | — |
| Correlation with S&P 500 | 0.74 | — |
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.
FLYU rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 41 | −37.0% | +12.6% | +127.5% | 63% |
| 3-year (a year) | 17 | −1.1% | +14.5% | +40.0% | 94% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
FLYU performance overview
MicroSectors Travel 3X Leveraged ETNs (FLYU) returned −35.9% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +7.6% a year, turning $10,000 into about $13,715. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −69.0%, from Feb 19, 2025 to Apr 8, 2025; the fund has not yet regained that high. FLYU finished 2 of its 3 full calendar years with a gain; the best year was 2023 (+111.2%) and the worst 2025 (−2.3%). Volatility has been 85.7% a year.
Related: FLYU chart, FLYU holdings, FLYU valuation. See the FLYU overview for the latest quote and fund facts.
FLYU performance FAQ
What is the FLYU return over the past year?
FLYU returned −35.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 35.9%.
How much would $10,000 invested in FLYU be worth?
$10,000 invested in FLYU at its first recorded close on June 22, 2022 would be worth about $13,715 on October 23, 2026 with distributions reinvested.
What was the worst year for FLYU?
The worst calendar year was 2025, with a total return of −2.3%. The best was 2023 at +111.2%.
What is the biggest drawdown of FLYU?
The largest peak-to-trough decline was −69.0% between February 19, 2025 and April 8, 2025. It has not yet recovered to that high; it is 51.8% below its peak.
How volatile is FLYU?
Over the past 3 years FLYU had an annualized volatility of 69.0% and a Sharpe ratio of 0.33 (excess return over 1–3 month T-bills per unit of risk).