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ETFs

MicroSectors Travel 3x Leveraged ETN

FLYU
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Jun 21, 2022
Expense Ratio
0.95%
Type
US Equities
Fund Owner
MicroSectors
Volume (1m avg. daily)
$85,147
AUM
$4,788,615
Associated Index
MerQube MicroSectors U.S. Travel Index
Inverse/Leveraged
Leveraged (3x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View
Invest with FLYU

What is FLYU?

The return on the MicroSectors Travel 3X Leveraged ETNs (the "+3X ETNs") is linked to a three times leveraged participation in the performance of the MerQube MicroSectors U.S. Travel Index (the "Index"), compounded daily, minus the applicable fees. The +3X ETNs provide levered exposure to the Index. The Index is a total return index that tracks the stock prices of U.S. domiciled and listed securities that are materially engaged in specified segments of the travel industry. The +3X ETNs seek a return on the underlying index for a single day. The +3X ETNs are not "buy and hold" investments and should not be expected to provide a leveraged return of the underlying index's cumulative return for periods greater than a day.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

FLYU
Performance Measures**

for the time period Jun 22, 2022 to Nov 14, 2025

Returns

1M Trailing Return: -11.4%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: -16.5%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -69.0%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 83.4%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.64

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.30

The annualized return divided by the max drawdown for the selected time period.

ETFs related toFLYU

ETFs correlated to FLYU include PEJ, RSPD, JETS

FLYU
Bank of Montreal - ZC SP ETN REDEEM 29/05/2042 USD 25
PEJ
Invesco Capital Management LLC - Invesco Leisure and Entertainment ETF
RSPD
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Consumer Discretionary ETF
JETS
ETF Series Solutions Trust - ESS U.S.Global Jets ETF
SPHB
Invesco Capital Management LLC - Invesco S&P 500 High Beta ETF
HIBL
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bull 3X Shares
FXD
First Trust Exchange-Traded Fund III - First Trust Consumer Discretionary AlphaDEX Fund
IYC
BlackRock Institutional Trust Company N.A. - iShares U.S. Consumer Discretionary ETF
XTN
SPDR Series Trust - SPDR S&P Transportation ETF
VXF
Vanguard Group, Inc. - Vanguard Extended Market Index ETF
CGGR
Capital Group Companies Inc - Capital Group Growth ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

FLYU is a US Equities ETF. The return on the MicroSectors Travel 3X Leveraged ETNs (the "+3X ETNs") is linked to a three times leveraged participation in the performance of the MerQube MicroSectors U.S. Travel Index (the "Index"), compounded daily, minus the applicable fees. The +3X ETNs provide levered exposure to the Index. The Index is a total return index that tracks the stock prices of U.S. domiciled and listed securities that are materially engaged in specified segments of the travel industry. The +3X ETNs seek a return on the underlying index for a single day. The +3X ETNs are not "buy and hold" investments and should not be expected to provide a leveraged return of the underlying index's cumulative return for periods greater than a day.

FLYU tracks the MerQube MicroSectors U.S. Travel Index.

No, FLYU is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FLYU is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FLYU is -0.1619%. This is the percent change in the value of FLYU over the most recent 1-month period. The 3-month return on FLYU is -0.2023%. This is the percent change in the value of FLYU over the most recent 3-month period.

The standard deviation of FLYU for the past year is 0.8476%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FLYU include FLYD, TQQQ, and SSO.

ETFs correlated to FLYU include PEJ, RSPD, and JETS.

ETFs that are inversely correlated to FLYU include HIBS, SRTY, and TWM.

Yes, FLYU is a Leveraged (3x) ETF: This means that FLYU will try to match the performance of MerQube MicroSectors U.S. Travel Index, but with 3x the returns.

No, FLYU is not an inverse ETF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.