FLYDMicroSectors Travel -3X Inverse Leveraged ETNs
Seeks daily investment results that correspond to -3X the daily performance of the MerQube MicroSectors? U.S. Travel Index.
By BMO Capital Markets · Launched 2022
Annual Cost
0.95%
#5,033 of 6,040 · expensive
Fund Size
$5M
#5,344 of 6,040 · small
Return (1Y)
-20.4%
Track Record
4 years
#2,656 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$7,932-20.7%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
EquityRegion
North americaStrategy
Inverse
Index tracked
MerQube MicroSectors US Travel Index
Holdings
By weightConcentration
synthetic exposure — holdings shown are derivatives collateral, not the fund's positions
Uber Technologies IncUBER
11.4%
Booking Holdings IncBKNG
10.3%
The Walt Disney CoDIS
8.1%
American Airlines Group IncAAL
7.7%
Royal Caribbean GroupRCL
5.1%
Carnival Corporation LtdCCL
4.7%
United Airlines Holdings IncUAL
4.6%
Airbnb Inc Ordinary Shares - Class AABNB
4.4%
Delta Air Lines IncDAL
4.3%
Hilton Worldwide Holdings IncHLT
4.0%
Asset allocation
Stocks
100.0%
By sector
Consumer Cyclical
50.2%
Industrials
25.6%
Technology
15.9%
Communication
8.1%
Real Estate
0.1%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
77.1%High
Year-on-year price swings
Max drawdown
-98.6%Severe
Worst peak-to-trough loss
Sharpe (3Y)
-0.56Below average
Sortino (3Y)
-0.75Moderate downside risk
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks daily investment results that correspond to -3X the daily performance of the MerQube MicroSectors? U.S. Travel Index.
- Strategy
- Invests in ETNs linked to the MerQube MicroSectors? U.S. Travel Index, targeting -3X daily inverse returns. Focuses on U.S. companies in travel and tourism sectors.
- Inception date
- June 22, 2022
- Fund family
- BMO Capital Markets
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Data updated on 2026-09-18