FLYUMicroSectors Travel 3X Leveraged ETNs
Seeks 3x daily leveraged exposure to the MerQube MicroSectors U.S. Travel Index.
By BMO Capital Markets · Launched 2022
0.95%
#4,684 of 5,562 · expensive
$7M
#4,901 of 5,562 · small
+21.5%
3 years
#2,706 of 5,562 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
EquityRegion
North americaStrategy
Leveraged
Sector
Consumer discretionaryIndex tracked
MerQube MicroSectors US Travel Index
What it actually holds
By weightConcentration
Top 10 holdings = 70.1% of fundconcentrated
Asset allocation
By sector
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks 3x daily leveraged exposure to the MerQube MicroSectors U.S. Travel Index.
- Strategy
- Provides 3x daily leveraged exposure to the MerQube MicroSectors U.S. Travel Index, which tracks large, liquid U.S. domiciled companies operating in travel and tourism industries. Daily leverage reset; returns compounded daily.
- Inception date
- June 22, 2022
- Fund family
- BMO Capital Markets
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Leveraged ETF — not a long-term hold
This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.
Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)
Why we flagged this: strategy=leveraged + leveraged_name_or_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-06-19