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Beacon

FLYUMicroSectors Travel 3X Leveraged ETNs

Take a bet4y track recordRanked #811 of 949 in this goal

Seeks daily returns linked to the MerQube MicroSectors U.S. Travel Index.

By BMO Capital Markets · Launched 2022

Annual Cost

0.95%

#4,882 of 5,861 · expensive

Fund Size

$8M

#4,977 of 5,861 · small

Return (1Y)Goal

-13.4%

Track Record

4 years

#2,643 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$8,931-10.7%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Leveraged

Sector

Consumer discretionary

Index tracked

MerQube MicroSectors US Travel Index

What it actually holds

By weight

Concentration

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

Uber Technologies IncUBER
14.1%
The Walt Disney CoDIS
13.2%
Booking Holdings IncBKNG
9.4%
Airbnb Inc Ordinary Shares - Class AABNB
8.0%
Carnival CorpCCL
5.2%
American Airlines Group IncAAL
4.7%
Delta Air Lines IncDAL
4.3%
United Airlines Holdings IncUAL
3.9%
Marriott International Inc Class AMAR
3.8%
Royal Caribbean GroupRCL
3.4%

Asset allocation

Stocks
100.0%

By sector

Consumer Cyclical
52.6%
Industrials
17.7%
Technology
16.4%
Communication
13.2%
Real Estate
0.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
76.0%High

Year-on-year price swings

Max drawdown
-69.0%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.34Below average
Sortino (3Y)
0.51Moderate downside risk

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily returns linked to the MerQube MicroSectors U.S. Travel Index.
Strategy
Offers 3X leveraged exposure to large and liquid U.S. companies in the travel and tourism sector, resetting daily. Designed for sophisticated investors seeking short-term trading opportunities.
Inception date
June 22, 2022
Fund family
BMO Capital Markets

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Your return drifts the longer you hold

Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.

Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

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 2026-08-04