FLYD vs QQQ
MicroSector Travel -3X Inverse Leveraged ETN vs Invesco QQQ Trust, Series 1
Which is better, FLYD or QQQ?
Opposite sides of the same exposure.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. The two move opposite each other, correlation -0.68, so holding both offsets the exposure while paying both fees. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 65.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FLYD | QQQ |
|---|---|---|
| Expense Ratio | 0.95% | 0.18%Best |
| AUM | $5M | $506.1B |
| Dividend Yield | 0.00% | 0.42% |
| Holdings | 34 | 321 |
| YTD Return | -6.43% | +19.30%Best |
| 1Y Return | -22.59% | +22.47%Best |
| 3Y Return (annualized) | -54.73% | +26.18%Best |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 74.6% | 19.4%Best |
| Max Drawdown | -98.6% | -22.8%Best |
| $10,000 over 4.3 years | $225 | $26,565Best |
| Top 10 Weight | 65.4% | 46.7%Best |
| Fund Family | BMO Capital Markets | Invesco (US) |
| Category | Alternative | Equity |
| Style | Trading-Inverse Equity | Large Cap Growth |
| Inception | Jun 22, 2022 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 4.3 years row, are measured over the window both funds cover: Jun 22, 2022 to Oct 14, 2026 (4.3 years).
FLYD vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.3 years both funds cover.
FLYD vs QQQ Performance
MicroSector Travel -3X Inverse Leveraged ETN (FLYD) is an ETF from BMO Capital Markets and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FLYD returned -22.59% while QQQ returned +22.47%. Year to date, FLYD is down 6.43% versus a gain of 19.30% for QQQ.
Over three years, FLYD compounded at -54.73% per year against +26.18% for QQQ. Across the full 4-year window we track, QQQ has the edge at +25.51% annualized vs -58.60%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FLYD has been the more volatile fund, with annualized monthly volatility of 74.6% compared with 19.4% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -98.6% for FLYD and -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.68. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
FLYD charges 0.95% per year while QQQ charges 0.18%. On a $10,000 position that is $95 vs $18 annually, a gap of $77 per year that compounds over a long holding period. On income, FLYD currently yields 0.00% against 0.42% for QQQ.
Holdings Overlap
18.2% of FLYD's money is in holdings QQQ also owns. 1.2% of QQQ's money is in holdings FLYD also owns.
They hold the same names on opposite sides, so owning both offsets the exposure rather than doubling it.
3 positions in common, counted across the 34 positions we hold weights for in FLYD and 101 in QQQ, against full books of 34 and 321.
What only one of them owns
Our book lists 90 positions for QQQ that do not appear in our book for FLYD (95.1% of the fund), and 30 for FLYD that do not appear in QQQ (76.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of FLYD and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FLYD or QQQ?
FLYD has an expense ratio of 0.95% while QQQ charges 0.18%. QQQ is the cheaper option, by $77 a year on a $10,000 investment.
Which performed better, FLYD or QQQ?
Over the past year FLYD returned -22.59% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), FLYD annualized -58.60% vs +25.51% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLYD or QQQ?
FLYD has been the more volatile fund at 74.6% annualized versus 19.4% for QQQ. Worst drawdown: FLYD -98.6% vs QQQ -22.8%.
Should I hold both FLYD and QQQ?
FLYD and QQQ have a monthly-return correlation of -0.68, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
What is the holdings overlap between FLYD and QQQ?
18.2% of FLYD's money is in holdings QQQ also owns. 1.2% of QQQ's is in holdings FLYD also owns. They hold 3 positions in common, counted across the 34 positions we hold weights for in FLYD and 101 in QQQ.
Which pays a higher dividend, FLYD or QQQ?
FLYD yields 0.00% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than FLYD?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. The two move opposite each other, correlation -0.68, so holding both offsets the exposure while paying both fees. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 65.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.