FLYD vs VTI
MicroSector Travel -3X Inverse Leveraged ETN vs Vanguard Morningstar Total Stock Market ETF
Which is better, FLYD or VTI?
Opposite sides of the same exposure.
VTI has a lower expense ratio. VTI led over 1Y, 3Y and the full window. The two move opposite each other, correlation -0.79, so holding both offsets the exposure while paying both fees. VTI is less concentrated, with 33.5% 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 | VTI |
|---|---|---|
| Expense Ratio | 0.95% | 0.03%Best |
| AUM | $5M | $689.2B |
| Dividend Yield | 0.00% | 1.06% |
| Holdings | 34 | 3,524 |
| YTD Return | -6.43% | +13.02%Best |
| 1Y Return | -22.59% | +16.63%Best |
| 3Y Return (annualized) | -54.73% | +21.97%Best |
| 5Y Return (annualized) | - | +11.99% |
| Volatility (annualized) | 74.6% | 14.8%Best |
| Max Drawdown | -98.6% | -19.3%Best |
| $10,000 over 4.3 years | $225 | $21,288Best |
| Top 10 Weight | 65.4% | 33.5%Best |
| Fund Family | BMO Capital Markets | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Trading-Inverse Equity | Large Cap Blend |
| Inception | Jun 22, 2022 | May 24, 2001 |
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 VTI 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 VTI Performance
MicroSector Travel -3X Inverse Leveraged ETN (FLYD) is an ETF from BMO Capital Markets and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year FLYD returned -22.59% while VTI returned +16.63%. Year to date, FLYD is down 6.43% versus a gain of 13.02% for VTI.
Over three years, FLYD compounded at -54.73% per year against +21.97% for VTI. Across the full 4-year window we track, VTI has the edge at +19.21% 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 14.8% for VTI. 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 -19.3% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.79. 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 VTI charges 0.03%. On a $10,000 position that is $95 vs $3 annually, a gap of $92 per year that compounds over a long holding period. On income, FLYD currently yields 0.00% against 1.06% for VTI.
Holdings Overlap
93.2% of FLYD's money is in holdings VTI also owns. 1.4% of VTI'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.
32 positions in common, counted across the 34 positions we hold weights for in FLYD and 3,441 in VTI, against full books of 34 and 3,524.
What only one of them owns
Our book lists 1,128 positions for VTI that do not appear in our book for FLYD (96.1% of the fund), and 1 for FLYD that do not appear in VTI (1.4%).
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.
Top Shared Holdings
| Stock | Weight in FLYD | Weight in VTI | Difference |
|---|---|---|---|
| UBERUber Technologies Inc | 10.74% | 0.21% | 10.53% |
| BKNGBooking Holdings, Inc. | 10.00% | 0.21% | 9.79% |
| DISWalt Disney Co | 8.10% | 0.25% | 7.85% |
| AALAmerican Airlines Group Inc. | 7.89% | 0.01% | 7.88% |
| RCLRoyal Caribbean Cruises Ltd Common Stock | 5.49% | 0.09% | 5.40% |
| UALUnited Airlines Holdings Inc. | 4.62% | 0.05% | 4.57% |
| DALDl Co., Ltd. | 4.58% | 0.07% | 4.51% |
| HLTHilton Worldwide Holdings Inc. | 4.31% | 0.10% | 4.21% |
| ABNBAirbnb Inc | 4.28% | 0.10% | 4.18% |
| MARMarriott International, Inc. | 3.93% | 0.10% | 3.83% |
93.2% of FLYD is already inside VTI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FLYD or VTI?
FLYD has an expense ratio of 0.95% while VTI charges 0.03%. VTI is the cheaper option, by $92 a year on a $10,000 investment.
Which performed better, FLYD or VTI?
Over the past year FLYD returned -22.59% vs +16.63% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (4 years), FLYD annualized -58.60% vs +19.21% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLYD or VTI?
FLYD has been the more volatile fund at 74.6% annualized versus 14.8% for VTI. Worst drawdown: FLYD -98.6% vs VTI -19.3%.
Should I hold both FLYD and VTI?
FLYD and VTI have a monthly-return correlation of -0.79, 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 VTI?
93.2% of FLYD's money is in holdings VTI also owns. 1.4% of VTI's is in holdings FLYD also owns. They hold 32 positions in common, counted across the 34 positions we hold weights for in FLYD and 3,441 in VTI.
Which pays a higher dividend, FLYD or VTI?
FLYD yields 0.00% while VTI yields 1.06%, so VTI currently pays the higher dividend yield.
Is VTI better than FLYD?
VTI has a lower expense ratio. VTI led over 1Y, 3Y and the full window. The two move opposite each other, correlation -0.79, so holding both offsets the exposure while paying both fees. VTI is less concentrated, with 33.5% 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.