MicroSectors Travel 3x Leveraged ETN (FLYU) — Stock Correlations & Overview
Over the past year, FLYU has moved most closely with RSPD, FXD, PEJ. Explore the stocks most correlated and inversely correlated with FLYU below, along with its price, financials, and company profile.
Stocks correlated with FLYU
Correlation of daily returns. Higher positive values move with FLYU; negative values move opposite it. Informational only, not investment advice.
Most correlated with FLYU
| Symbol | Company | Correlation |
|---|---|---|
| RSPD | Invesco S&P 500 Equal Weight Consumer Discretionary ETF | 0.86 |
| FXD | First Trust Consumer Discretionary AlphaDEX Fund | 0.86 |
| PEJ | Invesco Leisure and Entertainment ETF | 0.86 |
| JETS | U.S. Global Jets ETF | 0.86 |
| SPGP | Invesco S&P 500 GARP ETF | 0.85 |
Most inversely correlated with FLYU
| Symbol | Company | Correlation |
|---|---|---|
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.99 |
| JETD | MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.79 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.71 |
| DXD | ProShares UltraShort Dow 30 | -0.71 |
| SDOW | ProShares UltraPro Short Dow 30 | -0.71 |
Frequently asked questions about FLYU correlations
- Which stocks are most correlated with FLYU?
- Based on one year of daily returns, the stocks most correlated with MicroSectors Travel 3x Leveraged ETN (FLYU) are RSPD (0.86), FXD (0.86) and PEJ (0.86). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with FLYU?
- Over the past year, the stocks most inversely correlated with MicroSectors Travel 3x Leveraged ETN (FLYU) are FLYD (-0.99), JETD (-0.79) and SCC (-0.71). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these FLYU correlations calculated?
- We compute the correlation of daily returns between FLYU and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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