- ISIN
- US90274E1257
- Issuer
- REX
- Inception Date
- Feb 16, 2023
- Region
- North America (U.S.)
- Category
- Inverse Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Assets Under Management
- $14M
Highlights
- Avg. Volume (1M)
- 47K
- Avg. Volume Value (1M)
- $206.49K
Share Price Chart
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Performance
WTID Performance Chart
MicroSectors Energy -3X Inverse Leveraged ETN (WTID) is down 68.8% since the beginning of the year. WTID is currently trading at $4 per share.
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Compare this symbol against anything
Returns By Period
MicroSectors Energy -3X Inverse Leveraged ETN (WTID) has returned -68.79% so far this year and -75.21% over the past 12 months.
MicroSectors Energy -3X Inverse Leveraged ETN
- 1D
- -3.52%
- 1M
- -35.82%
- 6M
- -55.84%
- YTD
- -68.79%
- 1Y
- -75.21%
- 3Y*
- -46.22%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -44.29%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
WTID Monthly Returns History
Based on dividend-adjusted daily data since Feb 15, 2023, WTID's average daily return is -0.13%, while the average monthly return is -3.33%.
Historically, 40% of months were positive and 60% were negative. The best month was Apr 2025 with a return of +30.4%, while the worst month was Jul 2026 at -37.8%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 5 months.
On a daily basis, WTID closed higher 46% of trading days. The best single day was Apr 3, 2025 with a return of +27.1%, while the worst single day was Apr 9, 2025 at -26.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -29.32% | -24.19% | -34.34% | 6.37% | 15.67% | 15.94% | -37.80% | -68.79% | |||||
| 2025 | -6.30% | -10.43% | -12.46% | 30.40% | -12.18% | -14.46% | -8.69% | -13.01% | -2.08% | 5.32% | -11.67% | 6.59% | -44.50% |
| 2024 | -3.03% | -9.84% | -27.39% | 1.23% | 4.91% | 4.37% | -4.35% | 7.03% | 14.96% | 2.08% | -16.17% | 29.93% | -7.93% |
| 2023 | 17.09% | -8.13% | -6.08% | 29.47% | -15.67% | -23.26% | -5.42% | -9.38% | 13.29% | 2.80% | -1.68% | -16.93% |
Benchmark Metrics
MicroSectors Energy -3X Inverse Leveraged ETN has an annualized alpha of -5.29%, beta of -1.56, and R2 of 0.11 versus S&P 500 Index. Calculated based on daily prices since February 15, 2023.
- This ETF participated in 133.94% of S&P 500 Index downside but only -91.99% of its upside - more exposed to losses than it benefited from rallies.
- Beta of -1.56 may look defensive, but with R2 of 0.11 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.11 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -5.29%
- Beta
- -1.56
- R²
- 0.11
- Upside Capture
- -91.99%
- Downside Capture
- 133.94%
Expense Ratio
WTID has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
WTID ranks 1 for risk / return — above 1% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for MicroSectors Energy -3X Inverse Leveraged ETN (WTID) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WTID | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.48 | ||
| Sortino ratioReturn per unit of downside risk | -4.14 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.25 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | 2.00 | -2.97 |
| Martin ratioReturn relative to average drawdown | -1.49 | 8.49 | -9.98 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the MicroSectors Energy -3X Inverse Leveraged ETN. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MicroSectors Energy -3X Inverse Leveraged ETN was 90.80%, occurring on Jul 31, 2026. The portfolio has not yet recovered.
The current MicroSectors Energy -3X Inverse Leveraged ETN drawdown is 90.80%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-90.80%Jul 2026 | 3y 4mo | — | 3y 4moMar 2023 - now | — |
-14.22%Mar 2023 | 8d | 7d | 15dFeb 2023 - Mar 2023 | — |
-3.49%Mar 2023 | 1d | 1d | 1dMar 2023 - Mar 2023 | — |
Drawdown Indicators
| WTID | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.80% | -56.78% | -34.02% |
Max Drawdown (1Y)Largest decline over 1 year | -76.06% | -9.10% | -66.96% |
Max Drawdown (3Y)Largest decline over 3 years | -86.73% | -18.90% | -67.83% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -90.80% | -1.58% | -89.22% |
Average DrawdownAverage peak-to-trough decline | -55.92% | -10.70% | -45.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.40% | 2.14% | +47.26% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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