DRIP vs. INTW

Last updated Jun 24, 2026

DRIP (Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares) and INTW (GraniteShares 2x Long INTC Daily ETF) are both Leveraged Equities funds. DRIP is passively managed, while INTW is actively managed. Over the past year, DRIP returned -42.23% vs 1964.55% for INTW. At a correlation of -0.18, they often move in opposite directions. DRIP charges 1.07%/yr vs 1.50%/yr for INTW.

Performance

DRIP vs. INTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) and GraniteShares 2x Long INTC Daily ETF (INTW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRIP achieves a -41.20% return, which is significantly lower than INTW's 750.22% return.

DRIP

• 1D: -0.94%
• 1M: 18.92%
• YTD: -41.20%
• 6M: -40.68%
• 1Y: -42.23%
• 3Y*: -27.26%
• 5Y*: -38.71%
• 10Y*: -42.06%

INTW

• 1D: -12.49%
• 1M: 12.21%
• YTD: 750.22%
• 6M: 775.58%
• 1Y: 1,964.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DRIP vs. INTW - Yearly Performance Comparison

	2026 (YTD)	2025
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares	-41.20%	-11.23%
INTW GraniteShares 2x Long INTC Daily ETF	750.22%	60.89%

Correlation

The correlation between DRIP and INTW is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	-0.18

Return for Risk

DRIP vs. INTW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DRIP

DRIP Risk / Return Rank: 3
DRIP Sharpe Ratio Rank: 3
DRIP Sortino Ratio Rank: 3
DRIP Omega Ratio Rank: 4
DRIP Calmar Ratio Rank: 3
DRIP Martin Ratio Rank: 3

INTW

INTW Risk / Return Rank: 98
INTW Sharpe Ratio Rank: 100
INTW Sortino Ratio Rank: 96
INTW Omega Ratio Rank: 94
INTW Calmar Ratio Rank: 99
INTW Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DRIP vs. INTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) and GraniteShares 2x Long INTC Daily ETF (INTW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	DRIP	INTW	Difference
Sharpe ratio: Return per unit of total volatility	-0.75	13.25	-14.00
Sortino ratio: Return per unit of downside risk	-1.01	5.13	-6.14
Omega ratio: Gain probability vs. loss probability	0.90	1.65	-0.75
Calmar ratio: Return relative to maximum drawdown	-0.68	40.32	-41.00
Martin ratio: Return relative to average drawdown	-1.25	91.49	-92.75

DRIP vs. INTW - Sharpe Ratio Comparison

The current DRIP Sharpe Ratio is -0.75, which is lower than the INTW Sharpe Ratio of 13.25. The chart below compares the historical Sharpe Ratios of DRIP and INTW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DRIP vs. INTW - Drawdown Comparison

The maximum DRIP drawdown since its inception was -99.95%, which is greater than INTW's maximum drawdown of -60.58%. Use the drawdown chart below to compare losses from any high point for DRIP and INTW.

Drawdown Indicators

	DRIP	INTW	Difference
Max Drawdown Largest peak-to-trough decline	-99.95%	-60.58%	-39.37%
Max Drawdown (1Y) Largest decline over 1 year	-62.18%	-49.34%	-12.84%
Max Drawdown (3Y) Largest decline over 3 years	-76.02%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-96.24%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.92%	—	—
Current Drawdown Current decline from peak	-99.93%	-12.49%	-87.44%
Average Drawdown Average peak-to-trough decline	-90.46%	-29.66%	-60.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.75%	21.70%	+12.05%

Volatility

DRIP vs. INTW - Volatility Comparison

The current volatility for Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) is 18.04%, while GraniteShares 2x Long INTC Daily ETF (INTW) has a volatility of 55.81%. This indicates that DRIP experiences smaller price fluctuations and is considered to be less risky than INTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRIP	INTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.04%	55.81%	-37.77%
Volatility (6M) Calculated over the trailing 6-month period	43.68%	119.10%	-75.42%
Volatility (1Y) Calculated over the trailing 1-year period	56.75%	150.14%	-93.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.37%	148.88%	-80.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	96.33%	148.88%	-52.55%

DRIP vs. INTW - Expense Ratio Comparison

DRIP has a 1.07% expense ratio, which is lower than INTW's 1.50% expense ratio.

Dividends

DRIP vs. INTW - Dividend Comparison

DRIP's dividend yield for the trailing twelve months is around 3.36%, while INTW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares	3.36%	2.86%	4.38%	5.09%	0.00%	0.00%	0.01%	0.96%	0.58%
INTW GraniteShares 2x Long INTC Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DRIP and INTW in my portfolio?

DRIP and INTW have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DRIP or INTW?

INTW has higher volatility (55.81%) compared to DRIP (18.04%). In terms of maximum drawdown, DRIP dropped -99.95% vs INTW's -60.58%.

Which ETF is better, DRIP or INTW?

On 1-year performance, INTW leads with 1964.55% vs -42.23% for DRIP. On fees, DRIP is cheaper at 1.07% per year. On volatility, DRIP has been the lower-risk option at 18.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DRIP or INTW?

Over the 1-year period, INTW has performed better with a 1964.55% return vs -42.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DRIP or INTW?

DRIP is cheaper with a 1.07% expense ratio, compared with 1.50% for INTW.

Which ETF pays a higher dividend yield, DRIP or INTW?

DRIP has the higher dividend yield at 3.36%, compared with 0.00% for INTW.

What is the main difference between DRIP and INTW?

They also come from different issuers: Direxion and GraniteShares. Their fees differ too: 1.07% for DRIP and 1.50% for INTW.

Which has better risk-adjusted returns?

INTW currently has the higher Sharpe Ratio (13.25 vs -0.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.