DRIP vs. WTIU
DRIP (Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares) and WTIU (MicroSectors Energy 3X Leveraged ETN) are both Leveraged Equities funds - DRIP tracks the S&P Oil & Gas Exploration & Production Select Industry Index (-300%) while WTIU tracks the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). Both are passively managed. Over the past 3 years, DRIP returned -30.92%/yr vs 5.93%/yr for WTIU. At a correlation of -0.92, they often move in opposite directions. DRIP charges 1.07%/yr vs 0.95%/yr for WTIU.
Performance
DRIP vs. WTIU - Performance Comparison
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Returns By Period
In the year-to-date period, DRIP achieves a -50.45% return, which is significantly lower than WTIU's 91.57% return.
DRIP
- 1D
- -3.05%
- 1M
- 9.61%
- YTD
- -50.45%
- 6M
- -43.03%
- 1Y
- -56.10%
- 3Y*
- -30.92%
- 5Y*
- -41.62%
- 10Y*
- -42.95%
WTIU
- 1D
- 4.02%
- 1M
- -7.74%
- YTD
- 91.57%
- 6M
- 66.33%
- 1Y
- 103.25%
- 3Y*
- 5.93%
- 5Y*
- —
- 10Y*
- —
DRIP vs. WTIU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | -50.45% | -14.81% | 1.27% | -11.78% |
WTIU MicroSectors Energy 3X Leveraged ETN | 91.57% | -17.13% | -29.63% | -28.42% |
Correlation
The correlation between DRIP and WTIU is -0.93, 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 | -0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.92 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2023 | -0.92 |
The correlation between DRIP and WTIU has been stable across timeframes, ranging from -0.93 to -0.92 - a consistent structural relationship.
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Return for Risk
DRIP vs. WTIU — Risk / Return Rank
DRIP
WTIU
DRIP vs. WTIU - 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 MicroSectors Energy 3X Leveraged ETN (WTIU). 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.
| DRIP | WTIU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.55 | ||
| Sortino ratioReturn per unit of downside risk | -3.70 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.25 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 2.65 | -3.54 |
| Martin ratioReturn relative to average drawdown | -1.64 | 6.55 | -8.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DRIP | WTIU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.01 | 1.54 | -2.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.61 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.42 | -0.09 | -0.32 |
Drawdowns
DRIP vs. WTIU - Drawdown Comparison
The maximum DRIP drawdown since its inception was -99.95%, which is greater than WTIU's maximum drawdown of -75.73%. Use the drawdown chart below to compare losses from any high point for DRIP and WTIU.
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Drawdown Indicators
| DRIP | WTIU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.95% | -75.73% | -24.22% |
Max Drawdown (1Y)Largest decline over 1 year | -63.84% | -39.11% | -24.73% |
Max Drawdown (3Y)Largest decline over 3 years | -76.02% | -75.73% | -0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -96.24% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.92% | — | — |
Current DrawdownCurrent decline from peak | -99.94% | -32.10% | -67.84% |
Average DrawdownAverage peak-to-trough decline | -90.45% | -39.19% | -51.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.12% | 15.83% | +18.29% |
Volatility
DRIP vs. WTIU - Volatility Comparison
The current volatility for Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) is 19.66%, while MicroSectors Energy 3X Leveraged ETN (WTIU) has a volatility of 27.06%. This indicates that DRIP experiences smaller price fluctuations and is considered to be less risky than WTIU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRIP | WTIU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.66% | 27.06% | -7.40% |
Volatility (6M)Calculated over the trailing 6-month period | 43.05% | 54.98% | -11.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.64% | 67.51% | -11.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.36% | 70.62% | -2.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.59% | 70.62% | +25.97% |
DRIP vs. WTIU - Expense Ratio Comparison
DRIP has a 1.07% expense ratio, which is higher than WTIU's 0.95% expense ratio.
Dividends
DRIP vs. WTIU - Dividend Comparison
DRIP's dividend yield for the trailing twelve months is around 3.99%, while WTIU 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 | 3.99% | 2.86% | 4.38% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% |
WTIU MicroSectors Energy 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DRIP and WTIU have a correlation of -0.93, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTIU has higher volatility (27.06%) compared to DRIP (19.66%). In terms of maximum drawdown, DRIP dropped -99.95% vs WTIU's -75.73%.
On 3-year performance, WTIU leads with 5.93% vs -30.92% for DRIP. On fees, WTIU is cheaper at 0.95% per year. On volatility, DRIP has been the lower-risk option at 19.66%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, WTIU has performed better with a 5.93% return vs -30.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WTIU is cheaper with a 0.95% expense ratio, compared with 1.07% for DRIP.
DRIP has the higher dividend yield at 3.99%, compared with 0.00% for WTIU.
DRIP tracks S&P Oil & Gas Exploration & Production Select Industry Index (-300%), while WTIU tracks Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). They also come from different issuers: Direxion and REX. Their fees differ too: 1.07% for DRIP and 0.95% for WTIU.
WTIU currently has the higher Sharpe Ratio (1.54 vs -1.01), 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.
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