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 -27.53%/yr vs 2.24%/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 -48.42% return, which is significantly lower than WTIU's 73.39% return.
DRIP
- 1D
- -0.65%
- 1M
- -2.28%
- 6M
- -45.20%
- YTD
- -48.42%
- 1Y
- -47.19%
- 3Y*
- -27.53%
- 5Y*
- -43.20%
- 10Y*
- -42.30%
WTIU
- 1D
- 0.31%
- 1M
- 0.80%
- 6M
- 55.84%
- YTD
- 73.39%
- 1Y
- 57.94%
- 3Y*
- 2.24%
- 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 | -48.42% | -14.81% | 1.27% | -8.77% |
WTIU MicroSectors Energy 3X Leveraged ETN | 73.39% | -17.13% | -29.63% | -28.45% |
Correlation
The correlation between DRIP and WTIU is -0.94, 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 | -0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.92 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2023 | -0.92 |
The correlation between DRIP and WTIU has been stable across timeframes, ranging from -0.94 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.
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 | WTIU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.68 | ||
| Sortino ratioReturn per unit of downside risk | -2.65 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.18 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 1.21 | -1.97 |
| Martin ratioReturn relative to average drawdown | -1.32 | 2.86 | -4.19 |
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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 | -62.18% | -48.11% | -14.07% |
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% | -38.54% | -61.40% |
Average DrawdownAverage peak-to-trough decline | -90.51% | -39.32% | -51.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.66% | 20.35% | +15.31% |
Volatility
DRIP vs. WTIU - Volatility Comparison
The current volatility for Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) is 16.32%, while MicroSectors Energy 3X Leveraged ETN (WTIU) has a volatility of 23.20%. 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 | 16.32% | 23.20% | -6.88% |
Volatility (6M)Calculated over the trailing 6-month period | 44.01% | 56.98% | -12.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.73% | 69.39% | -12.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.02% | 70.92% | -2.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.90% | 70.92% | +24.98% |
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 3.44%, 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 | 3.44% | 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 -0.94, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTIU has higher volatility (23.20%) compared to DRIP (16.32%). In terms of maximum drawdown, DRIP dropped -99.95% vs WTIU's -75.73%.
On 3-year performance, WTIU leads with 2.24% vs -27.53% for DRIP. On fees, WTIU is cheaper at 0.95% per year. On volatility, DRIP has been the lower-risk option at 16.32%. 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 2.24% return vs -27.53%. 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 3.44%, 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 (0.84 vs -0.83), 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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