EWV vs. WTIU
EWV (ProShares UltraShort MSCI Japan) and WTIU (MicroSectors Energy 3X Leveraged ETN) are both exchange-traded funds - EWV is a Japan Equities fund tracking the MSCI Japan Index (-200%), while WTIU is a Leveraged Equities fund tracking the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). Both are passively managed. Over the past 3 years, EWV returned -29.54%/yr vs -1.99%/yr for WTIU. Their -0.10 correlation means they have often moved in opposite directions in the past. Both charge a 0.95% expense ratio.
Performance
EWV vs. WTIU - Performance Comparison
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Returns By Period
In the year-to-date period, EWV achieves a -31.51% return, which is significantly lower than WTIU's 89.78% return.
EWV
- 1D
- -3.83%
- 1M
- -4.44%
- 6M
- -21.69%
- YTD
- -31.51%
- 1Y
- -44.00%
- 3Y*
- -29.54%
- 5Y*
- -18.78%
- 10Y*
- -19.87%
- ALL TIME*
- -18.99%
WTIU
- 1D
- -2.86%
- 1M
- 35.24%
- 6M
- 38.53%
- YTD
- 89.78%
- 1Y
- 99.12%
- 3Y*
- -1.99%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -6.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $133.08K | $106.56K | $313.57K | |
| $1.47M | $948.86K | $842.63K |
EWV vs. WTIU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EWV ProShares UltraShort MSCI Japan | -31.51% | -37.70% | -11.06% | -19.32% |
WTIU MicroSectors Energy 3X Leveraged ETN | 89.78% | -17.13% | -29.63% | -28.45% |
Correlation
The correlation between EWV and WTIU is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | -0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2023 | -0.10 |
The correlation between EWV and WTIU shifts across timeframes, from -0.10 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EWV vs. WTIU — Risk / Return Rank
EWV
WTIU
EWV vs. WTIU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI Japan (EWV) 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.
| EWV | WTIU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.46 | ||
| Sortino ratioReturn per unit of downside risk | -3.45 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.24 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 2.07 | -3.03 |
| Martin ratioReturn relative to average drawdown | -1.53 | 4.70 | -6.24 |
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Drawdowns
EWV vs. WTIU - Drawdown Comparison
The maximum EWV drawdown since its inception was -99.20%, which is greater than WTIU's maximum drawdown of -75.73%. Use the drawdown chart below to compare losses from any high point for EWV and WTIU.
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Drawdown Indicators
| EWV | WTIU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.20% | -75.73% | -23.47% |
Max Drawdown (1Y)Largest decline over 1 year | -46.21% | -48.11% | +1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -71.19% | -75.73% | +4.54% |
Max Drawdown (5Y)Largest decline over 5 years | -79.51% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -89.45% | — | — |
Current DrawdownCurrent decline from peak | -99.18% | -32.73% | -66.45% |
Average DrawdownAverage peak-to-trough decline | -84.39% | -39.20% | -45.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.72% | 21.15% | +7.57% |
Volatility
EWV vs. WTIU - Volatility Comparison
The current volatility for ProShares UltraShort MSCI Japan (EWV) is 15.68%, while MicroSectors Energy 3X Leveraged ETN (WTIU) has a volatility of 22.49%. This indicates that EWV 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
| EWV | WTIU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.68% | 22.49% | -6.81% |
Volatility (6M)Calculated over the trailing 6-month period | 36.78% | 57.51% | -20.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.84% | 69.73% | -26.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.56% | 70.84% | -33.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.34% | 70.84% | -35.50% |
EWV vs. WTIU - Expense Ratio Comparison
Both EWV and WTIU have an expense ratio of 0.95%.
Dividends
EWV vs. WTIU - Dividend Comparison
EWV's dividend yield for the trailing twelve months is around 5.28%, while WTIU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EWV ProShares UltraShort MSCI Japan | 5.28% | 3.63% | 3.39% | 3.42% | 0.65% | 0.00% | 0.00% | 0.33% | 0.00% |
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
EWV and WTIU have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTIU has higher volatility (22.49%) compared to EWV (15.68%). In terms of maximum drawdown, EWV dropped -99.20% vs WTIU's -75.73%.
On 3-year performance, WTIU leads with -1.99% vs -29.54% for EWV. Both ETFs have the same 0.95% expense ratio. On volatility, EWV has been the lower-risk option at 15.68%. 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 -1.99% return vs -29.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EWV and WTIU have the same expense ratio: 0.95% per year.
EWV has the higher dividend yield at 5.28%, compared with 0.00% for WTIU.
EWV is categorized as Japan Equities, while WTIU is Leveraged Equities. EWV tracks MSCI Japan Index (-200%), while WTIU tracks Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). They also come from different issuers: ProShares and REX.
WTIU currently has the higher Sharpe Ratio (1.43 vs -1.03), 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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