FTXN vs. WTID

Last updated Jul 17, 2026

FTXN (First Trust Nasdaq Oil & Gas ETF) and WTID (MicroSectors Energy -3X Inverse Leveraged ETN) are both exchange-traded funds - FTXN is a Energy Equities fund tracking the Nasdaq U.S. Smart Oil & Gas Index, while WTID is a Inverse Equities fund tracking the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). Both are passively managed. Over the past 3 years, FTXN returned 13.28%/yr vs -47.29%/yr for WTID. At a correlation of -0.96, they often move in opposite directions. FTXN charges 0.60%/yr vs 0.95%/yr for WTID.

Performance

FTXN vs. WTID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Nasdaq Oil & Gas ETF (FTXN) and MicroSectors Energy -3X Inverse Leveraged ETN (WTID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTXN achieves a 29.38% return, which is significantly higher than WTID's -62.04% return.

FTXN

• 1D: 0.68%
• 1M: 4.41%
• 6M: 23.48%
• YTD: 29.38%
• 1Y: 34.19%
• 3Y*: 13.28%
• 5Y*: 19.97%
• 10Y*: —

WTID

• 1D: -3.89%
• 1M: -16.63%
• 6M: -55.93%
• YTD: -62.04%
• 1Y: -68.60%
• 3Y*: -47.29%
• 5Y*: —
• 10Y*: —

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

FTXN vs. WTID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FTXN First Trust Nasdaq Oil & Gas ETF	29.38%	-0.17%	4.06%	1.36%
WTID MicroSectors Energy -3X Inverse Leveraged ETN	-62.04%	-44.50%	-7.93%	-16.93%

Correlation

The correlation between FTXN and WTID is -0.96, 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	-0.97
Correlation (3Y) Calculated over the trailing 3-year period	-0.96
Correlation (All Time) Calculated using the full available price history since Feb 15, 2023	-0.96

The correlation between FTXN and WTID has been stable across timeframes, ranging from -0.96 to -0.96 - a consistent structural relationship.

FTXN vs. WTID - Sectors Allocation Comparison

Sectors	FTXN	WTID
Energy	100.0%	100.0%
Industrials	2.3%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

FTXN vs. WTID — Risk / Return Rank

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

FTXN

FTXN Risk / Return Rank: 49
FTXN Sharpe Ratio Rank: 54
FTXN Sortino Ratio Rank: 49
FTXN Omega Ratio Rank: 46
FTXN Calmar Ratio Rank: 52
FTXN Martin Ratio Rank: 42

WTID

WTID Risk / Return Rank: 1
WTID Sharpe Ratio Rank: 2
WTID Sortino Ratio Rank: 1
WTID Omega Ratio Rank: 1
WTID Calmar Ratio Rank: 1
WTID Martin Ratio Rank: 1

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.

FTXN vs. WTID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Oil & Gas ETF (FTXN) and MicroSectors Energy -3X Inverse Leveraged ETN (WTID). 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.

	FTXN	WTID	Difference
Sharpe ratio: Return per unit of total volatility	1.48	-1.01	+2.49
Sortino ratio: Return per unit of downside risk	2.00	-1.87	+3.87
Omega ratio: Gain probability vs. loss probability	1.24	0.80	+0.44
Calmar ratio: Return relative to maximum drawdown	2.09	-0.92	+3.01
Martin ratio: Return relative to average drawdown	5.36	-1.46	+6.82

FTXN vs. WTID - Sharpe Ratio Comparison

The current FTXN Sharpe Ratio is 1.48, which is higher than the WTID Sharpe Ratio of -1.01. The chart below compares the historical Sharpe Ratios of FTXN and WTID, 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

FTXN vs. WTID - Drawdown Comparison

The maximum FTXN drawdown since its inception was -73.49%, smaller than the maximum WTID drawdown of -90.35%. Use the drawdown chart below to compare losses from any high point for FTXN and WTID.

Drawdown Indicators

	FTXN	WTID	Difference
Max Drawdown Largest peak-to-trough decline	-73.49%	-90.35%	+16.86%
Max Drawdown (1Y) Largest decline over 1 year	-16.42%	-74.87%	+58.45%
Max Drawdown (3Y) Largest decline over 3 years	-26.96%	-86.80%	+59.84%
Max Drawdown (5Y) Largest decline over 5 years	-29.97%	—	—
Current Drawdown Current decline from peak	-9.69%	-88.82%	+79.13%
Average Drawdown Average peak-to-trough decline	-19.15%	-55.48%	+36.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.40%	46.91%	-40.51%

Volatility

FTXN vs. WTID - Volatility Comparison

The current volatility for First Trust Nasdaq Oil & Gas ETF (FTXN) is 6.63%, while MicroSectors Energy -3X Inverse Leveraged ETN (WTID) has a volatility of 21.51%. This indicates that FTXN experiences smaller price fluctuations and is considered to be less risky than WTID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTXN	WTID	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.63%	21.51%	-14.88%
Volatility (6M) Calculated over the trailing 6-month period	18.33%	55.66%	-37.33%
Volatility (1Y) Calculated over the trailing 1-year period	23.23%	68.45%	-45.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.54%	70.59%	-41.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.73%	70.59%	-38.86%

FTXN vs. WTID - Expense Ratio Comparison

FTXN has a 0.60% expense ratio, which is lower than WTID's 0.95% expense ratio.

Dividends

FTXN vs. WTID - Dividend Comparison

FTXN's dividend yield for the trailing twelve months is around 1.81%, while WTID has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FTXN First Trust Nasdaq Oil & Gas ETF	1.81%	2.83%	2.51%	3.41%	2.26%	1.04%	1.76%	2.72%	2.16%	1.78%	0.20%
WTID MicroSectors Energy -3X Inverse Leveraged ETN	0.00%	0.00%	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 FTXN and WTID in my portfolio?

FTXN and WTID have a correlation of -0.96, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTXN or WTID?

WTID has higher volatility (21.51%) compared to FTXN (6.63%). In terms of maximum drawdown, FTXN dropped -73.49% vs WTID's -90.35%.

Which ETF is better, FTXN or WTID?

On 3-year performance, FTXN leads with 13.28% vs -47.29% for WTID. On fees, FTXN is cheaper at 0.60% per year. On volatility, FTXN has been the lower-risk option at 6.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTXN or WTID?

Over the 3-year period, FTXN has performed better with a 13.28% return vs -47.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTXN or WTID?

FTXN is cheaper with a 0.60% expense ratio, compared with 0.95% for WTID.

Which ETF pays a higher dividend yield, FTXN or WTID?

FTXN has the higher dividend yield at 1.81%, compared with 0.00% for WTID.

What is the main difference between FTXN and WTID?

FTXN is categorized as Energy Equities, while WTID is Inverse Equities. FTXN tracks Nasdaq U.S. Smart Oil & Gas Index, while WTID tracks Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). They also come from different issuers: First Trust and REX. Their fees differ too: 0.60% for FTXN and 0.95% for WTID.

Which has better risk-adjusted returns?

FTXN currently has the higher Sharpe Ratio (1.48 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.