OILU vs. WANT
OILU (MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN) and WANT (Direxion Daily Consumer Discretionary Bull 3X Shares) are both exchange-traded funds - OILU is a Leveraged Commodities fund managed by BMO, while WANT is a Leveraged Equities fund tracking the S&P Consumer Discretionary Select Sector Index (-300%). Over the past 3 years, OILU returned 2.53%/yr vs 7.62%/yr for WANT. At a 0.17 correlation, their price movements are largely independent. OILU charges 0.95%/yr vs 0.98%/yr for WANT.
Performance
OILU vs. WANT - Performance Comparison
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Returns By Period
In the year-to-date period, OILU achieves a 84.54% return, which is significantly higher than WANT's -19.95% return.
OILU
- 1D
- 2.86%
- 1M
- 27.28%
- 6M
- 58.40%
- YTD
- 84.54%
- 1Y
- 100.47%
- 3Y*
- 2.53%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.00%
WANT
- 1D
- 0.33%
- 1M
- -6.84%
- 6M
- -18.61%
- YTD
- -19.95%
- 1Y
- -9.28%
- 3Y*
- 7.62%
- 5Y*
- -9.92%
- 10Y*
- —
- ALL TIME*
- 7.01%
OILU vs. WANT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 84.54% | -16.50% | -21.65% | -32.50% | 151.08% | -16.79% |
WANT Direxion Daily Consumer Discretionary Bull 3X Shares | -19.95% | -6.94% | 60.52% | 114.43% | -83.03% | -7.40% |
Correlation
The correlation between OILU and WANT is -0.21, 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 | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | 0.17 |
The correlation between OILU and WANT shifts across timeframes, from -0.21 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OILU vs. WANT — Risk / Return Rank
OILU
WANT
OILU vs. WANT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) and Direxion Daily Consumer Discretionary Bull 3X Shares (WANT). 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.
| OILU | WANT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.02 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | -0.23 | +2.40 |
| Martin ratioReturn relative to average drawdown | 5.47 | -0.53 | +5.99 |
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Drawdowns
OILU vs. WANT - Drawdown Comparison
The maximum OILU drawdown since its inception was -81.00%, smaller than the maximum WANT drawdown of -85.89%. Use the drawdown chart below to compare losses from any high point for OILU and WANT.
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Drawdown Indicators
| OILU | WANT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.00% | -85.89% | +4.89% |
Max Drawdown (1Y)Largest decline over 1 year | -46.49% | -41.27% | -5.22% |
Max Drawdown (3Y)Largest decline over 3 years | -69.09% | -63.53% | -5.56% |
Max Drawdown (5Y)Largest decline over 5 years | — | -85.89% | — |
Current DrawdownCurrent decline from peak | -50.37% | -61.42% | +11.05% |
Average DrawdownAverage peak-to-trough decline | -50.70% | -43.33% | -7.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.45% | 17.64% | +0.81% |
Volatility
OILU vs. WANT - Volatility Comparison
MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) has a higher volatility of 17.88% compared to Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) at 15.21%. This indicates that OILU's price experiences larger fluctuations and is considered to be riskier than WANT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OILU | WANT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.88% | 15.21% | +2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 51.06% | 41.82% | +9.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.84% | 55.28% | +8.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.86% | 71.09% | +9.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.86% | 71.29% | +9.57% |
OILU vs. WANT - Expense Ratio Comparison
OILU has a 0.95% expense ratio, which is lower than WANT's 0.98% expense ratio.
Dividends
OILU vs. WANT - Dividend Comparison
OILU has not paid dividends to shareholders, while WANT's dividend yield for the trailing twelve months is around 0.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WANT Direxion Daily Consumer Discretionary Bull 3X Shares | 0.55% | 0.65% | 0.61% | 0.46% | 0.00% | 0.00% | 0.07% | 0.64% |
Frequently Asked Questions
OILU and WANT have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILU has higher volatility (17.88%) compared to WANT (15.21%). In terms of maximum drawdown, OILU dropped -81.00% vs WANT's -85.89%.
On 3-year performance, WANT leads with 7.62% vs 2.53% for OILU. On fees, OILU is cheaper at 0.95% per year. On volatility, WANT has been the lower-risk option at 15.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, WANT has performed better with a 7.62% return vs 2.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OILU is cheaper with a 0.95% expense ratio, compared with 0.98% for WANT.
WANT has the higher dividend yield at 0.55%, compared with 0.00% for OILU.
OILU is categorized as Leveraged Commodities, while WANT is Leveraged Equities. They also come from different issuers: BMO and Direxion. Their fees differ too: 0.95% for OILU and 0.98% for WANT.
OILU currently has the higher Sharpe Ratio (1.59 vs -0.17), 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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