QULL vs. WTIU
Compare and contrast key facts about ETRACS 2x Leveraged MSCI US Quality Factor TR ETN (QULL) and MicroSectors Energy 3X Leveraged ETN (WTIU).
QULL and WTIU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QULL is a passively managed fund by UBS that tracks the performance of the MSCI USA Sector Neutral Quality Index. It was launched on Feb 5, 2021. WTIU is a passively managed fund by REX that tracks the performance of the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). It was launched on Feb 16, 2023. Both QULL and WTIU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
QULL vs. WTIU - Performance Comparison
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QULL vs. WTIU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QULL ETRACS 2x Leveraged MSCI US Quality Factor TR ETN | -6.95% | 17.61% | 38.03% | 35.21% |
WTIU MicroSectors Energy 3X Leveraged ETN | 113.23% | -17.13% | -29.63% | -28.42% |
Returns By Period
In the year-to-date period, QULL achieves a -6.95% return, which is significantly lower than WTIU's 113.23% return.
QULL
- 1D
- 1.22%
- 1M
- -11.66%
- YTD
- -6.95%
- 6M
- -4.90%
- 1Y
- 20.02%
- 3Y*
- 26.76%
- 5Y*
- 13.82%
- 10Y*
- —
WTIU
- 1D
- -11.84%
- 1M
- 17.12%
- YTD
- 113.23%
- 6M
- 89.84%
- 1Y
- 46.84%
- 3Y*
- 2.42%
- 5Y*
- —
- 10Y*
- —
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QULL vs. WTIU - Expense Ratio Comparison
Both QULL and WTIU have an expense ratio of 0.95%.
Return for Risk
QULL vs. WTIU — Risk / Return Rank
QULL
WTIU
QULL vs. WTIU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS 2x Leveraged MSCI US Quality Factor TR ETN (QULL) 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.
| QULL | WTIU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.54 | 0.58 | -0.04 |
Sortino ratioReturn per unit of downside risk | 1.05 | 1.22 | -0.17 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.18 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.82 | 0.92 | -0.10 |
Martin ratioReturn relative to average drawdown | 3.82 | 1.71 | +2.11 |
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
| QULL | WTIU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | 0.58 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | -0.05 | +0.49 |
Correlation
The correlation between QULL and WTIU is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
QULL vs. WTIU - Dividend Comparison
Neither QULL nor WTIU has paid dividends to shareholders.
Drawdowns
QULL vs. WTIU - Drawdown Comparison
The maximum QULL drawdown since its inception was -51.83%, smaller than the maximum WTIU drawdown of -75.73%. Use the drawdown chart below to compare losses from any high point for QULL and WTIU.
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Drawdown Indicators
| QULL | WTIU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.83% | -75.73% | +23.90% |
Max Drawdown (1Y)Largest decline over 1 year | -24.81% | -53.11% | +28.30% |
Max Drawdown (5Y)Largest decline over 5 years | -51.83% | — | — |
Current DrawdownCurrent decline from peak | -12.36% | -24.42% | +12.06% |
Average DrawdownAverage peak-to-trough decline | -14.46% | -39.49% | +25.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.32% | 28.53% | -23.21% |
Volatility
QULL vs. WTIU - Volatility Comparison
The current volatility for ETRACS 2x Leveraged MSCI US Quality Factor TR ETN (QULL) is 11.33%, while MicroSectors Energy 3X Leveraged ETN (WTIU) has a volatility of 22.50%. This indicates that QULL 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
| QULL | WTIU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.33% | 22.50% | -11.17% |
Volatility (6M)Calculated over the trailing 6-month period | 19.75% | 46.56% | -26.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.54% | 81.69% | -44.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.65% | 69.54% | -33.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.49% | 69.54% | -34.05% |