SDP vs. WTIU
SDP (ProShares UltraShort Utilities) and WTIU (MicroSectors Energy 3X Leveraged ETN) are both Leveraged Equities funds - SDP tracks the Dow Jones U.S. Utilities Index (-200%) while WTIU tracks the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). Both are passively managed. Over the past 3 years, SDP returned -19.38%/yr vs 5.93%/yr for WTIU. At a correlation of -0.19, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
SDP vs. WTIU - Performance Comparison
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Returns By Period
In the year-to-date period, SDP achieves a -5.56% return, which is significantly lower than WTIU's 91.57% return.
SDP
- 1D
- 0.71%
- 1M
- 11.99%
- YTD
- -5.56%
- 6M
- -1.63%
- 1Y
- -12.04%
- 3Y*
- -19.38%
- 5Y*
- -16.33%
- 10Y*
- -20.69%
WTIU
- 1D
- 4.02%
- 1M
- -7.74%
- YTD
- 91.57%
- 6M
- 66.33%
- 1Y
- 103.25%
- 3Y*
- 5.93%
- 5Y*
- —
- 10Y*
- —
SDP vs. WTIU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SDP ProShares UltraShort Utilities | -5.56% | -22.59% | -30.11% | 11.71% |
WTIU MicroSectors Energy 3X Leveraged ETN | 91.57% | -17.13% | -29.63% | -28.42% |
Correlation
The correlation between SDP and WTIU is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2023 | -0.19 |
The correlation between SDP and WTIU shifts across timeframes, from -0.19 (3 years) to -0.02 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SDP vs. WTIU — Risk / Return Rank
SDP
WTIU
SDP vs. WTIU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Utilities (SDP) 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.
| SDP | WTIU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.43 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.25 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 2.65 | -3.07 |
| Martin ratioReturn relative to average drawdown | -0.69 | 6.55 | -7.24 |
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
| SDP | WTIU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.41 | 1.54 | -1.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.48 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.56 | -0.09 | -0.47 |
Drawdowns
SDP vs. WTIU - Drawdown Comparison
The maximum SDP drawdown since its inception was -99.56%, which is greater than WTIU's maximum drawdown of -75.73%. Use the drawdown chart below to compare losses from any high point for SDP and WTIU.
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Drawdown Indicators
| SDP | WTIU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.56% | -75.73% | -23.83% |
Max Drawdown (1Y)Largest decline over 1 year | -29.01% | -39.11% | +10.10% |
Max Drawdown (3Y)Largest decline over 3 years | -66.17% | -75.73% | +9.56% |
Max Drawdown (5Y)Largest decline over 5 years | -66.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -92.43% | — | — |
Current DrawdownCurrent decline from peak | -99.49% | -32.10% | -67.39% |
Average DrawdownAverage peak-to-trough decline | -82.12% | -39.19% | -42.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.38% | 15.83% | +1.55% |
Volatility
SDP vs. WTIU - Volatility Comparison
The current volatility for ProShares UltraShort Utilities (SDP) is 10.86%, while MicroSectors Energy 3X Leveraged ETN (WTIU) has a volatility of 27.06%. This indicates that SDP 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
| SDP | WTIU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.86% | 27.06% | -16.20% |
Volatility (6M)Calculated over the trailing 6-month period | 23.05% | 54.98% | -31.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.23% | 67.51% | -38.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.37% | 70.62% | -36.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.51% | 70.62% | -33.11% |
SDP vs. WTIU - Expense Ratio Comparison
Both SDP and WTIU have an expense ratio of 0.95%.
Dividends
SDP vs. WTIU - Dividend Comparison
SDP's dividend yield for the trailing twelve months is around 3.87%, while WTIU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SDP ProShares UltraShort Utilities | 3.87% | 3.99% | 4.66% | 3.04% | 0.56% | 0.00% | 0.13% | 0.87% | 0.05% |
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
SDP and WTIU have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTIU has higher volatility (27.06%) compared to SDP (10.86%). In terms of maximum drawdown, SDP dropped -99.56% vs WTIU's -75.73%.
On 3-year performance, WTIU leads with 5.93% vs -19.38% for SDP. Both ETFs have the same 0.95% expense ratio. On volatility, SDP has been the lower-risk option at 10.86%. 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 5.93% return vs -19.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SDP and WTIU have the same expense ratio: 0.95% per year.
SDP has the higher dividend yield at 3.87%, compared with 0.00% for WTIU.
SDP tracks Dow Jones U.S. Utilities 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 (1.54 vs -0.41), 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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