SZK vs. WTIU

Last updated Jun 26, 2026

SZK (ProShares UltraShort Consumer Goods) and WTIU (MicroSectors Energy 3X Leveraged ETN) are both Leveraged Equities funds - SZK tracks the Dow Jones U.S. Consumer Goods Index (-200%) while WTIU tracks the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). Both are passively managed. Over the past 3 years, SZK returned -5.88%/yr vs -1.81%/yr for WTIU. At a correlation of -0.14, they often move in opposite directions. Both charge a 0.95% expense ratio.

Performance

SZK vs. WTIU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Consumer Goods (SZK) and MicroSectors Energy 3X Leveraged ETN (WTIU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SZK achieves a -15.40% return, which is significantly lower than WTIU's 43.70% return.

SZK

• 1D: 1.08%
• 1M: -2.19%
• YTD: -15.40%
• 6M: -13.95%
• 1Y: -7.92%
• 3Y*: -5.88%
• 5Y*: -4.06%
• 10Y*: -16.93%

WTIU

• 1D: 2.10%
• 1M: -18.32%
• YTD: 43.70%
• 6M: 46.65%
• 1Y: 45.61%
• 3Y*: -1.81%
• 5Y*: —
• 10Y*: —

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

SZK vs. WTIU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SZK ProShares UltraShort Consumer Goods	-15.40%	3.37%	-11.33%	14.45%
WTIU MicroSectors Energy 3X Leveraged ETN	43.70%	-17.13%	-29.63%	-28.45%

Correlation

The correlation between SZK and WTIU is -0.07, 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	-0.07
Correlation (3Y) Calculated over the trailing 3-year period	-0.10
Correlation (All Time) Calculated using the full available price history since Feb 15, 2023	-0.14

Return for Risk

SZK vs. WTIU — Risk / Return Rank

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

SZK

SZK Risk / Return Rank: 7
SZK Sharpe Ratio Rank: 7
SZK Sortino Ratio Rank: 6
SZK Omega Ratio Rank: 6
SZK Calmar Ratio Rank: 7
SZK Martin Ratio Rank: 7

WTIU

WTIU Risk / Return Rank: 22
WTIU Sharpe Ratio Rank: 20
WTIU Sortino Ratio Rank: 24
WTIU Omega Ratio Rank: 23
WTIU Calmar Ratio Rank: 22
WTIU Martin Ratio Rank: 22

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.

SZK vs. WTIU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Consumer Goods (SZK) 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.

	SZK	WTIU	Difference
Sharpe ratio: Return per unit of total volatility	-0.31	0.67	-0.98
Sortino ratio: Return per unit of downside risk	-0.26	1.25	-1.52
Omega ratio: Gain probability vs. loss probability	0.97	1.15	-0.18
Calmar ratio: Return relative to maximum drawdown	-0.27	0.97	-1.25
Martin ratio: Return relative to average drawdown	-0.58	2.51	-3.09

SZK vs. WTIU - Sharpe Ratio Comparison

The current SZK Sharpe Ratio is -0.31, which is lower than the WTIU Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of SZK and WTIU, 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

SZK vs. WTIU - Drawdown Comparison

The maximum SZK drawdown since its inception was -99.40%, which is greater than WTIU's maximum drawdown of -75.73%. Use the drawdown chart below to compare losses from any high point for SZK and WTIU.

Drawdown Indicators

	SZK	WTIU	Difference
Max Drawdown Largest peak-to-trough decline	-99.40%	-75.73%	-23.67%
Max Drawdown (1Y) Largest decline over 1 year	-29.26%	-47.07%	+17.81%
Max Drawdown (3Y) Largest decline over 3 years	-41.81%	-75.73%	+33.92%
Max Drawdown (5Y) Largest decline over 5 years	-41.81%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-86.78%	—	—
Current Drawdown Current decline from peak	-99.28%	-49.06%	-50.22%
Average Drawdown Average peak-to-trough decline	-82.03%	-39.21%	-42.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.72%	18.25%	-4.53%

Volatility

SZK vs. WTIU - Volatility Comparison

The current volatility for ProShares UltraShort Consumer Goods (SZK) is 9.89%, while MicroSectors Energy 3X Leveraged ETN (WTIU) has a volatility of 22.57%. This indicates that SZK 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.

Volatility by Period

	SZK	WTIU	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.89%	22.57%	-12.68%
Volatility (6M) Calculated over the trailing 6-month period	21.21%	56.28%	-35.07%
Volatility (1Y) Calculated over the trailing 1-year period	25.99%	68.30%	-42.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.58%	70.77%	-39.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.63%	70.77%	-37.14%

SZK vs. WTIU - Expense Ratio Comparison

Both SZK and WTIU have an expense ratio of 0.95%.

Dividends

SZK vs. WTIU - Dividend Comparison

SZK's dividend yield for the trailing twelve months is around 2.72%, while WTIU has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
SZK ProShares UltraShort Consumer Goods	2.72%	2.90%	5.70%	4.03%	0.56%	0.00%	0.19%	1.70%	0.50%
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

Can I hold both SZK and WTIU in my portfolio?

SZK and WTIU have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SZK or WTIU?

WTIU has higher volatility (22.57%) compared to SZK (9.89%). In terms of maximum drawdown, SZK dropped -99.40% vs WTIU's -75.73%.

Which ETF is better, SZK or WTIU?

On 3-year performance, WTIU leads with -1.81% vs -5.88% for SZK. Both ETFs have the same 0.95% expense ratio. On volatility, SZK has been the lower-risk option at 9.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SZK or WTIU?

Over the 3-year period, WTIU has performed better with a -1.81% return vs -5.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SZK or WTIU?

SZK and WTIU have the same expense ratio: 0.95% per year.

Which ETF pays a higher dividend yield, SZK or WTIU?

SZK has the higher dividend yield at 2.72%, compared with 0.00% for WTIU.

What is the main difference between SZK and WTIU?

SZK tracks Dow Jones U.S. Consumer Goods Index (-200%), while WTIU tracks Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). They also come from different issuers: ProShares and REX.

Which has better risk-adjusted returns?

WTIU currently has the higher Sharpe Ratio (0.67 vs -0.31), 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.