SZK vs. WTIU
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 -6.63%/yr vs -4.78%/yr for WTIU. Their -0.14 correlation means they have often moved in opposite directions in the past. Both charge a 0.95% expense ratio.
Performance
SZK vs. WTIU - Performance Comparison
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Returns By Period
In the year-to-date period, SZK achieves a -18.22% return, which is significantly lower than WTIU's 74.03% return.
SZK
- 1D
- -0.26%
- 1M
- -3.10%
- 6M
- 2.45%
- YTD
- -18.22%
- 1Y
- -11.75%
- 3Y*
- -6.63%
- 5Y*
- -4.12%
- 10Y*
- -16.27%
- ALL TIME*
- -19.52%
WTIU
- 1D
- -8.30%
- 1M
- 25.25%
- 6M
- 16.97%
- YTD
- 74.03%
- 1Y
- 80.59%
- 3Y*
- -4.78%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -8.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $56.40K | $61.28K | $43.80K | |
| $1.51M | $997.88K | $844.71K |
SZK vs. WTIU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SZK ProShares UltraShort Consumer Goods | -18.22% | 3.37% | -11.33% | 14.45% |
WTIU MicroSectors Energy 3X Leveraged ETN | 74.03% | -17.13% | -29.63% | -28.45% |
Correlation
The correlation between SZK and WTIU is -0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.07 |
Correlation (3Y) Balances recent behavior with more history. | -0.11 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2023 | -0.14 |
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Return for Risk
SZK vs. WTIU — Risk / Return Rank
SZK
WTIU
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 ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -2.12 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.21 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 1.68 | -2.09 |
| Martin ratioReturn relative to average drawdown | -0.77 | 3.80 | -4.57 |
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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.
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Drawdown Indicators
| SZK | WTIU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.40% | -75.73% | -23.67% |
Max Drawdown (1Y)Largest decline over 1 year | -29.26% | -48.11% | +18.85% |
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 DrawdownCurrent decline from peak | -99.31% | -38.31% | -61.00% |
Average DrawdownAverage peak-to-trough decline | -82.13% | -39.19% | -42.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.39% | 21.25% | -5.86% |
Volatility
SZK vs. WTIU - Volatility Comparison
The current volatility for ProShares UltraShort Consumer Goods (SZK) is 11.39%, while MicroSectors Energy 3X Leveraged ETN (WTIU) has a volatility of 23.53%. 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.
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Volatility by Period
| SZK | WTIU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.39% | 23.53% | -12.14% |
Volatility (6M)Calculated over the trailing 6-month period | 22.80% | 57.57% | -34.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.20% | 70.27% | -42.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.97% | 70.94% | -38.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.77% | 70.94% | -37.17% |
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 2.81%, while WTIU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SZK ProShares UltraShort Consumer Goods | 2.81% | 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
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.
WTIU has higher volatility (23.53%) compared to SZK (11.39%). In terms of maximum drawdown, SZK dropped -99.40% vs WTIU's -75.73%.
On 3-year performance, WTIU leads with -4.78% vs -6.63% for SZK. Both ETFs have the same 0.95% expense ratio. On volatility, SZK has been the lower-risk option at 11.39%. 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 -4.78% return vs -6.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SZK and WTIU have the same expense ratio: 0.95% per year.
SZK has the higher dividend yield at 2.81%, compared with 0.00% for 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.
WTIU currently has the higher Sharpe Ratio (1.15 vs -0.42), 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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