VTEB vs. WTIU
VTEB (Vanguard Tax-Exempt Bond ETF) and WTIU (MicroSectors Energy 3X Leveraged ETN) are both exchange-traded funds - VTEB is a Municipal Bonds fund tracking the S&P National AMT-Free Municipal Bond Index, while WTIU is a Leveraged Equities fund tracking the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). Both are passively managed. Over the past 3 years, VTEB returned 3.19%/yr vs -1.04%/yr for WTIU. Their -0.12 correlation means they have often moved in opposite directions in the past. VTEB charges 0.03%/yr vs 0.95%/yr for WTIU.
Performance
VTEB vs. WTIU - Performance Comparison
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Returns By Period
In the year-to-date period, VTEB achieves a 0.43% return, which is significantly lower than WTIU's 95.37% return.
VTEB
- 1D
- 0.12%
- 1M
- -1.72%
- 6M
- -0.22%
- YTD
- 0.43%
- 1Y
- 4.90%
- 3Y*
- 3.19%
- 5Y*
- 0.54%
- 10Y*
- 1.90%
- ALL TIME*
- 2.29%
WTIU
- 1D
- -4.60%
- 1M
- 39.23%
- 6M
- 55.77%
- YTD
- 95.37%
- 1Y
- 104.76%
- 3Y*
- -1.04%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -5.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $388.01M | $356.14M | $359.95M | |
| $1.41M | $930.94K | $851.49K |
VTEB vs. WTIU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VTEB Vanguard Tax-Exempt Bond ETF | 0.43% | 3.72% | 1.31% | 4.07% |
WTIU MicroSectors Energy 3X Leveraged ETN | 95.37% | -17.13% | -29.63% | -28.45% |
Correlation
The correlation between VTEB and WTIU is -0.34, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.34 |
Correlation (3Y) Balances recent behavior with more history. | -0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2023 | -0.12 |
Over the past year, the inverse relationship between VTEB and WTIU has strengthened: their correlation has moved from -0.12 to -0.34, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
VTEB vs. WTIU — Risk / Return Rank
VTEB
WTIU
VTEB vs. WTIU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Tax-Exempt Bond ETF (VTEB) 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.
| VTEB | WTIU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.25 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 2.19 | -0.37 |
| Martin ratioReturn relative to average drawdown | 5.96 | 4.99 | +0.97 |
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Drawdowns
VTEB vs. WTIU - Drawdown Comparison
The maximum VTEB drawdown since its inception was -17.00%, smaller than the maximum WTIU drawdown of -75.73%. Use the drawdown chart below to compare losses from any high point for VTEB and WTIU.
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Drawdown Indicators
| VTEB | WTIU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.00% | -75.73% | +58.73% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -48.11% | +45.40% |
Max Drawdown (3Y)Largest decline over 3 years | -4.76% | -75.73% | +70.97% |
Max Drawdown (5Y)Largest decline over 5 years | -12.56% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -17.00% | — | — |
Current DrawdownCurrent decline from peak | -1.74% | -30.75% | +29.01% |
Average DrawdownAverage peak-to-trough decline | -2.30% | -39.20% | +36.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 21.07% | -20.25% |
Volatility
VTEB vs. WTIU - Volatility Comparison
The current volatility for Vanguard Tax-Exempt Bond ETF (VTEB) is 0.88%, while MicroSectors Energy 3X Leveraged ETN (WTIU) has a volatility of 22.17%. This indicates that VTEB 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
| VTEB | WTIU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 22.17% | -21.29% |
Volatility (6M)Calculated over the trailing 6-month period | 2.22% | 57.97% | -55.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.73% | 69.79% | -67.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.92% | 70.86% | -66.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.25% | 70.86% | -65.61% |
VTEB vs. WTIU - Expense Ratio Comparison
VTEB has a 0.03% expense ratio, which is lower than WTIU's 0.95% expense ratio.
Dividends
VTEB vs. WTIU - Dividend Comparison
VTEB's dividend yield for the trailing twelve months is around 3.43%, while WTIU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTEB Vanguard Tax-Exempt Bond ETF | 3.43% | 3.29% | 3.14% | 2.79% | 2.09% | 1.64% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% |
WTIU MicroSectors Energy 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VTEB and WTIU have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTIU has higher volatility (22.17%) compared to VTEB (0.88%). In terms of maximum drawdown, VTEB dropped -17.00% vs WTIU's -75.73%.
On 3-year performance, VTEB leads with 3.19% vs -1.04% for WTIU. On fees, VTEB is cheaper at 0.03% per year. On volatility, VTEB has been the lower-risk option at 0.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VTEB has performed better with a 3.19% return vs -1.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTEB is cheaper with a 0.03% expense ratio, compared with 0.95% for WTIU.
VTEB has the higher dividend yield at 3.43%, compared with 0.00% for WTIU.
VTEB is categorized as Municipal Bonds, while WTIU is Leveraged Equities. VTEB tracks S&P National AMT-Free Municipal Bond Index, while WTIU tracks Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). They also come from different issuers: Vanguard and REX. Their fees differ too: 0.03% for VTEB and 0.95% for WTIU.
VTEB currently has the higher Sharpe Ratio (1.81 vs 1.51), 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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