WTID vs. CARD
WTID (MicroSectors Energy -3X Inverse Leveraged ETN) and CARD (Max Auto Industry -3X Inverse Leveraged ETN) are both Inverse Equities funds - WTID tracks the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%) while CARD tracks the Prime Auto Industry Index - Benchmark TR Net (--300%). Both are passively managed. Over the past 3 years, WTID returned -45.60%/yr vs -49.61%/yr for CARD. Their 0.14 correlation means their historical movements had little consistent relationship. Both charge a 0.95% expense ratio.
Performance
WTID vs. CARD - Performance Comparison
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Returns By Period
In the year-to-date period, WTID achieves a -67.32% return, which is significantly lower than CARD's -11.90% return.
WTID
- 1D
- 4.70%
- 1M
- -32.80%
- 6M
- -56.78%
- YTD
- -67.32%
- 1Y
- -74.04%
- 3Y*
- -45.60%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -43.47%
CARD
- 1D
- -3.27%
- 1M
- -1.66%
- 6M
- -9.54%
- YTD
- -11.90%
- 1Y
- -40.90%
- 3Y*
- -49.61%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -52.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $42.40K | $47.06K | $45.44K | |
| $198.95K | $195.92K | $630.81K |
WTID vs. CARD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WTID MicroSectors Energy -3X Inverse Leveraged ETN | -67.32% | -44.50% | -7.93% | -30.73% |
CARD Max Auto Industry -3X Inverse Leveraged ETN | -11.90% | -60.21% | -58.19% | -32.77% |
Correlation
The correlation between WTID and CARD is -0.20, 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. | -0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2023 | 0.14 |
The correlation between WTID and CARD shifts across timeframes, from -0.20 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WTID vs. CARD — Risk / Return Rank
WTID
CARD
WTID vs. CARD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Energy -3X Inverse Leveraged ETN (WTID) and Max Auto Industry -3X Inverse Leveraged ETN (CARD). 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.
| WTID | CARD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.94 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | -0.94 | -0.04 |
| Martin ratioReturn relative to average drawdown | -1.49 | -1.47 | -0.02 |
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Drawdowns
WTID vs. CARD - Drawdown Comparison
The maximum WTID drawdown since its inception was -90.80%, roughly equal to the maximum CARD drawdown of -93.74%. Use the drawdown chart below to compare losses from any high point for WTID and CARD.
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Drawdown Indicators
| WTID | CARD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.80% | -93.74% | +2.94% |
Max Drawdown (1Y)Largest decline over 1 year | -76.06% | -43.65% | -32.41% |
Max Drawdown (3Y)Largest decline over 3 years | -86.73% | -93.74% | +7.01% |
Current DrawdownCurrent decline from peak | -90.37% | -93.38% | +3.01% |
Average DrawdownAverage peak-to-trough decline | -55.96% | -69.59% | +13.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.62% | 29.28% | +20.34% |
Volatility
WTID vs. CARD - Volatility Comparison
MicroSectors Energy -3X Inverse Leveraged ETN (WTID) and Max Auto Industry -3X Inverse Leveraged ETN (CARD) have volatilities of 23.44% and 23.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTID | CARD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.44% | 23.55% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 56.62% | 54.51% | +2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.15% | 72.06% | -2.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.60% | 80.48% | -9.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.60% | 80.48% | -9.88% |
WTID vs. CARD - Expense Ratio Comparison
Both WTID and CARD have an expense ratio of 0.95%.
Dividends
WTID vs. CARD - Dividend Comparison
Neither WTID nor CARD has paid dividends to shareholders.
Frequently Asked Questions
WTID and CARD have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CARD has higher volatility (23.55%) compared to WTID (23.44%). In terms of maximum drawdown, WTID dropped -90.80% vs CARD's -93.74%.
On 3-year performance, WTID leads with -45.60% vs -49.61% for CARD. Both ETFs have the same 0.95% expense ratio. On volatility, WTID has been the lower-risk option at 23.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, WTID has performed better with a -45.60% return vs -49.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WTID and CARD have the same expense ratio: 0.95% per year.
WTID and CARD have nearly identical dividend yields, around 0.00%.
WTID tracks Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%), while CARD tracks Prime Auto Industry Index - Benchmark TR Net (--300%). They also come from different issuers: REX and Max.
CARD currently has the higher Sharpe Ratio (-0.57 vs -1.07), 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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