WTID vs. DOG
WTID (MicroSectors Energy -3X Inverse Leveraged ETN) and DOG (ProShares Short Dow30) are both Inverse Equities funds - WTID tracks the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%) while DOG tracks the DJ Industrial Average (-100%). Both are passively managed. Over the past 3 years, WTID returned -45.60%/yr vs -8.74%/yr for DOG. Their 0.25 correlation means their historical movements had little consistent relationship. Both charge a 0.95% expense ratio.
Performance
WTID vs. DOG - 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 DOG's -7.91% 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%
DOG
- 1D
- -1.25%
- 1M
- -0.23%
- 6M
- -5.66%
- YTD
- -7.91%
- 1Y
- -14.94%
- 3Y*
- -8.74%
- 5Y*
- -5.96%
- 10Y*
- -11.12%
- ALL TIME*
- -10.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $40.68M | $37.60M | $41.71M | |
| $198.95K | $195.92K | $630.81K |
WTID vs. DOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WTID MicroSectors Energy -3X Inverse Leveraged ETN | -67.32% | -44.50% | -7.93% | -16.93% |
DOG ProShares Short Dow30 | -7.91% | -8.40% | -5.62% | -4.88% |
Correlation
The correlation between WTID and DOG is -0.15, 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. | -0.15 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2023 | 0.25 |
The correlation between WTID and DOG shifts across timeframes, from -0.15 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
WTID vs. DOG - Sectors Allocation Comparison
Sectors
WTID
DOG
Energy
-
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Financial Services
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Energy
WTID
DOG
-
Basic Materials
WTID
-
DOG
-
Communication Services
WTID
-
DOG
-
Consumer Cyclical
WTID
-
DOG
-
Consumer Defensive
WTID
-
DOG
-
Financial Services
WTID
-
DOG
Healthcare
WTID
-
DOG
-
Industrials
WTID
-
DOG
-
Real Estate
WTID
-
DOG
-
Technology
WTID
-
DOG
-
Utilities
WTID
-
DOG
-
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Return for Risk
WTID vs. DOG — Risk / Return Rank
WTID
DOG
WTID vs. DOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Energy -3X Inverse Leveraged ETN (WTID) and ProShares Short Dow30 (DOG). 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 | DOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.82 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | -1.05 | +0.07 |
| Martin ratioReturn relative to average drawdown | -1.49 | -1.87 | +0.38 |
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Drawdowns
WTID vs. DOG - Drawdown Comparison
The maximum WTID drawdown since its inception was -90.80%, roughly equal to the maximum DOG drawdown of -92.90%. Use the drawdown chart below to compare losses from any high point for WTID and DOG.
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Drawdown Indicators
| WTID | DOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.80% | -92.90% | +2.10% |
Max Drawdown (1Y)Largest decline over 1 year | -76.06% | -14.32% | -61.74% |
Max Drawdown (3Y)Largest decline over 3 years | -86.73% | -30.86% | -55.87% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.07% | — |
Current DrawdownCurrent decline from peak | -90.37% | -92.90% | +2.53% |
Average DrawdownAverage peak-to-trough decline | -55.96% | -66.59% | +10.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.62% | 8.65% | +40.97% |
Volatility
WTID vs. DOG - Volatility Comparison
MicroSectors Energy -3X Inverse Leveraged ETN (WTID) has a higher volatility of 23.44% compared to ProShares Short Dow30 (DOG) at 3.81%. This indicates that WTID's price experiences larger fluctuations and is considered to be riskier than DOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTID | DOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.44% | 3.81% | +19.63% |
Volatility (6M)Calculated over the trailing 6-month period | 56.62% | 10.01% | +46.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.15% | 12.57% | +56.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.60% | 14.84% | +55.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.60% | 17.50% | +53.10% |
WTID vs. DOG - Expense Ratio Comparison
Both WTID and DOG have an expense ratio of 0.95%.
Dividends
WTID vs. DOG - Dividend Comparison
WTID has not paid dividends to shareholders, while DOG's dividend yield for the trailing twelve months is around 3.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DOG ProShares Short Dow30 | 3.43% | 3.65% | 5.72% | 4.54% | 0.41% | 0.00% | 0.14% | 1.54% | 0.86% | 0.04% |
WTID MicroSectors Energy -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WTID and DOG have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTID has higher volatility (23.44%) compared to DOG (3.81%). In terms of maximum drawdown, WTID dropped -90.80% vs DOG's -92.90%.
On 3-year performance, DOG leads with -8.74% vs -45.60% for WTID. Both ETFs have the same 0.95% expense ratio. On volatility, DOG has been the lower-risk option at 3.81%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DOG has performed better with a -8.74% return vs -45.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WTID and DOG have the same expense ratio: 0.95% per year.
DOG has the higher dividend yield at 3.43%, compared with 0.00% for WTID.
WTID tracks Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%), while DOG tracks DJ Industrial Average (-100%). They also come from different issuers: REX and ProShares.
WTID currently has the higher Sharpe Ratio (-1.07 vs -1.20), 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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