WTID vs. EFZ
WTID (MicroSectors Energy -3X Inverse Leveraged ETN) and EFZ (ProShares Short MSCI EAFE) are both Inverse Equities funds - WTID tracks the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%) while EFZ tracks the MSCI EAFE Index (-100%). Both are passively managed. Over the past 3 years, WTID returned -48.40%/yr vs -9.77%/yr for EFZ. At a 0.18 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.
Performance
WTID vs. EFZ - Performance Comparison
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Returns By Period
In the year-to-date period, WTID achieves a -62.23% return, which is significantly lower than EFZ's -6.98% return.
WTID
- 1D
- -3.31%
- 1M
- -1.13%
- YTD
- -62.23%
- 6M
- -57.99%
- 1Y
- -72.92%
- 3Y*
- -48.40%
- 5Y*
- —
- 10Y*
- —
EFZ
- 1D
- 0.88%
- 1M
- -3.23%
- YTD
- -6.98%
- 6M
- -8.53%
- 1Y
- -14.24%
- 3Y*
- -9.77%
- 5Y*
- -5.38%
- 10Y*
- -8.29%
WTID vs. EFZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WTID MicroSectors Energy -3X Inverse Leveraged ETN | -62.23% | -44.50% | -7.93% | -17.12% |
EFZ ProShares Short MSCI EAFE | -6.98% | -20.92% | 2.90% | -3.27% |
Correlation
The correlation between WTID and EFZ is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2023 | 0.18 |
The correlation between WTID and EFZ shifts across timeframes, from -0.11 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WTID vs. EFZ — Risk / Return Rank
WTID
EFZ
WTID vs. EFZ - 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 MSCI EAFE (EFZ). 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.
| WTID | EFZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.86 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | -0.82 | -0.11 |
| Martin ratioReturn relative to average drawdown | -1.55 | -1.47 | -0.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WTID | EFZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.10 | -0.88 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.32 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.61 | -0.34 | -0.27 |
Drawdowns
WTID vs. EFZ - Drawdown Comparison
The maximum WTID drawdown since its inception was -90.35%, roughly equal to the maximum EFZ drawdown of -88.08%. Use the drawdown chart below to compare losses from any high point for WTID and EFZ.
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Drawdown Indicators
| WTID | EFZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.35% | -88.08% | -2.27% |
Max Drawdown (1Y)Largest decline over 1 year | -78.12% | -17.36% | -60.76% |
Max Drawdown (3Y)Largest decline over 3 years | -88.99% | -35.42% | -53.57% |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.77% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.88% | — |
Current DrawdownCurrent decline from peak | -88.87% | -87.82% | -1.05% |
Average DrawdownAverage peak-to-trough decline | -54.44% | -67.08% | +12.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.10% | 9.71% | +37.39% |
Volatility
WTID vs. EFZ - Volatility Comparison
MicroSectors Energy -3X Inverse Leveraged ETN (WTID) has a higher volatility of 25.63% compared to ProShares Short MSCI EAFE (EFZ) at 5.19%. This indicates that WTID's price experiences larger fluctuations and is considered to be riskier than EFZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTID | EFZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.63% | 5.19% | +20.44% |
Volatility (6M)Calculated over the trailing 6-month period | 53.59% | 13.49% | +40.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.54% | 16.35% | +50.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.34% | 16.72% | +53.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.34% | 17.38% | +52.96% |
WTID vs. EFZ - Expense Ratio Comparison
Both WTID and EFZ have an expense ratio of 0.95%.
Dividends
WTID vs. EFZ - Dividend Comparison
WTID has not paid dividends to shareholders, while EFZ's dividend yield for the trailing twelve months is around 4.04%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EFZ ProShares Short MSCI EAFE | 4.04% | 4.55% | 5.29% | 4.66% | 0.57% | 0.00% | 0.04% | 1.56% | 0.34% |
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% |
Frequently Asked Questions
WTID and EFZ have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTID has higher volatility (25.63%) compared to EFZ (5.19%). In terms of maximum drawdown, WTID dropped -90.35% vs EFZ's -88.08%.
On 3-year performance, EFZ leads with -9.77% vs -48.40% for WTID. Both ETFs have the same 0.95% expense ratio. On volatility, EFZ has been the lower-risk option at 5.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, EFZ has performed better with a -9.77% return vs -48.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WTID and EFZ have the same expense ratio: 0.95% per year.
EFZ has the higher dividend yield at 4.04%, compared with 0.00% for WTID.
WTID tracks Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%), while EFZ tracks MSCI EAFE Index (-100%). They also come from different issuers: REX and ProShares.
EFZ currently has the higher Sharpe Ratio (-0.88 vs -1.10), 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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