WTID vs. EMTY
WTID (MicroSectors Energy -3X Inverse Leveraged ETN) and EMTY (ProShares Decline of the Retail Store ETF) are both Inverse Equities funds - WTID tracks the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%) while EMTY tracks the Solactive-ProShares Bricks and Mortar Retail Store Index (-100%). Both are passively managed. Over the past 3 years, WTID returned -45.26%/yr vs -4.59%/yr for EMTY. At a 0.22 correlation, their price movements are largely independent. WTID charges 0.95%/yr vs 0.66%/yr for EMTY.
Performance
WTID vs. EMTY - Performance Comparison
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Returns By Period
In the year-to-date period, WTID achieves a -51.19% return, which is significantly lower than EMTY's -2.71% return.
WTID
- 1D
- 5.01%
- 1M
- 26.91%
- YTD
- -51.19%
- 6M
- -52.60%
- 1Y
- -61.21%
- 3Y*
- -45.26%
- 5Y*
- —
- 10Y*
- —
EMTY
- 1D
- -3.09%
- 1M
- -2.77%
- YTD
- -2.71%
- 6M
- -0.92%
- 1Y
- -3.78%
- 3Y*
- -4.59%
- 5Y*
- -3.03%
- 10Y*
- —
WTID vs. EMTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WTID MicroSectors Energy -3X Inverse Leveraged ETN | -51.19% | -44.50% | -7.93% | -16.93% |
EMTY ProShares Decline of the Retail Store ETF | -2.71% | -1.76% | -4.13% | 7.85% |
Correlation
The correlation between WTID and EMTY is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2023 | 0.22 |
Over the past year, the correlation between WTID and EMTY has dropped to 0.00 - well below their long-term average of 0.22, suggesting their price drivers have been diverging.
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Return for Risk
WTID vs. EMTY — Risk / Return Rank
WTID
EMTY
WTID vs. EMTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Energy -3X Inverse Leveraged ETN (WTID) and ProShares Decline of the Retail Store ETF (EMTY). 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 | EMTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.98 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.27 | -0.55 |
| Martin ratioReturn relative to average drawdown | -1.39 | -0.52 | -0.87 |
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Drawdowns
WTID vs. EMTY - Drawdown Comparison
The maximum WTID drawdown since its inception was -90.35%, which is greater than EMTY's maximum drawdown of -77.62%. Use the drawdown chart below to compare losses from any high point for WTID and EMTY.
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Drawdown Indicators
| WTID | EMTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.35% | -77.62% | -12.73% |
Max Drawdown (1Y)Largest decline over 1 year | -74.87% | -13.91% | -60.96% |
Max Drawdown (3Y)Largest decline over 3 years | -88.44% | -30.83% | -57.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.83% | — |
Current DrawdownCurrent decline from peak | -85.62% | -75.72% | -9.90% |
Average DrawdownAverage peak-to-trough decline | -54.92% | -54.40% | -0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.18% | 7.28% | +36.90% |
Volatility
WTID vs. EMTY - Volatility Comparison
MicroSectors Energy -3X Inverse Leveraged ETN (WTID) has a higher volatility of 22.23% compared to ProShares Decline of the Retail Store ETF (EMTY) at 6.07%. This indicates that WTID's price experiences larger fluctuations and is considered to be riskier than EMTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTID | EMTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.23% | 6.07% | +16.16% |
Volatility (6M)Calculated over the trailing 6-month period | 54.62% | 13.18% | +41.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.44% | 17.97% | +49.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.50% | 22.40% | +48.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.50% | 25.65% | +44.85% |
WTID vs. EMTY - Expense Ratio Comparison
WTID has a 0.95% expense ratio, which is higher than EMTY's 0.66% expense ratio.
Dividends
WTID vs. EMTY - Dividend Comparison
WTID has not paid dividends to shareholders, while EMTY's dividend yield for the trailing twelve months is around 3.59%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EMTY ProShares Decline of the Retail Store ETF | 3.59% | 3.83% | 6.00% | 4.41% | 0.65% | 0.00% | 0.07% | 0.82% | 0.62% | 0.03% |
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 EMTY have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTID has higher volatility (22.23%) compared to EMTY (6.07%). In terms of maximum drawdown, WTID dropped -90.35% vs EMTY's -77.62%.
On 3-year performance, EMTY leads with -4.59% vs -45.26% for WTID. On fees, EMTY is cheaper at 0.66% per year. On volatility, EMTY has been the lower-risk option at 6.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, EMTY has performed better with a -4.59% return vs -45.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EMTY is cheaper with a 0.66% expense ratio, compared with 0.95% for WTID.
EMTY has the higher dividend yield at 3.59%, compared with 0.00% for WTID.
WTID tracks Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%), while EMTY tracks Solactive-ProShares Bricks and Mortar Retail Store Index (-100%). They also come from different issuers: REX and ProShares. Their fees differ too: 0.95% for WTID and 0.66% for EMTY.
EMTY currently has the higher Sharpe Ratio (-0.21 vs -0.91), 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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