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 -47.07%/yr vs -2.74%/yr for EMTY. At a 0.21 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 -61.80% return, which is significantly lower than EMTY's 1.45% return.
WTID
- 1D
- -0.49%
- 1M
- -6.34%
- 6M
- -56.54%
- YTD
- -61.80%
- 1Y
- -66.12%
- 3Y*
- -47.07%
- 5Y*
- —
- 10Y*
- —
EMTY
- 1D
- 0.78%
- 1M
- 4.60%
- 6M
- 9.06%
- YTD
- 1.45%
- 1Y
- 5.17%
- 3Y*
- -2.74%
- 5Y*
- -2.54%
- 10Y*
- —
WTID vs. EMTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WTID MicroSectors Energy -3X Inverse Leveraged ETN | -61.80% | -44.50% | -7.93% | -16.93% |
EMTY ProShares Decline of the Retail Store ETF | 1.45% | -1.76% | -4.13% | 7.85% |
Correlation
The correlation between WTID and EMTY is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2023 | 0.21 |
The correlation between WTID and EMTY shifts across timeframes, from -0.02 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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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 | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.06 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 0.37 | -1.26 |
| Martin ratioReturn relative to average drawdown | -1.42 | 0.80 | -2.22 |
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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 | -87.36% | -30.83% | -56.53% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.83% | — |
Current DrawdownCurrent decline from peak | -88.75% | -74.68% | -14.07% |
Average DrawdownAverage peak-to-trough decline | -55.40% | -54.52% | -0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.49% | 6.48% | +40.01% |
Volatility
WTID vs. EMTY - Volatility Comparison
MicroSectors Energy -3X Inverse Leveraged ETN (WTID) has a higher volatility of 23.57% compared to ProShares Decline of the Retail Store ETF (EMTY) at 5.67%. 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 | 23.57% | 5.67% | +17.90% |
Volatility (6M)Calculated over the trailing 6-month period | 55.51% | 13.05% | +42.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.48% | 18.06% | +50.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.61% | 22.40% | +48.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.61% | 25.60% | +45.01% |
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 3.21%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EMTY ProShares Decline of the Retail Store ETF | 3.21% | 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 -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTID has higher volatility (23.57%) compared to EMTY (5.67%). In terms of maximum drawdown, WTID dropped -90.35% vs EMTY's -77.62%.
On 3-year performance, EMTY leads with -2.74% vs -47.07% for WTID. On fees, EMTY is cheaper at 0.66% per year. On volatility, EMTY has been the lower-risk option at 5.67%. 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 -2.74% return vs -47.07%. 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 3.21%, 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 (0.29 vs -0.97), 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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