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 -45.60%/yr vs -4.31%/yr for EMTY. Their 0.20 correlation means their historical movements had little consistent relationship. 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 -67.32% return, which is significantly lower than EMTY's -4.47% 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%
EMTY
- 1D
- -2.25%
- 1M
- -2.95%
- 6M
- 1.80%
- YTD
- -4.47%
- 1Y
- -2.51%
- 3Y*
- -4.31%
- 5Y*
- -3.74%
- 10Y*
- —
- ALL TIME*
- -11.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $19.65K | $31.10K | $48.52K | |
| $198.95K | $195.92K | $630.81K |
WTID vs. EMTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WTID MicroSectors Energy -3X Inverse Leveraged ETN | -67.32% | -44.50% | -7.93% | -16.93% |
EMTY ProShares Decline of the Retail Store ETF | -4.47% | -1.76% | -4.13% | 7.85% |
Correlation
The correlation between WTID and EMTY is -0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2023 | 0.20 |
The correlation between WTID and EMTY shifts across timeframes, from -0.06 (1 year) to 0.20 (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 | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.99 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | -0.18 | -0.79 |
| Martin ratioReturn relative to average drawdown | -1.49 | -0.39 | -1.10 |
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Drawdowns
WTID vs. EMTY - Drawdown Comparison
The maximum WTID drawdown since its inception was -90.80%, 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 | -90.80% | -77.62% | -13.18% |
Max Drawdown (1Y)Largest decline over 1 year | -76.06% | -13.91% | -62.15% |
Max Drawdown (3Y)Largest decline over 3 years | -86.73% | -30.83% | -55.90% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.83% | — |
Current DrawdownCurrent decline from peak | -90.37% | -76.16% | -14.21% |
Average DrawdownAverage peak-to-trough decline | -55.96% | -54.66% | -1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.62% | 6.52% | +43.10% |
Volatility
WTID vs. EMTY - Volatility Comparison
MicroSectors Energy -3X Inverse Leveraged ETN (WTID) has a higher volatility of 23.44% compared to ProShares Decline of the Retail Store ETF (EMTY) at 6.89%. 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 | 23.44% | 6.89% | +16.55% |
Volatility (6M)Calculated over the trailing 6-month period | 56.62% | 13.96% | +42.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.15% | 18.51% | +50.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.60% | 22.49% | +48.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.60% | 25.60% | +45.00% |
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 3.41%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EMTY ProShares Decline of the Retail Store ETF | 3.41% | 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 -0.06, 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 EMTY (6.89%). In terms of maximum drawdown, WTID dropped -90.80% vs EMTY's -77.62%.
On 3-year performance, EMTY leads with -4.31% vs -45.60% for WTID. On fees, EMTY is cheaper at 0.66% per year. On volatility, EMTY has been the lower-risk option at 6.89%. 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 -4.31% return vs -45.60%. 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 3.41%, 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 (-0.14 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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