WTID vs. FTGC
WTID (MicroSectors Energy -3X Inverse Leveraged ETN) and FTGC (First Trust Global Tactical Commodity Strategy Fund) are both exchange-traded funds - WTID is a Inverse Equities fund tracking the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%), while FTGC is a Commodities fund actively managed by First Trust. WTID is passively managed, while FTGC is actively managed. Over the past 3 years, WTID returned -46.15%/yr vs 14.26%/yr for FTGC. At a correlation of -0.55, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
WTID vs. FTGC - Performance Comparison
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Returns By Period
In the year-to-date period, WTID achieves a -53.52% return, which is significantly lower than FTGC's 18.86% return.
WTID
- 1D
- -1.82%
- 1M
- 20.85%
- YTD
- -53.52%
- 6M
- -54.10%
- 1Y
- -61.42%
- 3Y*
- -46.15%
- 5Y*
- —
- 10Y*
- —
FTGC
- 1D
- -1.14%
- 1M
- -7.37%
- YTD
- 18.86%
- 6M
- 17.54%
- 1Y
- 28.18%
- 3Y*
- 14.26%
- 5Y*
- 12.29%
- 10Y*
- 7.15%
WTID vs. FTGC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WTID MicroSectors Energy -3X Inverse Leveraged ETN | -53.52% | -44.50% | -7.93% | -16.93% |
FTGC First Trust Global Tactical Commodity Strategy Fund | 18.86% | 14.61% | 9.96% | -3.90% |
Correlation
The correlation between WTID and FTGC is -0.59, 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 | -0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.54 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2023 | -0.55 |
The correlation between WTID and FTGC has been stable across timeframes, ranging from -0.59 to -0.54 - a consistent structural relationship.
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Return for Risk
WTID vs. FTGC — Risk / Return Rank
WTID
FTGC
WTID vs. FTGC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Energy -3X Inverse Leveraged ETN (WTID) and First Trust Global Tactical Commodity Strategy Fund (FTGC). 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 | FTGC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.74 | ||
| Sortino ratioReturn per unit of downside risk | -3.99 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.32 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 2.60 | -3.43 |
| Martin ratioReturn relative to average drawdown | -1.40 | 9.67 | -11.06 |
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Drawdowns
WTID vs. FTGC - Drawdown Comparison
The maximum WTID drawdown since its inception was -90.35%, which is greater than FTGC's maximum drawdown of -59.47%. Use the drawdown chart below to compare losses from any high point for WTID and FTGC.
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Drawdown Indicators
| WTID | FTGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.35% | -59.47% | -30.88% |
Max Drawdown (1Y)Largest decline over 1 year | -74.87% | -10.87% | -64.00% |
Max Drawdown (3Y)Largest decline over 3 years | -88.99% | -10.87% | -78.12% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.91% | — |
Current DrawdownCurrent decline from peak | -86.31% | -10.87% | -75.44% |
Average DrawdownAverage peak-to-trough decline | -54.89% | -27.34% | -27.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.00% | 2.94% | +41.06% |
Volatility
WTID vs. FTGC - Volatility Comparison
MicroSectors Energy -3X Inverse Leveraged ETN (WTID) has a higher volatility of 22.02% compared to First Trust Global Tactical Commodity Strategy Fund (FTGC) at 3.07%. This indicates that WTID's price experiences larger fluctuations and is considered to be riskier than FTGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTID | FTGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.02% | 3.07% | +18.95% |
Volatility (6M)Calculated over the trailing 6-month period | 54.34% | 13.21% | +41.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.79% | 15.70% | +52.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.49% | 15.87% | +54.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.49% | 14.71% | +55.78% |
WTID vs. FTGC - Expense Ratio Comparison
Both WTID and FTGC have an expense ratio of 0.95%.
Dividends
WTID vs. FTGC - Dividend Comparison
WTID has not paid dividends to shareholders, while FTGC's dividend yield for the trailing twelve months is around 16.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FTGC First Trust Global Tactical Commodity Strategy Fund | 16.13% | 17.74% | 3.05% | 3.34% | 10.35% | 7.21% | 0.00% | 0.81% | 0.80% | 1.21% |
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 FTGC have a correlation of -0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTID has higher volatility (22.02%) compared to FTGC (3.07%). In terms of maximum drawdown, WTID dropped -90.35% vs FTGC's -59.47%.
On 3-year performance, FTGC leads with 14.26% vs -46.15% for WTID. Both ETFs have the same 0.95% expense ratio. On volatility, FTGC has been the lower-risk option at 3.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FTGC has performed better with a 14.26% return vs -46.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WTID and FTGC have the same expense ratio: 0.95% per year.
FTGC has the higher dividend yield at 16.13%, compared with 0.00% for WTID.
WTID is categorized as Inverse Equities, while FTGC is Commodities. They also come from different issuers: REX and First Trust.
FTGC currently has the higher Sharpe Ratio (1.82 vs -0.92), 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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