WTID vs. IEO
WTID (MicroSectors Energy -3X Inverse Leveraged ETN) and IEO (iShares U.S. Oil & Gas Exploration & Production ETF) are both exchange-traded funds - WTID is a Inverse Equities fund tracking the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%), while IEO is a Energy Equities fund tracking the Dow Jones U.S. Select Oil Exploration & Production Index. Both are passively managed. Over the past 3 years, WTID returned -45.60%/yr vs 12.01%/yr for IEO. Their -0.97 correlation means they have often moved in opposite directions in the past. WTID charges 0.95%/yr vs 0.38%/yr for IEO.
Performance
WTID vs. IEO - 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 IEO's 40.31% 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%
IEO
- 1D
- -1.56%
- 1M
- 12.30%
- 6M
- 30.88%
- YTD
- 40.31%
- 1Y
- 45.13%
- 3Y*
- 12.01%
- 5Y*
- 23.78%
- 10Y*
- 10.74%
- ALL TIME*
- 6.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.31M | $7.48M | $8.62M | |
| $198.95K | $195.92K | $630.81K |
WTID vs. IEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WTID MicroSectors Energy -3X Inverse Leveraged ETN | -67.32% | -44.50% | -7.93% | -16.93% |
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 40.31% | 2.15% | -1.45% | 1.81% |
Correlation
The correlation between WTID and IEO is -0.97, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.97 |
Correlation (3Y) Balances recent behavior with more history. | -0.97 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2023 | -0.97 |
The correlation between WTID and IEO has been stable across timeframes, ranging from -0.97 to -0.97 - a consistent structural relationship.
WTID vs. IEO - Sectors Allocation Comparison
Sectors
WTID
IEO
Energy
Basic Materials
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Financial Services
-
-
Healthcare
-
-
Industrials
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Energy
WTID
IEO
Basic Materials
WTID
-
IEO
Communication Services
WTID
-
IEO
-
Consumer Cyclical
WTID
-
IEO
-
Consumer Defensive
WTID
-
IEO
-
Financial Services
WTID
-
IEO
-
Healthcare
WTID
-
IEO
-
Industrials
WTID
-
IEO
Real Estate
WTID
-
IEO
-
Technology
WTID
-
IEO
-
Utilities
WTID
-
IEO
-
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Return for Risk
WTID vs. IEO — Risk / Return Rank
WTID
IEO
WTID vs. IEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Energy -3X Inverse Leveraged ETN (WTID) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO). 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 | IEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.84 | ||
| Sortino ratioReturn per unit of downside risk | -4.48 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.28 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 2.78 | -3.75 |
| Martin ratioReturn relative to average drawdown | -1.49 | 6.95 | -8.44 |
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Drawdowns
WTID vs. IEO - Drawdown Comparison
The maximum WTID drawdown since its inception was -90.80%, which is greater than IEO's maximum drawdown of -79.17%. Use the drawdown chart below to compare losses from any high point for WTID and IEO.
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Drawdown Indicators
| WTID | IEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.80% | -79.17% | -11.63% |
Max Drawdown (1Y)Largest decline over 1 year | -76.06% | -16.32% | -59.74% |
Max Drawdown (3Y)Largest decline over 3 years | -86.73% | -31.46% | -55.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.00% | — |
Current DrawdownCurrent decline from peak | -90.37% | -3.36% | -87.01% |
Average DrawdownAverage peak-to-trough decline | -55.96% | -26.13% | -29.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.62% | 6.51% | +43.11% |
Volatility
WTID vs. IEO - Volatility Comparison
MicroSectors Energy -3X Inverse Leveraged ETN (WTID) has a higher volatility of 23.44% compared to iShares U.S. Oil & Gas Exploration & Production ETF (IEO) at 7.79%. This indicates that WTID's price experiences larger fluctuations and is considered to be riskier than IEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTID | IEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.44% | 7.79% | +15.65% |
Volatility (6M)Calculated over the trailing 6-month period | 56.62% | 20.54% | +36.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.15% | 25.78% | +43.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.60% | 30.26% | +40.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.60% | 34.91% | +35.69% |
WTID vs. IEO - Expense Ratio Comparison
WTID has a 0.95% expense ratio, which is higher than IEO's 0.38% expense ratio.
Dividends
WTID vs. IEO - Dividend Comparison
WTID has not paid dividends to shareholders, while IEO's dividend yield for the trailing twelve months is around 1.88%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 1.88% | 2.61% | 2.63% | 3.00% | 3.77% | 2.62% | 3.17% | 1.85% | 1.67% | 0.94% | 0.98% | 2.03% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
WTID and IEO have a correlation of -0.97, 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 IEO (7.79%). In terms of maximum drawdown, WTID dropped -90.80% vs IEO's -79.17%.
On 3-year performance, IEO leads with 12.01% vs -45.60% for WTID. On fees, IEO is cheaper at 0.38% per year. On volatility, IEO has been the lower-risk option at 7.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IEO has performed better with a 12.01% return vs -45.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IEO is cheaper with a 0.38% expense ratio, compared with 0.95% for WTID.
IEO has the higher dividend yield at 1.88%, compared with 0.00% for WTID.
WTID is categorized as Inverse Equities, while IEO is Energy Equities. WTID tracks Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%), while IEO tracks Dow Jones U.S. Select Oil Exploration & Production Index. They also come from different issuers: REX and iShares. Their fees differ too: 0.95% for WTID and 0.38% for IEO.
IEO currently has the higher Sharpe Ratio (1.76 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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