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WTID vs. IEZ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WTID vs. IEZ

Last updated Jun 24, 2026

WTID (MicroSectors Energy -3X Inverse Leveraged ETN) and IEZ (iShares U.S. Oil Equipment & Services ETF) are both exchange-traded funds - WTID is a Inverse Equities fund tracking the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%), while IEZ is a Energy Equities fund tracking the Dow Jones U.S. Select Oil Equipment & Services Index. Both are passively managed. Over the past 3 years, WTID returned -46.15%/yr vs 15.70%/yr for IEZ. At a correlation of -0.75, they often move in opposite directions. WTID charges 0.95%/yr vs 0.42%/yr for IEZ.

Performance

WTID vs. IEZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Energy -3X Inverse Leveraged ETN (WTID) and iShares U.S. Oil Equipment & Services ETF (IEZ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, WTID achieves a -53.52% return, which is significantly lower than IEZ's 33.32% return.

WTID

1D
-1.82%
1M
20.85%
YTD
-53.52%
6M
-54.10%
1Y
-61.42%
3Y*
-46.15%
5Y*
—
10Y*
—

IEZ

1D
-0.72%
1M
-12.99%
YTD
33.32%
6M
33.77%
1Y
64.80%
3Y*
15.70%
5Y*
12.80%
10Y*
-1.46%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WTID vs. IEZ - Yearly Performance Comparison

2026 (YTD)202520242023
WTID
MicroSectors Energy -3X Inverse Leveraged ETN		-53.52%-44.50%-7.93%-16.93%
IEZ
iShares U.S. Oil Equipment & Services ETF		33.32%7.51%-8.15%-3.62%

Correlation

The correlation between WTID and IEZ is -0.64, 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

-0.64

Correlation (3Y)
Calculated over the trailing 3-year period

-0.73

Correlation (All Time)
Calculated using the full available price history since Feb 15, 2023

-0.75

The correlation between WTID and IEZ shifts across timeframes, from -0.75 (all time) to -0.64 (1 year), reflecting how their relationship changes across market environments.

WTID vs. IEZ - Sectors Allocation Comparison

Sectors
WTID
IEZ

Energy

100.0%
99.3%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

0.7%

Real Estate

-

-

Technology

-

-

Utilities

-

1.0%

Energy

WTID
100.0%
IEZ
99.3%

Basic Materials

WTID

-

IEZ

-

Communication Services

WTID

-

IEZ

-

Consumer Cyclical

WTID

-

IEZ

-

Consumer Defensive

WTID

-

IEZ

-

Financial Services

WTID

-

IEZ

-

Healthcare

WTID

-

IEZ

-

Industrials

WTID

-

IEZ
0.7%

Real Estate

WTID

-

IEZ

-

Technology

WTID

-

IEZ

-

Utilities

WTID

-

IEZ
1.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

MicroSectors Energy -3X Inverse Leveraged ETN

iShares U.S. Oil Equipment & Services ETF

Often compared with WTID:
WTID vs. USOWTID vs. SCOWTID vs. SEFWTID vs. BMNUWTID vs. MSFDWTID vs. BTCLWTID vs. BRKD
Often compared with IEZ:
IEZ vs. XESIEZ vs. XOPIEZ vs. FCGIEZ vs. EZUIEZ vs. IEOIEZ vs. IBBQIEZ vs. USO

Return for Risk

WTID vs. IEZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WTID
WTID Risk / Return Rank: 22
Overall Rank
WTID Sharpe Ratio Rank: 22
Sharpe Ratio Rank
WTID Sortino Ratio Rank: 11
Sortino Ratio Rank
WTID Omega Ratio Rank: 22
Omega Ratio Rank
WTID Calmar Ratio Rank: 22
Calmar Ratio Rank
WTID Martin Ratio Rank: 22
Martin Ratio Rank
IEZ
IEZ Risk / Return Rank: 7474
Overall Rank
IEZ Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
IEZ Sortino Ratio Rank: 6767
Sortino Ratio Rank
IEZ Omega Ratio Rank: 6363
Omega Ratio Rank
IEZ Calmar Ratio Rank: 8484
Calmar Ratio Rank
IEZ Martin Ratio Rank: 8181
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WTID vs. IEZ - 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 Equipment & Services ETF (IEZ). 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.

WTIDIEZDifference
Sharpe ratioReturn per unit of total volatility
-0.92
2.23

-3.15

Sortino ratioReturn per unit of downside risk
-1.53
2.91

-4.44

Omega ratioGain probability vs. loss probability

0.84

1.36

-0.52

Calmar ratioReturn relative to maximum drawdown

-0.82

4.35

-5.17

Martin ratioReturn relative to average drawdown

-1.40

15.22

-16.62

WTID vs. IEZ - Sharpe Ratio Comparison

The current WTID Sharpe Ratio is -0.92, which is lower than the IEZ Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of WTID and IEZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

WTID vs. IEZ - Drawdown Comparison

The maximum WTID drawdown since its inception was -90.35%, roughly equal to the maximum IEZ drawdown of -92.52%. Use the drawdown chart below to compare losses from any high point for WTID and IEZ.

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Drawdown Indicators

WTIDIEZDifference

Max Drawdown

Largest peak-to-trough decline

-90.35%

-92.52%

+2.17%

Max Drawdown (1Y)

Largest decline over 1 year

-74.87%

-14.97%

-59.90%

Max Drawdown (3Y)

Largest decline over 3 years

-88.99%

-40.25%

-48.74%

Max Drawdown (5Y)

Largest decline over 5 years

—

-40.25%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-88.29%

—

Current Drawdown

Current decline from peak

-86.31%

-56.00%

-30.31%

Average Drawdown

Average peak-to-trough decline

-54.89%

-48.26%

-6.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

44.00%

4.27%

+39.73%

Volatility

WTID vs. IEZ - Volatility Comparison

MicroSectors Energy -3X Inverse Leveraged ETN (WTID) has a higher volatility of 22.02% compared to iShares U.S. Oil Equipment & Services ETF (IEZ) at 9.89%. This indicates that WTID's price experiences larger fluctuations and is considered to be riskier than IEZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

WTIDIEZDifference

Volatility (1M)

Calculated over the trailing 1-month period

22.02%

9.89%

+12.13%

Volatility (6M)

Calculated over the trailing 6-month period

54.34%

20.84%

+33.50%

Volatility (1Y)

Calculated over the trailing 1-year period

67.79%

29.51%

+38.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

70.49%

36.32%

+34.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

70.49%

41.52%

+28.97%

WTID vs. IEZ - Expense Ratio Comparison

WTID has a 0.95% expense ratio, which is higher than IEZ's 0.42% expense ratio.

Dividends

WTID vs. IEZ - Dividend Comparison

WTID has not paid dividends to shareholders, while IEZ's dividend yield for the trailing twelve months is around 1.24%.

PositionTTM20252024202320222021202020192018201720162015
IEZ
iShares U.S. Oil Equipment & Services ETF		1.24%1.87%1.76%0.97%0.65%1.20%2.07%2.28%1.81%3.42%0.91%2.40%
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 IEZ have a correlation of -0.64, 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 IEZ (9.89%). In terms of maximum drawdown, WTID dropped -90.35% vs IEZ's -92.52%.

On 3-year performance, IEZ leads with 15.70% vs -46.15% for WTID. On fees, IEZ is cheaper at 0.42% per year. On volatility, IEZ has been the lower-risk option at 9.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, IEZ has performed better with a 15.70% return vs -46.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IEZ is cheaper with a 0.42% expense ratio, compared with 0.95% for WTID.

IEZ has the higher dividend yield at 1.24%, compared with 0.00% for WTID.

WTID is categorized as Inverse Equities, while IEZ is Energy Equities. WTID tracks Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%), while IEZ tracks Dow Jones U.S. Select Oil Equipment & Services Index. They also come from different issuers: REX and iShares. Their fees differ too: 0.95% for WTID and 0.42% for IEZ.

IEZ currently has the higher Sharpe Ratio (2.23 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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