WTID vs. MSFD
WTID (MicroSectors Energy -3X Inverse Leveraged ETN) and MSFD (Direxion Daily MSFT Bear 1X Shares) are both Inverse Equities funds - WTID tracks the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%) while MSFD tracks the Microsoft Corporation (-100%). Both are passively managed. Over the past 3 years, WTID returned -46.22%/yr vs -10.70%/yr for MSFD. Their -0.02 correlation means they have often moved in opposite directions in the past. WTID charges 0.95%/yr vs 1.06%/yr for MSFD.
Performance
WTID vs. MSFD - Performance Comparison
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Returns By Period
In the year-to-date period, WTID achieves a -68.79% return, which is significantly lower than MSFD's -1.78% return.
WTID
- 1D
- -3.52%
- 1M
- -35.82%
- 6M
- -55.84%
- YTD
- -68.79%
- 1Y
- -75.21%
- 3Y*
- -46.22%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -44.29%
MSFD
- 1D
- -2.88%
- 1M
- -18.05%
- 6M
- -11.78%
- YTD
- -1.78%
- 1Y
- 7.40%
- 3Y*
- -10.70%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -15.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $21.45M | $15.41M | $22.03M | |
| $185.33K | $206.49K | $638.90K |
WTID vs. MSFD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WTID MicroSectors Energy -3X Inverse Leveraged ETN | -68.79% | -44.50% | -7.93% | -16.93% |
MSFD Direxion Daily MSFT Bear 1X Shares | -1.78% | -13.36% | -7.86% | -26.72% |
Correlation
The correlation between WTID and MSFD is -0.09, 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. | -0.09 |
Correlation (3Y) Balances recent behavior with more history. | -0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2023 | -0.02 |
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Return for Risk
WTID vs. MSFD — Risk / Return Rank
WTID
MSFD
WTID vs. MSFD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Energy -3X Inverse Leveraged ETN (WTID) and Direxion Daily MSFT Bear 1X Shares (MSFD). 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 | MSFD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -2.77 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.09 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | 0.36 | -1.33 |
| Martin ratioReturn relative to average drawdown | -1.49 | 1.20 | -2.69 |
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Drawdowns
WTID vs. MSFD - Drawdown Comparison
The maximum WTID drawdown since its inception was -90.80%, which is greater than MSFD's maximum drawdown of -59.90%. Use the drawdown chart below to compare losses from any high point for WTID and MSFD.
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Drawdown Indicators
| WTID | MSFD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.80% | -59.90% | -30.90% |
Max Drawdown (1Y)Largest decline over 1 year | -76.06% | -26.54% | -49.52% |
Max Drawdown (3Y)Largest decline over 3 years | -86.73% | -40.50% | -46.23% |
Current DrawdownCurrent decline from peak | -90.80% | -55.70% | -35.10% |
Average DrawdownAverage peak-to-trough decline | -55.92% | -41.72% | -14.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.40% | 7.87% | +41.53% |
Volatility
WTID vs. MSFD - Volatility Comparison
MicroSectors Energy -3X Inverse Leveraged ETN (WTID) has a higher volatility of 22.47% compared to Direxion Daily MSFT Bear 1X Shares (MSFD) at 18.10%. This indicates that WTID's price experiences larger fluctuations and is considered to be riskier than MSFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTID | MSFD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.47% | 18.10% | +4.37% |
Volatility (6M)Calculated over the trailing 6-month period | 56.43% | 27.83% | +28.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.22% | 32.03% | +37.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.60% | 27.55% | +43.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.60% | 27.55% | +43.05% |
WTID vs. MSFD - Expense Ratio Comparison
WTID has a 0.95% expense ratio, which is lower than MSFD's 1.06% expense ratio.
Dividends
WTID vs. MSFD - Dividend Comparison
WTID has not paid dividends to shareholders, while MSFD's dividend yield for the trailing twelve months is around 4.02%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
MSFD Direxion Daily MSFT Bear 1X Shares | 4.02% | 3.33% | 4.46% | 4.43% | 0.74% |
WTID MicroSectors Energy -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WTID and MSFD have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTID has higher volatility (22.47%) compared to MSFD (18.10%). In terms of maximum drawdown, WTID dropped -90.80% vs MSFD's -59.90%.
On 3-year performance, MSFD leads with -10.70% vs -46.22% for WTID. On fees, WTID is cheaper at 0.95% per year. On volatility, MSFD has been the lower-risk option at 18.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, MSFD has performed better with a -10.70% return vs -46.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WTID is cheaper with a 0.95% expense ratio, compared with 1.06% for MSFD.
MSFD has the higher dividend yield at 4.02%, compared with 0.00% for WTID.
WTID tracks Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%), while MSFD tracks Microsoft Corporation (-100%). They also come from different issuers: REX and Direxion. Their fees differ too: 0.95% for WTID and 1.06% for MSFD.
MSFD currently has the higher Sharpe Ratio (0.30 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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