WTID vs. MSFD
Compare and contrast key facts about MicroSectors Energy -3X Inverse Leveraged ETN (WTID) and Direxion Daily MSFT Bear 1X Shares (MSFD).
WTID and MSFD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WTID is a passively managed fund by REX that tracks the performance of the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). It was launched on Feb 16, 2023. MSFD is a passively managed fund by Direxion that tracks the performance of the Microsoft Corporation (-100%). It was launched on Sep 6, 2022. Both WTID and MSFD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
WTID vs. MSFD - Performance Comparison
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WTID vs. MSFD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WTID MicroSectors Energy -3X Inverse Leveraged ETN | -64.82% | -44.50% | -7.93% | -17.12% |
MSFD Direxion Daily MSFT Bear 1X Shares | 28.73% | -13.36% | -7.86% | -27.41% |
Returns By Period
In the year-to-date period, WTID achieves a -64.82% return, which is significantly lower than MSFD's 28.73% return.
WTID
- 1D
- 4.88%
- 1M
- -34.34%
- YTD
- -64.82%
- 6M
- -65.12%
- 1Y
- -73.42%
- 3Y*
- -48.22%
- 5Y*
- —
- 10Y*
- —
MSFD
- 1D
- -3.15%
- 1M
- 6.11%
- YTD
- 28.73%
- 6M
- 38.42%
- 1Y
- -0.32%
- 3Y*
- -7.18%
- 5Y*
- —
- 10Y*
- —
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WTID vs. MSFD - Expense Ratio Comparison
WTID has a 0.95% expense ratio, which is lower than MSFD's 1.06% expense ratio.
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.
| WTID | MSFD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.91 | -0.01 | -0.90 |
Sortino ratioReturn per unit of downside risk | -1.81 | 0.17 | -1.98 |
Omega ratioGain probability vs. loss probability | 0.80 | 1.02 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | -0.86 | 0.02 | -0.88 |
Martin ratioReturn relative to average drawdown | -1.33 | 0.03 | -1.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WTID | MSFD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.91 | -0.01 | -0.90 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.66 | -0.39 | -0.27 |
Correlation
The correlation between WTID and MSFD is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
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 2.43%.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WTID MicroSectors Energy -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MSFD Direxion Daily MSFT Bear 1X Shares | 2.43% | 3.33% | 4.46% | 4.43% | 0.74% |
Drawdowns
WTID vs. MSFD - Drawdown Comparison
The maximum WTID drawdown since its inception was -90.35%, 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 | -90.35% | -59.90% | -30.45% |
Max Drawdown (1Y)Largest decline over 1 year | -86.07% | -34.84% | -51.23% |
Current DrawdownCurrent decline from peak | -89.63% | -41.94% | -47.69% |
Average DrawdownAverage peak-to-trough decline | -52.57% | -41.28% | -11.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.03% | 25.22% | +30.81% |
Volatility
WTID vs. MSFD - Volatility Comparison
MicroSectors Energy -3X Inverse Leveraged ETN (WTID) has a higher volatility of 17.45% compared to Direxion Daily MSFT Bear 1X Shares (MSFD) at 6.60%. 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 | 17.45% | 6.60% | +10.85% |
Volatility (6M)Calculated over the trailing 6-month period | 44.85% | 18.84% | +26.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.62% | 26.78% | +53.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.06% | 25.77% | +43.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.06% | 25.77% | +43.29% |