WTID vs. ORCS

Last updated Jul 15, 2026

WTID (MicroSectors Energy -3X Inverse Leveraged ETN) and ORCS (Direxion Daily ORCL Bear 1X ETF) are both Inverse Equities funds. WTID is passively managed, while ORCS is actively managed. At a correlation of -0.11, they often move in opposite directions. WTID charges 0.95%/yr vs 0.97%/yr for ORCS.

Performance

WTID vs. ORCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Energy -3X Inverse Leveraged ETN (WTID) and Direxion Daily ORCL Bear 1X ETF (ORCS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WTID achieves a -61.80% return, which is significantly lower than ORCS's 29.11% return.

WTID

• 1D: -0.49%
• 1M: -6.34%
• 6M: -56.54%
• YTD: -61.80%
• 1Y: -66.12%
• 3Y*: -47.07%
• 5Y*: —
• 10Y*: —

ORCS

• 1D: 2.88%
• 1M: 40.95%
• 6M: 34.55%
• YTD: 29.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

WTID vs. ORCS - Yearly Performance Comparison

	2026 (YTD)	2025
WTID MicroSectors Energy -3X Inverse Leveraged ETN	-61.80%	8.48%
ORCS Direxion Daily ORCL Bear 1X ETF	29.11%	11.07%

Correlation

The correlation between WTID and ORCS is -0.11, 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 (All Time) Calculated using the full available price history since Nov 19, 2025	-0.11

Return for Risk

WTID vs. ORCS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WTID

WTID Risk / Return Rank: 2
WTID Sharpe Ratio Rank: 2
WTID Sortino Ratio Rank: 1
WTID Omega Ratio Rank: 2
WTID Calmar Ratio Rank: 2
WTID Martin Ratio Rank: 1

ORCS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. ORCS - 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 ORCL Bear 1X ETF (ORCS). 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	ORCS	Difference
Sharpe ratio: Return per unit of total volatility	-0.97	—	—
Sortino ratio: Return per unit of downside risk	-1.72	—	—
Omega ratio: Gain probability vs. loss probability	0.82	—	—
Calmar ratio: Return relative to maximum drawdown	-0.89	—	—
Martin ratio: Return relative to average drawdown	-1.42	—	—

Drawdowns

WTID vs. ORCS - Drawdown Comparison

The maximum WTID drawdown since its inception was -90.35%, which is greater than ORCS's maximum drawdown of -50.25%. Use the drawdown chart below to compare losses from any high point for WTID and ORCS.

Drawdown Indicators

	WTID	ORCS	Difference
Max Drawdown Largest peak-to-trough decline	-90.35%	-50.25%	-40.10%
Max Drawdown (1Y) Largest decline over 1 year	-74.87%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-87.36%	—	—
Current Drawdown Current decline from peak	-88.75%	-7.63%	-81.12%
Average Drawdown Average peak-to-trough decline	-55.40%	-16.35%	-39.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.49%	—	—

Volatility

Volatility by Period

	WTID	ORCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.57%	—	—
Volatility (6M) Calculated over the trailing 6-month period	55.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	68.48%	59.72%	+8.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.61%	59.72%	+10.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.61%	59.72%	+10.89%

WTID vs. ORCS - Expense Ratio Comparison

WTID has a 0.95% expense ratio, which is lower than ORCS's 0.97% expense ratio.

Dividends

WTID vs. ORCS - Dividend Comparison

WTID has not paid dividends to shareholders, while ORCS's dividend yield for the trailing twelve months is around 1.11%.

Position	TTM	2025
ORCS Direxion Daily ORCL Bear 1X ETF	1.11%	0.26%
WTID MicroSectors Energy -3X Inverse Leveraged ETN	0.00%	0.00%

Frequently Asked Questions

Can I hold both WTID and ORCS in my portfolio?

WTID and ORCS have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WTID or ORCS?

On fees, WTID is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WTID or ORCS?

WTID is cheaper with a 0.95% expense ratio, compared with 0.97% for ORCS.

Which ETF pays a higher dividend yield, WTID or ORCS?

ORCS has the higher dividend yield at 1.11%, compared with 0.00% for WTID.

What is the main difference between WTID and ORCS?

They also come from different issuers: REX and Direxion. Their fees differ too: 0.95% for WTID and 0.97% for ORCS.