WTID vs. SCO
Compare and contrast key facts about MicroSectors Energy -3X Inverse Leveraged ETN (WTID) and ProShares UltraShort Bloomberg Crude Oil (SCO).
WTID and SCO 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. SCO is a passively managed fund by ProShares that tracks the performance of the Bloomberg Commodity Balanced WTI Crude Oil Index (-200%). It was launched on Nov 24, 2008. Both WTID and SCO 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. SCO - Performance Comparison
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WTID vs. SCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WTID MicroSectors Energy -3X Inverse Leveraged ETN | -64.82% | -44.50% | -7.93% | -17.12% |
SCO ProShares UltraShort Bloomberg Crude Oil | -57.57% | 15.90% | -19.00% | -12.85% |
Returns By Period
In the year-to-date period, WTID achieves a -64.82% return, which is significantly lower than SCO's -57.57% return.
WTID
- 1D
- 4.88%
- 1M
- -34.34%
- YTD
- -64.82%
- 6M
- -65.12%
- 1Y
- -73.42%
- 3Y*
- -48.22%
- 5Y*
- —
- 10Y*
- —
SCO
- 1D
- 7.91%
- 1M
- -40.99%
- YTD
- -57.57%
- 6M
- -52.24%
- 1Y
- -50.36%
- 3Y*
- -30.90%
- 5Y*
- -42.55%
- 10Y*
- -40.15%
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WTID vs. SCO - Expense Ratio Comparison
Both WTID and SCO have an expense ratio of 0.95%.
Return for Risk
WTID vs. SCO — Risk / Return Rank
WTID
SCO
WTID vs. SCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Energy -3X Inverse Leveraged ETN (WTID) and ProShares UltraShort Bloomberg Crude Oil (SCO). 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 | SCO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.91 | -0.89 | -0.02 |
Sortino ratioReturn per unit of downside risk | -1.81 | -1.34 | -0.47 |
Omega ratioGain probability vs. loss probability | 0.80 | 0.85 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.80 | -0.07 |
Martin ratioReturn relative to average drawdown | -1.33 | -1.92 | +0.59 |
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 | SCO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.91 | -0.89 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.72 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.66 | -0.37 | -0.30 |
Correlation
The correlation between WTID and SCO is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
WTID vs. SCO - Dividend Comparison
Neither WTID nor SCO has paid dividends to shareholders.
Drawdowns
WTID vs. SCO - Drawdown Comparison
The maximum WTID drawdown since its inception was -90.35%, smaller than the maximum SCO drawdown of -99.74%. Use the drawdown chart below to compare losses from any high point for WTID and SCO.
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Drawdown Indicators
| WTID | SCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.35% | -99.74% | +9.39% |
Max Drawdown (1Y)Largest decline over 1 year | -86.07% | -66.46% | -19.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -94.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.48% | — |
Current DrawdownCurrent decline from peak | -89.63% | -99.72% | +10.09% |
Average DrawdownAverage peak-to-trough decline | -52.57% | -85.02% | +32.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.03% | 27.57% | +28.46% |
Volatility
WTID vs. SCO - Volatility Comparison
The current volatility for MicroSectors Energy -3X Inverse Leveraged ETN (WTID) is 17.45%, while ProShares UltraShort Bloomberg Crude Oil (SCO) has a volatility of 23.33%. This indicates that WTID experiences smaller price fluctuations and is considered to be less risky than SCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTID | SCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.45% | 23.33% | -5.88% |
Volatility (6M)Calculated over the trailing 6-month period | 44.85% | 39.96% | +4.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.62% | 56.93% | +23.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.06% | 59.10% | +9.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.06% | 71.92% | -2.86% |