WTID vs. SCO
WTID (MicroSectors Energy -3X Inverse Leveraged ETN) and SCO (ProShares UltraShort Bloomberg Crude Oil) are both exchange-traded funds - WTID is a Inverse Equities fund tracking the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%), while SCO is a Leveraged Commodities fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index (-200%). Both are passively managed. Over the past 3 years, WTID returned -48.40%/yr vs -37.96%/yr for SCO. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.
Performance
WTID vs. SCO - Performance Comparison
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Returns By Period
In the year-to-date period, WTID achieves a -62.23% return, which is significantly higher than SCO's -68.52% return.
WTID
- 1D
- -3.31%
- 1M
- -1.13%
- YTD
- -62.23%
- 6M
- -57.99%
- 1Y
- -72.92%
- 3Y*
- -48.40%
- 5Y*
- —
- 10Y*
- —
SCO
- 1D
- -2.80%
- 1M
- 0.04%
- YTD
- -68.52%
- 6M
- -67.29%
- 1Y
- -68.07%
- 3Y*
- -37.96%
- 5Y*
- -42.81%
- 10Y*
- -38.69%
WTID vs. SCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WTID MicroSectors Energy -3X Inverse Leveraged ETN | -62.23% | -44.50% | -7.93% | -17.12% |
SCO ProShares UltraShort Bloomberg Crude Oil | -68.52% | 15.90% | -19.00% | -12.85% |
Correlation
The correlation between WTID and SCO is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2023 | 0.65 |
The correlation between WTID and SCO has been stable across timeframes, ranging from 0.65 to 0.69 - a consistent structural relationship.
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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 | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.75 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | -0.94 | +0.01 |
| Martin ratioReturn relative to average drawdown | -1.55 | -1.97 | +0.42 |
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 | -1.10 | -1.20 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.72 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.61 | -0.38 | -0.23 |
Drawdowns
WTID vs. SCO - Drawdown Comparison
The maximum WTID drawdown since its inception was -90.35%, smaller than the maximum SCO drawdown of -99.80%. 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% | -99.80% | +9.45% |
Max Drawdown (1Y)Largest decline over 1 year | -78.12% | -72.24% | -5.88% |
Max Drawdown (3Y)Largest decline over 3 years | -88.99% | -79.85% | -9.14% |
Max Drawdown (5Y)Largest decline over 5 years | — | -94.80% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.51% | — |
Current DrawdownCurrent decline from peak | -88.87% | -99.79% | +10.92% |
Average DrawdownAverage peak-to-trough decline | -54.44% | -85.17% | +30.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.10% | 34.60% | +12.50% |
Volatility
WTID vs. SCO - Volatility Comparison
MicroSectors Energy -3X Inverse Leveraged ETN (WTID) has a higher volatility of 25.63% compared to ProShares UltraShort Bloomberg Crude Oil (SCO) at 20.05%. This indicates that WTID's price experiences larger fluctuations and is considered to be riskier 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 | 25.63% | 20.05% | +5.58% |
Volatility (6M)Calculated over the trailing 6-month period | 53.59% | 45.60% | +7.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.54% | 56.64% | +9.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.34% | 59.74% | +10.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.34% | 71.95% | -1.61% |
WTID vs. SCO - Expense Ratio Comparison
Both WTID and SCO have an expense ratio of 0.95%.
Dividends
WTID vs. SCO - Dividend Comparison
Neither WTID nor SCO has paid dividends to shareholders.
Frequently Asked Questions
WTID and SCO have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTID has higher volatility (25.63%) compared to SCO (20.05%). In terms of maximum drawdown, WTID dropped -90.35% vs SCO's -99.80%.
On 3-year performance, SCO leads with -37.96% vs -48.40% for WTID. Both ETFs have the same 0.95% expense ratio. On volatility, SCO has been the lower-risk option at 20.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SCO has performed better with a -37.96% return vs -48.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WTID and SCO have the same expense ratio: 0.95% per year.
WTID and SCO have nearly identical dividend yields, around 0.00%.
WTID is categorized as Inverse Equities, while SCO is Leveraged Commodities. WTID tracks Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%), while SCO tracks Bloomberg Commodity Balanced WTI Crude Oil Index (-200%). They also come from different issuers: REX and ProShares.
WTID currently has the higher Sharpe Ratio (-1.10 vs -1.20), 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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