WTID vs. SEF
WTID (MicroSectors Energy -3X Inverse Leveraged ETN) and SEF (ProShares Short Financials) are both Inverse Equities funds - WTID tracks the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%) while SEF tracks the Dow Jones U.S. Financials Index (-100%). Both are passively managed. Over the past 3 years, WTID returned -45.60%/yr vs -12.14%/yr for SEF. Their 0.28 correlation means their historical movements had little consistent relationship. Both charge a 0.95% expense ratio.
Performance
WTID vs. SEF - Performance Comparison
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Returns By Period
In the year-to-date period, WTID achieves a -67.32% return, which is significantly lower than SEF's -2.97% return.
WTID
- 1D
- 4.70%
- 1M
- -32.80%
- 6M
- -56.78%
- YTD
- -67.32%
- 1Y
- -74.04%
- 3Y*
- -45.60%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -43.47%
SEF
- 1D
- -0.56%
- 1M
- -2.73%
- 6M
- -4.74%
- YTD
- -2.97%
- 1Y
- -7.57%
- 3Y*
- -12.14%
- 5Y*
- -7.56%
- 10Y*
- -12.22%
- ALL TIME*
- -13.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $316.98K | $220.26K | $247.07K | |
| $198.95K | $195.92K | $630.81K |
WTID vs. SEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WTID MicroSectors Energy -3X Inverse Leveraged ETN | -67.32% | -44.50% | -7.93% | -16.93% |
SEF ProShares Short Financials | -2.97% | -9.82% | -17.81% | -1.77% |
Correlation
The correlation between WTID and SEF is -0.06, 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. | -0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2023 | 0.28 |
The correlation between WTID and SEF shifts across timeframes, from -0.06 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
WTID vs. SEF - Sectors Allocation Comparison
Sectors
WTID
SEF
Energy
-
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Financial Services
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Energy
WTID
SEF
-
Basic Materials
WTID
-
SEF
-
Communication Services
WTID
-
SEF
-
Consumer Cyclical
WTID
-
SEF
-
Consumer Defensive
WTID
-
SEF
-
Financial Services
WTID
-
SEF
Healthcare
WTID
-
SEF
-
Industrials
WTID
-
SEF
-
Real Estate
WTID
-
SEF
-
Technology
WTID
-
SEF
-
Utilities
WTID
-
SEF
-
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Return for Risk
WTID vs. SEF — Risk / Return Rank
WTID
SEF
WTID vs. SEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Energy -3X Inverse Leveraged ETN (WTID) and ProShares Short Financials (SEF). 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 | SEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.92 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | -0.48 | -0.50 |
| Martin ratioReturn relative to average drawdown | -1.49 | -1.17 | -0.32 |
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Drawdowns
WTID vs. SEF - Drawdown Comparison
The maximum WTID drawdown since its inception was -90.80%, smaller than the maximum SEF drawdown of -96.53%. Use the drawdown chart below to compare losses from any high point for WTID and SEF.
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Drawdown Indicators
| WTID | SEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.80% | -96.53% | +5.73% |
Max Drawdown (1Y)Largest decline over 1 year | -76.06% | -15.98% | -60.08% |
Max Drawdown (3Y)Largest decline over 3 years | -86.73% | -39.77% | -46.96% |
Max Drawdown (5Y)Largest decline over 5 years | — | -41.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -73.23% | — |
Current DrawdownCurrent decline from peak | -90.37% | -96.52% | +6.15% |
Average DrawdownAverage peak-to-trough decline | -55.96% | -82.82% | +26.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.62% | 6.48% | +43.14% |
Volatility
WTID vs. SEF - Volatility Comparison
MicroSectors Energy -3X Inverse Leveraged ETN (WTID) has a higher volatility of 23.44% compared to ProShares Short Financials (SEF) at 3.84%. This indicates that WTID's price experiences larger fluctuations and is considered to be riskier than SEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTID | SEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.44% | 3.84% | +19.60% |
Volatility (6M)Calculated over the trailing 6-month period | 56.62% | 11.03% | +45.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.15% | 14.55% | +54.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.60% | 17.92% | +52.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.60% | 20.46% | +50.14% |
WTID vs. SEF - Expense Ratio Comparison
Both WTID and SEF have an expense ratio of 0.95%.
Dividends
WTID vs. SEF - Dividend Comparison
WTID has not paid dividends to shareholders, while SEF's dividend yield for the trailing twelve months is around 3.46%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SEF ProShares Short Financials | 3.46% | 4.33% | 5.72% | 4.43% | 0.39% | 0.00% | 0.12% | 1.25% | 0.41% |
WTID MicroSectors Energy -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WTID and SEF have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTID has higher volatility (23.44%) compared to SEF (3.84%). In terms of maximum drawdown, WTID dropped -90.80% vs SEF's -96.53%.
On 3-year performance, SEF leads with -12.14% vs -45.60% for WTID. Both ETFs have the same 0.95% expense ratio. On volatility, SEF has been the lower-risk option at 3.84%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SEF has performed better with a -12.14% return vs -45.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WTID and SEF have the same expense ratio: 0.95% per year.
SEF has the higher dividend yield at 3.46%, compared with 0.00% for WTID.
WTID tracks Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%), while SEF tracks Dow Jones U.S. Financials Index (-100%). They also come from different issuers: REX and ProShares.
SEF currently has the higher Sharpe Ratio (-0.52 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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