WTID vs. TSLS
WTID (MicroSectors Energy -3X Inverse Leveraged ETN) and TSLS (Direxion Daily TSLA Bear 1X ETF) are both Inverse Equities funds - WTID tracks the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%) while TSLS tracks the Tesla, Inc. (-100% Daily). Both are passively managed. Over the past 3 years, WTID returned -45.60%/yr vs -29.03%/yr for TSLS. Their 0.06 correlation means their historical movements had little consistent relationship. Both charge a 0.95% expense ratio.
Performance
WTID vs. TSLS - 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 TSLS's 28.69% 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%
TSLS
- 1D
- -3.45%
- 1M
- 18.41%
- 6M
- 21.28%
- YTD
- 28.69%
- 1Y
- -17.90%
- 3Y*
- -29.03%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -25.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $28.31M | $26.86M | $30.95M | |
| $198.95K | $195.92K | $630.81K |
WTID vs. TSLS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WTID MicroSectors Energy -3X Inverse Leveraged ETN | -67.32% | -44.50% | -7.93% | -16.93% |
TSLS Direxion Daily TSLA Bear 1X ETF | 28.69% | -34.95% | -55.71% | -26.94% |
Correlation
The correlation between WTID and TSLS is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2023 | 0.06 |
The correlation between WTID and TSLS shifts across timeframes, from -0.13 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WTID vs. TSLS — Risk / Return Rank
WTID
TSLS
WTID vs. TSLS - 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 TSLA Bear 1X ETF (TSLS). 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 | TSLS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.92 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.97 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | -0.45 | -0.53 |
| Martin ratioReturn relative to average drawdown | -1.49 | -0.64 | -0.85 |
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Drawdowns
WTID vs. TSLS - Drawdown Comparison
The maximum WTID drawdown since its inception was -90.80%, roughly equal to the maximum TSLS drawdown of -90.73%. Use the drawdown chart below to compare losses from any high point for WTID and TSLS.
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Drawdown Indicators
| WTID | TSLS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.80% | -90.73% | -0.07% |
Max Drawdown (1Y)Largest decline over 1 year | -76.06% | -40.10% | -35.96% |
Max Drawdown (3Y)Largest decline over 3 years | -86.73% | -84.16% | -2.57% |
Current DrawdownCurrent decline from peak | -90.37% | -87.03% | -3.34% |
Average DrawdownAverage peak-to-trough decline | -55.96% | -64.46% | +8.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.62% | 29.55% | +20.07% |
Volatility
WTID vs. TSLS - Volatility Comparison
MicroSectors Energy -3X Inverse Leveraged ETN (WTID) has a higher volatility of 23.44% compared to Direxion Daily TSLA Bear 1X ETF (TSLS) at 18.53%. This indicates that WTID's price experiences larger fluctuations and is considered to be riskier than TSLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTID | TSLS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.44% | 18.53% | +4.91% |
Volatility (6M)Calculated over the trailing 6-month period | 56.62% | 33.99% | +22.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.15% | 46.87% | +22.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.60% | 58.97% | +11.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.60% | 58.97% | +11.63% |
WTID vs. TSLS - Expense Ratio Comparison
Both WTID and TSLS have an expense ratio of 0.95%.
Dividends
WTID vs. TSLS - Dividend Comparison
WTID has not paid dividends to shareholders, while TSLS's dividend yield for the trailing twelve months is around 2.44%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
TSLS Direxion Daily TSLA Bear 1X ETF | 2.44% | 4.30% | 7.62% | 4.52% | 3.46% |
WTID MicroSectors Energy -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WTID and TSLS have a correlation of -0.13, 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 TSLS (18.53%). In terms of maximum drawdown, WTID dropped -90.80% vs TSLS's -90.73%.
On 3-year performance, TSLS leads with -29.03% vs -45.60% for WTID. Both ETFs have the same 0.95% expense ratio. On volatility, TSLS has been the lower-risk option at 18.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, TSLS has performed better with a -29.03% return vs -45.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WTID and TSLS have the same expense ratio: 0.95% per year.
TSLS has the higher dividend yield at 2.44%, compared with 0.00% for WTID.
WTID tracks Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%), while TSLS tracks Tesla, Inc. (-100% Daily). They also come from different issuers: REX and Direxion.
TSLS currently has the higher Sharpe Ratio (-0.38 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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