WTID vs. USO
WTID (MicroSectors Energy -3X Inverse Leveraged ETN) and USO (United States Oil Fund LP) are both exchange-traded funds - WTID is a Inverse Equities fund tracking the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%), while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. Both are passively managed. Over the past 3 years, WTID returned -45.60%/yr vs 18.29%/yr for USO. Their -0.64 correlation means they have often moved in opposite directions in the past. WTID charges 0.95%/yr vs 0.86%/yr for USO.
Performance
WTID vs. USO - 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 USO's 76.58% 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%
USO
- 1D
- -5.46%
- 1M
- 17.45%
- 6M
- 62.11%
- YTD
- 76.58%
- 1Y
- 57.66%
- 3Y*
- 18.29%
- 5Y*
- 20.94%
- 10Y*
- 4.47%
- ALL TIME*
- -7.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $981.29M | $906.75M | $905.81M | |
| $198.95K | $195.92K | $630.81K |
WTID vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WTID MicroSectors Energy -3X Inverse Leveraged ETN | -67.32% | -44.50% | -7.93% | -16.93% |
USO United States Oil Fund LP | 76.58% | -8.46% | 13.35% | -3.96% |
Correlation
The correlation between WTID and USO is -0.68, 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. | -0.68 |
Correlation (3Y) Balances recent behavior with more history. | -0.63 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2023 | -0.64 |
The correlation between WTID and USO has been stable across timeframes, ranging from -0.68 to -0.63 - a consistent structural relationship.
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Return for Risk
WTID vs. USO — Risk / Return Rank
WTID
USO
WTID vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Energy -3X Inverse Leveraged ETN (WTID) and United States Oil Fund LP (USO). 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 | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.30 | ||
| Sortino ratioReturn per unit of downside risk | -4.07 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.23 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 1.78 | -2.76 |
| Martin ratioReturn relative to average drawdown | -1.49 | 5.23 | -6.73 |
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Drawdowns
WTID vs. USO - Drawdown Comparison
The maximum WTID drawdown since its inception was -90.80%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for WTID and USO.
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Drawdown Indicators
| WTID | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.80% | -98.19% | +7.39% |
Max Drawdown (1Y)Largest decline over 1 year | -76.06% | -32.49% | -43.57% |
Max Drawdown (3Y)Largest decline over 3 years | -86.73% | -32.49% | -54.24% |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.75% | — |
Current DrawdownCurrent decline from peak | -90.37% | -87.01% | -3.36% |
Average DrawdownAverage peak-to-trough decline | -55.96% | -75.38% | +19.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.62% | 11.24% | +38.38% |
Volatility
WTID vs. USO - Volatility Comparison
MicroSectors Energy -3X Inverse Leveraged ETN (WTID) has a higher volatility of 23.44% compared to United States Oil Fund LP (USO) at 18.95%. This indicates that WTID's price experiences larger fluctuations and is considered to be riskier than USO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTID | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.44% | 18.95% | +4.49% |
Volatility (6M)Calculated over the trailing 6-month period | 56.62% | 43.21% | +13.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.15% | 47.21% | +21.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.60% | 37.13% | +33.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.60% | 39.32% | +31.28% |
WTID vs. USO - Expense Ratio Comparison
WTID has a 0.95% expense ratio, which is higher than USO's 0.86% expense ratio.
Dividends
WTID vs. USO - Dividend Comparison
Neither WTID nor USO has paid dividends to shareholders.
Frequently Asked Questions
WTID and USO have a correlation of -0.68, 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 USO (18.95%). In terms of maximum drawdown, WTID dropped -90.80% vs USO's -98.19%.
On 3-year performance, USO leads with 18.29% vs -45.60% for WTID. On fees, USO is cheaper at 0.86% per year. On volatility, USO has been the lower-risk option at 18.95%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, USO has performed better with a 18.29% return vs -45.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USO is cheaper with a 0.86% expense ratio, compared with 0.95% for WTID.
WTID and USO have nearly identical dividend yields, around 0.00%.
WTID is categorized as Inverse Equities, while USO is Oil & Gas. WTID tracks Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%), while USO tracks Front Month Light Sweet Crude Oil. They also come from different issuers: REX and USCF. Their fees differ too: 0.95% for WTID and 0.86% for USO.
USO currently has the higher Sharpe Ratio (1.23 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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