Correlation
The correlation between WTID and USO is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
WTID vs. USO
Compare and contrast key facts about MicroSectors Energy -3X Inverse Leveraged ETN (WTID) and United States Oil Fund LP (USO).
WTID and USO 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 Microsectors that tracks the performance of the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). It was launched on Feb 16, 2023. USO is a passively managed fund by Concierge Technologies that tracks the performance of the Front Month Light Sweet Crude Oil. It was launched on Apr 10, 2006. Both WTID and USO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WTID or USO.
Performance
WTID vs. USO - Performance Comparison
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Key characteristics
WTID:
0.07
USO:
-0.36
WTID:
0.96
USO:
-0.44
WTID:
1.11
USO:
0.95
WTID:
0.20
USO:
-0.15
WTID:
0.59
USO:
-1.13
WTID:
21.60%
USO:
11.97%
WTID:
89.77%
USO:
30.62%
WTID:
-68.30%
USO:
-98.19%
WTID:
-55.16%
USO:
-92.86%
Returns By Period
In the year-to-date period, WTID achieves a -15.64% return, which is significantly lower than USO's -11.12% return.
WTID
-15.64%
-8.88%
9.95%
15.36%
N/A
N/A
N/A
USO
-11.12%
4.08%
-6.23%
-10.25%
-7.73%
21.01%
-8.62%
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WTID vs. USO - Expense Ratio Comparison
WTID has a 0.95% expense ratio, which is higher than USO's 0.79% expense ratio.
Risk-Adjusted Performance
WTID vs. USO — Risk-Adjusted Performance Rank
WTID
USO
WTID vs. USO - Risk-Adjusted Performance 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.
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Dividends
WTID vs. USO - Dividend Comparison
Neither WTID nor USO has paid dividends to shareholders.
Drawdowns
WTID vs. USO - Drawdown Comparison
The maximum WTID drawdown since its inception was -68.30%, 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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Volatility
WTID vs. USO - Volatility Comparison
MicroSectors Energy -3X Inverse Leveraged ETN (WTID) has a higher volatility of 18.27% compared to United States Oil Fund LP (USO) at 7.91%. 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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